Web Development » UpWork » Who Invested in UpWork?

Who Invested in UpWork?

Last updated on September 29, 2022 @ 9:26 pm

UpWork is a publicly traded online freelancing platform based in Mountain View, California. It allows businesses to find and work with remote freelancers. The company is a result of the merger of two previous companies, oDesk and Elance.

UpWork was founded in 2015 as a result of the merger between oDesk and Elance, two leading online freelancing platforms. The company is headquartered in Mountain View, California. UpWork has a global network of 12 million freelancers and 4 million clients.

UpWork went public in 2018 and is traded on the Nasdaq stock exchange under the ticker symbol UPWK. As of 2019, the company has a market capitalization of $1.6 billion.

The majority of UpWork’s revenue comes from fees charged to businesses for using the platform to find and work with freelancers. UpWork also offers premium memberships for both businesses and freelancers that offer additional features and services.

In 2019, UpWork was ranked #1 on Forbes’ list of the Best Websites for Finding Top Freelance Talent.

UpWork has received criticism for its policies regarding payment disputes between businesses and freelancers. In some cases, UpWork has been accused of siding with businesses over freelancers in disputes.

Who invested in UpWork?

UpWork went public in 2018, meaning that anyone could have invested in the company at that time. However, prior to that, the company was venture-funded by a number of well-known investment firms, including:

PRO TIP: Upwork is a publicly traded company, and as such, is subject to the risks and volatility of the stock market. Any investment in Upwork should be made with an understanding of these risks.
  • FirstMark Capital
  • Max Levchin
  • Jeff Weiner
Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.