Jyve is a technology company.
Jyve has raised $41.0M across 2 funding rounds.
Jyve has raised $41.0M in total across 2 funding rounds.
Jyve is a San Francisco-based technology company founded in 2015 that operates a software platform and marketplace connecting retailers and brands with on-demand, skilled workers—called Jyvers—for in-store tasks like merchandising, shelf stocking, resets, and product placement optimization.[1][2][5] It serves the retail and grocery sectors by solving operational execution challenges, enabling efficient, accountable work through a mobile app where Jyvers claim standardized tasks, complete them with photo verification and data capture, and receive AI-driven quality assessments.[2][5] The company has raised approximately $45-56M in funding (including a $29-35M round about six years ago from investors like SignalFire, Crosscut Ventures, Ridge Ventures, and NEA), remains at Series A stage, and has achieved significant scale with reported $400M in bookings from top grocers and retailers.[1][3]
Jyve emerged in 2015 amid the rise of on-demand labor platforms, founded by a team addressing inefficiencies in retail operations where brands and grocers struggled with timely in-store execution like stocking and merchandising.[1][2] After three years in stealth mode, it launched publicly with substantial funding, including a $35M round highlighted for its "Skills-as-a-Service" model that matches enterprises with verified workers at scale.[3] Early traction came from partnerships with major grocers and brands, leveraging smartphone apps, machine learning for task matching, and background checks via partners like Yardstik and Stripe for payments, quickly scaling to $400M in bookings.[1][2][3]
Jyve rides the gig economy wave intersecting with grocery retail tech, a sector with 648+ startups tackling in-store performance via tools like inventory management and omnichannel solutions amid e-commerce pressures post-pandemic.[1] Its timing aligns with labor shortages in retail, where flexible, on-demand skilled workers address volatile demands for merchandising and stocking, amplified by supply chain disruptions and omni-channel shifts.[1][2][5] Market forces like rising consumer expectations for stocked shelves and brands' need for data-rich execution favor Jyve, positioning it as a key enabler in SignalFire's portfolio alongside tools like OneSignal, influencing the ecosystem by scaling "Skills-as-a-Service" to reduce fixed labor costs and boost operational agility.[1][3]
Jyve's platform positions it for expansion beyond core retail into adjacent sectors like beyond-store tasks, capitalizing on AI enhancements for smarter matching and predictive insights amid persistent gig labor demand.[2] Trends like automation-resistant in-store roles, retail tech consolidation, and economic pressures on grocers will shape its path, potentially driving toward Series B funding or acquisition by a larger retail tech player given its $400M bookings momentum despite a stagnant Mosaic Score.[1][3] As retail execution tech evolves, Jyve could amplify its influence by deepening enterprise integrations, evolving from a marketplace to a full operations AI layer—reinforcing its role as a vital optimizer in an always-on consumer world.[1][2]
Jyve has raised $41.0M in total across 2 funding rounds.
Jyve's investors include Ankona Capital, Cloud Apps Capital Partners, Norwest Venture Partners, SignalFire, Summit Partners.
Jyve has raised $41.0M across 2 funding rounds. Most recently, it raised $35.0M Venture Round in December 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2018 | $35.0M Venture Round | Ankona Capital, Cloud Apps Capital Partners, Norwest Venture Partners, SignalFire, Summit Partners | |
| Mar 1, 2016 | $6.0M Seed | Ankona Capital, Cloud Apps Capital Partners, Norwest Venture Partners, SignalFire, Summit Partners |