A platform for the supply chain’s workforce acquisition and retention called WorkStep, situated in San Francisco, California, has acquired $25 million in Series B funding.
With this round, NewRoad Capital Partners raised a total of $42 million. Prologis Ventures, FirstMark Capital, Social Capital, Quiet Capital, Latitude Ventures, and Engage VC also participated.
The business plans to use the money to expand its platform, expand its staff, and assist more hourly workers in locating fulfilling employment prospects.
WorkStep, led by co-founder and CEO Dan Johnston, helps businesses to employ candidates that better meet their needs by utilising its talent network of more than a million supply chain workers. With the help of the company’s RETAIN solution, businesses can engage frontline staff on a large scale, pinpoint the causes of turnover, and implement changes that will improve retention and performance. Companies including NFI, Westrock, and Kroger use the platform.
