# Hyr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyr

- Industry: Software
- Headquarters: New York, US
- Website: www.usehyr.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Jan 17, 2018)
- Investors on record: 5

## About

Hyr Inc. provides a user-friendly staffing solution that enables businesses to efficiently recruit temporary staff in sectors such as restaurants, events, and retail. Their mobile app simplifies the hiring process, ensuring quick staffing solutions for operational needs.Founded in 2015 and headquartered in New York, US, Hyr Inc. specializes in staffing services that connect businesses with temporary staff. The company has secured a total of 2 deals, with the most recent funding round occurring on January 17, 2018. Hyr Inc. raised USD 1.3 million in Seed funding led by Flybridge Capital Partners, with participation from Gaingels Syndicate, Newark Venture Partners, and XFactor Ventures. The founders of Hyr Inc. include Erika Mozes, Joshua Karam, and Meghann Cook, with Joshua Karam serving as the current CEO.Hyr offers a streamlined staffing solution that enables businesses to quickly find and hire temporary staff across three primary sectors: restaurants, events, and retail. The core service allows companies to post available shifts on a mobile application, specifying their needs, including location and pay rate. Once a shift is posted, businesses receive applications from qualified candidates, known as HYR Pros, enabling them to select the best fit for their operational requirements. This service addresses staffing shortages by facilitating rapid recruitment and ensuring timely coverage for shifts. Hyr's client base includes a diverse range of businesses that require flexible staffing solutions, and its offerings are utilized in major urban markets across the United States and Canada, catering to both large enterprises and smaller establishments.Hyr generates revenue through a transaction-based model wherein companies pay for the staffing services rendered via the app. Businesses utilize the platform to post shifts and incur costs associated with each hire made through the service. Payment is securely processed within the app, typically involving a fee per shift filled. This model allows for a dynamic pricing strategy that can adapt to various client needs and shift requirements. Additionally, Hyr encourages user engagement through a points system, allowing staff to earn UPoints for each shift they work, which can be redeemed for benefits like paid days off, further enhancing the value proposition for both employers and employees.In January 2018, Hyr Inc. raised USD 1.3 million in Seed funding, which will be utilized to enhance the platform's technology and expand its market presence. The company intends to develop new features for its mobile app to improve user experience and engagement. Hyr also plans to target expansion into additional urban markets within the US and Canada to broaden its reach and service offerings. The funding will support these initiatives, allowing for strategic growth and the introduction of innovative services that meet the evolving needs of their clients.

## Funding rounds

- Seed, Jan 17, 2018, $1.3M — Flybridge Capital Partners, NVP Capital, Gaingels, XFactor Ventures
- Angel, Feb 25, 2016, $1.1M — Social Starts, Gaingels

## Investors

- Social Starts (https://capitalatlas.ai/funds/social-starts) — Angel
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Angel, Seed
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed
- NVP Capital — Seed
- XFactor Ventures (https://capitalatlas.ai/funds/xfactor-ventures) — Seed