WICHITA, Kan., Nov. 7, 2022 – WorkTorch, a rapidly developing service sector employment platform, has announced a USD 2.2 million seed round headed by Wichita, Kansas-based Tenzing Capital. This cash boost comes as October employment figures reveal that individuals leave their jobs quicker than they are being hired.
The firm recently renamed QuickHire to WorkTorch to promote its additional capabilities, including cutting-edge recruitment and retention tools for hiring managers and career resources for workers in the service sector. This fresh investment round will enable WorkTorch to expand into numerous more locations in need of service sector workers, including Chicago, Illinois; Denver, Colorado; Kansas City, Kansas, and Missouri; Dallas, Texas; Nashville, Tennessee; and Atlanta, Georgia.
WorkTorch now has over 40,000 service sector candidates actively seeking work. To date, one out of every three WorkTorch candidates is hired – and remains three times longer than the typical employee in the United States. WorkTorch intends to expand its platform with skilled-labor verticals shortly.
WorkTorch platform usage has increased significantly since its inception in April 2021, with upwards of 1,000 booked interviews each month. WorkTorch now has over 60 paying corporate clients (ranging from mid-sized to national service organizations such as Dunkin’ Donuts and Homewood Suites by Hilton) that utilize the platform to fill available positions around the country.
Tenzing Capital’s Founder and General Partner, Josh Oeding, states:
“Tenzing Capital focuses on identifying and assisting go-to-market accelerated startups. We are investing in WorkTorch for the second time. The WorkTorch team is tackling internal development and operational difficulties with zeal – while cultivating long-term business client connections that add value to this critical area.”
More about the startup:
MATH Venture Partners, Sandalphon Capital, KCRise Fund, Sixty8 Capital, Ruthless for Good Fund (RFG Fund), Revolution’s Rise of the Rest Seed Fund, and angel investor Gene Camarena are among the existing investors in this round, which also includes new investments from Bloomberg Beta, Graham & Walker Venture Fund, GROWKS, New Community Transformation Fund – Denver, Mid America Angels and Women’s Capital Connection Network, and angel investor Jennifer Risher.
Job searchers can use WorkTorch.com for free. Business plans begin at $199 per job listing each month. All payment tiers include job advertising, candidate screenings, scheduling features, candidate matching, talent management tools, and other benefits. WorkTorch is headquartered in Wichita, Kansas.
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