# Free Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/free-agency

- Industry: Outsourcing
- Headquarters: Sacramento, US
- Website: www.freeagency.com
- Total disclosed funding: $13M
- Latest round: Series A (Dec 13, 2021)
- Investors on record: 9

## About

Founded in 2019 by Alex Rothberg and Sherveen Mashayekhi, and based in California, US, Free Agency, Inc. operates as a recruitment agency that offers free career services to employees. In December 2021, Free Agency, Inc. raised USD 10 million in series A funding by investors Maveron, Palm Tree Crew Investments, thirty5 Ventures, Bloomberg Beta, and Resolute Ventures.

The company provides representation to mid to C-level candidates across product, engineering, marketing, and design by setting up interviews with companies like Snapchat, Coinbase, and Lyft without requiring the clients to send out applications or emails during their job search. the company also allows employers to subscribe to a free service in which Free Agency will share up to five candidates per week with them.

The startup generates revenue by charging a candidate anywhere from 5% to 10% of their first year’s salary. 

Free Agency plans to expand its product and engineering team to build a Career Operating System, a platform where users can look for job search, performance reviews, and compensation benchmarking.

## Funding rounds

- Series A, Dec 13, 2021, $10M — Maveron, Resolute Ventures, Bloomberg Beta, Gaingels, Thirty5 Ventures, Palm Tree Crew Investments
- Seed, Dec 23, 2019, $3M — Ludlow Ventures, Resolute Ventures, Bloomberg Beta, Background Capital, Orrick Herrington & Sutcliffe

## Investors

- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed, Series A
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed, Series A
- Background Capital (https://capitalatlas.ai/funds/background-capital) — Seed
- Orrick Herrington & Sutcliffe — Seed
- Maveron (https://capitalatlas.ai/funds/maveron) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Thirty5 Ventures (https://capitalatlas.ai/funds/thirty5-ventures) — Series A
- Palm Tree Crew Investments (https://capitalatlas.ai/funds/palm-tree-crew-investments) — Series A