Wonolo receives $13m round of financing
On-demand staffing platform Wonolo has receieved a $13m round of financing. The Series B gives the San Francisco-based start-up a new infusion of cash. Notably, it also marks the first “public” investment led by Sequoia Capital’s Jess Lee (the investor has led a couple of other rounds of financing, but those companies are still in stealth mode).
Lee joined Silicon Valley venture firm Sequoia Capital as its first female investing partner in the US in late 2016. Before that, she spent her career mostly on the consumer side of tech, building and then selling fashion search engine Polyvore to Yahoo in 2015.
While the Wonolo investment seems like a departure from her former area of focus, Lee says she was drawn to the start-up’s founders because of their “grit and capital efficiency.” She was also attracted by the growing opportunities in the overall “future of work” category, and believes there is plenty of room for innovation in this space.
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