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[COLUMBUS, Ohio ~ March 3, 2020] Upshift, the leading on-demand staffing platform, has closed $3.7 million in Series A funding to expand its team and accelerate growth across the country.
Upshift’s smartphone- and web-based platform connects people looking for extra work or new jobs with understaffed employers in the hospitality and light-industrial sectors, helping meet the nation’s high demand for temporary staffing solutions.
Online job platform Indeed’s investment arm, HR Tech Investments, led the funding round with participation from Columbus-based Rev1 Ventures and Data Point Capital.
“We look for innovation, and the Upshift team is transforming the future of work. Upshift is leading the transformation of the staffing industry, and we see tremendous growth potential,” said Ryan Helon, executive vice president of investment funds at Rev1 Ventures.
“And with its tremendous revenue growth, Upshift is certainly showing just how important serving the needs of the gig economy is shaping up to be.”
People in 15 cities in Ohio, Kentucky, Indiana, Pennsylvania, Tennessee, Texas and North Carolina rely on Upshift to find work that supports their needs and fits their schedules. There are now tens of thousands of employees using Upshift’s platform to find shifts at over 1,000 businesses ranging from medium-sized hotels to Fortune 500 companies.
Takeya, COSI and the Nationwide Hotel and Conference Center are just a few of the many companies in the hospitality and light industrial sectors partnering with Upshift in Columbus.
Unlike most gig economy companies, Upshift directly employs all those who work on its platform. This means that people working are covered by traditional employment relationships including workers’ compensation, unemployment and other employee protections.
That also means Upshift’s business clients do not take on the liability typically associated with 1099 staffing models.
Upshift’s pre-screening process for employment is rigorous and includes an in-person interview with a staff member. Only 12 percent of those who apply to Upshift successfully complete the screening process.
This, combined with Upshift’s intuitive, easy-to-use technology and strict disciplinary policies, means over 95% of Upshifters successfully complete committed shifts. That’s more than double the industry standard for success.
“We’re thrilled to partner with Indeed, Rev1 and Data Point as we continue to partner with more companies and help people find work,” said Alex Pantich, Upshift co-founder and COO and 2014 graduate of The Ohio State University.
“I’m glad that so many of our partners and Upshifters have found success with Upshift in central Ohio, and we are excited to serve our clients and employees even more in the future!”
About Upshift: America’s leading on-demand staffing platform, Upshift services the hospitality and light industrial sectors and helps connect people to both flexible and long-term work. Its industry-leading success rates of over 95 percent are more than double industry standards. Headquartered in Cincinnati, Ohio, Upshift helps connect people and businesses in 15 major metro markets.
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