Nowsta

Workforce management solutions for gig economy

New York City, New York, United States

About Nowsta

Nowsta provides workforce management solutions specifically designed for businesses that employ hourly and gig workers, such as those in catering, events, hospitality, and retail. The company offers a software-as-a-service (SaaS) platform that allows managers to efficiently schedule shifts, track employee hours, and manage payroll. This platform includes features like predictive scheduling to help businesses comply with labor laws and ensure fair workweeks for employees. Nowsta primarily serves small to medium-sized businesses that face challenges in managing a fluctuating workforce, especially during busy periods. By using Nowsta's platform, these businesses can reduce administrative tasks, enhance employee productivity, and maintain compliance with labor regulations. The company generates revenue through subscription fees and may offer additional premium features for a fee, providing a stable income stream that supports ongoing improvements to their services.

New York City, New YorkHeadquarters
2015Year Founded
$116.2MTotal Funding
SERIES_CCompany Stage
Consulting, Enterprise SoftwareIndustries
51-200Employees

Benefits

100% Employer Paid Health Care, Including Dental and Vision
401k
Work From Home Flexibility
Unlimited Paid Time Off

Risks

Emerging competitors offer similar features at lower costs, threatening market share.
Rapid AI evolution may require significant investment to maintain industry standards.
Economic downturns could reduce spending on SaaS platforms, impacting revenue.

Differentiation

Nowsta integrates AI-driven predictive analytics for enhanced scheduling accuracy.
The platform offers digital payment solutions tailored for gig workers.
Nowsta's SaaS model ensures compliance with labor laws and regulations.

Upsides

Increased demand for flexible work arrangements boosts Nowsta's platform adoption.
Expansion of the gig economy into new sectors offers client base diversification.
Recent $35M Series C funding supports Nowsta's growth and innovation.

Funding

Total raised$116.17 M
Latest valuation$205.00 M
StageSERIES_C
SERIES C
10/31/2023
$35
$205.00 M
$35
$175.00 M
DEBT
1/31/2018
$1