Better Ventures Leads Seed Round in Localwise
We are pleased to announce our seed investment in Localwise, a Berkeley-based startup that connects local businesses with local workers. The company is building a technology-driven employment marketplace that is based on trust, which is a missing component in many of the leading jobs platforms including Craiglist. Localwise's DNA is local, and they are combining their local focus with social features such as employee references to build a better jobs platform that is a delight to use and results in better hiring outcomes. The company offers tiered pricing models for employers depending on size and hiring needs. Better Ventures led Localwise's seed round, with participation from Bee Partners and a number of angel investors.
Localwise is backed by all-star co-founders Ben Hamlin (CEO) and Maya Tobias (COO), who were classmates at Berkeley's Haas School of Business when they came up with the vision for Localwise. After launching a successful MVP, they joined forces with experienced technologist Tim Gerk (CTO) to jumpstart the next version of the product, which will include social features. We initially met Ben and Maya about one year ago through our PreSeed program, and we were immediately impressed by their vision and passion for the Work Local Movement. They've made tremendous progress since then, with 30%+ monthly growth in job applications and 40%+ monthly growth in job postings. We're excited about Localwise's potential to build a better jobs platform that both delights customers and results in high quality job creation. If you're in the market to hire or looking for a job, we highly recommend checking out Localwise!