Nowsta builds an AI-driven workforce management platform and operating systems for gig workforces, including its Staffing Labs product that aggregates a large marketplace of contingent labor. The platform helps employers and staffing agencies source, manage, and build pools of contingent workers and automates matching using market data and company attributes. By partnering with staffing companies, Nowsta gives agencies direct access to a larger and more diverse pool of qualified workers within the platform. Staffing Labs provides agencies with automation tools that utilize market data and company attributes to connect agencies and their workforce with profitable jobs. The company plans to use the new funding to enhance advanced technology in Staffing Labs, further develop its AI-driven platform, and expand its executive leadership team. Led by CEO Nick Lillios and based in Brooklyn, Nowsta has raised $93M in total funding following the recent round. Nowsta’s web and mobile app bundles automated scheduling, time-tracking, payroll and communication into a single workforce-management product and includes an on-demand labor marketplace sourced through third-party staffing providers. The platform also offers a wallet feature that lets workers get paid after every shift and view future earnings. CEO Nick Lillios founded the company in 2015 after building the technology from experience with food service vendors. Today Nowsta manages over 300,000 workers each month across 600 employers, including sports stadiums, hotels, food service vendors and warehouses. The company raised a $41 million Series B this round, bringing total funding to $59 million; it ramped up revenue significantly in 2021 and forecasts three- to fivefold revenue growth this year. Proceeds will be used to scale into 25 new U.S. markets, double the current 68-person headcount by year-end and invest in product development and sales and marketing. According to documents filed with the SEC, Nowsta, Inc. — based in Brooklyn, N.Y. — launched a new round of debt financing on Feb. 22. The company intended to raise as much as $1,000,000 and reports having raised the full amount. The financing was documented in an SEC filing submitted on March 1. The funding news was reported by Technical.ly. The article does not disclose the company’s product, operating metrics, past rounds, or investors.

Total raised

$77M

Funding rounds

3

Latest round

Series C

Latest activity

Nov 2023