Flexible workforce app Utmost raises $11.2m

Ben Heathcote

In App Deals. October 11, 2019

Utmost, the HR and workforce management app for gig economy workers, has raised $11.2 million. The Series A funding round was led by venture capital firm Greylock Partners, according to Reuters.

The deal was confirmed in a blog post written by Sarah Guo, partner at Greylock. Guo said that she and partner Saam Motamedi have joined Utmost’s board alongside Mike Stankey, vice chairman and former president and COO of Workday.

The Utmost app helps large companies manage contract workers. It helps facilitate several HR services, such as on-boarding, pay and benefits.

Sarah Guo wrote:

“Systems and tools (or lack thereof) determine organizational architecture, and we think a modern system for the extended workforce is missing. It’s a huge opportunity for Utmost, and we strongly believe this is the best team to deliver on that opportunity.

“Their early customers validate that. But we also think the opportunity is bigger, and better for all, if that system is designed for the worker, too — a core principle for Utmost, expressed in better workflows, direct tools and services, and a data model built for worker privacy and transparency.”