HourWork: Raises Additional $2.5M; Series A Round Fund Raise to $12.5M

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

HourWork Raises Additional $2.5M; Series A Round Fund Raise to $12.5M

  • HourWork, a Boston, MA-based SaaS recruitment and retention platform for quick-serve restaurant (QSR) franchise owners, raised $2.5m in additional Series A funding
  • The round was led by MassMutual’s MM Catalyst Fund (MMCF), which joined Morgan Stanley’s Next Level Fund, Positive Sum Ventures, and RelishWorks
  • This new funding complements company’s $10m Series A funding round completed in March and brings the total Series A raise to $12.5m
  • The company intends to use the funds to scale its customer success, sales, and marketing teams
  • The company provides a recruitment and retention platform used by more than 5,000 quick-service restaurant franchises across the United States
  • In addition to the new funding, Carla Harris joins company’s Board of Directors as an observer
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