YellowBird, an EHS and risk management technology platform, has raised $6.25m in an oversubscribed seed round.
The funding round was led by Rebalance Capital and Manifold Group, and joined by QBE, Nationwide’s Venture Cap.
YellowBird is a comprehensive EHS and Risk Management platform that aims to simplify the complex and fragmented world of safety and loss control management.
The company said it has grown exponentially in the past two years, with sourced jobs in 42 states. YellowBird has achieved 2x year-over-year revenue and supply growth two years in a row with Environmental, Health and Safety (EHS) professional flex workers.
The risk management’s platform customer list features Fortune 100 companies, including Nationwide and QBE Insurance, along with major brands in manufacturing, construction and energy.
According to YellowBird, the funding will help it continue on its growth trajectory, further invest in building technology, and accelerate its customer acquisition and marketplace strategy.
YellowBird plans to hire engineering team members to continue developing advanced technology, growing the customer success team to improve client satisfaction and invest in sales and marketing advancements.
Michael Zalle, Founder and CEO of YellowBird, said, “We are thrilled to have completed this funding round with the support of two of the nation’s most highly respected impact venture capitalists and two of the largest global insurance brands.
“This funding will provide resources to continue developing our platform’s technology, particularly artificial intelligence, performance tracking and delivery efficiency, as well as introduce upskilling opportunities for our professionals. Our goal is to help EHS and Risk Management Professionals earn more with greater flexibility and create equitable access to work in the process.”
Earlier this year, Fairly AI, which has built an oversight and risk management platform for AI, raised $1.7m in fresh funding.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
