San Francisco companies are seeing a wave of new investments

Photo: Outschool/Facebook

San Francisco-based recruiting and hospitality company Instawork has secured $18 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 22 and led by Burst Capital.

According to its Crunchbase profile, "Instawork is the fastest growing career marketplace for hospitality professionals. We've changed how traditional recruiting works for small businesses (e.g a sign on the window) by turning the process into an automated matching solution. Our vision is to create economic opportunity for local businesses and professionals, globally."

The four-year-old startup has raised two previous funding rounds, including an $8.2 million Series A round earlier this year.

The round brings total funding raised by San Francisco companies in apps over the past month to $54 million. The local apps industry has produced 110 funding rounds over the past year, raking in a total of $4.9 billion in venture funding.

In other local funding news, employee benefits company Modern Health announced a $9 million Series A funding round on May 23, led by Kleiner Perkins.

According to Crunchbase, "Modern Health is a mental health benefits platform for employers. They are the only solution to cover the full spectrum of mental well-being needs through both evidence-based technology and professional support from a certified coach or therapist. Whether someone wants to proactively manage stress or treat depression, Modern Health guides people to the right care at the right time and helps companies save money in engagement and healthcare costs."

The company also raised a $2.4 million seed round in 2018.

Meanwhile, children's education company Outschool raised $8.5 million in Series A funding, announced on May 28. The round's investors were led by Reach Capital.

From the company's Crunchbase profile, "Outschool connects motivated learners, parents and teachers together to create great learning experiences. They offer unique online classes from hundreds of independent teachers. Classes meet in small groups over live video chat."

Outschool last raised $1.4 million in seed funding in 2017.

Also of note, predictive analytics company DecisionNext raised $7 million in Series A funding, announced on May 23 and financed by Dalus Capital.

From Crunchbase, "DecisionNext is building the next generation predictive analytics platform to help customers across industries make high-value decisions and improve end-to-end performance. DecisionNext solutions include commodity price forecasting, purchasing optimization, product mix optimization, capacity optimization and pricing and promotion optimization. Importantly, it is connecting these optimizations into a single system that delivers the most value to our customers."

The company previously raised $2 million in seed funding in 2015.

Rounding out the city's recent top local funding events, drones company Betterview raised $4.5 million in Series A funding, announced on May 29 and led by ManchesterStory Group.

From Crunchbase, "Betterview is the leading platform for drone-based property inspections and is quickly becoming the essential platform for every transaction around buildings and properties for decision-makers who want to reduce risk, cost and waste in an increasingly competitive environment. Betterview exists to make every property thoroughly understood. The company does this by providing software and services to capture, organize and analyze data to unlock valuable insight."

The company previously raised convertible note funding in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.