Startup profile · funding coverage
Wingspan funding, valuation and investors
Embedded payroll and compliance platform for contractor management at scale.
Keep track of Wingspan
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$24M · July 2025
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$38M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · New York, New York
Overview
Wingspan provides embedded payroll, tax compliance, and contractor onboarding infrastructure for companies managing large 1099 workforces — HR platforms, marketplaces, and enterprises. The platform has processed billions in contractor payments. Wingspan raised a $14M Series A in March 2023 led by Andreessen Horowitz and a $24M Series B in July 2025 led by Touring Capital with a16z and Company Ventures participating.
Why Wingspan is interesting
$3B+ in contractor payments processed — embeddable contractor stack for HR platforms and marketplaces beyond standalone payroll apps.
Product & use cases
Wingspan offers APIs and white-label modules for contractor payments, W-9 collection, tax form generation, and compliance — letting platforms embed contractor ops without building money movement in-house.
- HR tech platforms embedding contractor payroll for gig and freelance workers
- Marketplaces paying thousands of 1099 suppliers with tax compliance
- Enterprises consolidating freelancer payments across business units
Key facts
- Series B (Jul 2025): $24M led by Touring Capital; a16z and Company Ventures — Wingspan
- Series A (Mar 2023): $14M led by a16z — TechCrunch
- $3B+ contractor payments processed
Funding history (newest first)
Series B
2025-07 $24M- Touring Capital (lead)
- Andreessen Horowitz (participant)
- Company Ventures (participant)
Series A
2023-03 $14MInvestors in our directory
Funds linked from Wingspan's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Purpose-built contractor compliance depth vs. Rippling/Deel which span W-2 and global EOR — Wingspan optimizes for U.S. 1099 embed use cases at scale.
Contractor economy growth drives embed payroll demand. Wingspan's $3B+ processed volume proves production scale. Series B (2025) funds expansion as Deel and Rippling move downmarket. Moat is compliance accuracy + platform integrations once embedded.
-
Deel adjacent
Global EOR and contractor payments; Wingspan emphasizes U.S. embed infrastructure.
-
Stripe Connect adjacent
Payments rails; Wingspan adds tax compliance and contractor lifecycle.
-
Rippling adjacent
Unified HR/payroll; Wingspan embeds into other platforms rather than selling standalone HRIS.
Notable stories
- Wingspan crossed $3B in contractor payment volume before Series B — validation of embed model for 1099-heavy platforms (Wingspan, 2025).
Industries
Related funding articles
Venture Capital Tracker pieces that cover Wingspan's financing or category context.
FAQs about Wingspan
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.