Gig economy recruitment start-up Fountain has raised $23m to develop its platform for finding and screening contract, self-employed and temporary workers. The funding round was led by Origin Ventures and backed by investors including 51job, DCM and Uncork Capital. The start-up has now raised a total of $34m. Fountain processes over one million applications for 150,000 jobs each month, said CEO Keith Ryu. It principally targets ridesharing jobs, delivery start-up work and home service provision. Around 85% of the world’s workforce works on hourly rather than flat salary arrangements, according to estimates.
Gig economy recruitment start-up Fountain has raised $23m to develop its platform for finding and screening contract, self-employed and temporary workers. The funding round was led by DCM and backed by investors including 51job, Origin Ventures and Uncork Capital. The start-up has now raised a total of $34m. Fountain processes over one million applications for 150,000 jobs each month, said CEO Keith Ryu. It principally targets ridesharing jobs, delivery start-up work and home service provision. Around 85% of the world’s workforce works on hourly rather than flat salary arrangements, according to estimates.