Gigwalk, a leading provider of crowdsourced solutions to retailers and CPG companies, just surpassed the 500,000th member of its mobile workforce and celebrated the occasion by securing an additional $10 million in funding.
The three year old San Francisco-based company operates a software platform for consumer brands that delivers local visibility of in-store conditions to foster better collaboration with retailers. The company executes against that value proposition with a crowdsourced labor model of smartphone equipped workers known as “Gigwalkers” who are able to perform a wide range of functions in stores nationwide.
“Inefficiencies in retail execution account for hundreds of billions of dollars lost globally each year,” said Bob Bahramipour, CEO of Gigwalk. “Our enterprise software platform brings transparency and accountability to local operations, eliminating these problems and improving how brands and retailers work together.”
The most recent round of funding was led by Nokia Growth Partners (NGP) and also included new investor Randstad Holding nv and existing investors August Capital, Harrison Metal and SoftTech. Paul Asel of NGP has joined Gigwalk’s board. The funding will be used to further develop and scale Gigwalk’s software platform, expand partnerships with consumer brands and retailers, as well as support company growth and hiring.
“NGP is excited to invest in Gigwalk as they are disrupting how enterprises get local work done. The company’s robust technology platform and massive Gigwalker network is changing the speed, cost and effectiveness of doing distributed local work,” said Paul Asel, Managing Partner at NGP. “Gigwalk has a capable, visionary team that can deliver on this disruptive opportunity.”
Amsterdam-based, Randstad Holding nv, the world’s second largest human resources service provider, joined the round under their just launched Randstad Innovation Fund.