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Instawork Raises $60M To Rapidly Expand Its Work Marketplace Connecting Local Businesses With Skilled Hourly Professionals

Jul 08, 2021•about 4 years ago

Amount Raised

$60 Million

San FranciscoSoftware

Description

Instawork, the leading digital marketplace connecting local businesses with qualified professionals across the U.S., today announced it has raised $60 million in Series C financing, bringing total funding to $100 million. Craft Ventures led the round, with participation from Greylock, Corner Ventures, Four River Group, WndrCo, and Tilman Fertitta, owner of Landry's and the Houston Rockets, alongside existing investors Benchmark, Spark Capital, GV, Burst Capital, and SV Angel. Craft General Partner, Jeff Fluhr will join Instawork's board of directors.

Company Information

Company

Instawork

Location

San Francisco, California, United States

About

At Instawork, we’re driven by our vision to create economic opportunity for local businesses and skilled hourly professionals in communities around the world. With a growing number of hub cities across the country in the U.S., Canada, India, and beyond, we’re looking for top talent to help rapidly scale our high-tech and high-touch labor marketplace. Our accomplished and dedicated team is passionate about our mission and committed to crafting revolutionary products, all with the backing of our world-class investors, including Benchmark, Spark Capital, Craft Ventures, Greylock Capital, Y Combinator, and more!

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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