Billionaire investor Thiel backs new $11m funding round for Johnston’s Lystable

Lystable allows big companies to manage independent contractors

Peter Thiel is backing Lystable in its latest funding roundBloomberg

Lystable, the London-based start-up founded by Irishman Peter Johnston, has closed an $11 million Series A funding round backed by legendary investor Peter Thiel’s Valar Ventures, Goldcrest Capital and Spring Partners.

Lystable allows big companies who engage large numbers of freelancers, contractors, and vendors to manage their independent contractors.

“Take Google, for example,” Johnston said. “They employ over 10,000 freelancers and service providers. Lystable allows them to create an internal network for this ...