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Polywork lands $28 million more to add hyphens to your job title

 2 years ago
source link: https://finance.yahoo.com/news/polywork-lands-28-million-more-183628796.html
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Polywork lands $28 million more to add hyphens to your job title

Natasha Mascarenhas
Fri, September 16, 2022, 3:36 AM·4 min read

Stop trying to make Polywork happen. It's already happening. You may even be polyworking as you read this.

Polywork is a venture-backed startup that is building a professional network to help people express their multi-hyphenated work lives. In other words, if you’re a reporter, who also podcasts, wants to write a book and would love to one day help teach at a university, Polywork wants to give you, well me in this case, a place to express that. And according to CEO and founder Peter Johnston, the name purposefully sounds like a verb “that kind of works.”

Polywork announced today that it has raised a $28 million in Series B funding co-led by former GitHub CEO Nat Friedman and Caffeinated Capital. Other investors also participated in the round, including Instacart CEO Fidji Simo and the founders of Instacart, Stripe, Lyft, Clubhouse, Lattice, Minted and Divvy Homes. Andreessen Horowitz, which led Polywork’s $13 million Series A financing also participated in the round but did not lead.

The round marks Polywork’s official launch out of private beta. And while Polywork founder and CEO Peter Johnston declined to share specific user numbers, beyond the fact that they’re growing, it shows confidence in the platform’s ability to provide a spot for users to express themselves.

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Image Credit: Polywork

In other words, the startup believes it has found product-market fit. Since first launching, Polywork tracked who signed up to better understand what they want to do — beyond self expression — once they got to the website. The call to action, Johnston explains, soon became helping people find opportunities to collaborate with each other.

“If LinkedIn is a network for full-time opportunities, we’re sort of the network for collaboration opportunities,” he added.

Not all features will be open to the public. For example, Polywork is launching Clubs into private beta, a dedicated group space designed to help people collaborate. Think of a group of people brought together by a badge-based entry and proof of experience. Per Polywork, there will be a moderator that facilitates collaboration in the groups.


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