Instawork, a San Francisco, CA-based digital marketplace connecting local businesses with qualified professionals across the U.S., raised $60m in Series C financing.
The round, which brought total funding to $100m, was led by Craft Ventures 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. In conjunction with the funding, Craft General Partner, Jeff Fluhr, will join Instawork’s board of directors.
The company intends to use the funds to continue to continue expanding into new markets, job categories, and industries, while also investing in more training and development initiatives to allow hourly professionals to advance their careers.
Founded in 2016 by Sumir Meghani, CEO, Instawork is a flexible staffing solution for local, hourly professionals. Its digital marketplace connects thousands of businesses and more than one million workers in the U.S., filling a critical role in local economies. The company allows businesses in food & beverage, hospitality, and warehouse/logistics industries to fill temporary and permanent job opportunities in more than 25 U.S. markets.
Through Instawork, pros can register to share their work experience and skills, and access a variety of available short-term and long-term job opportunities that match their qualifications, interests, and schedules. The platform provides insight into each opportunity, including workplace reviews and hourly pay, which averages $18/hour.