Wingspan Raises $24M Series B to Scale Embedded Contractor Management and Capture $1.4T Market
Wingspan has secured $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million. The company, which provides contractor management and payroll solutions, has demonstrated significant growth with a 200% expansion in customer base, 5x increase in average ACV, and has processed over $3 billion in payments.
The company announced Wingspan Embed, a new solution enabling HR platforms to manage contractors with features including tax automation, instant payouts, and insurance. Teladoc Health (NYSE: TDOC), a key client, uses Wingspan to manage payments for 10,000 healthcare providers, saving 28 hours monthly on payment processing.
The funding will accelerate Wingspan Embed's adoption and expand the company's presence in healthcare, insurance, staffing, and professional services sectors.
Wingspan ha ottenuto un finanziamento di 24 milioni di dollari in Serie B guidato da Touring Capital, portando il finanziamento totale a 54 milioni di dollari. L'azienda, che offre soluzioni per la gestione dei contrattisti e delle buste paga, ha mostrato una crescita significativa con un incremento del 200% della base clienti, un crescita di 5 volte del valore medio annuo dei contratti (ACV) e ha elaborato pagamenti per oltre 3 miliardi di dollari.
L'azienda ha presentato Wingspan Embed, una nuova soluzione che permette alle piattaforme HR di gestire i contrattisti con funzionalità quali automazione fiscale, pagamenti istantanei e assicurazione. Teladoc Health (NYSE: TDOC), cliente chiave, utilizza Wingspan per gestire i pagamenti di 10.000 operatori sanitari, risparmiando 28 ore al mese nelle operazioni di pagamento.
Il finanziamento accelererà l'adozione di Wingspan Embed ed espanderà la presenza dell'azienda nei settori della sanità, assicurazioni, staffing e servizi professionali.
Wingspan ha asegurado un financiamiento de 24 millones de dólares en la Serie B liderado por Touring Capital, elevando su financiación total a 54 millones de dólares. La empresa, que ofrece soluciones para la gestión de contratistas y nóminas, ha demostrado un crecimiento significativo con una expansión del 200% en su base de clientes, un incremento de 5 veces en el valor promedio anual del contrato (ACV) y ha procesado más de 3 mil millones de dólares en pagos.
La compañía anunció Wingspan Embed, una nueva solución que permite a las plataformas de recursos humanos gestionar contratistas con funciones que incluyen automatización fiscal, pagos instantáneos y seguros. Teladoc Health (NYSE: TDOC), un cliente clave, utiliza Wingspan para gestionar los pagos de 10,000 proveedores de salud, ahorrando 28 horas mensuales en el procesamiento de pagos.
El financiamiento acelerará la adopción de Wingspan Embed y ampliará la presencia de la empresa en los sectores de salud, seguros, contratación y servicios profesionales.
윙스팬(Wingspan)은 Touring Capital이 주도하는 2,400만 달러 규모의 시리즈 B 투자를 확보하여 총 투자금액을 5,400만 달러로 늘렸습니다. 계약자 관리 및 급여 솔루션을 제공하는 이 회사는 고객 기반이 200% 성장하고, 평균 연간 계약 가치(ACV)가 5배 증가했으며, 총 30억 달러 이상의 결제를 처리하는 등 큰 성과를 보였습니다.
회사는 HR 플랫폼이 계약자를 관리할 수 있도록 하는 새로운 솔루션인 윙스팬 임베드(Wingspan Embed)를 발표했으며, 세금 자동화, 즉시 지급, 보험 등의 기능을 포함하고 있습니다. 주요 고객인 텔라닥 헬스(Teladoc Health, NYSE: TDOC)는 윙스팬을 통해 10,000명의 의료 제공자에 대한 결제를 관리하며 월 28시간의 결제 처리 시간을 절감하고 있습니다.
이번 투자금은 윙스팬 임베드의 도입 가속화와 의료, 보험, 인력 배치 및 전문 서비스 분야에서 회사의 입지를 확장하는 데 사용될 예정입니다.
Wingspan a obtenu un financement de 24 millions de dollars en série B mené par Touring Capital, portant le financement total à 54 millions de dollars. L'entreprise, qui propose des solutions de gestion des contractants et de paie, a connu une croissance significative avec une augmentation de 200% de sa base clients, une multiplication par 5 de la valeur moyenne annuelle des contrats (ACV), et a traité plus de 3 milliards de dollars de paiements.
L'entreprise a annoncé Wingspan Embed, une nouvelle solution permettant aux plateformes RH de gérer les contractants avec des fonctionnalités telles que l'automatisation fiscale, les paiements instantanés et l'assurance. Teladoc Health (NYSE : TDOC), client clé, utilise Wingspan pour gérer les paiements de 10 000 prestataires de santé, économisant 28 heures par mois sur le traitement des paiements.
Ce financement permettra d'accélérer l'adoption de Wingspan Embed et d'étendre la présence de l'entreprise dans les secteurs de la santé, de l'assurance, du recrutement et des services professionnels.
