Work Market, a Huntington, NY-based enterprise-class freelance labor platform and marketplace, closed a $10m financing.
The round was led by new investor SoftBank Capital with participation from existing investors Union Square Ventures and Spark Capital. In conjunction with the funding, Jordan Levy, General Partner at SoftBank Capital NY, will join Work Market’s Board of Directors as an observer.
The company intends to use the funds to expand its sales and marketing efforts.
Founded in 2010 by CEO Jeffrey Leventhal and Jeff Wald, Work Market provides corporations such as Omnicom, Adecco, NCR and Lockheed Martin with an enterprise platform and markeplace to manage the complete lifecycle of their freelance labor, including the selection and hiring of contracted resources, the deployment and ongoing management of labor at scale and all associated payment and legal compliances.
The company has offices in Washington, DC and New York City.