LABR SECURES INVESMENT FROM MICHIGAN RISE
East Lansing, MI –– LABR, a Grand Rapids based company that specializes in connecting local businesses with flexible staffing solutions, has secured an investment from Michigan Rise Pre-Seed Fund III.
LABR has developed a mobile app to enable businesses to staff up and down as needed by ordering Helpers through their marketplace. The Business to Business (B2B) platform serves as the conduit between Helpers and short-term job opportunities, primarily within hospitality, construction, events, and distribution sectors. These Helpers are able to pick the shifts that fit their schedule/interests and receive prompt compensation after the job is complete. LABR also commits to collaborating with businesses that offer competitive wages well above minimum wage.
“Companies that rely heavily on seasonal revenue, like retail or construction for example, need reliable temporary staff,” said Tommy Skinner, Senior Venture Associate at Michigan Rise. “LABR has created a platform that helps businesses recruit young professionals and college students with flexible schedules who are the perfect fit for these types of jobs.”
The investment from Michigan Rise will be allocated to support product development, marketing efforts and talent acquisition to further enhance LABR’s services.
About Michigan Rise
Michigan Rise is a wholly owned venture capital subsidiary of the Michigan State University (MSU) Research Foundation, operated in partnership with the Michigan Economic Development Corporation (MEDC). Michigan Rise provides early-stage funding to innovative companies that have the potential to transform industries and create jobs in Michigan.
About LABR
LABR connects individuals who are looking for flexible work opportunities with local employers who are need reliable, unskilled labor in a variety of operational roles. Our company is based in Grand Rapid, MI, and rooted in a culture that empowers all of our marketplace stakeholders: Helpers, clients and employees. We are passionate about winning together as a team while treating each other with real dignity and authenticity.