Lystable raises $10 million to help employers manage freelancers
Lystable, a three-year-old startup that provides companies with software to manage freelance workers, has raised an additional $10 million in Series A funding. Peter Thiel's Valar Ventures led the new funding, with Max Levchin's Scifi VC, Kindred Capital, Goldcrest Capital, Glynn Capital, and Wilmont Ventures also participating.
Origin story: Founder and CEO Peter Johnston got the idea after seeing first-hand the inefficiencies of managing freelancers while working in Google's London office. Things like getting them access to the tools they needed for work and payments were challenging, he told Axios. His startup's name, Lystable, is derived from the fact that Johnston would create lists and spreadsheets to manage his contractors.