When was Upwork founded?

Upwork was founded in 1999 and raised its 1st funding round 7 years after it was founded.

Where is Upwork located?

Upwork is headquartered in San Francisco, United States. It is registered at Santa Clara, California.

How many employees does Upwork have?

As of Sep 30, 2026, the latest employee count at Upwork is 179756.

Is Upwork a funded company?

Upwork is a funded company, having raised a total of $74M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 25, 2006.

When was the latest funding round of Upwork?

Upwork's latest funding was a $***** Post IPO round on Aug 10, 2021, with participation from 0 investor.

What is the annual revenue of Upwork?

Annual revenue of Upwork is between $500M and $1B as on Dec 31, 2025

Where does Upwork rank among its competitors?

Upwork ranks 1st amongst 1750 active competitors, of which 136 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Contra, which secured $20K in Jan, 2022.

Who are the top competitors of Upwork?

Upwork's top competitors include Fiverr, Freelancer and Braintrust. Among them, Contra secured the most recent funding round in January, 2022.

Upwork - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Post IPO, Aug 10, 2021, $*****

Investors

Benchmark & 25 more

Ranked

1^st among 1750 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2025

Employee Count

179,756 as on Sep 30, 2026

Investment & Acquisitions

Ascen & 3 more

Similar Companies

Fiverr & 2440 more

Exit Details

Public

View Upwork's full profile

Upwork is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ELANCE LIMITED CIN: 997380282 , Norway, Active	Jun 15, 2011	-	-
UPWORK INC. CIN: 1627475 , United States, Active	Dec 12, 2013	$500M - $1B (As on Dec 31, 2025)	-	-
ELANCE-ODESK, INC. CIN: 464337682 , United States, Active	Dec 31, 1999	-	619 (As on Dec 31, 2024)	-

Upwork got listed on Oct 03, 2018.

Click here to take a look at Upwork's IPO in detail

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 10, 2021	1997213	Post IPO	3148603	3452306	8767024	4943479
Nov 25, 2014	4406486	Series E	1778292	4856091	5365726	T. Rowe Price & 4 more
Apr 04, 2012	2703608	Series D	7611809	7661838	T. Rowe Price	Benchmark & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Upwork's funding rounds and investors

The 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 179,756 employees as of Sep 26. Here is Upwork's employee count trend over the years:

Uncover Upwork's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Upwork include Fiverr, Freelancer and Braintrust. Here is the list of Top 10 competitors of Upwork, ranked by Tracxn score:

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	Section Partners, T. Rowe Price & 24 others	83/100
2nd	Fiverr 2010, Tel Aviv (Israel), Public	Online freelance marketplace for multi-industry	$111M	Bessemer Venture Partners, Qumra Capital ... & 16 others	80/100
3rd	Freelancer 2009, Sydney (Australia), Public	Online freelancer marketplace for multiple industries	-	Herald Investment Management, Cooper & 2 others	68/100
4th	Braintrust 2018, San Francisco (United States), Series A	Decentralized marketplace for tech freelancers	$29M	Ideocolab, Galaxy & 36 others	67/100
5th	PeoplePerHour 2007, London (United Kingdom), Series A	Freelance Marketplace	$33.2M	Nordic Makers, FJ Labs & 44 others	65/100
6th	Contra 2019, San Francisco (United States), Series B	Online freelance professionals networking platform	$45M	New Enterprise Associates, Unusual Ventures ... & 8 others	62/100
7th	Earn.com 2013, San Francisco (United States), Acquired	Decentralized network for reward-based task completion	$5.05M	World Innovation Lab, RRE Ventures & 8 others	61/100
8th	Creative Market 2010, San Francisco (United States), Acquired	Marketplace for Digital Designer Content	$11.8M	Accomplice, Atlas Venture & 15 others	57/100
9th	Fastwork 2015, Bangkok (Thailand), Series A	Online freelancing marketplace for multiple industries	$4.8M	Gobi Partners, CyberAgent Capital & 9 others	57/100
10th	NOWJOBS 2009, Roeselare (Belgium), Unfunded	Online freelancer marketplace	-	-	56/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Upwork's competitors? Click here to see the top ones

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

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 06, 2025	Acquisition	Ascen	2018	Boston (United States)
Aug 06, 2025	Acquisition	Bubty	2019	The Hague (Netherlands)
Jul 08, 2020	Investments	DisruptED	2016	Austin (United States)