Staffly, a crowdsourced staffing service connecting retailers with prospective retail associates, has secured a $1.25 million Series Seed 2 funding round led by ff Venture Capital. Existing shareholder investors participating in the round include LionBird, Three Fish Capital and WS Ventures. With the latest investment, total funding for Staffly since its launch tops $2 million.
With the financing round, Staffly will continue to build out its product and engineering team, enhance its platform and prepare for expansion. Recently, Staffly appointed Humberto Reyes as Head of Product and Engineering. He has held engineering positions at a variety of startups including Boomity, Smaarts and eVine.
Staffly’s service is designed to ease retailers’ frustrations with unexpected turnover and last-minute absenteeism. The company helps retailers plan for peak hours without having to commit to payroll for workers they may not need. With Staffly, retailers can instantly engage W2-eligible retail workers via a text message.
Advertisement
The service handles the responsibilities of interviewing, background checks, training, payroll, workers’ comp, insurance and taxes. Staffers can have a flexible schedule and can work with multiple retailers to meet their financial objectives.
“We founded Staffly to solve retailers’ number one problem: part-time employee attrition has historically been an atrocious 70% annually,” said Marissa Ovick, Co-Founder and COO at Staffly. “We’ve done a lot of research to understand why this occurs, and the root issue is that typical part-time employees want to work 25 hours a week and demand a flexible schedule. Retailers need two times more staff for peak hours, but are only giving their part-time employees 10 to 15 hours a week with a fixed schedule, leading to high attrition rates.”
On top of the funding, John Frankel, a founding partner at ff Venture Capital, will join the Staffly Board of Directors.
“Staffly has found a really amazing opportunity in the temporary employment space that is not being currently addressed,” said Frankel in a statement. “They have the means to be material contributors to the bottom lines of the retailers they serve as well as providing meaningful employment to young adults that are looking for temporary employment.”
