# Solo Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solo-technologies

- Industry: Internet
- Headquarters: Seattle, US
- Website: www.worksolo.com
- Total disclosed funding: $5.3M
- Latest round: Seed (Aug 30, 2021)
- Investors on record: 5

## About

Solo Technologies, Inc. is a tech company focused on enhancing the gig economy by providing tools that optimize earnings and streamline job management for independent workers.Solo Technologies, Inc. was founded in 2020 and is headquartered in Seattle, US. The company specializes in solutions for independent workers navigating the gig economy. Co-founders Bryce Bennett and Keith Ng have a history of innovating within technology-focused ventures. In August 2021, Solo Technologies raised USD 5.3 mn in Seed funding, led by Slow Ventures, with participation from investors such as Expa, Red Sea Ventures, Fuse, and Ascend. This funding round represents the total amount raised by the company to date.Solo Technologies, Inc. specializes in providing solutions tailored to the gig economy, focusing on independent workers seeking flexibility and earnings optimization. The company’s core product offering includes a platform that enables gig workers to link their accounts across various freelance job sites, streamlining their access to job opportunities and facilitating daily pay guarantees. This service addresses the challenges of unpredictability in gig work, catering primarily to freelancers, contractors, and independent workers in North America and Europe. By centralizing job management and payment processes, Solo empowers users to maximize their earnings while minimizing stress, ensuring a user-friendly experience.Solo Technologies generates revenue through a subscription-based model, allowing users to access premium features and daily pay guarantees. Clients typically engage with the platform on a monthly or annual basis, providing a steady income stream for the company. The structure of transactions involves direct interactions between the firm and its end users, primarily independent workers looking for efficient management of their gig work. Key services associated with the revenue model include account linking and daily pay guarantees, which enhance the overall value proposition for users. While specific pricing plans are not disclosed, the subscription framework supports sustained user engagement and retention in a competitive market.In August 2021, Solo Technologies, Inc. raised USD 5.3 mn in Seed funding led by Slow Ventures. The company will utilize this funding to fuel its ongoing development and go-to-market efforts. Future products are in the works to enhance the user experience further. Solo plans to expand its services into additional markets in North America and Europe by 2023, targeting regions with a high density of gig workers. The funding will support these initiatives to solidify the company’s position in the evolving gig economy.

## Funding rounds

- Seed, Aug 30, 2021, $5.3M — Slow, Expa, Red Sea Ventures, Ascend Partners, FUSE

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed
- Expa (https://capitalatlas.ai/funds/expa) — Seed
- Red Sea Ventures (https://capitalatlas.ai/funds/red-sea-ventures) — Seed
- Ascend Partners (https://capitalatlas.ai/funds/ascend-partners) — Seed
- FUSE (https://capitalatlas.ai/funds/fuse) — Seed