Spur Raises $8M

Spur, the employment platform that “redefines the relationship between hourly workers and employers,” announced an $8m Series A round led by Third Prime with participation from Mark Bezos and John Griffin, founder of Blue Ridge Capital.

Founded in 2017 and Based in Huntsville, AL, Spur offers workplaces such as hotels, restaurants, and other businesses with hourly workforces a managed solution for all their employment needs. As part of the process, Spur becomes the employer of record of businesses’ hourly workforce helping companies reduce costs and save time by eliminating all HR and payroll functions. Employees on Spur get to take advantage of a customized suite of benefits, perks, and other services specifically designed for hourly workers including faster pay options, healthcare, savings accounts, discounted products and services, and paid sick leave. In addition, Spur helps workers find side gigs and other opportunities to boost their income and find added stability.

“We started Spur with a mission to provide workers greater access to opportunity and ultimately improve their quality of life. We’re doing that by partnering with businesses and other organizations to take on all the responsibilities associated with managing HR and payroll for their hourly workforces and then ensuring those workers are well taken care of over the course of their employment. We believe most businesses want to treat their workers well – we’re just making it easier and more cost effective than ever before to deliver on that goal.” – Founder and CEO of Spur, Glenn Clayton. 

“Spur is redefining how businesses manage and provide for their hourly workforce. We have been impressed with Spur’s leadership, platform, unique value proposition, and unwavering dedication to helping improve the quality of life for millions of hard-working Americans. We are looking forward to continued momentum as more companies and their workers experience Spur firsthand.” – Managing Partner at Third Prime, Wes Barton.