There are many things that try to define human beings, but honestly, none do a better job of it than our all important solution-oriented tendencies. You see, when someone is able to find an answer for each and every question, they eventually steer themselves towards many notable milestones along the way. The same fact is proven by everything we have achieved so far, with one piece of testimony coming from a creation called technology. In fact, technology’s emergence was always an anomaly, considering it introduced a dynamic that we had never even thought about before. Now, while this dynamic was largely centred on the creation’s unprecedented skill-set, it also revolved around a great deal around the manner in which technology used those skills for impacting our entire spectrum, thus turning us into a tech-driven society. Nevertheless, despite becoming the ultimate centrepiece, the creation will continue to improve itself in one capacity or the other, and one recent funding should only help the stated trend moving forward.
Traba, a Miami-based jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues, has successfully raised a sum of $20 million in Series A financing. Led by Khosla, the round saw further participation coming from the likes of Founders Fund, General Catalyst, SciFi VC, Atomic, and more. According to certain reports, the funding valued Traba at around $120 million. The newly-raised cash, though, will facilitate the company’s bid to improve its product, conduct an extensive recruitment drive, which by the way is going to focus on bolstering engineering and sales personnel, and also pursue market expansion from an overall standpoint. Since starting out in 2021, Traba has dedicated itself to bridging the gap between organizations and warehouse workers. It does so using a specialized platform, where contractor profiles allow workers to upload work histories and certifications. They can even check the ratings and reviews received from previous employers. Interestingly, these workers also have the option to rate employers, therefore making what sounds like a balanced system. In order to ensure that workers have all the flexibility they need, Traba enables them to find shifts based on their preferred types of work, locations, transportation modes, and hours. As for the employers, they only pay for the shifts filled by the platform.
“The biggest value-add for the technical decision-maker is automation. Currently, the process of managing a staffing agency relationship requires a lot of manual work — paper timesheets need to be filed and cross-checked against the agency invoice, the invoice needs to be filed with accounting and then paid, and there’s little reporting visibility for decision makers. With Traba, time tracking is done in the worker app, meaning timesheets are automatically updated and visible in the business app immediately after the shift,” said Mike Shebat, CEO and co-founder of Traba.