Graphite Solutions is a San Francisco-based technology platform that helps enterprise companies find, hire and manage highly skilled remote consultants on-demand. The platform connects enterprise companies with over 7,500 independent experts and boutique firms to execute mission-critical work and address capacity and capability gaps. Knowledge workers use Graphite to access high-quality client projects, a streamlined billing/invoicing/payment process and proprietary software to manage complex client relationships. The company closed a $15M equity funding round that brings total funding to over $20M. Graphite intends to use the funds to scale sales, marketing, recruitment, customer success and product development. Vikram Ashok is founder and CEO; Doug Atkin of Communitas Capital Partners joined the board in conjunction with the financing. SpareHire operates an online marketplace that matches screened finance and consulting professionals with short-term projects ranging from a few hours to multi-month engagements. Admission requires at least two years of relevant experience at a reputable firm; the platform hosts 1,000+ professionals primarily based in the U.S. SpareHire charges a 15% fee on project payments, and projects often receive applicants within hours. Typical hourly rates range from $75 to $125, and the platform handles payment and feedback ratings electronically. The company reports a 4.6 out of 5.0 average feedback rating across completed projects. SpareHire plans to use new capital to further develop its platform and expand its professional network.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2021