Instawork Raised $60M Series D

California-based, Instawork, a job-providing platform that helps companies connect with talent hourly raised $60 million at a whopping valuation of $760 million led by TCV in a Series D round.

This round brought a total of $160M in funds. The round was actively backed by Larry Fitzgerald Jr. and 9Yards Capital. Also, some existing investors including Spark Capital, Craft Ventures, Benchmark, and Greylock also joined the round.

Instawork $60M Series At $760M

CEO of Instawork, Sumir Meghani said that the funds raised will be used for the development of an AI-powered platform and mobile app that helps over 4 million workers to find freelance projects with thousands of businesses.

Instawork was founded in 2016 to make hourly hiring (part-time work) easy for both businesses and employees. Its AI-based platform helps many industries such as logistics, marketing, sales, and accounts to fill the void with a talented person either part-time or full-time depending on their needs across 4 million talent-registered and verified jobs-seeker.

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