OnForce Overview
- Year Founded
-
2003
- Status
-
Acquired/Merged
- Employees
-
50
- Latest Deal Type
-
M&A
OnForce General Information
Description
Operator of a freelancer management platform intended to connect talented professionals directly to the companies that need them. The company's freelancer management platform manages the independent professional relationships and stands between its clients and government agencies to help mitigate risks related to worker misclassification, enabling companies to search for, engage with, manage, and pay non-employee talent.
Contact Information
Website
www.onforce.comCorporate Office
- 10 Maguire Road
- Building 2, Suite 232
- Lexington, MA 02421
- United States
Corporate Office
- 10 Maguire Road
- Building 2, Suite 232
- Lexington, MA 02421
- United States
OnForce Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Merger/Acquisition | 09-Aug-2017 | Completed | Generating Revenue | |||
| 5. Merger/Acquisition | 11-Aug-2014 | Completed | Generating Revenue | |||
| 4. Later Stage VC (Series A2) | 13-Dec-2012 | Completed | Generating Revenue | |||
| 3. Later Stage VC | 03-Nov-2011 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A1) | 19-Sep-2007 | $6.75M | $27.1M | Completed | Startup | |
| 1. Early Stage VC (Series A) | 12-Jan-2006 | $20.4M | $20.4M | Completed | Startup |
OnForce Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A2 | ||||||||
| Series A1 | ||||||||
| Series A | 20,400,000 | $0.001000 | $1 | $1 | 1x | $1 | 35.37% | |
| Junior | 34,335,000 | $0.001000 | $1 | $1 | 1x | $1 | 34.28% |
OnForce Comparisons
Industry
Financing
Details
OnForce Competitors (6)
One of OnForce’s 6 competitors is Fairygodboss, a Formerly VC-backed company based in New York, NY.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Fairygodboss | Formerly VC-backed | New York, NY | ||||
| Talent.com | Venture Capital-Backed | Montreal, Canada | ||||
| Field Nation | Formerly VC-backed | Minneapolis, MN | ||||
| Randstad (Information Services (B2C)) | Corporation | Diemen, Netherlands | ||||
| WorkMarket | Formerly VC-backed | New York, NY |
OnForce Patents
OnForce Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20090171743-A1 | Service request system with natural service provider profiling and methods thereof | Inactive | 02-Jan-2008 | ||
| CA-2528181-A1 | System and method for managing accounts payable and accounts receivable | Inactive | 28-Apr-2003 | ||
| CA-2790771-A1 | System and method for managing accounts payable and accounts receivable | Inactive | 28-Apr-2003 | ||
| EP-1627287-A2 | System and method for managing accounts payable and accounts receivable | Inactive | 28-Apr-2003 | ||
| EP-1627287-A4 | System and method for managing accounts payable and accounts receivable | Inactive | 28-Apr-2003 | G06Q30/04 |
OnForce Signals
OnForce Former Investors (8)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Accel | Venture Capital | Minority | ||
| Adecco Group | Corporation | Majority | ||
| Front 4 Ventures | Venture Capital | Minority | ||
| General Catalyst | Venture Capital | Minority | ||
| ManpowerGroup | Corporation | Minority |
OnForce FAQs
-
When was OnForce founded?
OnForce was founded in 2003.
-
Where is OnForce headquartered?
OnForce is headquartered in Lexington, MA.
-
What is the size of OnForce?
OnForce has 50 total employees.
-
What industry is OnForce in?
OnForce’s primary industry is Media and Information Services (B2B).
-
Is OnForce a private or public company?
OnForce is a Private company.
-
What is OnForce’s current revenue?
The current revenue for OnForce is .
-
How much funding has OnForce raised over time?
OnForce has raised $35.2M.
-
Who are OnForce’s investors?
Accel, Adecco Group, Front 4 Ventures, General Catalyst, and ManpowerGroup are 5 of 8 investors who have invested in OnForce.
-
Who are OnForce’s competitors?
Fairygodboss, Talent.com, Field Nation, Randstad (Information Services (B2C)), and WorkMarket are some of the 6 competitors of OnForce.
-
When was OnForce acquired?
OnForce was acquired on 09-Aug-2017.
-
Who acquired OnForce?
OnForce was acquired by WorkMarket.
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