CloudCrowd Raises $5.1 Million in VC Funding

CloudCrowd, a labor-as-a-service provider, has announced the company has raised $5.1 million in a Series B funding round, led by Menlo Park-based Draper Fisher Jurvetson (DFJ), an early-stage venture capital fund. The company says that the new funding will enable it to expand its services and the features of its on-demand labor platform.

Like CrowdFlower (a startup we’ve covered previously) and other providers in this space, CloudCrowd is trying to take advantage of the opportunities brought about by the web work revolution, which is changing the way people are employed and how employees think about employers. As I noted in this GigaOM Pro post (sub. req.) an increasing number of people are working as freelancers, and employees are switching jobs far more rapidly than they have in the past — presenting a growing market for online services that can help to facilitate freelance work.

CrowdCloud says it is differentiated from its competitors because its platform can handle much more complex tasks and utilizes a peer review and worker credibility system designed to ensure the accuracy of finished work. CloudCrowd has some 35,000 registered users and has completed more than 1.5 million tasks for its customers.

Photo by Flickr user Waldo Jaquith, licensed under CC 2.0


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