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M&A Deal Summary

Instawork Acquires Drafted

On August 3, 2021, Instawork acquired internet software and services company Drafted

Acquisition Highlights
  • This is Instawork’s 1st transaction in the Internet Software and Services sector.
  • This is Instawork’s 1st transaction in the United States.
  • This is Instawork’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-08-03
Target Drafted
Sector Internet Software and Services
Buyer(s) Instawork
Deal Type Add-on Acquisition

Target

Drafted

Cambridge, Massachusetts, United States
Drafted s a network recruiting platform that empowers people and companies to connect through introductions. Drafted offers several networking products to both employers and individuals. Drafted is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

Instawork

San Francisco, California, United States
Category Company
Founded 2016
Sector Staffing
DESCRIPTION

Instawork flexible staffing solutions for local, hourly professionals. Its digital marketplace connects thousands of businesses and more than one million workers in the U.S., filling a critical role in local economies. Instawork helps businesses in the food & beverage, hospitality, and warehouse/logistics industries fill temporary and permanent job opportunities in more than 25 U.S. markets. Instawork was founded in 2016 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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