USA — September 12, 2024 — Besolo, a groundbreaking platform designed to fix the broken parts of self-employment in the United States, today announced the completion of a $1.5 million pre-seed funding round. The round was co-led by Everywhere Ventures and New Stack, leading venture capital firms focused on early-stage tech startups. Additional investors include JFFVentures and Service Provider Capital.
Besolo is evolving how solopreneurs manage their businesses by providing a comprehensive system that addresses the most significant operational challenges of the self-employed lifestyle. The platform is an all-in-one solution for access to a complete corporate-quality benefits package, maximizes tax savings via S Corp, and drastically reduces administrative burden with fully integrated financial/operational tools.
“We’re thrilled to have the support of a group of investors that share our vision of the future and passion for empowering solopreneurs. Self-employment in its purest form is all about freedom, yet today in this country, people who choose the lifestyle are punished with higher taxes, limited benefits access, and overwhelming administrative burden,” said Mark Jackson, Founder and CEO of Besolo. “This funding will enable us to further develop our platform, expand our team, accelerate our growth, and empower our mission. We want to make self-employment an option with little to no compromise compared to traditional W2 employment. This is a big day for the future of work in the USA.”
Everywhere Ventures, a global pre-seed fund backed by 500 founders and operators, led the round. “We believe that artificial intelligence unlocks productivity gains, enabling individuals to become far more independent and companies to become far more lean. The consequence of that is a more fragmented, self-employed workforce that Besolo is building for,” said Scott Hartley, co-founder and managing partner of Everywhere Ventures. “Besolo is well-positioned to become an essential resource for businesses-of-one in the US and lead a wave of change towards a more freelance-driven future.”
New Stack co-led the round, bringing their extensive experience scaling early-stage companies. “We see enormous potential in Besolo’s vision to streamline and support the self-employment journey. This is about altering the very fabric of career/lifestyle optionality in the country, and we could not be more excited to be a part of it,” said Nick Moran, General Partner at New Stack.
JFFVentures, brings a unique focus on workforce and economic advancement. “We’re excited about Besolo’s potential to make independent work a more viable and attractive option for a wider range of individuals,” said Yigal Kerszenbaum, Managing Partner at JFFVentures. “, By providing a comprehensive platform typically associated with traditional employment, Besolo is empowering solo entrepreneurs to build sustainable businesses and achieve greater financial stability.”
Service Provider Capital, a venture capital firm that supports startups through strategic service provider partnerships, completed the round.
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About Besolo
Besolo is a future-of-work company fixing self-employment for businesses-of-one. Besolo is both the framework and the platform for access to benefits, maximizing tax savings, and drastically simplifying admin for self-employed solo professionals, who make up 84% of all small businesses in the USA. For more information, visit https://www.besolo.io/
About Everywhere Ventures
Everywhere Ventures is a global early-stage venture capital fund backed by 500 founders and operators that invests across the future of money, health, and work. For more information, visit https://everywhere.vc.
About New Stack
New Stack VC is an early-stage venture capital firm focused on investing in visionary entrepreneurs who are redefining their industries. With a strong track record of supporting and scaling innovative startups, New Stack provides the resources, network, and expertise needed to help companies achieve their full potential. For more information, visit https://www.newstack.com.
About JFFVentures
JFFVentures is the nation’s leading impact venture fund specializing exclusively in emerging future of work and workforce development technologies enabling economic advancement.For more information, visit https://jffventures.vc.
About Service Provider Capital
Service Provider Capital is a venture capital firm that co-invests in Seed and Series A rounds alongside institutional venture funds. The firm adds value by leveraging its network of service provider limited partners to support portfolio companies through introductions to investors, strategic partners, and customers. For more information, visit https://www.serviceprovidercapital.com.
Media Contact:
Mark Jackson
CEO / Co-Founder
Besolo.io