Software startup Lystable has received additional funding from PayPal co-founder Max Levchin and LeFrak’s venture capital arm.
Although the amount remains undisclosed, the new contribution adds to the startup’s $11m Series A led by Peter Thiel’s Valar Ventures, which closed in June.
Although Lystable was founded in the UK by former Google designer Pete Johnston, the company has now reincorporated as a US firm.
Johnston said: “We are thrilled to have Max join our team, the support of such an experienced founder and investor such as Max Levchin is a significant boost for Lystable.
“We have been working with his team at HVF on our product strategy which is bearing fruits already. We are excited about working with them,” added the founder.
Levchin commented: “We have seen the rapid growth of freelancer marketplaces already make a dent in the traditional recruitment and staffing agency space; but really embracing these workers becomes harder for any company as it scales – let alone big corporations. Lystable is pushing the industry forward, by making it easy for corporations to work with freelancers, and vice versa.”