Wonolo, a US-based online employment portal operator backed by healthcare staffing firm AMN Healthcare, received $138m yesterday in a funding round led by growth equity firm Leeds Illuminate.
The round included venture capital firms 137 Ventures and G2 Venture Partners as well as asset manager Franklin Templeton. It brings the company’s overall funding to over $200m.
Founded in 2014, Wonolo provides an on-demand online staffing platform which connects more than 1 million workers to retail, e-commerce, distribution and fulfilment jobs posted by thousands of businesses throughout its home country.
The company intends to use the funding to accelerate its growth, boost the development of its mobile-first technology innovations and further expand across the US.
AMN invested in a $32m series C round for Wonolo in November 2018 led by Bain Capital Ventures, the VC arm of private equity firm Bain Capital, and backed by Base10 Partners, DAG Ventures, Sequoia Capital and Cendana Capital.
Wonolo had previously received $13m in an April 2018 round led by Sequoia Capital with backing from Base10, PivotNorth and Tuesday Capital (then still known as CrunchFund).
The company had raised $5.7m from undisclosed investors in 2016 according to a regulatory filing, after receiving $2.2m in seed funding from PivotNorth Capital, CrunchFund, Foundry Group and unnamed angel investors at a $7.5m valuation the year before.
Coca-Cola had already provided $1.7m in convertible note financing for Wonolo, a graduate of its Coca-Cola Founders incubator initiative.