Upwork - About the company
Upwork is a public company based in San Francisco (United States), founded in 1999 by Stratis Karamanlakis, Srini Anumolu and Sanjay Noronha. It operates as a Provider of freelance marketplace connecting businesses with independent talents. Upwork has raised $74M in funding from investors like Benchmark, SV Angel and DAG Ventures. The company has 1907 active competitors, including 168 funded and 64 that have exited. Its top competitors include companies like Fiverr, Braintrust and Freelancer.
Company Details
Provider of freelance marketplace connecting businesses with independent talents. It offers an AI powered suggestions, screening questions, and boosted proposals for visibility, built-in tool with screenshots and activity logs for hourly work transparency . It provides in-app messaging, file sharing, video calls, and mobile apps for iOS and Android.
- Website
- upwork.com
- Social
- Email ID
- *****@upwork.com
- Phone Number
- +1 **********
- Registered Address
- Santa Clara, California
Key Metrics
Founded Year
1999
Location
San Francisco, United States
Stage
Public
Total Funding
$74M in 6 rounds
Latest Funding Round
Ranked
1st among 1907 active competitors
Annual Revenue
$788M as on Dec 31, 2025
Employee Count
174,056 as on Apr 30, 2026
Exit Details
Public
Legal entities associated with Upwork
Upwork is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ELANCE-ODESK, INC. CIN: 464337682 , United States, Active | Dec 31, 1999 | - | 619 (As on Dec 31, 2024) | - |
UPWORK INC. CIN: 1627475 , United States, Active | Dec 12, 2013 | $788M (As on Dec 31, 2025) | - | - |
ELANCE LIMITED CIN: 997380282 , Norway, Active | Jun 15, 2011 | - | - |
Upwork's IPO details
Upwork got listed on Oct 03, 2018.
Click here to take a look at Upwork's IPO in detail
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Upwork's funding and investors
Upwork has raised a total funding of $74M over 6 rounds. Its first funding round was on Apr 25, 2006. Upwork has 25 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Upwork:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 10, 2021 | 2662286 | Post IPO | 5276949 | 4665514 | 6222476 | 4244312 |
Nov 25, 2014 | 9104433 | Series E | 9851019 | 6104432 | 6856199 | |
Apr 04, 2012 | 2603097 | Series D | 6633607 | 5601839 |
Access funding benchmarks and valuations. Sign up today!View details of Upwork's funding rounds and investors
Upwork's founders and board of directors
Founder? Claim ProfileThe founders of Upwork are Stratis Karamanlakis, Srini Anumolu and Sanjay Noronha. Hayden Brown is the CEO of Upwork.
Here are the details of Upwork's key team members:
- Stratis Karamanlakis: Former Co-Founder of Upwork. Contact Info: 1 email address
- Srini Anumolu: Former Co-Founder of Upwork. Contact Info: 1 email address
- Sanjay Noronha: Former Co-Founder of Upwork. Contact Info: 1 email address
- Hayden Brown: CEO of Upwork. Contact Info: 1 email address
View details of Upwork's Founder profiles and Board Members
Upwork's employee count trend
Upwork has 174,056 employees as of Apr 26. Here is Upwork's employee count trend over the years:
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Upwork's Competitors and alternates
Top competitors of Upwork include Fiverr, Braintrust and Freelancer. Here is the list of Top 10 competitors of Upwork, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Upwork 1999, San Francisco (United States), Public | Provider of freelance marketplace connecting businesses with independent talents | $74M | 83/100 | |
2nd | Online freelance marketplace for multi-industry | $111M | 81/100 | ||
3rd | Braintrust 2018, San Francisco (United States), Series A | Decentralized marketplace for tech freelancers | $29M | 68/100 | |
4th | Freelancer 2009, Sydney (Australia), Public | Online freelancer marketplace for multiple industries | - | 67/100 | |
5th | Clickworker 2005, Essen (Germany), Acquired | Crowdsourced marketplace for data processing jobs | $6.04M | 66/100 | |
6th | Online job board for freelancers | $68M | 63/100 | ||
7th | SteadyIQ 2017, Culver City (United States), Series B | Provider of technology-enabled platform that provides a digital paystub solution | $24.1M | 63/100 | |
8th | PeoplePerHour 2007, London (United Kingdom), Series A | Freelance Marketplace | $33.2M | 62/100 | |
9th | Immunefi 2020, Switzerland, Series A | Online freelancer marketplace for blockchain experts | $29.5M | 61/100 | |
10th |  Contra 2019, San Francisco (United States), Series B | Online freelance professionals networking platform | $45M | 61/100 |
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Upwork's Investments and acquisitions
Upwork has made 2 investments in companies including DisruptED and Remine. Upwork has also acquired 2 companies including Ascen and Bubty.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 06, 2025 | Acquisition | 2018 | Boston (United States) | |
Aug 06, 2025 | Acquisition | 2019 | The Hague (Netherlands) | |
Jul 08, 2020 | Investments | 2016 | Austin (United States) |
Want to know more about where corporates are investing? Sign up today!News related to Upwork
Filter this listMedia has covered Upwork for a total of 48 events in the last 1 year, 31 of them have been about company updates and 3 about partnerships.
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Payoneer and Upwork Extend 15-Year Partnership to Power Global Freelance PaymentsGlobal Fintech Series•May 14, 2026•Upwork, Payoneer
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Upwork's Q1 2026 Earnings: Cost Cuts, Layoffs Amid Slow Growth and AI FocusHrtechfeed•May 09, 2026•Upwork
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Upwork Reports First Quarter 2026 Financial Results and Raises Full Year GuidanceHrtechfeed•May 07, 2026•Upwork
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Upwork App Connects ChatGPT Users to Expert FreelancersPYMNTS.com•Apr 09, 2026•OpenAI, Upwork, FIDO Alliance
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Ancient Art L.P. Raises Stock Position in Upwork Inc. $UPWKMarketBeat•Mar 15, 2026•Upwork, Teton Capital
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Campbell & CO Investment Adviser LLC Lowers Stock Position in Upwork Inc. $UPWKMarketBeat•Jan 23, 2026•Campbell & Company, Upwork
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