Add-on Acquisition • Internet Software and Services

Instawork Acquires Drafted

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

Acquisition Context

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.

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M&A Deal Summary
Date	August 3, 2021
Target	Drafted
Sector	Internet Software and Services
Buyer(s)	Instawork
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Massachusetts	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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