Company Profile (AI Text)
Name: HigherMe
Canonical URL: https://wefunder.com/higher.me
Updated at: 2026-07-10T05:00:13Z

Tagline: The comprehensive solution for hiring hourly employees
Elevator pitch: In the retail and restaurant industries, yearly employee turnover rates are incredible, sometimes as high as 100%. In these low-margin businesses, turnover is the silent killer of profitability. We make it easy for hourly employers to find, screen, and interview applicants through text-to-apply software, mobile functionality, and video resumes. This connects quality candidates to the right jobs quickly, saving both employers and applicants thousands of dollars and hours a year. 

Key claims:
- Total raised on Wefunder: 204122 | citation: https://wefunder.com/higher.me#claim-total-raised
- Total investors: 298 | citation: https://wefunder.com/higher.me#claim-total-investors

Verified facts:
- Total raised on Wefunder: 204122 | observed_at: 2026-07-10T05:00:13Z | expires_at: 2026-07-11T05:00:13Z
- Total investors: 298 | observed_at: 2026-07-10T05:00:13Z | expires_at: 2026-07-11T05:00:13Z

Computed metrics:
- total_amount_raised: 204122
- total_investors: 298
- team_size: 8
- featured_investor_count: 0
- faq_count: 5
- recent_post_count: 0

Quick facts:
- Earning close to $1.6 million in annual recurring revenue. | citation: https://wefunder.com/higher.me#claim-fact-1
- Have partnerships with well-known brands like McDonald's, Dunkin Donuts, Domino's, Panera, Burger King, and more. | citation: https://wefunder.com/higher.me#claim-fact-2
- Monthly recurring revenue has grown from $30k in August 2016 to $135k in April 2018. | citation: https://wefunder.com/higher.me#claim-fact-3
- Our customer lifetime value, $19,917, is more than 6X our customer acquisition cost of $3,154. | citation: https://wefunder.com/higher.me#claim-fact-4
- We've received more than 1,000,000 job applications and gotten over 100,000 people hired in 43 states. | citation: https://wefunder.com/higher.me#claim-fact-5
- Candidate volume has grown 350% in the last 12 months. | citation: https://wefunder.com/higher.me#claim-fact-6
- The current economic cost of service sector employment is $219 billion (50 million workers x 73% turnover x $6,000+ / hire = $219 billion). | citation: https://wefunder.com/higher.me#claim-fact-7
- 85% of job candidates that start our application will finish it.  This is 2X-3X higher than most other systems. | citation: https://wefunder.com/higher.me#claim-fact-8

FAQ:
- Q: Hi - You have a fantastic product with great traction. A few questions: 1. If customers pay a monthly subscription fee, how are workers paid? Does the customer negotiate directly with the potential hire? 2. You state your currently monthly recurring revenue is $135K. How truly...
  A: Hey Jeff, thanks for some great questions! #1 - We are really first and foremast a software product - so the employment relationship today is very much between the worker and the employer. At least in our initial beachhead industry of retail & restaurants/franchises, the vast majority of workers are W-2 employees, either part-time or full-time. So they have a direct employment relationship with our customer, the employer. #2 - Many of our customers are on quarterly, semi-annual, or annual...
- Q: BTW - I could not find the HigherMe funding page on the Wefunder Explore page. I also searched for "HigherMe" and nothing.
  A: I believe the profile is still in "private mode" before launching publicly, so it can only be accessed by folks with the direct link.
- Q: People are the single most important resource. But selecting the right people is notoriously difficult. A tool that helps managers select good people has tremendous value. How does HigherMe help managers select people with the personal characteristics necessary to be efficient...
  A: Hey Michael! We work individually with each new customer to come up with a specific set of assessments that candidates engage with as part of the application process, to better identify who's likely to be a fit. We also let candidates record a short video cover letter so that employers can get a better sense for the candidate's personality - having a bright, cheerful personality is hugely important in these industries. For larger clients, we can also actually do an exhaustive deep dive on his...
- Q: Hi, Interesting offering for sure. I see the mention of future state including machine learning / AI - what are you thinking there? I ask in part because machine learning requires a massive data set for the best results, and in another question you mention that the qualificati...
  A: Todd, great question - I have a bit of a background in data science myself, so I appreciate the question. This industry, to me, is one big data science problem - but it's the perfect industry for it because of the size of the data set. To give you a sense - our biggest client, a national brand that you've heard of, hires 8,000 people for *one job title* every year, and receives over 100,000+ job applications for that role annually - it's not like the white collar world where hiring is more ad...
- Q: Your idea sounds great but as with many other startup cash burn is huge risk. Your SEC doc showed cash at $376k (down from $631k previous year) and net loss of $1 million. 1. What is your monthly cash burn? When do you project to achieve neutral/positive cash flow? 2. Are you ...
  A: Hi Joo, Great questions - I'm glad you asked. We have been fanatical about managing cash in this company. I'm not sure if you're familiar with Paul Graham, the founder of YC, but he wrote a great article called "Default Alive or Default Dead" that talks at length about managing cash & burn - http://www.paulgraham.com/aord.html - we very much follow this mantra in deciding where to spend money. As a recurring revenue business, the vast majority of our costs come upfront, before we acquire ...