Future-of-work platform gigaroo launches out of stealth to transform the service industry employment market

Future-of-work platform gigaroo launches out of stealth to transform the service industry employment market

Published: 19-01-2023 10:21:00 | By: Pie Kamau | hits: 3071 | Tags:

gigaroo, the future-of-work platform that matches service industry employers with relevant Gen-Z job-seekers, announced it has raised multi-million dollar pre-seed round of investment from ATX Venture Partners and other private investors.

gigaroo was founded in 2022 by CEO, Adir Oren and CRO Yair Almagor, and was built to transform the service industry employment market by enabling employers to find and retain staff on an ongoing basis. In addition to giving Gen-Z jobseekers control over their schedules and wages, employers can benefit from loyal employees by changing their mindsets to be more open to flexible hours.

Today, in the service industry, retaining staff has become a huge challenge for employers. The Industry turnover post-COVID increased from 79% to over 130%. Job seekers no longer want to work as they used to in the past.

"We're thrilled to be out of stealth mode and share this news about our latest investment from ATX Venture Partners officially," said Oren. "This investment represents a vote of confidence in our mission to transform the service industry. We're grateful for ATX's trust and foresight in gigaroo. We continue to experience a high level of interest from early investors such as ATX."

Brad Bentz, Partner and Co-founder, ATX Venture Partners: "gigaroo aligns with a long-standing ATX "future of work" thesis and they have a robust platform to help the initial focus areas of both restaurant operators and the transforming talent pool that fills these restaurant positions. Increased talent flexibility, enhanced job satisfaction, improved performance, and reduced attrition are all positive outcomes for gigaroo platform participants. We see the hourly wage, Gen-Z, and skilled labor pools as vital segments of the population long underserved by technology innovators and investors, and COVID raised expectations to a level that gigaroo is matching."