Gigpro, a trailblazer in on-demand labor solutions for the hospitality sector, has successfully closed a $16 million Series A funding round. This substantial investment was spearheaded by Foundry, with notable participation from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. The new capital will catalyze Gigpro’s mission to reshape the gig economy and streamline labor connections within the hospitality industry.
Gigpro’s platform has rapidly emerged as a vital resource for the hospitality industry, now recognized as the fastest-growing company in South Carolina. The Series A funding will propel the expansion of Gigpro’s innovative platform, enhancing its technological capabilities and broadening its reach to meet the growing demand for flexible labor solutions.
Samuel Mylrea, CEO and Founder of Gigpro, expressed enthusiasm about the new investment: “We are incredibly grateful for the support from such distinguished investors. This funding will not only bolster our technology but also enable us to further our mission of empowering hospitality professionals and delivering exceptional service.”
Chris Moody, Partner at Foundry, emphasized the transformative potential of Gigpro: “Gigpro is setting a new benchmark for the hospitality industry by offering a seamless connection between businesses and skilled professionals. Their technology is poised to make a significant impact, and we are excited to support their continued growth.”
The hospitality industry grapples with persistent labor shortages and high turnover rates, exacerbated by a 79% staffing shortage reported by the National Restaurant Association. Gigpro’s platform addresses these challenges by facilitating real-time connections between businesses and qualified workers, thereby offering a dual benefit of filling labor gaps and providing additional income opportunities to hospitality professionals.
Adam Phillips, CPO and Co-Founder of Gigpro, noted: “Our platform is designed to deliver mutual benefits to businesses and workers alike, addressing critical labor needs while creating new job opportunities.”
Jay Po, Co-Founder and Managing Partner at Stage 2 Capital, praised Gigpro’s impact: “The platform’s ability to address customer pain points with innovative solutions is a game changer for the hospitality industry. It’s inspiring to witness the positive changes Gigpro is driving through job creation and talent acquisition.”
Editorial Perspective:
Gigpro’s innovative approach to addressing labor challenges in the hospitality sector marks a significant advancement in the gig economy. By bridging the gap between businesses and skilled professionals, Gigpro not only offers a timely solution to a pressing industry issue but also sets a new standard for labor marketplaces. The company’s rapid growth and impressive investor support underscore its potential to reshape the future of hospitality labor, driving efficiency and creating opportunities on a large scale. www.gigpro.com.
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