# Qwick

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

- Industry: Consumer Services
- Headquarters: Scottsdale, US
- Website: www.qwick.com
- Total disclosed funding: $55M
- Latest round: Series B (Nov 1, 2022)
- Investors on record: 8

## About

Qwick, Inc. is a hospitality staffing and gig platform that connects businesses with experienced professionals in the hospitality industry, streamlining the hiring process.Founded in 2017 and headquartered in Scottsdale, US, Qwick, Inc. operates as a hospitality staffing platform, facilitating connections between local businesses and vetted professionals. The company has not mentioned any pivots in strategy or subsidiaries. The founders, Jamie Baxter, John Loeffler, and Stephan Reichenberger, have backgrounds in hospitality and technology. Qwick raised USD 40 mn in Series B funding on November 1, 2022, led by Tritium Partners with participation from Album VC, Desert Angels, Kickstart Capital, and Revolution Ventures. This funding round brought the total amount raised to USD 40 mn and a current valuation of USD 144.19 mn.Qwick operates a hospitality staffing and gig platform designed to connect businesses in the hospitality industry with vetted professionals who possess at least one year of experience. The core offering of Qwick is its matching algorithm, which efficiently pairs the right skill set to specific shifts requested by businesses, streamlining the staffing process. The platform also features a two-way rating system that enables high-quality professionals to gain visibility and recognition. Qwick serves a diverse client base, including over 6,000 businesses ranging from event agencies to independent living communities, across 24 markets in the United States such as Nashville, Jacksonville, and Los Angeles. By providing a flexible staffing solution without traditional buyout fees, Qwick enhances operational efficiency for its clients while allowing professionals to choose shifts that accommodate their personal schedules.The revenue model for Qwick is primarily based on transaction fees associated with staffing services provided to businesses in the hospitality sector. Clients post shifts on the platform, and Qwick matches these shifts with qualified professionals, facilitating a seamless hiring experience. This model allows for direct transactions between Qwick and businesses, with the potential for ongoing partnerships as companies seek to fill shifts regularly. Revenue is generated through these transactional interactions, leveraging the platform's efficiency and reliability. While specific pricing structures for individual services are not disclosed, the company emphasizes the cost-effectiveness of its offerings compared to traditional temporary staffing agencies. The flexibility of hiring without a conversion fee further incentivizes businesses to engage with Qwick for long-term staffing solutions.In November 2022, Qwick, Inc. raised USD 40 mn in Series B funding, which will be utilized to grow its team, partnerships, and business reach. The company aims to expand into additional markets across the United States, enhancing its operational capacity and service availability. Specific new products are currently in the design phase, although release dates have not been disclosed. The funding will aid in supporting these initiatives, allowing the company to strengthen its staffing platform and broaden its client base.

## Funding rounds

- Series B, Nov 1, 2022, $40M — Kickstart, Revolution Ventures, Desert Angels, Album VC, Tritium Partners
- Series A, Jun 1, 2021, $10M — Kickstart
- Seed, Mar 20, 2019, $3.5M — Revolution Ventures, Desert Angels, Album VC, UAventure Capital
- Seed, Nov 13, 2018, $1.3M — Revolution Ventures, XG Ventures, Desert Angels, Album VC, UAventure Capital, Karman Ventures

## Investors

- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Seed, Series B
- XG Ventures (https://capitalatlas.ai/funds/xg-ventures) — Seed
- Desert Angels (https://capitalatlas.ai/funds/desert-angels) — Seed, Series B
- Album VC (https://capitalatlas.ai/funds/album-vc) — Seed, Series B
- UAventure Capital — Seed
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Seed
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Series A, Series B
- Tritium Partners (https://capitalatlas.ai/funds/tritium-partners) — Series B