About Drafted
Drafted is a company based in Boston (United States) founded in 2015 was acquired by Instawork in August 2021.. Drafted has raised $5.97 million across 4 funding rounds from investors including Slack, Instawork and Accel. Drafted operates in a competitive market with competitors including Circular, Hunt Club, Pursuit, Paraform and Tangent, among others.
- Headquarter Boston, United States
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Sectors
Technology
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $1.1M
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First Round
First Round
(19 May 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Drafted | Valuation |
investors |
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| Apr, 2017 | Amount | Seed - Drafted | Valuation | Slack | |
| Jun, 2015 | Amount | Seed - Drafted | Valuation | General Catalyst , Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Drafted
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drafted
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drafted Comparisons
Competitors of Drafted
Drafted operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Circular, Hunt Club, Pursuit, Paraform and Tangent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated logistics for grain transportation are provided by Circular.
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| domain | founded_year | HQ Location |
Referral-based recruitment solutions are delivered through an online platform.
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| domain | founded_year | HQ Location |
Job-oriented coding courses are offered by this non-profit organization.
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| domain | founded_year | HQ Location |
Referral networks for enterprises are enabled via an online platform.
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| domain | founded_year | HQ Location |
A platform is provided for jobseekers to connect with tech mentors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drafted
Frequently Asked Questions about Drafted
When was Drafted founded?
Drafted was founded in 2015.
Where is Drafted located?
Drafted is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Drafted a funded company?
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 $2.5M, raised on May 19, 2015.
What does Drafted do?
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.
Who are the top competitors of Drafted?
Who are Drafted's investors?
Drafted has 7 investors. Key investors include Slack, Instawork, Accel, Lightspeed Venture Partners, and General Catalyst.
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