Assured Labor Raises $6.75M, Has Connected Workers With 100K Jobs In Latin America’s Informal Sector
Thursday, April 23, 2015
Long before LinkedIn went public or before a plethora of on-demand startups began washing the Bay Area and other U.S. cities with services at the click of a button, there was this startup from an MIT grad called Assured Labor.
David Reich started the company in 2008 to make informal labor markets in Latin America faster and more transparent for low-skilled workers. It was a social enterprise meant to connect workers, who often had little more than a feature phone, to evaluate or sign up for work opportunities by text message.
They just closed another $6.75 million funding round led by existing investor, Capital Indigo, with participation from Mexico Ventures, Thayer Ventures and Promotora Social México.