Work Market Raises $20M in Growth Capital

Funding Rounds

▤ Summary

Work Market, a Huntington, NY and in New York City, NY-based solution that helps companies find, engage, manage and pay their freelance and independent contractor workforce from a single platform, raised $20m in growth capital.The round was led by Union Square Ventures, with participation from Spark Capital, SoftBank Capital, Industry Ventures and Silicon Valley Bank.The company intends to use the funds to accelerate investment in R&D, go to market capabilities, expand the Work Market marketplace and grow the community.Led by CEO Stephen DeWitt, Work Market is a SaaS-based enterprise-class platform for the management of contract and freelance talent.Businesses of all sizes use the platform to manage the complete lifecycle of their freelance talent, including the selection and engaging of contracted resources, the deployment and ongoing management of labor at scale and all associated payment and reporting processes.

$ Funding

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Amount $20.0M Total raised
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Date January 21, 2015 Announcement date
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Investors 137 Ventures, WorkMarket, SVB Capital, SoftBank Capital, Union Square Ventures, Spark Capital LLC, Industry Ventures Lead investors
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Company http://www.workmarket.com Funded company

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
SaaS Workforce Management Software Independent Contractor Management

▦ Linked Companies

WorkMarket
$10M to $25M