Gigwalk completes $10 million in Series B funding

 
March 21, 2014

Gigwalk, a software platform for consumer brands that delivers local visibility of in-store conditions, has announced significant company growth with the completion of its Series B financing. In addition, Gigwalk hit what it says is a key milestone, surpassing 500,000 mobile-enabled independent contractors, also known as Gigwalkers, who can be deployed to any location, delivering real-time on-the-ground visibility.

According to the company, the $10 million round led by Nokia Growth Partners (NGP) also included new investor Randstad Holding nv and existing investors August Capital, Harrison Metal and SoftTech. Paul Asel of NGP has joined Gigwalk's board. The funding will be used to further develop and scale Gigwalk's software platform, expand partnerships with consumer brands and retailers, as well as support company growth and hiring.

"NGP is excited to invest in Gigwalk as they are disrupting how enterprises get local work done. The company's robust technology platform and massive Gigwalker network is changing the speed, cost and effectiveness of doing distributed local work," said Paul Asel, Managing Partner at NGP. "Gigwalk has a capable, visionary team that can deliver on this disruptive opportunity."

Amsterdam-based, Randstad Holding nv, the world's second largest human resources service provider, joined the round under their just-launched Randstad Innovation Fund.

Gigwalk provides a software platform that is built to eliminate blind spots in trade spend, product distribution and in-store merchandising. Harnessing the power of on-demand mobile workers, the company said it finds and fixes problems in stores, delivering measurable ROI for customers like Frito Lay, Microsoft, Reckitt Benckiser, 7-Eleven and more.


Topics: Merchandising , Point-of-Purchase / POP , Technology


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