Moonlighting

Moonlighting is a digital job marketplace for freelance workers.

The company has already raised $6 million from investors including major media companies Gannet, Tribune, and McClatchy. These companies own some of the largest newspapers in the country, including USA Today, Chicago Tribune, and The Los Angeles Times.

In the U.S., there are 55 million freelancers who collectively earned more than $1 trillion in 2016. By 2020, 43% of the U.S. workforce is projected to be freelancers.

But while the freelance economy is rising, participants have to rely on flawed job marketplaces. These marketplaces struggle to engage new members and eliminate fraud. At the same time, they control freelancer earnings by setting pay rates and taking a significant portion of earnings.

Moonlighting removes the middleman between employers and freelancers. In addition, the platform offers software-as-a-service tools including a messaging channel, invoicing, and online payments.

Using Moonlighting, workers create a professional online portfolio, find and accept job offers, and receive online payments with no fees taken out.

At the same time, employers search for the type of worker needed or post a job. Once candidates have applied, employers can hire the worker and pay them securely through the platform.

Moonlighting has plans to integrate its services with the blockchain. This will allow for the creation of “smart contracts” and result in an even easier, more secure hiring process.

Since launching in 2014, Moonlighting has reached 650,000 registered users, and the platform has been a Top-10 mobile app under the Apple Store’s “Jobs” category for more than two years.

Moonlighting generates revenue through both the employer and employee. Employers pay between $40 and $100 for a 30-day job listing, while employees pay a $10 monthly subscription to access the platform. Since 2014, Moonlighting has generated more than $750,000 of revenue.

Moonlighting is focused on expanding to Canada and the United Kingdom through partnerships secured with top news media companies in each country.

Based on these expansion plans, the company projects to increase its user base to 500 million and generate $100 million in revenue by 2021.

Team Background

Jeff Tennery - Founder & CEO

Founder & CEO of Moonlighting with over 25 years in senior executive leadership roles at Verizon, AT&T Wireless, nTelos, and Millennial Media (IPO).

Ritesh Johar - Co-Founder & CTO

With 13+ years of expertise covering various aspects of software architecture, design, development, process and methodology for the Federal Reserve, Thomson Reuters, and Capital One, Johar brings a wealth of digital payments experience.

Roy Slater - Co-Founder & COO

Before co-founding Moonlighting, Slater served as an operations manager at Capital One Financial, where he managed digital properties with revenues more than $1.5 Billion. Slater has also held positions at Lendingtree.com, and GMAC/Ditech.com.

Co-Investors