Combined company will deliver full-cycle gig-economy marketplace addressing the needs of freelancers, contractors, and companies that hire them.
CareerGig announced today an acquisition of Moonlighting, a SaaS platform that empowers individuals to build their own freelancer profiles, and allows businesses to hire talented professionals quickly and affordably. CareerGig is a SaaS technology platform that matches freelance and contract workers to top employers while offering a marketplace with independent access to guaranteed issue health, life, and disability insurance, education and training opportunities, and other financial services and benefits. Both companies utilize blockchain and artificial intelligence and this new agreement will create a combined platform with more robust and sophisticated capabilities.
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The acquisition is effective today, and the companies will combine business operations within the next few months under the name CareerGig, forming one of the world’s largest freelancer platforms.
Founded in 2014 by Jeff Tennery, Ritesh Johar, and Roy Slater, Moonlighting brings a powerful network of over 850,000 freelancers and small businesses that will continue to build the CareerGig community. With extensive listings for contract gigs, part-time jobs, and internship positions, freelancers fulfilling those roles will have access to CareerGig’s benefits offerings.
With this newly acquired network, CareerGig which launched in July 2020, will continue to expand its network of offerings, to provide the best and most diverse insurance, financial, and education benefits to freelancers within the 50 United States and the District of Columbia. These benefits also include education and certification through strategic alliances with colleges, universities, and other training organizations. This community is bolstered by partnerships with established and up-and-coming technology companies in Silicon Valley and beyond. “CareerGig’s freelance network is growing to become the most comprehensive of its kind, enabling the type of growth in critical parts of the workforce that the future workforce requires,” says Banks Baker, CareerGig Advisory Board Member and Google’s Head of Global Product Partnerships, Search Content.
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Tennery, Moonlighting’s CEO will join CareerGig as Chief Business Development Officer (CBDO), and will lead efforts to grow B2B sales and partnerships.
Commenting on the merger, Mr. Tennery said, “CareerGig is the ideal partner for Moonlighting to take this next step in supporting freelancers around the world. Their team shares our same passion and vision to deliver the best marketplace platform for the gig economy.”
“We are excited to have the opportunity to expand the CareerGig brand and offerings to a wider pool of freelancers and contractors, and our partnership with Moonlighting gives us the ability to accomplish this quickly and efficiently,” said Greg Kihlstrom, CareerGig’s CEO and Co-Founder. “Our mission is to accelerate and optimize human potential to support the future of work. The combined technologies of both CareerGig and Moonlighting will further enhance our capabilities to offer enhanced sourcing, matching, hiring, and retention to companies looking to hire contractors and freelancers.”
Looking forward, the ultimate goal is to offer the best technology marketplace to accelerate and optimize human potential. With the freelance economy providing a $440B total addressable market (TAM) in the United States, and a $1.5T TAM worldwide, this sector of the workforce has been on a rapid growth path since the early 2000s. CareerGig will fill that need by creating the premier community for the freelancer workforce.