HYR has raised an additional $1.6 million CAD in its latest funding round thanks to Flybridge Capital Partners, Newark Venture Partners, and XFactor Ventures.
The company, which helps businesses fill slots in daily work shifts quickly, has reached $2.9 million CAD in total outside funding. This will allow the company to improve its app and technology, so shift workers can find new work easily and quickly without worrying about the arduous hiring process.
HYR's unique gimmicks include an easy to access listing that lets users customize their schedule and pay range, immediate pay-outs, and points that you can trade in for paid days off and other goodies.
“The market has shifted, and the underlying idea that drives Hyr is not new: using your smartphone to get a car, a place to stay, to trade stock,” said Erika Mozes, co-founder of Hyr. “What is new is that Hyr addresses a new market in the space: traditional hospitality and retail businesses. Once they realize that Hyr solves their biggest challenges — access to talent, fast, at the best possible price — there is not much more convincing to do.”
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