Managed by Q, a provider of outsourced cleaning, handyman and office-management services, has secured $30.5 million toward a planned $40 million round, according to an SEC filing. The capital injection values the company at $205 million, representing an $80 million jump from the valuation garnered with a $25 million Series B in April. Investors in the company include Homebrew, GV and RRE Ventures.
Founded in 2014, Managed by Q is perhaps best known for the atypical way it treats its workforce. In an industry often critiqued for overlooking or even taking advantage of its employees and contractors—Uber and WeWork are frequently cited as examples—Managed by Q makes a distinct effort to put them first. The company fully designates its workers as employees, for one, and offers unusually attractive benefits, such as 401(k)s and paid time off. The company has even earmarked a 5% ownership stake for its employees to take over during the next five years, a program slated to start in July.
Here’s a look at the company’s previous financing and valuation history:
November 2014: $2.4M round | $12.6M valuation June 2015: $15M | $80.4M April 2016: $25M | $125M