Investment Announcement: Outstaffer Raises $1.5 Million From Leading Australian Venture Capital Investors

We’re pleased to share that we’ve raised $1.5 million in strategic funding from some of Australia’s leading investors, including: 

• Utiliti Ventures
• 1in100 Ventures
• Side Stage Ventures
• Alua Group
• Spring Capital
• Beachhead Ventures
• Mondo Ventures
• John Poynton AO

(You can check out the official press release here). 

How Outstaffer plans to use the additional capital 

As a startup that has self-funded, we plan to use the extra funds to expedite growth and further develop our products and features, including:

• Continuing developing our proprietary SaaS Global Workforce Platform
• Scaling our in-house team
• And expanding our covered countries. 

Our COO, Michael Locaso, led this round and shared, “We are humbled by the faith and belief our investment partners have shown in us and our vision for Outstaffer. Having such esteemed entrepreneurs as our business partners will be extremely valuable as we rapidly navigate the path to our global expansion. We couldn’t be better placed to exploit the significant market opportunity in front of us.”

Sharing his thoughts on this investment, Our Founder and CEO, Thomas Derum, shared, “We’re grateful to our investors for their belief in our vision…Their support will help us continue to fulfill our mission of enabling businesses to overcome the limits of their local talent pool and navigate the bubbling skill shortage crisis by offering a platform that makes it simple and easy to find, hire, pay and equip employees from around the world compliantly.”

Belief from our investors

We’re grateful to our investors and partners for their belief in our mission. Their ability to see the vision and where we’re headed is invaluable for us at this stage. 

Speaking about their co-led investment, Jason Serda of Utiliti Ventures and 1in100 Ventures said, “We are incredibly excited to be on the journey with Outstaffer. They have an amazing tech-enabled platform that has been designed to disrupt how businesses manage remote employees globally. We look forward to supporting and watching Outstaffer do some incredible things globally.”

Another lead investor, Ben Grabiner of Side Stage Ventures, added, “The unprecedented growth in remote work has opened up the global talent pool to local businesses and provided employees from around the world unparalleled employment opportunities. But, it is not without its challenges. Finding, hiring and managing talent abroad, as well as complying with local labour laws, providing employee benefits, and managing physical devices, can be a complex and costly task. We’re excited to back Outstaffer to solve this problem and to help businesses truly unlock the global workforce.”

Plans for the future

With several enterprise customers and plans to prioritize the US market next year, we intend to continue focusing on user experience and innovation while simultaneously adapting to the evolving needs of the globally distributed workforce.

Want to see how our new SaaS Global Workforce Platform can help you find, hire, equip and pay employees from around the world in just a couple of clicks? Schedule your demo today.