Hospitality shift work platform Qwick’s seed investors include UAVenture Capital Fund, an independent vehicle set up to cultivate University of Arizona’s ecosystem.
Qwick, a US-based hospitality staffing platform founded by a University of Arizona (UA) graduate, has attracted an undisclosed sum in a seed round backed by UA-focused investment fund UAVenture Capital Fund (UAVC), Tuscon.com has reported.
Other investors in the round were not disclosed. UAVC typically invests approximately $2m.
Founded in 2017, Qwick runs an on-demand recruitment platform that enables clients in the hospitality industry to quickly find staff for available shifts. The platform has already signed up more than 130 clients and 4,000 hospitality professionals and will use the capital to enter new markets.
UAVC was launched by the co-founders of UA medication management spinout SinfoníaRx to drive technologies emerging from the university. Qwick is the fund’s fourth investment, after disk drive technology developer Codelucida, therapeutic painkiller supplier Regulonix and long-haul delivery marketplace creator Post.Bid.Ship.
Fletcher McCusker, CEO and co-founder of UAVC, said: “These are the kinds of extremely bright and intelligent young entrepreneurs with disruptive technologies that we want to help keep in Arizona.”