Rig Up, an online talent marketplace that connects oilfield workers who are looking for a job with oil and gas companies, recently announced it had raised $60 million in VC funding.
The company was founded in 2014 and it pre-qualifies contract oilfield workers and helps them find gigs quickly and easily with energy firms.
Thanks to fracking, U.S. oil and gas production has been growing steadily for the last decade, with oil production at an all time high.
This is leading to strong demand for oilfield workers.
Rig Up's gig marketplace helps oilfield services firms find and hire workers quickly while tracking contractor compliance and minimizing administrative work.
Consumer oriented Gig platforms like Uber, Airnbnb and Lyft tend to get all the media attention.
But B2B specialty platform targeting industry niches (like oilfield services) and/or professions (like legal or accounting) are rapidly growing in number, scope and scale.
Another example is Jyve, a gig platform that connects workers with retail work.
Jyve just came out of stealth mode with their announcement they've raised $35 million. They claim to already be supplying contract talent to 4,000 stores.
At this point there are many B2B gig platforms that are as large or even larger than Uber in terms of the number of gig workers working through them (but an important caveat is they are not nearly as large in terms of gross revenue generated).
So when you think gig economy, you need to think way beyond the consumer space.
from Small Business Labs http://bit.ly/2RA0XxO
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