Graphite Solutions, Inc. announced the completion of a $15 million equity raise to scale its sales, marketing, recruitment, customer success and product development efforts. Graphite is a leading technology platform that helps enterprise companies find, hire and manage skilled remote consultants on-demand.
This oversubscribed round was led by Valor Siren Ventures, with significant participation from existing investors Communitas Capital Partners, Accomplice, Alumni Ventures Group and Cianna Capital. The round brings Graphite’s total funding to more than $20 million.
Graphite is at the forefront of a major shift in the global workforce towards remote on-demand work, a trend that was accelerated by the COVID-19 pandemic. Graphite’s two-sided technology platform enables enterprise companies to hire skilled independent consultants to address capacity and capability gaps on their teams.
Customers turn to Graphite for a technology-driven solution that is faster, more targeted and more flexible than traditional recruiting channels in an increasingly tight labor market. Knowledge workers are choosing Graphite for the exclusivity of its network, unparalleled access to high-paying, high quality client projects, a streamlined billing/invoicing/payment process and proprietary software that helps manage their complex client relationships.
The funds will primarily be used to scale the company’s go-to-market and product development teams.