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Instawork
eCommerce & Marketplaces · San Francisco, United States · Founded 2015
On-demand staffing app for gig workers and hospitality businesses MoreLess
Instawork operates as an online platform that connects businesses with a pool of over 5 million vetted short-term, seasonal, and temp-to-hire workers. The company primarily serves businesses that are in need of hourly workers, a market that has been increasingly difficult to navigate through traditional staffing agencies. Instawork's platform simplifies this process, providing businesses with access to qualified and reliable workers.
The company's business model is centered around its intelligent matching system, which pairs businesses with suitable workers from its extensive database. This system is supported by a rigorous vetting process that ensures only reliable workers are connected with businesses. This has resulted in a high demand for Instawork's workers, with 93% of businesses wanting their workers to return and a low 2% no-show rate.
Instawork also provides businesses with the ability to view profiles and experience of workers as soon as they pick up a shift. For businesses interested in full-time workers, they can search, connect, and hire from Instawork's database.
The company generates revenue by charging businesses for the service of connecting them with workers. During the pandemic, the platform became indispensable for businesses and workers alike, further solidifying its position in the market.
Keywords: Online Platform, Staffing Solution, Hourly Workers, Short-term Employment, Seasonal Employment, Temp-to-hire, Vetting Process, Worker Database, Intelligent Matching, Full-time Employment.
Company overview
Instawork company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2015
- Headquarters
- San Francisco, United States
- Employees
- 2,490
- Open positions
- 50
- Dealroom signal
- 92.4
- Investment activity
- 2 companies · latest Aug 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Instawork funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES DOther financing | May 2023 | $60M | $240M | Greylock Partners · Spark Capital · Craft Ventures · 9Yards Capital | ↗ |
| FundingOther financing | Feb 2022 | $0 | — | TCV | ↗ |
| SERIES COther financing | Jul 2021 | $60M | $240M | Benchmark · Greylock Partners · Spark Capital · SV Angel | — |
| SERIES BOther financing | May 2019 | $18M | $72M | SV Angel · GV · Spark Capital · Burst Capital | — |
| SERIES AOther financing | Feb 2019 | $10M | $40M | SV Angel · Y Combinator · Liquid 2 Ventures · Tuesday Capital | — |
| SEEDOther financing | Dec 2015 | Y Combinator | — | ||
| SEEDOther financing | Aug 2015 | Y Combinator · George Hu · Amr Awadallah · Eckart Walther | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $24M | 0% | 2,490 |
| 2025 | $24M | 0% | 2,200 |
| 2024 | $24M | 0% | 1,799 |
| 2023 | $24M | 0% | 1,557 |
| 2022 | $24M | 0% | 1,083 |
| 2021 | $24M | 0% | 492 |
| 2020 | $24M | — | 222 |
Growth signals
Instawork website traffic
Latest recorded traffic for Instawork is 670K monthly website visits, up 17.5% over the last three months. Instawork's team grew 13.2% over the past year.
Hiring
Open positions at Instawork
Current openings linked to this company in Dealroom.
Comparisons
Instawork compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Instawork investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Able JobsBengaluru, IndiaAbleJobs | Hire the best Job ready candidates
$2Mvaluation
DraftedBoston, United StatesMakes intelligent referral suggestions to anyone who wants to help your company hire
$10Mvaluation
Talent graph
Instawork's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Instawork has talent and traffic
team presence
In the news
Latest news about Instawork
Recent press, funding announcements, and product moves mentioning Instawork — open to read from the original sources.
Market sentiment
What the market is saying about Instawork
An AI-synthesized read of the highest-engagement posts about Instawork on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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