Total amount raised
$168.8 Millions
Latest funding date
01/01/2017
Location
Upwork operates as a global freelancing platform that connects clients with freelancers, offering a wide range of services across various categories. The platform provides solutions for both individual clients and large enterprises, making it a versatile tool for hiring and managing talent.
Keep reading to explore the intricacies of Upwork's fundraising journey and the investors backing this innovative platform.
What Is Upwork?
Upwork, founded in 2015, operates as a global freelancing platform that connects clients with freelancers. It is headquartered in Santa Clara, California, USA. The company emerged from the merger of Elance and oDesk, originally founded by Beerud Sheth, Srini Anumolu, and Odysseas Tsatalos.
Specializing in the freelance marketplace industry, Upwork offers a wide range of services across various categories, including Development & IT, Design & Creative, and Sales & Marketing. The platform is designed to facilitate efficient and affordable collaboration between businesses and independent professionals.
How Much Funding Has Upwork Raised?
- Series A
- Amount Raised: $6M
- Date: April 2006
- Lead Investors: Sigma Partners
- Series B
- Amount Raised: $8M
- Date: September 2006
- Lead Investors: Benchmark
- Series C
- Amount Raised: $15M
- Date: June 2008
- Lead Investors: DAG Ventures
- Series D
- Amount Raised: $15M
- Date: March 2012
- Venture Round
- Amount Raised: $16M
- Date: January 2012
- Venture Round
- Amount Raised: $30M
- Date: November 2014
- Lead Investors: Benchmark
- Secondary Market
- Date: October 2016
- Venture Round
- Date: January 2017
Upwork has raised a total of $90.8M in funding.
Key Investors
- Benchmark
- Details: Benchmark is a venture capital firm based in Silicon Valley, known for its early-stage investments in technology companies. The firm has a reputation for backing successful startups and helping them scale.
- Investment Focus Areas: Technology, Internet, Mobile
- Notable Investments: Uber, Twitter, eBay
- Sigma Partners
- Details: Sigma Partners is a venture capital firm that invests in early-stage technology companies. The firm has a history of supporting innovative startups and helping them grow.
- Investment Focus Areas: Software, IT, Communications
- Notable Investments: EqualLogic, Fortify Software, Responsys
- DAG Ventures
- Details: DAG Ventures is a venture capital firm that focuses on growth-stage investments. The firm partners with companies that have demonstrated significant potential and are ready to scale.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Yelp, Glassdoor, Nextdoor
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay’s platform to access comprehensive fundraising data on companies like Upwork and gather other critical business insights.
Sign up for free to start leveraging these powerful tools today.
