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Gig firms announce investments

Gig firms announce investments

November 16, 2018

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PICKUP, a human cloud provider of last-mile delivery services, closed a $5 million funding round and mobile workforce management platform Shyft Technologies raised $6.5 million in Series A funding.

PICKUP’s funding round was led by TDF Ventures and Noro-Moseley Partners; Engage, an Atlanta-based venture fund, also participated in the round. The funds will be used to accelerate market expansion, grow the product platform and add staffing in key areas.

The Dallas-based company’s gig platform enables drivers - dubbed “Good Guys” and comprising a “significant” number of veterans - to deliver oversized retail items, according to Darren Waxman, whose title is “chief customer guy.” PICKUP contracts with national retail brands to provide one-hour delivery of items over 50 pounds to locations within 50 miles of the initial location. Typical items include furniture, mattresses and appliances.

Founded in 2014 by Brenda Stoner, PICKUP now operates in 26 markets nationwide and plans to expand to most major metro markets.

Shyft Technologies’ recent funding round, led by Ignition Partners and Madrona Venture Group, brings the company’s total funding to $8 million. Bob Kelly, managing partner of Ignition Partners, and S. Somasegar, managing director of Madrona Venture Group, will join Shyft’s board of directors as part of this round.

Shyft’s app enables retail and service workers to swap shifts, message each other, and pick up available shifts. Its workforce management tools also include employee scheduling and related task management.

This new capital will be used to further product development and innovation.

Shyft’s mobile workforce management platform for Gap Inc., whose brands include Old Navy, Gap, Banana Republic, and Athleta, in addition to other retail and service establishments that are both wholly owned and franchise-based.

“Shyft’s mobile platform is in high demand from global brands and associates to solve their scheduling challenges,” said Shyft Co-founder and CEO Brett Patrontasch. “Antiquated methods such as social media groups, text messages and phone lists aren’t keeping up with today’s hyperconnected workforce.”