WorkMarket Overview
- Year Founded
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2010
- Status
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Acquired/Merged
- Employees
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160
- Latest Deal Type
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M&A
- Latest Deal Amount
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$125M
WorkMarket General Information
Description
Developer of a SaaS labor automation platform designed to help companies build and scale a flexible workforce. The company's cloud-based freelance management software and contractor management system provide recruiting tools to consolidate every aspect of freelance management into one simple dashboard, verify skills and credentials through automated screening, engage with professionals through talent pools, pay workers instantly, automatically and by any method as well as rate worker performance, enabling companies to automate everything from onboarding to payment so they grow their business and not administrative burden.
Contact Information
Website
www.workmarket.com(Operating Subsidiary)
Corporate Office
- 240 West 37th Street
- Room 301
- New York, NY
- United States
Corporate Office
- 240 West 37th Street
- Room 301
- New York, NY
- United States
WorkMarket Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Merger/Acquisition | 22-Jan-2018 | $125M | Completed | Generating Revenue | ||
| 6. Later Stage VC (Series C1) | 25-Apr-2017 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series C) | 15-Jan-2015 | Completed | Generating Revenue | |||
| 4. Buyout/LBO (Add-on) | 21-Nov-2014 | Cancelled | Generating Revenue | |||
| 3. Early Stage VC (Series B) | 23-May-2013 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series B) | 07-Sep-2011 | $5M | $11M | Completed | Generating Revenue | |
| 1. Early Stage VC (Series A) | 04-Jun-2010 | $6M | $6M | Completed | Generating Revenue |
WorkMarket Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C1 | ||||||||
| Series C | ||||||||
| Series Scale | 5,323,531 | $0.000100 | $0.15 | $1.88 | $1.88 | 1x | $1.57 | 8.51% |
| Series A | 6,764,706 | $0.000100 | $0.07 | $0.89 | $0.89 | 1x | $0.89 | 9.03% |
WorkMarket Comparisons
Industry
Financing
Details
WorkMarket Competitors (34)
One of WorkMarket’s 34 competitors is Jobvite, a Private Equity-Backed company based in Indianapolis, IN.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Jobvite | Private Equity-Backed | Indianapolis, IN | ||||
| Avature | Accelerator/Incubator Backed | London, United Kingdom | ||||
| SmartRecruiters | Venture Capital-Backed | San Francisco, CA | ||||
| Lever (San Francisco) | Private Equity-Backed | San Francisco, CA | ||||
| Toptal | Venture Capital-Backed | Wilmington, DE |
WorkMarket Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
WorkMarket Patents
WorkMarket Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20130232062-A1 | Systems and methods for providing online market | Inactive | 01-Mar-2012 |
WorkMarket Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
WorkMarket Former Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 137 Ventures | Venture Capital | Minority | ||
| Accenture | Corporation | Minority | ||
| Foundry Group | Venture Capital | Minority | ||
| Industry Ventures | Venture Capital | Minority | ||
| S12F | Venture Capital | Minority |
WorkMarket Acquisitions (1)
WorkMarket’s most recent deal was a Merger/Acquisition with OnForce. The deal was made on 09-Aug-2017.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| OnForce | 09-Aug-2017 | Merger/Acquisition | Media and Information Services (B2B) |
WorkMarket FAQs
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When was WorkMarket founded?
WorkMarket was founded in 2010.
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Where is WorkMarket headquartered?
WorkMarket is headquartered in New York, NY.
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What is the size of WorkMarket?
WorkMarket has 160 total employees.
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What industry is WorkMarket in?
WorkMarket’s primary industry is Business/Productivity Software.
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Is WorkMarket a private or public company?
WorkMarket is a Private company.
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What is the current valuation of WorkMarket?
The current valuation of WorkMarket is .
-
What is WorkMarket’s current revenue?
The current revenue for WorkMarket is .
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How much funding has WorkMarket raised over time?
WorkMarket has raised $61M.
-
Who are WorkMarket’s investors?
137 Ventures, Accenture, Foundry Group, Industry Ventures, and S12F are 5 of 9 investors who have invested in WorkMarket.
-
Who are WorkMarket’s competitors?
Jobvite, Avature, SmartRecruiters, Lever (San Francisco), and Toptal are some of the 34 competitors of WorkMarket.
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When was WorkMarket acquired?
WorkMarket was acquired on 22-Jan-2018.
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Who acquired WorkMarket?
WorkMarket was acquired by Automatic Data Processing.
Data Transparency
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