Work Market Closes $20 Million in Growth Capital - Seite 2

"As one of the original investors in Work Market, we recognized the company's promise in transforming the labor market," said Mo Koyfman, General Partner of Spark Capital. "With its cutting-edge freelance management platform, Work Market is carrying out that mission and defining a new category in the industry. As the company continues its rapid growth trajectory and brings new innovations to market, we are eager to support its expansion and ongoing success."

"We are excited to be joining the investor group in support of Work Market," said Hans Swildens, CEO and Founder of Industry Ventures. "We have a great deal of passion in and understanding of the labor transformation that is rolling across the enterprise. Work Market has done a great job in bringing a critical solution to market, and we look forward to helping them expand their reach in the years ahead."

"Silicon Valley Bank is excited to be partnering with Work Market, providing a debt facility and helping this innovative company accelerate its growth," said Bonnie Ryan, Director of Silicon Valley Bank in New York. "As the labor market continues to transform, Work Market is on the forefront with its freelance worker platform, bringing a new approach to collaboration between employers and workers."

About Union Square Ventures
Union Square Ventures is a venture capital firm based in New York City. We are a small collegial partnership that manages $450,000,000 across three funds. Our portfolio companies create services that have the potential to fundamentally transform important markets http://usv.com.

About Spark Capital
Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world-changing companies. Founded in 2005, the firm manages approximately $1,500,000,000 across four funds. Headquartered in Boston, Spark maintains an office in New York and invests across the globe. Spark Capital focuses on Internet and mobile investments across the following key categories: advertising & monetization, commerce & services, content & media, financial services, hardware & infrastructure, mobile and social. Some of Spark Capital's most notable investments include Adap.tv (acquired by AOL), AdMeld (acquired by Google), Oculus (acquired by Facebook), OMGPOP (acquired by Zynga), Tumblr (acquired by Yahoo!), and Twitter (NYSE: TWTR). For more information, visit www.sparkcapital.com.