Home Venture Capital Employer-of-record firm Atlas raising as much as $200 million; other firms with...

Employer-of-record firm Atlas raising as much as $200 million; other firms with rounds include Joonko, Ashby, Gig and Take and Reejig

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September 20, 2022

Employer-of-record provider Atlas announced a series B funding round of up to $200 million. Also announcing funding rounds this month were Joonko, Ashby and Gig and Take and Reejig.

Atlas

Atlas, a Chicago-based global employer-of-record provider, announced Sixth Street Growth, a San Francisco-based investment firm, will be making a series B investment of up to $200 million.

“This new investment from Sixth Street will allow us to continue to respond to our customers’ needs, offering the most streamlined and innovative ways of expanding into new markets, onboarding talent, managing the risk of noncompliance, and paying internationally,” said Rick Hammell, founder and CEO of Atlas.

As part of the investment, Sixth Street Managing Director Nari Ansari will join Atlas’ board.

Joonko

Joonko, a recruiting platform announced a $25 million Series B funding round led by Insight Partners.

TechCrunch reported Joonko pulls “silver medalist” candidates from recruitment systems and then makes them available for recruitment at other firms. It also aims to help companies find employees who are women, people of color and veterans.

The company has operations in New York and Tel Aviv, Israel.

Ashby

Ashby, a recruiting platform, announced a $21.5 million series B funding round led by venture capital firm F-Prime Capital. The round will go toward growing Ashby’s operations, engineering and go-to-market teams.

The company’s product incorporates candidate sourcing and outreach, automated scheduling and customizable reports.

San Francisco-based Ashby said it was founded with the mission of redefining the applicant tracking system category.

Gig and Take

Gig and Take, a startup that manages flexible workforces for factories and warehouses, announced a $1.5 million pre-seed funding round.

The round was led by Schematic Ventures with participation by Motivate Ventures and SHRM Labs.

Gig and Take, based in Mechanicsburg, Pennsylvania, was founded in 2021 by Rahil Siddiqui, Gnan Vrath and Waheed Syed.

“What most manufacturers are missing is flexibility,” said Siddiqui, who serves as CEO. “Our aim is to supplant rigid employment practices with flexible work schedules so a new, diverse workforce will be attracted to these traditional jobs.”

Reejig

Reejig, which describes itself as a workforce intelligence platform, this month announced an investment from Salesforce Ventures.

The company has raised more than $38 million since launching in 2019.

Reejic creates skills profiles from companies’ current employees along with others in their ecosystem such as previous applicants and contingent workers. It aims to providers companies with visibility regarding skills across their organization.

It is based in San Francisco.

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