Online staffing platform Instawork raises $60 million

Online staffing platform Instawork 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; existing investors Benchmark, Spark Capital, GV, Burst Capital and SV Angel also participated.

Craft General Partner Jeff Fluhr will join Instawork’s board of directors.

“Every day we hear more news about businesses that can’t hire workers to meet the sharp rise in demand,” Fluhr said. “Instawork has cracked the code for hiring flexible hourly workers: its seamless marketplace solves the problem that hospitality businesses, restaurants, warehouses, sports stadiums, and retail outlets have all been experiencing.”

Founded in 2016, Instawork says its digital marketplace connects thousands of businesses and more than one million workers in the US. Targeted sectors include food and beverage, hospitality and warehouse/logistics industries in more than 25 US markets.

The original article can be found at: Staffing Industry Analysts