Braintrust raises an additional $18 Million In Strategic Growth Funding

Josiah Motley · October 1, 2020 · Short URL:

The freelance marketplace adds the $18 million to its $6 million seed round

Image: Unsplash

Image: Unsplash

Braintrust, a freelance marketplace for professionals, has announced that it has raised an additional $18 million in a Strategic Growth round. 

This comes after a $6 million seed round in June that occurred alongside the launch of the marketplace. This new round was led by VC firms ACME and Blockchange Ventures and joined by new investors Omidyar Technology Ventures, Pantera, Multicoin, Hashkey, and Variant.

While there are many freelance marketplaces available, Braintrust helps separate itself from others on the market by removing all fees for workers. Instead, the company only charges other companies that place listings for workers.

From the press release, Braintrust notes that it has added "new Fortune 1000 clients including Coursera, Stanley Black and Decker, Align Technology (Invisalign), World Wide Technology (WWT), AthenaHealth, and Mural to its roster, which already [included] industry leaders such as Nestle, Pacific Life, Deloitte, Porsche, Blue Cross Blue Shield, TaskRabbit and NASA."

Another thing that differentiates Braintrust from other marketplaces is the use of a cryptocurrency known as Btrust. Basically, consider these tokens as a stake in the company and according to the company, these tokens will be used in the future to help decide how the company grows

Co-founder and CEO Adam Jackson tells TechCrunch, "Just imagine if Uber had given all of it’s drivers some ownership in the company what a different company it would be today. Braintrust will be 100% user owned. Everyone who participates on the platform has skin in the game.”

Overall, Braintrust is an interesting idea around a modern staple - the freelance marketplace - so it will be interesting to see how the company expands in the coming months and years.

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Josiah Motley

Contributor at various blogs, with a focus on tech, apps, gadgets, and gaming.

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