WorkMarket
| Company type | Subsidiary |
|---|---|
| Industry | Software |
| Founded | May 2010 |
| Founder | Jeffrey Leventhal |
| Headquarters | New York City , United States |
Key people | Stephen DeWitt (CEO) |
| Products | Online platform and marketplace for managing freelance and contingent labor |
| Parent | Automatic Data Processing (ADP) |
| Website | workmarket |
WorkMarket is a software firm headquartered in New York City that provides an online platform and marketplace designed to help organizations manage contingent labor and IT professionals. Established in May 2010 by founder Jeffrey Leventhal, the company specializes in optimizing the administration of freelance workforces.
In January 2018, WorkMarket became part of Automatic Data Processing (ADP), a leader in payroll automation, thereby strengthening ADP’s offerings with enhanced capabilities for managing independent contractors.
Software
WorkMarket delivers its platform and marketplace both directly and through partner networks to companies integrating freelancers, contractors, and consultants within their talent acquisition frameworks. Additionally, numerous businesses utilize WorkMarket independently to oversee their existing freelance networks.
The solution facilitates the entire process for clients—from sourcing and vetting to onboarding, project assignment, payment processing, and performance evaluation of freelance personnel. For freelancers, it provides a marketplace to discover opportunities, upload resumes, and create digital portfolios. Both employers and freelancers benefit from WorkMarket’s dashboard and mobile application, which streamline ongoing project management, support efficient global operations, and contribute to expanding market presence in the contingent workforce sector.
History
CEO and founder Jeffrey Leventhal conceived WorkMarket following his experience founding and selling OnForce, a digital marketplace focused on IT talent management. Drawing on his industry expertise, Leventhal recognized a need to simplify the recruitment and administration of 1099 contractors. He joined forces with Jeffrey Wald to establish the founding leadership team. In 2011, WorkMarket introduced a beta version of its platform to a select group of 20 companies, initially operating through an invitation-only model to cultivate its corporate clientele.
A significant leadership change occurred in January 2015 when Stephen DeWitt assumed the role of CEO.
The company’s board comprises notable investors including Fred Wilson from Union Square Ventures, Mo Koyfman of Spark Capital, founder Jeffrey Leventhal himself, along with Tig Gilliam and Jordan Levy. In February 2015, Tig Gilliam was appointed chairman, reinforcing strategic governance.
Between 2010 and 2017, WorkMarket raised more than $60 million in venture funding to fuel its development and market penetration.
Recognition
In 2015, Gartner recognized WorkMarket as a Cool Vendor in Procurement Sourcing for its innovative business approach. The platform also received positive analysis in Spend Matters research related to procurement solutions. Demonstrating rapid expansion with a two-year growth rate of 581%, WorkMarket earned the No. 20 spot on Crain's New York Business Fast 50 list in 2014 and was named one of America's Most Promising Companies by Forbes that same year.
Founder and CEO Jeffrey Leventhal was included in Staffing Industry Analysts' Top 100 list, highlighting his influential role in staffing strategy. Both Leventhal and Jeffrey Wald have been featured by Bloomberg, Fortune, and other leading publications for their perspectives on the changing freelance economy, emphasizing their impact as visionary leaders advancing WorkMarket’s position in the market.