US-based staffing service provider Instawork has secured $18m in funding from investors including GV, the corporate venturing subsidiary of internet and technology conglomerate Alphabet formerly known as Google Ventures.
GV took part in the round alongside Spark Capital, Burst Capital, Benchmark, Y Combinator, Tuesday Capital and SV Angel. Nabeel Hyatt, general partner at Spark Capital, will join the Instawork board of directors in conjunction with the round.
Founded in 2015, Instawork operates an online platform that is used by businesses in the hospitality sector, such as restaurants and cafes, to find and book professional staff. The company also handles the insurance, billing and payments elements of the process.
Proceeds from the round will fund Instawork’s domestic expansion plans, which include the opening of a second US office in Scottsdale. It also plans to grow the teams at its Bay Area headquarters and Bangalore, India office.
Instawork revealed in February 2018 it had raised $10m from Benchmark, Y Combinator, Tuesday Capital, SV Angel and Liquid 2 Ventures across its seed and series A rounds. Benchmark had recently led an $8.2m series A round for the company, according to the Wall Street Journal.