HourWork raises additional $2.5 million

HourWork, a SaaS recruitment and retention platform for quick-serve restaurant franchise owners, announced the closing of $2.5 million in additional Series A funding led by MassMutual’s MM Catalyst Fund. Other investors include Morgan Stanley’s Next Level Fund, Positive Sum Ventures, and RelishWorks. The startup raised a total of $12.5 million in Series A funding.

Founded by CEO Rahkeem Morris and COO Rob Snyder in 2017, HourWork’s vision is to transform hourly work and the gig economy, providing employers with the ability to “dramatically improve applicant flow, eliminate retention challenges,” and match demand for labor with workers who have certified skillsets in specific areas and are available to work. In addition, the company will work to change how hourly employees maximize their earnings, find work, and market their skills.

“HourWork is one of the rare startups that understands how to advance the interests of both companies and workers in this new world of work. Its impressive growth trajectory to date reflects an effectiveness in executing on that vision, delivering recognized value to companies while earning trust with workers through an unprecedented time. We believe HourWork has the potential to become a market leader and make a positive impact on the sectors of the economy that rely on hourly work, while contributing to real and sustainable well-being for hourly workers. We are proud to continue our investment in HourWork’s success.” – Diane Henry, Head of Impact Investment Funds at MassMutual.