About Drafted
Drafted is a Technology company based in Boston (United States) founded in 2015, and was acquired by Instawork in August 2021. Employee referral network-based hiring platform. Drafted has raised $5.97 million across 4 funding rounds from investors including Slack, Instawork and Accel. The company was acqui-hired. Its focus areas include Enterprise Applications, HRTech and Referral Network. Its competitors include Circular, Hunt Club and Pursuit; 2 of its 3 listed competitors have raised funding.
Company details
Drafted was founded in 2015 and is based in Boston, United States. The platform operates in the recruitment technology sector, enabling job seekers to build profiles with skills, education, experience, and CV uploads. Referrals from friends and former colleagues are requested to connect with recruiters. Key features encompass candidate scorecards, engagement tools, and feedback mechanisms. A subscription-based model is employed, with clients including Better.com, Karat, and Toast.
- Headquarters Boston, United States
- Stage Acquired
- SectorsTechnology
- Website drafted.us
- Social LinkedIn X
- Acquired by Instawork (Aug 2021)
Funding Insights of Drafted
Drafted has successfully raised a total of $5.97M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.07 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.97M
- Total Rounds 4
- Last Round Seed — $1.07M
- First Round $697,000
(May 2015)
- Investors Count 6
All 4 funding rounds of Drafted with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $1.07M | Seed | – | – | – |
| Apr 2017 | $1.7M | Seed | – | Slack | |
| Jun 2015 | $2.5M | Seed | – | General Catalyst, Lightspeed Venture Partners | |
| May 2015 | $697,000 | Seed | – | – | – |
7 investors in total: 7 institutional.
Investors in Drafted
Drafted has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Slack, Instawork and Accel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | |||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Boston Venture Studio is engaged in startup development and incubation. | bvs.net | Boston, United States | ||
| teamlaunch.com | ||||
Cloud-based team communication and collaboration platform is provided. | 2009 | slack.com | San Francisco, United States | |
Cloud-based on-demand staffing platform for multi-industry | 2015 | instawork.com | San Francisco, United States |
Investor details for Drafted
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Timeline of Drafted
4 dated milestones of Drafted across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Drafted is founded.
- Funding First funding round of $697K.
- Funding Latest funding round, Seed, of $1.1M.
- Exit Acquired by Instawork.
Competitors of Drafted
Drafted has 3 listed competitors in our database, 2 of them funded. They include Circular, Hunt Club and Pursuit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| appcircular.com | 2018 | New York, United States | Integrated logistics for grain transportation are provided by Circular. | |||
| huntclub.com | 2014 | Chicago, United States | $56.3M | 86 | Referral-based recruitment solutions are delivered through an online platform. | |
| pursuit.org | 2011 | New York, United States | $10M | 46 | Job-oriented coding courses are offered by this non-profit organization. |
Detailed competitors of Drafted
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Drafted
The website of Drafted (drafted.us) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 51.8% vs previous month
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Drafted (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Drafted
Complete news archive for Drafted
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Frequently Asked Questions about Drafted
Drafted was founded in 2015.
Drafted is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Drafted is a funded company, having raised a total of $5.97M across 4 funding rounds to date. The company's 1st funding round was a Seed of $697K, raised on May 2015.
Drafted was founded in 2015 and is based in Boston, United States. The platform operates in the recruitment technology sector, enabling job seekers to build profiles with skills, education, experience, and CV uploads. Referrals from friends and former colleagues are requested to connect with recruiters. Key features encompass candidate scorecards, engagement tools, and feedback mechanisms. A subscription-based model is employed, with clients including Better.com, Karat, and Toast.
Drafted has 7 investors. Key investors include Slack, Instawork, Accel, Lightspeed Venture Partners, and General Catalyst.
Yes. Drafted was acquired by Instawork in August 2021.