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Power Law company profile

Upwork

eCommerce & Marketplaces · San Francisco, United States · Founded 2015 · IPO 2018 Unicorn

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Valuation
$974M
Market cap · May/2026
Revenue
$788M
Latest reported FY
EBITDA
$242M
Latest reported FY

An online work marketplace that connects millions of businesses with independent talents around the globe

Investors

10 investors on Upwork's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Series A 1 investor entered at this stage
Series B+ 9 investors entered at this stage
DAG Ventures
NEA
FirstMark
Focus Ventures
Canvas Ventures
Globespan Capital Partners
Citi
Benchmark
Stripes

Global footprint

Where Upwork has talent and traffic

AI talent share
0.4% of workforce is AI talent
(637 of 173,154 staff)
Core AI1910.11%
Other AI4460.26%
Non-AI workforce172,51799.63%
Workforce by country
104 countries with
team presence
🇵🇰 Pakistan21.7%
🇧🇩 Bangladesh19.4%
🇵🇭 Philippines8.4%
🇺🇸 United States6.5%
🇰🇪 Kenya2.5%
Top 5 of 104 shown
Web traffic by country
38M monthly visits
across markets
🇺🇸 United States22.8%
🇵🇰 Pakistan11.1%
🇮🇳 India10.5%
🇵🇭 Philippines6%
🇧🇩 Bangladesh3.8%
Top 5 markets shown

Patent intelligence

$2M patent portfolio · 17 active families

Estimated portfolio value
$2M
0.18% of market cap · 2.8× the top peer ZBJ ($620k)
17 active patent families
Where Upwork innovates Computer scienceData scienceData miningVirtual officeService provider

Where Upwork concentrates vs peers

Each axis is a top-10 topic across Upwork and its closest peers. #1 = 100, #10 = 10, absent = 0.

Compare against

Source: Dealroom Patent Intelligence · Patsnap. Request a demo for the full per-sub-category breakdown, individual records, and quality-score history.

Capital deployed

Upwork's 4 investments and acquisitions.

Every disclosed deal where Upwork appeared as a backer or acquirer, 2014–2025. Toggle between venture rounds, M&A, or both. The map below is grouped by the target company's sector — the colored pill on each chip is the round type.

Portfolio analysis

4 deals across Upwork's capital deployment.

Where the deals concentrate by sector, stage, and decade.

By sectorCount
    By stageCount
      By periodCount

        01 · Deployment strategy vs peers

        Where Upwork deploys vs peers

        Each axis is a Dealroom topic tag — picked from the cluster's most-tagged themes. Values are normalized per axis: the peer with the highest tag-coverage on that axis sits at the edge, others scale relative to them. Toggle between M&A, venture, or both.

        Compare against

        02 · Portfolio market map

        Upwork's portfolio, mapped.

        Each chip is one company. Pill colour shows round type — green for Seed, blue for Series A, purple for B/C+, pink for late-stage, amber for M&A. Bigger sectors keep their full list behind “+ N more”.

        Stage
        Period
        4 of 4 deals

        Sentiment on X

        What X is saying about Upwork

        An AI-synthesized read of the highest-engagement posts about Upwork on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

        Reading the room on X — pulling top posts and synthesizing themes…

        Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

        See Upwork on the full Dealroom platform

        Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.