Today, I am pleased to announce two significant milestones toward achieving our vision: creating economic opportunity for local businesses and professionals, globally.
The first milestone is sharing that we have secured $18 million in new funding from new investors, Spark Capital, GV, and Burst Capital, with participation from existing investors Benchmark, Y Combinator, Tuesday Capital, and SV Angel. As part of the round, Nabeel Hyatt, General Partner at Spark Capital, will join the Instawork board. The new funding will be used to accelerate expansion across the United States.
We feel incredibly fortunate to have a world class team of investors who share our passion to empower local businesses and underserved professionals. With their support, our plan is to bring Instawork to more cities across the United States.
The second milestone is our expansion into Greater Phoenix. Now, Instawork is available to all Professionals and Partners across Phoenix, Scottsdale, Mesa, and surrounding areas. Further, we are opening our second U.S. office in Scottsdale with plans to hire dozens of full time employees who will be based out of Scottsdale. We look forward to being a critical part of the hospitality industry in this thriving market.
While we are taking a quick moment to celebrate our progress, we know we have a lot of work to do. We're growing our teams in the Bay Area and in Bangalore, and would love to hear from you if you share our vision and values around the future of work. It's a long road ahead and there is much to do!
You can also visit www.instawork.com or download our free mobile apps to learn more about Instawork and becoming an Instawork Professional or Partner.
Onward,
Sumir
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