# Instawork

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instawork

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.instawork.com
- Total disclosed funding: $150M
- Latest round: Series D (May 18, 2023)
- Investors on record: 16

## About

Founded in 2015 by its CEO, Sumir Meghani, and co-founder, Saureen Shah, and based in California, US, Garuda Labs, Inc., doing business as Instawork, operates as an online and mobile platform that connects various businesses with professionals, catering to both job seekers and companies. In May 2023, Instawork raised USD 60 million in series D funding led by TCV, with participation from 9Yards Capital. Returning investors Benchmark Capital, Craft Ventures, Four Rivers Group, Greylock Partners, GV, and Spark Capital, also participated in the round.

Instawork offers a recruitment platform that connects various businesses to hourly workers, allowing them to search, message, and hire workers on an hourly basis in food and beverage, warehousing and manufacturing, cleaning, retail companies, and at stadiums, conventions, and events.

The company’s platform allows job seekers to create a profile, highlight their skills, and experience, and browse through available job listings, along with the opportunity to gain new skills, build their network, and earn income on a flexible schedule.

The company generates revenue by charging companies hiring fees.

The company plans to use the May 2023 funding to further develop its artificial intelligence workforce application.

## Funding rounds

- Series D, May 18, 2023, $60M — Benchmark, TCV, Greylock Partners, Spark Capital, GV, Four Rivers Group, Craft Ventures, 9Yards Capital
- Series C, May 6, 2021, $60M — Benchmark, Greylock Partners, Spark Capital, GV, SV Angel, Four Rivers Group, WndrCo, Craft Ventures, Burst Capital, Corner Ventures
- Series B, May 22, 2019, $18M — Benchmark, Spark Capital, GV, SV Angel, Y Combinator, Tuesday Capital, Burst Capital
- Series A, Feb 27, 2019, $10M — Benchmark, SV Angel, Y Combinator, Tuesday Capital, Liquid 2 Ventures
- Seed, Aug 1, 2015, $1.8M — SV Angel, Y Combinator, Tuesday Capital, Soma Capital Management

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed, Series A, Series B, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed, Series A, Series B
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C, Series D
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A
- Spark Capital — Series B, Series C, Series D
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C, Series D
- Burst Capital (https://capitalatlas.ai/funds/burst-capital) — Series B, Series C
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series C, Series D
- Four Rivers Group (https://capitalatlas.ai/funds/four-rivers-group) — Series C, Series D
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series C
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series C, Series D
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series C
- TCV (https://capitalatlas.ai/funds/tcv) — Series D
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series D