Instawork

San Francisco, California

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

About

About

Instawork is a platform that connects businesses with on-demand hourly workers, streamlining the process of hiring and managing flexible labor. The platform leverages technology to provide a quick and efficient solution for businesses in need of temporary staffing, while also offering individuals a convenient way to find flexible work opportunities. Product Breakdown: Job Posting and Matching: Employers can post temporary job opportunities on the Instawork platform, specifying requirements such as job description, skills needed, and duration. Worker Profiles: Instawork maintains comprehensive profiles for each worker, including their skills, experience, and ratings from previous gigs. This facilitates better matching between employers and workers. Real-time Scheduling: The platform offers real-time scheduling features, allowing employers to adjust shifts and workers to find immediate work opportunities based on their availability. Automated Payments: Instawork facilitates seamless and automated payment processes, ensuring that workers get compensated promptly for their services. Communication Tools: Built-in communication tools enable employers and workers to communicate efficiently, ensuring a smooth coordination process during shifts. Performance Analytics: Employers can access analytics tools to evaluate the performance of workers and make informed decisions about future hires. Rating and Review System: Both employers and workers can provide feedback through a rating and review system, contributing to a transparent and trustworthy community. Mobile App: Instawork offers a mobile application for both employers and workers, enhancing accessibility and convenience.

Keywords

Keywords

Classified

Private