Source: PR Newswire
Wingspan, the modern payroll platform purpose-built for contractor management, announced that it has raised $24 million in Series B funding led by Touring Capital, bringing its total capital raised to $54 million. Existing investors Andreessen Horowitz, Long Journey Ventures, Distributed Ventures, Company Ventures, and 186 Ventures also participated.
“From day one, we knew the real problem existed at the intersection of company and contractor. We strategically started by building for freelancers—learning their pain points around income, benefits, and taxes—then leveraged those insights to create the comprehensive platform that businesses desperately need. We’ve now completed the circle with the only solution that truly works for both sides,” said Anthony Mironov, Co-founder and CEO of Wingspan. “The workforce composition is changing, and platforms that plan for this shift now will be well-positioned for the long haul.”
“Wingspan Embed fundamentally changes what HR platforms can offer their customers. Instead of forcing businesses to juggle multiple systems, they can now manage their entire contingent workforce where they already work,” continued Mironov. “This funding accelerates our ability to help HR platforms unlock new revenue streams, reduce customer churn, and handle compliance complexities that have held them back from serving the contractor economy.”
The funding will accelerate Wingspan Embed’s adoption across HCM and HR platforms while expanding the company’s footprint in key verticals—healthcare, insurance, staffing, and professional services—where flexible workforces dominate. Wingspan will continue to invest in its world-class team while launching AI-powered products that apply the latest advances in AI technology to automate contractor compliance, streamline payments, and solve the complex challenges of managing flexible workforces at scale in ways that were never possible before.
Read the full article: https://www.prnewswire.com/news-releases/wingspan-raises-24m-series-b-to-scale-embedded-contractor-management-and-capture-1-4t-market-302515380.html
