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Nowsta Valuation, Funding & Investors
Nowsta is valued at $1.2B as of January 2022.
Last Nowsta valuation
$1.2B
Series B · Jan 2022
Last Nowsta funding round
$35M
Series C · Nov 2023
Cumulative funding Nowsta raised
$87M
across 4 funding rounds
Key investors in Nowsta
Clocktower Technology Ventures
VMG Partners
Green Visor Capital
Tribe Capital
Ulu Ventures
Compound
About Nowsta
Nowsta is a Brooklyn, New York-headquartered software platform founded in 2015 for managing hourly and event-based workforces with scheduling, time tracking, and payment tools. Leveraging machine learning, the service streamlines communication and payroll for employers at nowsta.com.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.2B (Jan 2022)
Nowsta Valuation
Nowsta is currently valued at $1.2B, based on its Series B in January 2022.
The $41M round was led by GreatPoint Ventures, with participation from Compound, VMG Partners, Green Visor Capital, Alpine Meridian, Tribe Capital and 2 other investors.
Nowsta valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series B | $1.2B |
Nowsta Funding History
Nowsta has raised a total of $87M across 4 funding rounds.
Nowsta's first fundraising round was a $3M seed round in May 2017. The most recent completed round was a $35M Series C in November 2023.
Nowsta funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series C | VMG Partners (lead); Builders VC | $35M | - | Nowsta is a workforce management platform that helps companies source, manage, and analyze hourly labor, powering employers in professional sports, hospitality, staffing, and other sectors reliant on flexible workers. Founded in 2015 by Armand Patella and Nicholas Lillios, the company is headquartered in Brooklyn, NY, with offices in Miami, Nashville, and Los Angeles. Its platform enables flexibility for employers and employees in the gig economy, with strategic investments in AI, automation, and Nowsta Staffing Labs to improve efficiency and attract clients. In November 2023, Nowsta raised $35 million in a Series C round led by VMG Partners, with participation from Builders VC and existing investors, bringing total funding to approximately $93 million across multiple rounds. The capital is intended to enhance AI-driven workforce management technology, expand the executive team, and scale operations amid growing demand for contingent workforce solutions, where the U.S. market represents nearly 40% of the total workforce. Nowsta demonstrated rapid growth, scaling ARR from under $1 million to $20 million in less than 24 months and maintaining over 200% YoY growth as of December 2021. It ranked #651 on the 2023 Inc. 5000 list with a three-year revenue growth rate of 900%, reflecting strong performance despite economic challenges like inflation and hiring difficulties. The company's focus on high-growth sectors positions it for continued expansion in the projected $455 billion gig economy by 2025. |
| Jan 2022 | Series B | GreatPoint Ventures (lead); Compound; VMG Partners; Green Visor Capital; Alpine Meridian; Tribe Capital; Rally Ventures; Clocktower Technology Ventures | $41M | $1.2B | Nowsta is a Brooklyn-based technology company providing a cloud-based workforce management platform that combines automated scheduling, real-time analytics, time-tracking, and an on-demand labor marketplace connecting employers to skilled hourly workers from trusted staffing providers. The platform enables companies to build, manage, and deploy hybrid workforces of direct hires and contingent labor, serving large employers in professional sports, hospitality, and staffing like Marriott, Garces, Footers, and Aramark. On January 19, 2022, Nowsta raised $41 million in a Series B funding round led by GreatPoint Ventures, with participation from VMG Catalyst, Rally Ventures, Tribe Capital, and existing investors including Green Visor Capital, Compound Ventures, and Clocktower Technology Ventures, bringing total funding to $59 million. The round valued the company at more than $1.2 billion. Proceeds from the Series B were allocated to scale operations into 25 new U.S. markets, double the team size from around 68 employees, and enhance platform innovation amid a shifting labor market emphasizing hourly and flex work. At the time, Nowsta's technology managed over 300,000 workers monthly across more than 600 employers, with revenue projected to grow 3-5x in 2022. The funding addressed challenges in finding and managing hourly workers, exacerbated by the pandemic, positioning Nowsta to automate and humanize labor management. The investment reflects investor confidence in Nowsta's role in the growing workforce management software market, projected to reach $10.6 billion globally by 2027 at a 7.82% CAGR, driven by adoption in retail, education, healthcare, and other sectors facing labor shortages. GreatPoint Ventures' managing partner highlighted the paradigm shift toward on-demand workforces, underscoring Nowsta's effectiveness in connecting and managing them efficiently. |
| Apr 2019 | Series A | Green Visor Capital (lead); Ulu Ventures; Clocktower Technology Ventures | $8M | - | Nowsta is a Brooklyn-based technology company building operating systems for gig workforces. In April 2019, the company raised $8.1 million in Series A funding led by Green Visor Capital to accelerate product development and expand its customer base. |
| May 2017 | Seed | Runway Venture Partners; Flat World Partners; Anna-Marie Wascher; Jonathan Keidan | $3M | - | - |
Who has invested in Nowsta?
14 investors have backed Nowsta across its funding rounds, including Clocktower Technology Ventures, VMG Partners, Green Visor Capital, Tribe Capital, Ulu Ventures and Compound.
Lead investors include VMG Partners, GreatPoint Ventures and Green Visor Capital.
Nowsta Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2022 | ||
| 2 | Lead | Apr 2019 | ||
| 2 | Participant | Apr 2019 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | May 2017 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | May 2017 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | May 2017 | ||
| 1 | Participant | May 2017 | ||
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Start Free TrialNowsta Competitors
Nowsta competitors include listed companies like Freee and ATOSS Software, and private ones like Creatio, Employment Hero, Gem and Oyster.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | $213M | - | $1.2B | 5.6x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x | ||
| Publicly listed | $218M | $84M | $1.7B | 6.4x |
Nowsta Public Comps
Nowsta is still privately-owned, but its public comps include Freee, ATOSS Software, Hilan, Teamshares, Nordtech Group, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software and DHI Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $218M | $84M | 7.0x | 6.4x | 18.2x | 17.1x | |||
| $993M | $154M | 1.8x | - | 11.9x | - | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $72M | $13M | 2.5x | 2.4x | 14.1x | 8.9x | |||
| $165M | $2M | 0.3x | 0.3x | 22.3x | 5.2x | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
This data is available for Pro users. Sign up to see all Nowsta competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nowsta
| When was Nowsta founded? | Nowsta was founded in 2015. |
| Where is Nowsta headquartered? | Nowsta is headquartered in New York City, NY, United States. |
| Is Nowsta publicly listed? | No, Nowsta is a private, VC-backed company. |
| What is Nowsta's valuation? | Nowsta was last valued at $1.2B in its Series B in January 2022. |
| How much funding has Nowsta raised? | Nowsta has raised $87M across 4 funding rounds. |
| What was Nowsta's last funding round? | Nowsta's last funding round was a $35M Series C in November 2023, led by VMG Partners. |
| Who are Nowsta's investors? | Nowsta's investors include VMG Partners, Green Visor Capital, Clocktower Technology Ventures, Compound, GreatPoint Ventures, Runway Venture Partners, Ulu Ventures, Flat World Partners, Alpine Meridian, Tribe Capital and 4 others. |
| Which companies are comparable to Nowsta? | Companies comparable to Nowsta include Creatio, Employment Hero, Gem, Oyster, Freee and ATOSS Software. |
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