About Upwork
Upwork is a publicly listed company based in San Francisco (United States) founded in 1999. Businesses are connected with freelancers via an online marketplace. Upwork has raised $140 million across 8 funding rounds from investors including T. Rowe Price, FirstMark and Benchmark. The company has 600 employees. Upwork has completed 2 acquisitions, including Ascen and Bubty. Its chief executive, as recorded, is Hayden Brown. Its website upwork.com draws about 38 million monthly visits. Its focus areas include Enterprise Applications, HRTech, Freelancer Marketplace and Multi-Industry.
Company details
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.
- Headquarters San Francisco, United States
- Employees 600
- Stage Public
- SectorsTechnology
- Website category Computers Electronics and Technology
- Email••••••••
- Phone•••• ••••
- Website upwork.com
- Social LinkedIn X Facebook
- Legal Name Upwork Inc.
- Annual Revenue$787.78 M (USD)2.4as on Dec 31, 2025
- Net Profit$115.42 M (USD)-46.46as on Dec 31, 2025
- EBITDA$156.56 M (USD)87.14as on Dec 31, 2025
- Total Equity Funding$140M (USD)
in 8 rounds
- Latest Funding Round$575M (USD), Post-IPO
Aug 2021
- InvestorsT. Rowe Price
& 10 more
- Employee Count600
- Investments & AcquisitionsAscen
& 1 more
Apps and channels of Upwork
Upwork publishes 2 mobile apps with over 11M+ downloads.
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.
- Total Funding $140M
- Total Rounds 8
- Last Round Post-IPO — $575M
- First Round $50M
(Sep 2000)
- Investors Count 11
All 8 funding rounds of Upwork with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $575M | Post-IPO | – | – | – |
| Nov 2014 | $30M | Series E | – | Benchmark | |
| Apr 2012 | $15M | Series D | – | T. Rowe Price | |
| Jan 2012 | $16M | Series F | – | – | |
| Jun 2008 | $15M | Series C | – | DAG Ventures | |
| Sep 2006 | $8M | Series B | – | Benchmark | |
| Apr 2006 | $6M | Series A | – | Sigma Partners, Globespan Capital Partners | – |
| Sep 2000 | $50M | Series B | – | – |
11 investors in total: 11 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to promising startups. | benchmark.com | San Francisco, United States | ||
Early-stage VC investments are made in US, Canada, and Asia. | sigmapartners.com | Danville, United States | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Early-stage venture capital is invested in tech startups across sectors. | 1987 | firstmark.com | New York, United States | |
VC firm investing in companies in the US | globespancapital.com | Boston, United States | ||
Mid-stage venture capital investments and support for tech entrepreneurs. | dagventures.com | |||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Global investments are made in product-led growth companies. | stripes.co | New York, United States | ||
Diversified asset management services are provided to investors globally. | 1937 | troweprice.com | Baltimore, United States | |
Stripes is engaged in global growth investments for companies. | stripesgroup.com | New York, United States |
Investor details for Upwork
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Upwork
389 people are tracked at Upwork (46 in leadership, 7 in board & advisors, 336 in team); the tracked headcount is 600.
| Name | Role | Group |
|---|---|---|
Hayden Brown | CEO | Leadership |
Rajiv Bammi | Senior Director Of Engineering | Leadership |
Paul Black | VP, Engineering & CISO | Leadership |
Alice Brathwaite | Senior Director - Litigation, Product Risk And Ip/brand Management | Leadership |
Michelle Sawa | Director, Customer 360 Advocacy | Leadership |
Cassie Veres | Sr. Director, Talent Development & Learning | Leadership |
Mohan Chandolu | Head Of Product Engineering (ai, Genai) - Core Experiences, Ads, Monetization And Growth Initiatives | Leadership |
Courtney Vincent | Sr. HRBP Director | Leadership |
Shubham Sahu | Global Talent Partner | Leadership |
Erica Gessert | CFO | Leadership |
Sunita Solao | Chief People Officer | Leadership |
Zhao Chen | Senior Director Of Ai/ml | Leadership |
Brent Pliskow | VP, Customer Support | Leadership |
Kelly Monahan | Managing Director, Research Institute | Leadership |
Charlotte Johnson | Senior Director, Workplace & Remote Org Effectiveness | Leadership |
Kachar Muhammad | President, International Expansion | Leadership |
Caitlyn McNerney | Senior Director Of Strategy And Chief Of Staff, Customer Experience & Trust | Leadership |
Ross Bul | Director, HR Business Partner | Leadership |
Brandon Metten | Partner Marketing Manager | Leadership |
Stacey la Torre | Vp, Chief Of Staff To The Chief People Officer | Leadership |
369 more people are available in the full profile.
Complete people profiles for Upwork
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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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.
- IPO date03 Oct 2018
- Listed onNASDAQ: UPWK
- Listed entityUpwork Inc.
- Exchange sectorCommercial services
- ISINUS91688F1049
- Share price$8.64 (+0.35% on the day) · 2026-10-13
- Market capitalisation$1.08B
- Price to earnings11.3
- EPS (diluted, trailing year)$0.76
- Volume (last session)2,181,989
Financials of Upwork
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $787.8M | $115.4M | $156.6M |
| 2024 | $769.3M | $215.6M | $83.7M |
| 2023 | $689.1M | $46.9M | $2.3M |
| 2022 | $618.3M | -$89.9M | -$80.7M |
| 2021 | $502.8M | -$56.2M | -$39.7M |
Detailed financial statements for Upwork
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Upwork
Upwork has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ascen and Bubty.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of contingent workforce management platform | bubty.com | The Hague, Netherlands | 2019 | Aug 2025 | •••• | |
Online HRMS portal for temporary workforce | ascen.com | Boston, United States | 2018 | Aug 2025 | •••• |
Complete acquisition details for Upwork
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Upwork
6 dated milestones of Upwork across 26 years, from founding to its latest funding, stage changes and deals.
Web traffic of Upwork
The website of Upwork (upwork.com) receives about 38M visits a month and ranks #886 among all websites worldwide, #181 in Computers Electronics and Technology.
- Monthly visits38M
▲ 6% vs previous month
- Unique visitors5.1M
per month
- Global rank#886
among all websites
- Category rank#181
Computers Electronics and Technology · Computers Electronics and Technology
- Bounce rate21%
- Pages per visit10.7
- Average visit11 min 11 sec
- DevicesDesktop 84% · Mobile 16%
Websites whose visitors overlap most with Upwork. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fiverr.com | 100% | 44.5M | #668 | View details | |
| figma.com | 90% | 84.7M | #221 | View details | |
| notion.so | 84% | 178.3M | #160 | View details | |
| calendly.com | 83% | 40.1M | #1,297 | View details | |
skool.com | skool.com | 83% | #1,232 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Upwork
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Upwork (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Upwork
Complete news archive for Upwork
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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 CEO of Upwork, as recorded in our data.
Upwork is a funded company, having raised a total of $140M across 8 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Sep 2000.
Upwork has 600 employees.
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.
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.
Yes. Upwork publishes Upwork for Clients and 1 more app, with over 11 million downloads.
The website of Upwork receives about 38 million visits a month and ranks #886 among all websites worldwide.