HourlyNerd, a US-based developer of software that helps businesses access experts in specialist fields, completed a $22m series C round yesterday that included industrial product manufacturer General Electric.
Venture capital firm General Catalyst Partners led the round, which also attracted Highland Capital Partners, Greylock Partners, Bob Doris of Accanto Partners and private investor Mark Cuban. General Electric took part through its GE Ventures unit.
HourlyNerd’s software platform uses an algorithm to connect businesses with experts or boutique firms in real time. Its network contains around 25,000 business expert suppliers and its client base numbers more than 5,000 companies.
The round took HourlyNerd’s overall funding to more than $33m, the company said. It follows a $7.8m series B round in February 2015 that also featured GE Ventures, Highland Capital, Greylock, conglomerate Kraft Group, Suffolk Equity Partners and assorted angel investors.
Sue Siegel, CEO of GE Ventures, said: “HourlyNerd’s talent network, delivered through its world-class technology, has become an enabling resource for GE. It empowers our employees by giving them streamlined and efficient access to the right expertise, helping us to work smarter and faster.”