Online staffing platform BrainTrust last week announced an $18 million funding round. Uber Applied Sciences Inc. (NYSE: Uber) Uber Freight raises $500 million in funding. Plus, payroll agency Papaya World reported rounding $40 million. Rent Applied Sciences Inc. (TSXV: HIRE) announces funding for the screening platform.
BrainTrust announced that it has raised $18 million in a strategic advancement round. The company is an internet staffing platform that aims to engage employees and companies at no employee fee while buyers pay 10%. The company came out of stealth mode in June amid the pandemic.
Coindesk explained that the specialization market will basically be owned by the freelancers and corporations that use it; BrainTrust will use a system of blockchain-based tokens that can work holding shares and allow customers to vote on issues connecting charge ranges and classes of labor.
The funding round was led by venture capital corporations Acme and Blockchange Ventures.
Buyers from BrainTrust include Coursera, Nestle, Porsche, TaskRabbit and NASA.
While BrainTrust is based in the San Francisco Bay Space, it has a distributed workforce in 15 countries around the world.
Uber Applied Sciences Inc. has launched a $500 million Sequence A funding round in its Uber Freight division, which connects trucking firms and drivers looking for ways to ship freight. The funding was led by Greenbrier Fairness Group LP. Greenbrier managing partners Michael Weiss and Jill Recker will be part of Uber Freight’s board.
“Uber Freight has created a revolutionary and efficient strategy for logistics expertise that we envision is very scalable for years to come,” Weiss said.
Papaya World announced last week that it has raised $40 million in a Series B funding round. The Israel-based agency is a world payroll and fee forum. Spherical was pioneered by Scale Enterprise Companions.
The company aims to answer for payroll, employer records and contractors in 140 countries.
“Payroll is a thrilling business and pertains to any enterprise, especially those looking to grow internationally,” said CEO Inat Guez. “Still, handling payroll in many countries with multiple suppliers while maintaining local compliance and an understanding of the specifics of specific local payroll parts is painfully complex. These pain factors are skilled by firms of all sizes.”
The latest investment round brings the total investment in Papaya World to $95 million.
Rent Applied Sciences
Rent Applied Sciences Inc. launched a funding round last week at Atlas ID, an HR expertise agency that provides a risk mitigation platform for employers. Funding takes the form of a $200,000 convertible note with 10% interest. Be aware as of September 30, 2022, and Atlas ID may convert excellent principal and unpaid interest into fairness securities.
Atlas’ platform allows workers to voluntarily self-report signals. Rent Applied Sciences’ funding will bring Atlas’ expertise to Canada.