Workstream Inc., a startup with a cloud-based hiring platform that helps companies recruit workers faster, has raised $60 million in funding to support growth initiatives.

The San Francisco-based company announced the investment today. The investment was provided as an extension to a $48 million Series B funding round that Workstream announced last year. GGV Capital led Workstream’s latest capital raise with participation from Basis Set Ventures, BOND, Coatue, CRV and Founders Fund.

Workstream offers a hiring platform that companies use to recruit deskless employees, or employees who perform most of their work away from a computer. The startup says that its platform can significantly reduce the amount of manual work involved in the recruiting process.

Workstream’s platform enables hiring managers to automatically upload openings to tens of thousands of job boards. By removing the need to separately place an ad on each job board, the platform promises to save time for recruiting teams. Hiring managers can access candidates’ applications through a mobile app.

Workstream also promises to streamline other parts of the hiring process. According to the startup, its platform enables companies to create software workflows for automating tasks such as sending interview reminders and collecting electronic signatures. Pre-packaged connectors enable hiring teams to sync data generated as part of the recruiting workflow to external human resource management applications.

To help companies optimize their recruiting initiatives, Workstream offers a set of analytics features. The startup says its platform can point out the job boards through which a company is drawing the most applications. Hiring teams can use the information provided by Workstream to optimize job ad spending.

The company says its platform speeds up the hiring process by as much as 70%. The result, it adds, is that companies can fill openings faster while reducing manual work for HR departments.

Workstream also disclosed today that its platform is used by more than 4,000 companies with 24,000 brick-and-mortar locations. The startup’s customer base includes McDonald’s Corp., FedEx Corp. and other major brands.

“With little easing of labor shortages, fierce competition for deskless workers and great demand to fill open spots at lightning speed, the need for our platform is increasing exponentially,” said Workstream co-founder and Chief Executive Officer Desmond Lim.

The startup will use its new funding to expand its presence in the retail, hospitality, healthcare, warehousing and auto markets. To advance the market expansion initiative, Workstream plans to develop new capabilities for its hiring platform. 

Photo: Workstream