Freelance Marketplace Solvate Shuts Down After Four Years and $6.3 M.

Mr. Paolucci.

“Agency-caliber talent at half the cost.” That was the pitch for Solvate, the freelance labor marketplace based in New York that raised $6.3 million from investors including RRE Ventures and DFJ Gotham Ventures. But as of today, Solvate is no longer accepting new users and individual pages on the site have started disappearing. The company sent out an email to users obtained by TechCrunch’s Anthony Ha: “Effective March 1st, we are shutting down this service. We are proud to have connected US-based independent professionals with companies for contract work, but ultimately we couldn’t scale it in its current configuration.” Read More