WorkMarket is a cloud-based freelance management system that gives businesses visibility into their independent contractor and freelance workforce. The platform surfaces geographic coverage, labor costs and other workforce attributes to help mitigate compliance risk and increase work quality. It aims to optimize labor costs and enable companies to deliver more value to customers; Yahoo! is cited as a customer. The company was co-founded in 2010 by Jeffrey Leventhal and Jeffrey Wald and is led by CEO Stephen DeWitt. WorkMarket says it will use new capital to continue expanding operations. No operating metrics were disclosed in the article. Work Market provides an enterprise SaaS platform to manage the full lifecycle of freelance and contract talent, including selection, engagement, deployment, management, payments and reporting. Its solution is positioned to increase labor productivity, enhance work quality and reduce costs for businesses. The company says it has grown more than 125% annually since welcoming its first customer in 2011. With new CEO Stephen DeWitt, Work Market plans to accelerate investment in R&D, expand go-to-market capabilities, and grow its marketplace and community. The firm markets a patent-pending FMS framework and has trademarked its operational phrase for the platform. Work Market provides an enterprise-class platform and marketplace to manage the complete lifecycle of freelance labor for corporations. Its product covers selection and hiring of contracted resources, deployment and ongoing management of labor at scale, and associated payment and legal compliance. Customers include Omnicom, Adecco, NCR and Lockheed Martin. Founded in 2010 by Jeffrey Leventhal and Jeff Wald, the company is Huntington, NY–based and has offices in Washington, DC and New York City. Work Market closed a $10M financing and intends to use the funds to expand its sales and marketing efforts. Work Market operates an online marketplace that connects employers and workers. The company was founded by serial entrepreneur Jeff Leventhal. It recently received an undisclosed funding round from Spark Capital and Union Square Ventures. Following the investment, Mo Koyfman of Spark Capital and Fred Wilson of Union Square Ventures will join Work Market's board. Work Market is expanding its development and product management teams in the Greater New York area. No revenue, user metrics, or financing size beyond 'undisclosed' were provided in the article.

Total raised

$55M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2017