Qwick, a Phoenix, Arizona-based on-demand staffing platform for hospitality businesses and professionals, closed its $40 million Series B investment.
The round was led by Tritium Partners, with participation by current investors Album VC, Kickstart, Desert Angels, and Revolution's Rise of the Rest Seed Fund.
With its Series B funding, Qwick will accelerate growth by deepening its reach to hospitality businesses and professionals in existing markets and rapidly broadening its availability in new cities.
The company will also continue to hire at its Phoenix headquarters and in market-specific locations around the country to support new and existing business partners and professionals.
"Staffing-as-a-Service is the future of work in the hospitality industry. We're excited by Tritium's conviction in Qwick and belief in our mission to end understaffing," said Qwick Co-Founder and CEO Jamie Baxter. "We are proud to have facilitated over 500,000 hospitality shifts to date, and we plan to double that output in a matter of months as we match a growing number of businesses and service industry professionals for shifts in more and more cities around the country. Our projection is to fill over one million hospitality shifts in 2023 alone."
Over the past three years, Qwick has grown immensely, with revenue increasing by 10,032%. The company recently celebrated its recognition on the Inc. 5000 list as the 32nd fastest-growing company in the U.S. Behind its exciting growth has been a special focus on hiring and technology build-out, both of which feed Qwick's market expansion.
Company: Qwick, Inc.
Raised: $40.0M
Round: Series B
Funding Month: November 2022
Lead Investors: Tritium Partners
Additional Investors: Album VC, Kickstart, Desert Angels, and Revolution's Rise of the Rest Seed Fund
Company Website: https://www.qwick.com/
Software Category: Staffing-as-a-Service platform
About the Company: Qwick is a staffing-as-a-service platform that connects service industry professionals directly with food and beverage shifts in real time. Qwick offers its F&B professionals flexibility, control over their schedules, and the ability to choose where they want to work. Businesses benefit from filling shifts in real-time with a qualified and vetted workforce at a fraction of the cost of traditional staffing agencies. Qwick is a growth-stage company on a mission to change the way people work and has earned multiple recognitions nationally, including being a "Great Place to Work" in the U.S and one of the fastest-growing companies featured by Inc.
Source: https://www.prnewswire.com/news-releases/staffing-as-a-service-innovator-qwick-raises-40-million-in-series-b-financing-301661570.html