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Venture Capital News: Wonolo Raises $2.2M

2015-05-21
SAN FRANCISCO, CA, Wonolo has raised $2.2 million at a valuation of $7.5 million.
According to the WSJ, Wonolo Inc., whose name is short for 'work now locally,' has raised $2.2 million at a valuation of $7.5 million. Wonolo's funding round was led by PivotNorth Capital and includes CrunchFund and Foundry Group in addition to angel investors. Coca-Cola provided a convertible note of $1 million and has provided another note of $700,000 that will convert on the next round.

Backed by The Coca-Cola Company through the Innovation Accelerator program, we were able to get Wonolo off the ground and into market in December 2013 in the San Francisco Bay Area. Our vision is for people to find work whenever, wherever and for whomever they want, and for companies to fill immediate needs with great people doing a great job, all within a moment's notice.
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