Jeff Leventhal, CEO of Work Market, reached out to us today to let us know about the company’s most recent round of funding. This time it’s a $10 million Series Scale financing. The round was led by new investor SoftBank Capital with participation from existing investors Union Square Ventures and Spark Capital. Jordan Levy, General Partner with SoftBank Capital NY, will join the Work Market Board of Directors as an observer.Founded in 2010 by Jeffrey Leventhal and Jeff Wald, Work Market provides hundreds of corporations such as Omnicom, Adecco and Lockheed Martin with an enterprise software solution to manage freelancers and contractors. Clients access a marketplace of highly skilled freelancers, in which nearly 10,000 people are engaged in work every day.
The $10 million Series Scale investment will allow Work Market to invest and expand its sales and marketing efforts. “At Work Market we have built a market leading product that has shown its effectiveness in serving over 250 clients, including some of the country’s largest enterprises. It is now time to raise the profile of our business and broaden our sales reach, and this capital round allows us to do just that,” Leventhal said. “We are also thrilled to add Jordy Levy to the team given his extensive experience in scaling enterprise businesses.”
Led by Leventhal, the former CEO of OnForce, Work Market has had prominent partnership announcement in recent months, specifically one with Autotask, and most recently Field Solutions.