6 SaaS Startups in the Virtual Workforce Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Virtual Workforce industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 6 VC funded SaaS startups in the Virtual Workforce industry.

Briq

Briq lets our clients take charge of the intricate financial procedures involved in building by automating workflows from the planning stage through payments. To enable more accurate planning and forecasting of company results, Briq automates data entry and transforms it into easily assimilated, actionable insights. Currently, Briq offers three solutions that are all aimed towards the construction industry's financial stack: Organizing & Prediction Management of Spend Receivables and Billings Briq was created to simplify the work of financial experts in the construction industry and increase contractor profitability. Briq provides a full range of contemporary technology for the industry, helping to update the financial tech stack. We work with businesses to improve fees, avoid fee decay, and maintain overhead expenses.

Company details:
Founders:
Bassem Hamdy, Ron Goldshmidt
Founded:
2018
Based in:
Santa Barbara, California, United States
Website:
Briq
Industries:
Big Data, Construction, FinTech, Infrastructure, Real Estate, SaaS, Software, Virtual Workforce
Latest funding:
$30,000,000
Series B
7 June 2021
Total funding:
$46,000,000
Investors
Tiger Global Management, Eniac Ventures, MetaProp, Blackhorn Ventures, Darling Ventures

Symba

Symba is an internship management platform. Our easy-to-use enterprise SaaS tool helps companies streamline their internship program saving them time and money. Symba’s software enables employers to train interns, facilitate project workflows, measure performance, and build meaningful relationships. In this way, Symba provides oversight and transparency into internship programs and supports companies with real data to track their recruitment processes. Symba’s all-female founding team is diverse and brings together software, marketing, and business expertise. We are creating valuable experiences, one internship at a time.

Company details:
Founders:
Ahva Sadeghi, Nikita Gupta
Founded:
2017
Based in:
San Francisco, California, United States
Website:
Symba
Industries:
Human Resources, Information Technology, Internet, SaaS, Software, Virtual Workforce
Latest funding:
$2,000,000
Seed
1 October 2021
Total funding:
$2,800,000
Investors
Techstars, Right Side Capital Management, 1517 Fund, Forum Ventures, Hustle Fund

Vault Platform

Vault empowers employees to feel confident to report misconduct and employers to take meaningful actions to reach a resolution.

Company details:
Founders:
Neta Meidav, Rotem Hayoun-Meidav
Founded:
2018
Based in:
London, England, United Kingdom
Industries:
Compliance, Enterprise Software, Human Resources, SaaS, Virtual Workforce
Latest funding:
$8,200,000
Series A
7 June 2021
Total funding:
$12,400,000
Investors
Illuminate Financial, Angular Ventures, Kindred Capital, January Ventures, Gradient Ventures

Worksome

Utilize the one and only platform created to manage independent contractors, assure strong compliance, and expedite payments as you develop, manage, and maintain your external workforce.

Company details:
Founders:
Christina Brun Petersen, Hans Peter Nielsen, Mathias Linnemann, Morten Petersen
Founded:
2017
Based in:
Copenhagen, Hovedstaden, Denmark
Website:
Worksome
Industries:
B2B, Compliance, Employment, Enterprise Resource Planning (ERP), Enterprise Software, Freelance, Human Resources, SaaS, Software, Virtual Workforce
Latest funding:
$17,000,000
Series A
13 May 2021
Total funding:
$22,946,000
Investors
Tommy Ahlers, Lind og Risør

WurkNow Inc.

WurkNow is a Next-Generation Staffing & Workforce Management Platform that combines the complete hiring process into a single, contemporary, and user-friendly digital experience thanks to our sophisticated data-driven methodology. Utilize our whole end-to-end platform or use our modular alternatives to boost your tech stack: Marketplace (People Sourcing & Pooling): To find, gather, and engage the best talent so you can achieve 100% Fill Rates, we leverage next-generation mobile apps and artificial intelligence. Staffing (Talent Onboarding, Engagement, and Deployment): We streamline the hiring process, make sure you have a platform that helps fill available jobs, and make it simpler than ever to match the best applicants for the job. Human Resources (Compliance, Roles & Documents): From drug tests, certifications, background checks, injuries, legal information, and benefits through performance evaluations and terminations, we securely store and manage it all. Additionally, make it simple for you to upload papers as new legal amendments are made. Timekeeping (Talent Scheduling, Labor & Compliance Management): Based on readily adjustable compliance regulations, we offer accurate, on-time time monitoring and automatic personnel scheduling. Simple time monitoring and management, precise time card data for accurate billing and payment, and client approval of time cards for a more automated procedure. Our Universal JOTM provides a single platform and source of truth for integrating workforce management operations in high-volume workplaces, whether you're a staffing agency giving your customers an MSP service or an employer employing numerous staffing suppliers. Payroll (Pay & Bill): By facilitating smooth data transmission and reconciliation inside a single system, we simplify payroll for the agency, the employer, and hourly workers. Payroll becomes quicker and more precise as a consequence.

Company details:
Founders:
Sammy Singh, TJ Sehmi
Founded:
2017
Based in:
Riverside, California, United States
Website:
WurkNow Inc.
Industries:
Construction, Events, Industrial, Industrial Manufacturing, Packaging Services, Retail, SaaS, Staffing Agency, Virtual Workforce
Latest funding:
$4,500,000
Series A
16 September 2021
Total funding:
$10,000,000
Investors
Newport Hayseed Group

Wurkr

Teams may interact remotely in an immersive virtual workspace using the video platform Wurkr. It is a SaaS platform that helps businesses to foster corporate culture more effectively as well as promote creativity and impromptu cooperation in distant and scattered settings. The headquarters of the 2018-launched Wurkr are in London, England.

Company details:
Founders:
Annil Chandel, Tim Lloyd
Founded:
2018
Based in:
London, England, United Kingdom
Website:
Wurkr
Industries:
Collaboration, Information Technology, Internet, Meeting Software, SaaS, Software, Video, Video Conferencing, Virtual Workforce
Latest funding:
$1,400,373
Seed
25 February 2021
Total funding:
$1,400,374
Investors
Seedrs, Hindustan Media Venture, Yan Van de Velde

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