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The acquisition, effective Jan. 11, folds Moonlighting’s network of 850,000 freelancers and small businesses into CareerGig’s brand, CEO and co-founder Greg Kihlström said in a statement. The merger, which will be finalized over the next few months, will make CareerGig one of the world’s largest freelancer platforms, he said.
“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,” the CEO said.
The combined technologies and networks will enhance CareerGig’s ability to source freelancers and match them with companies, Kihlström said.
CareerGig, which officially started operating in July 2020, provides to freelancers the health and retirement benefits enjoyed by full-time employees while triple-verifying their qualifications for companies strapped for time and resources. Now, Moonlighting’s network of freelancers will have access to CareerGig’s benefits packages.
Founded in 2014 by Jeff Tennery, Ritesh Johar, and Roy Slater, Moonlighting lets freelancers build profiles and allows businesses to hire professionals quickly and affordably. Tennery, Moonlighting’s CEO, will join CareerGig as the Chief Business Development Officer and lead efforts to grow business-to-business sales and partnerships.
“CareerGig is the ideal partner for Moonlighting to take this next step in supporting freelancers around the world,” Tennery said in a statement. “Their team shares our same passion and vision to deliver the best marketplace platform for the gig economy.”
CareerGig also gives freelancers access to education and certification opportunities through partnering colleges, universities and training organizations. They can also work with established and up-and-coming technology companies in and outside of Silicon Valley, the CEO said.
CareerGig, which has an office at 3100 Clarendon Blvd, rode the wave of people who decided to take the freelancing plunge due to the way the pandemic has upended traditional work. But Kihlström, a longtime freelancer, has watched the industry grow since the early 2000s and said it is worth $440 billion in the U.S. and $1.5 trillion worldwide.
The company also recently welcomed two high-profile leaders in tech and finance to its leadership team. Banks Baker, Google’s Head of Global Product Partnerships – Search Content, and veteran financial markets executive Brad Boyse joined in December.
Baker said the startup has its sights set on meeting the needs of future workers.
“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,” he said in a statement.