About Upwork
Upwork is a company based in San Francisco (United States) founded in 1999. Upwork has raised $140 million across 8 funding rounds from investors including T. Rowe Price, FirstMark and Benchmark. The company has 600 employees as of December 31, 2024. Upwork has completed 2 acquisitions, including Ascen and Bubty. Upwork operates in a competitive market with competitors including Fiverr, Iziwork, Freelancer, Malt and ZBJ, among others.
- Headquarter San Francisco, United States
- Employees 600 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Upwork Inc.
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Annual Revenue
$787.78 M (USD)2.4as on Dec 31, 2025
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Net Profit
$115.42 M (USD)-46.46as on Dec 31, 2025
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EBITDA
$156.56 M (USD)87.14as on Dec 31, 2025
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Total Equity Funding
$140 M (USD)
in 8 rounds
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Latest Funding Round
$575 M (USD), Post-IPO
Aug 10, 2021
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Investors
T. Rowe Price
& 10 more
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Employee Count
600
as on Dec 31, 2024
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Investments & Acquisitions
Ascen
& 1 more
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IPO & Listings of Upwork
Upwork is a publicly listed company on the NASDAQ with ticker symbol UPWK in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Upwork
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Software Development Team
97 people
Creative and Marketing Team
55 people
Sales and Marketing
26 people
Leadership Team
21 people
Senior Team
16 people
Data Analysis and Operations Team
12 people
Web Team
12 people
Finance and Accounting
11 people
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Funding Insights of Upwork
Upwork has successfully raised a total of $140M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $575 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Upwork
Upwork has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include T. Rowe Price, FirstMark and Benchmark.
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Early-stage VC investments are made in US, Canada, and Asia.
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Venture capital investments are offered to startups by NEA.
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Investor details for Upwork
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Upwork
Upwork has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ascen and Bubty.
Investment portfolio details for Upwork
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of contingent workforce management platform
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Online HRMS portal for temporary workforce
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Complete acquisition details for Upwork
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Financial Statements - Upwork
Detailed financials for Upwork
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- Profit trends
- Statement rows
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Upwork Comparisons
Peer comparison for Upwork
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Competitors of Upwork
Upwork operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fiverr, Iziwork, Freelancer, Malt and ZBJ, among others.
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Freelance services are facilitated via an online multi-industry marketplace.
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Freelancers are matched with employers via an online job platform.
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An online marketplace is operated for freelancers in various industries.
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Freelance marketplace operated to connect experts with company projects.
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Freelancers are matched with clients via an online services platform.
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Detailed competitors of Upwork
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Upwork
Complete news archive for Upwork
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- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Upwork
Upwork was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Upwork is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Hayden Brown is the current CEO of Upwork.
Upwork is a funded company, having raised a total of $140M across 8 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Upwork is 600.
Annual revenue of Upwork is $787.78M as on Dec 31, 2025.
Provider of marketplace connecting businesses with professionals and agencies. The platform allows users to post job requests by mentioning job specifications and requirements and allows freelancers to send bids. It allows recruiters to review the bids, chat, video call, compare bids, track and buy projects, and hire and pay for work done. It enables collaboration between network of independent professionals, including accountants, CAD designers, fashion designers, ghostwriters, graphic designers, product developers, square space developers, tax preparers, virtual assistants, and more. The offering sectors include sales, marketing, writing, information technology, consumer service, and more.
Upwork's top competitors include Fiverr, Freelancer and Iziwork.
Yes, Upwork is publicly traded on NASDAQ under the ticker symbol UPWK.
Upwork has 11 investors. Key investors include T. Rowe Price, FirstMark, Benchmark, Sigma Partners, and NEA.
The ticker symbol of Upwork is UPWK on NASDAQ.