According to Finsmes, backers included Accenture PLC and Foundry Group.

The company will use the capital to continue to expand operations.

Co-founded in 2010 by Jeffrey Leventhal and Jeffrey Wald and led by CEO Stephen DeWitt, WorkMarket is a cloud-based freelance management system for businesses of all sizes across all industries to manage every aspect of their independent contractor and freelance workforce. The solution gives companies such Yahoo!, the visibility into every aspect of their freelance workforce (geographic coverage, labor costs, etc.) to mitigate compliance risk, increase work quality, optimize labor costs and deliver more value to customers.