Wingspan hat eine Finanzierung in Höhe von 24 Millionen US-Dollar in der Serie B unter der Leitung von Touring Capital erhalten, wodurch die Gesamtfinanzierung auf 54 Millionen US-Dollar steigt. Das Unternehmen, das Lösungen für Auftragnehmerverwaltung und Gehaltsabrechnung anbietet, verzeichnet ein signifikantes Wachstum mit einer 200%igen Erweiterung der Kundenbasis, einer 5-fachen Steigerung des durchschnittlichen Jahresvertragswerts (ACV) und hat Zahlungen in Höhe von über 3 Milliarden US-Dollar abgewickelt.
Das Unternehmen kündigte Wingspan Embed an, eine neue Lösung, die es HR-Plattformen ermöglicht, Auftragnehmer zu verwalten, mit Funktionen wie Steuerautomatisierung, Sofortauszahlungen und Versicherungen. Teladoc Health (NYSE: TDOC), ein wichtiger Kunde, nutzt Wingspan zur Verwaltung der Zahlungen für 10.000 Gesundheitsdienstleister und spart dabei 28 Stunden pro Monat bei der Zahlungsabwicklung.
Die Finanzierung wird die Einführung von Wingspan Embed beschleunigen und die Präsenz des Unternehmens in den Bereichen Gesundheitswesen, Versicherungen, Personalvermittlung und professionelle Dienstleistungen ausbauen.
- Secured $24M Series B funding, bringing total capital raised to $54M
- Customer base expanded by 200% with 5x increase in average ACV
- Processed over $3B in payments and supports 12x more contractors
- Saves Teladoc 28 hours per month on payment processing for 10,000 providers
- Targeting $1.4T market opportunity in contractor payments
- None.
Series B led by Touring Capital will propel Wingspan's mission to make flexible work effortless; launch of Wingspan Embed brings comprehensive contractor management to HR platforms
Wingspan is on a mission to make contract work effortless for everyone. In less than three years, the company expanded its customer base by
"From day one, we knew the real problem existed at the intersection of company and contractor. We strategically started by building for freelancers—learning their pain points around income, benefits, and taxes—then leveraged those insights to create the comprehensive platform that businesses desperately need. We've now completed the circle with the only solution that truly works for both sides," said Anthony Mironov, Co-founder and CEO of Wingspan. "The workforce composition is changing, and platforms that plan for this shift now will be well-positioned for the long haul."
Roughly
Wingspan is utilized by a range of contractors, from Omni's gig workers to CRU Group's insurance adjusters. Teladoc Health, Inc. (NYSE: TDOC) leverages Wingspan to provide its 10,000 healthcare providers with a seamless payment experience, saving the company an average of 28 hours per month on payment processing.
"Working with Wingspan has completely transformed the way Teladoc manages 1099 Provider Payroll," said Tricia McGimpsey, VP, Payroll at Teladoc Health. "It's an incredibly seamless process now."
In addition to its Series B raise, Wingspan is announcing Wingspan Embed, a new solution that enables HR platforms to transform the way they manage and support contractors. The comprehensive feature set goes beyond contractor onboarding, tax automation, and payments to elevate the contractor experience with value-added financial services including tax withholding, debit cards, instant payouts, and insurance. Wingspan Embed's modular and embeddable API-first architecture plugs directly into any HR platform; partners can choose from a white labeled solution, modular pre-built UI components, or a deeper, native integration. With Wingspan Embed, HR platforms become the central hub for managing a modern, flexible workforce.
"Wingspan Embed fundamentally changes what HR platforms can offer their customers. Instead of forcing businesses to juggle multiple systems, they can now manage their entire contingent workforce where they already work," continued Mironov. "This funding accelerates our ability to help HR platforms unlock new revenue streams, reduce customer churn, and handle compliance complexities that have held them back from serving the contractor economy."
The funding will accelerate Wingspan Embed's adoption across HCM and HR platforms while expanding the company's footprint in key verticals—healthcare, insurance, staffing, and professional services—where flexible workforces dominate. Wingspan will continue to invest in its world-class team while launching AI-powered products that apply the latest advances in AI technology to automate contractor compliance, streamline payments, and solve the complex challenges of managing flexible workforces at scale in ways that were never possible before.
"Wingspan is a scalable, intuitive product solving a critical market need, led by a visionary founding team," said Priya Saiprasad, General Partner at Touring Capital. "The company's extraordinary growth and rapid adoption by prominent HR platforms gave us the conviction to lead this funding round. We are proud to support Anthony, Greg, and the entire Wingspan team as they continue to modernize the infrastructure for contract work."
"Wingspan cracked the code on making flexible work work—for platforms and the businesses they serve. Every platform will need a contractor stack—the smart ones will embed Wingspan," said David Ulevitch, General Partner at Andreessen Horowitz.
To learn more about Wingspan Embed, visit https://www.wingspan.app/wingspan-embed.
About Wingspan
With 12x growth in contractors served and over
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SOURCE Wingspan
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