Dealflow | June 18, 2020

Gig-worker platform Steady secures $15 million to expand pandemic support

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 29 – Atlanta-based Steady set out to be a one-stop shop to improve the financial health of U.S. gig workers, by posting jobs, offering financial tips, providing telemedicine and, now, making emergency grants to weather the COVID shutdowns.

Among Steady’s two million members, the pandemic has hit Black members hardest, said Steady CEO Adam Roseman. “We are focused on delivering immediate and measurable economic value to our members during these unbelievably traumatic times.”

The company’s Series B round was backed by Recruit Strategic Partners, Flourish Ventures, Loeb Enterprises, Propel Venture Partners and CMFG Ventures.

Propel invested in the company’s $9 million round two years ago alongside Omidyar Network and ex-NBA star Shaquille O’Neal.