Startup profile · funding coverage
Wingspan funding, valuation and investors
Embedded payroll and compliance platform for contractor management at scale.
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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)
Source: Read source · wingspan.app
Investors 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.
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Deel adjacent
Global EOR and contractor payments; Wingspan emphasizes U.S. embed infrastructure.
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Stripe Connect adjacent
Payments rails; Wingspan adds tax compliance and contractor lifecycle.
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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
Market / IPO context
Editorial / static context — not a live quote.
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:
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