blog

Jyve raises $35 million to connect gig economy workers with brick-and-mortar retailers

Written by CRETech | Jan 25, 2019 1:25:59 PM

The so-called gig economy shows no signs of slowing — in fact, the opposite is likely true. According to a recent Gallup poll, roughly 57 million people in the U.S. — 29 percent of the country’s workers — have an “alternative work arrangement” as their primary jobs. And by 2020, some firms are forecasting that over 40 percent of the U.S. workforce will opt for contract work instead of full-time jobs.

Jyve, which emerged from stealth today, aims to bridge the gap between those workers and prospective employers. Specifically, it connects folks seeking short-term work with companies in need of extra hands, and it’s been doing so pretty successfully — bookings from grocer, brand, and retailer customers reached $400 million in the three years since its founding.