WorkGenius, a New York-based freelance technology company, acquired JBC, a NY-based staffing company.
Investments were provided by Carlos Medeiros, former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provided the debt facility and also invested in the equity. Carlos Medeiros joined the board of directors.
This acquisition, which closed June 7, 2022, reconfigures the combined company into WorkGenius Holdings. The Hamburg, Germany originating company had previously received $23m in a post-Series A fundraising round.
Founded in 2019 by Daniel Barke and Marlon Rosenzweig, WorkGenius operates a fully automated and AI-based end-to-end freelance solution for talent and companies. Thanks to skill-based matching, companies find suitable, highly qualified talent for their projects. Since acquiring the US-based staffing firm JBC, the scale-up already employs more than 250 people. Over 5,000 customers use the platform, including top international players such as Meta, Axel Springer, or Uber.
FinSMEs
24/10/2022