News

Shiftgig Raises $10 Million

Shiftgig, an online-recruiting platform for the restaurant and service industry, has raised $10 million for expansion.

The investment was led by Garland Funds, a venture fund run by Huron Consulting Group founder Gary Holdren, and KGC Capital, Richard Kiphart's investment fund. Other investors include Chicago Ventures; DRW Ventures, the startup investment arm of trader Don Wilson; Firestarter Fund; and Corazon Capital.

Shiftgig, which previously raised $3 million, will use the money to expand beyond Chicago and New York, adding three to five cities over the next year. The site allows waiters, bartenders and other staff to post their resumes and search for jobs, and it allows employers to post jobs. It has signed up more than 1 million workers, more than tripling this year.

Earlier this year, Chicago-based Shiftgig created Bullpen, a service to provide on-demand staff for companies, such as caterers, that produce one-off events.

“We think this is a huge market,” CEO Eddie Lou said. “(Investors) see what we're doing is working.”

The company has grown from 25 to 65 workers in the past year. It recently has begun building out its management team, as well, hiring executives from recruitment advertising firm TMP Worldwide, Hello Wallet and Echo Global Logistics.