Solvate, a micro-staffing firm that helps business owners and executives to delegate their work, has raised USD2.3m in series A financing from DFJ Gotham and RRE Ventures.
"Solvate makes it easy for companies to tap into a pool of experts with experience that is relevant to their business, so they can focus on priority tasks," says Michael Paolucci, co-founder and chief executive. "Businesses are already used to buying software as a service. Now they can buy staffing as a service, even in small quantities, when they need it."
Unlike traditional staffing firms, Solvate provides pay-as-you-go support services to companies and executives seeking additional help without the overhead costs or management headache.
DFJ Gotham and RRE Ventures led the round, with Thatcher Bell, principal at DFJ Gotham, and Eric Wiesen, principle at RRE Ventures, joining the board of directors.
"Since we funded Solvate a year ago through our Gotham Alpha seed programme, we have continued to be impressed as the company has evolved its business plan, built out its team and technology platform, and landed a growing base of very enthusiastic customers," says Bell.
