9 years ago

Lystable Raises $11 Million Series A to Help Businesses Manage Gig Economy Workforce

  • Lystable, a UK-based startup that helps businesses manage their gig economy workforce, has raised $11 million in Series A funding led by Peter Thiel’s Valar Ventures

  • The round also included participation from PayPal co-founder Max Levchin and the VC arm of New York-based real estate dynasty, LeFrak

  • Lystable's platform helps businesses onboard, invoice, and pay freelancers, as well as manage their work schedules and performance

  • The company plans to use the funding to expand its product and data capabilities, as well as grow its customer base.

      • ProblemTechnology

      "Businesses are struggling to manage their gig economy workforce effectively, as legacy software is designed for full-time employees. It's difficult for companies to scale their operations and integrate freelancers seamlessly."

      Solution

      "Lystable provides a platform that simplifies the management of gig economy workers, enabling businesses to onboard, invoice, and pay freelancers easily. The platform leverages data insights to help companies make informed decisions about hiring and workforce structure."

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