Upwork logo — Built for businesses, freelancers, and the AI-powered future...

Upwork

Built for businesses, freelancers, and the AI-powered future of work.

Founded 2015 United States San Francisco, United States 174424 employees IPO Total: $334.80M Marketplaces, Human Resources

General Information

Company Name Upwork
Founded Year 2015
Location United States San Francisco, United States
Employees 174424
Industries Marketplaces, Human Resources
Funding Stage IPO
Business Model Marketplace, Platform, B2B
Revenue Model Marketplace Fee, Service Fee, Subscription

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About Upwork

Upwork, founded in 2015, operates at the intersection of Marketplaces and Human Resources industries. As the world’s work marketplace, Upwork connects businesses with independent talent globally, serving entities from one-person startups to Fortune 100 enterprises. Its slogan, "Built for businesses, freelancers, and the AI-powered future of work," underscores its strategic position in the evolving gig economy.

The platform supports over 10,000 skills across various categories, such as website & app development, creative & design, and operations, empowering companies and freelancers to unlock new potentials. Headquartered in the United States, Upwork stands out for its trust-driven approach.

Since its last major investment, a $187.00M IPO investment on 01 October 2018, Upwork has continued to enhance its platform, vital for investors seeking opportunities in the tech-driven labor market. The company’s robust platform positions it as a critical player in the future of work.

Business keywords: online work marketplace, independent talent, remote collaboration, freelance engagement, web development, app development, creative design, customer support, finance & accounting, consulting services, operations support, economic opportunities, secure payments, flexible collaboration, talent community

Services & Products

Connecting businesses with freelancers
Job posting and talent matching
Payment processing for freelance work
Business and freelancer support tools

Target Customers

Businesses seeking freelance talent Freelancers in various fields Enterprise clients needing scalable solutions Agencies looking for project partners

Funding Rounds & Investors (11)

View All
Funding Stage Amount Investors Lead Investors Date
IPO $187.00M -
01 Oct 2018
Round Undisclosed -
01 Jan 2017
Secondary Market Undisclosed 2
Section Partners, EquityZen
01 Oct 2016
Late VC $30.00M 10
FirstMark, Kleiner Perkins +8
01 Nov 2014
Late VC $16.00M 2
NEA, Stripes
01 Jan 2012
Series C $15.00M 2
Benchmark, DAG Ventures
01 Jun 2008
Series B $8.00M 2
Benchmark, Globespan Capital Partners
01 Sep 2006
Series A $10.00M 1
NEA
01 Aug 2004
Late VC $6.80M 1
NEA
01 Apr 2003
Late VC $50.00M 1
Kleiner Perkins
01 Sep 2000

View All 11 Funding Rounds

Upwork Alternatives & Competitors

View All Alternatives
Upwork vs
Instant Teams
Instant Teams United States

Marketplace on a Mission

Series A
273 employees
Marketplaces, SaaS
Upwork vs
Treamer
Treamer Finland

Get work. Done. With the world's fastest job-matching app.

Seed
69 employees
B2B, B2C
Upwork vs
TjobsEU
TjobsEU The Netherlands

𝐓𝐚𝐥𝐤 𝐓𝐨 𝐓𝐣𝐨𝐛𝐬 & 𝐆𝐞𝐭.𝐇𝐈𝐑𝐄𝐃 🍀

Private Equity
23 employees
Enterprise Software, Marketplaces

FAQ About Upwork

Built for businesses, freelancers, and the AI-powered future of work.
Upwork was founded in 2015.
Upwork is headquartered in San Francisco, United States.
Upwork operates in Marketplaces and Human Resources. Its work centres on online work marketplace, independent talent, remote collaboration and freelance engagement. Its customers include Businesses seeking freelance talent, Freelancers in various fields and Enterprise clients needing scalable solutions.
Upwork has a Marketplace, Platform and B2B business model. Its revenue comes from Marketplace Fee, Service Fee and Subscription.
Upwork has approximately 174424 employees.
Upwork has completed 11 funding rounds, raising a total of $334.80M. The latest funding stage is IPO.
Upwork offers: Connecting businesses with freelancers, Job posting and talent matching, Payment processing for freelance work, Business and freelancer support tools.
Top alternatives and competitors to Upwork include Instant Teams, Treamer, TjobsEU, shortlistd.io, Worksible. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Upwork and Instant Teams are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Upwork, https://bouncewatch.com/company/upwork, updated 12 May 2026. When citing, please name BounceWatch and link this page.

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