WorkStep announced a $25 million funding round while cannabis jobs platform Vangst announced a $19 million round. Also in this roundup, financial technology platform FundThrough acquired the business factoring operations of BlueVine.

WorkStep

WorkStep announced a $25 million Series B funding round led by NewRoad Capital Partners.  

The San Francisco-based company was founded in 2017 and matches workers with jobs, provides automated interview scheduling and has a tool for employee surveys to measure engagement. It focuses on positions in warehouse, production, trucking and skilled trades.

“WorkStep is uniquely positioned to address the talent shortage at scale by radically improving how enterprises source, engage and invest in frontline workers,” said Chris Sultemeier, operating partner at NewRoad and former executive VP of logistics at Walmart.

WorkStep had announced a Series A round in February 2021.

Vangst

Vangst, a Denver-based cannabis jobs platform, announced a $19 million funding round, Forbes reported.

The round was led by Level One Fund with participation from previous investors. It providers workers on a W-2 and independent contractor basis.

Vangst was founded in 2016 by Karson Humiston and raised $10 million in a Series A round in January 2019, according to Built in Colorado. Vangst currently works with 1,200 cannabis companies.

FundThrough

FundThrough, a financial technology platform based in Toronto, acquired the invoice factoring business of BlueVine, a financial services provider based in Redwood City, California.

“BlueVine was one of our biggest competitors in the US market, and through this acquisition we can fulfill our mission on a much larger scale,” said Steven Uster, co-founder and CEO of FundThrough.

FundThrough provides factoring funding to staffing firms and companies in other industries.