Outstaffer, a Melbourne, Australia-based HR tech platform that assists businesses in finding, hiring, equipping, and paying staff, has secured $1.5 million in its first external funding round.
SaaS Investors
The round was co-led by the startup’s new chief operating officer, Michael Locaso (formerly COO of Listing Loop), with Utilities Ventures, 1in100 Ventures, and Side Stage Ventures. Other VCs chipped in, including Beachhead and Mondo Ventures, along with Alua Group, Spring Capital, and Perth corporate advisor John Poynton.
Michael Locaso is a Chief Operating Officer and co-owner at Outstaffer.com
Utility Ventures is a company that focuses on investing in and guiding tech startups, operating within the investment and technology sectors.
1in100 Ventures is a venture capital firm. It aims to help founders with sales, strategy, revenue growth, and success. The company is based in Sydney, Australia.
Founded in 2022, Side Stage Ventures is a venture capital firm based in Melbourn, Australia. The firm prefers to invest in early-stage companies and start-ups based in Australia.
Outstaffer Use of Funds
The funding will be used for product development, feature expansion, team growth, and international expansion, with a priority on entering the US market in 2024.
About Outstaffer
Outstaffer is a SaaS global workforce platform. Its platform enables companies to access a global talent pool, scale remote and distributed teams, ensure compliance, and manage devices and employee benefits. Its mission is to enable companies to overcome the limits of their local talent pool by building software that makes it amazingly simple to find, hire, pay, and equip global talent across borders compliantly.
Funding Details
Company: Outstaffer Pty Ltd.
Raised: $1.5M
Round: Unknown
Funding Month: October 2023
Lead Investors: Michael Locaso, Utiliti Ventures, 1in100 Ventures and Side Stage
Additional Investors: Beachhead, Mondo Ventures, Alua Group, Spring Capital, Poynton
Company Website: https://www.outstaffer.com/
Software Category: Workforce Platform
Source: https://www.startupdaily.net/topic/funding/hr-and-outsourcing-startup-outstaffer-lands-1-5-million-in-first-raise/