United States · Venture startup

Who invested in Upwork

5 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Funding summaryUpdated 26 Oct 2026

$74Mraised across 5 rounds since 2006, from 5 sources

$6.0MSeries A$8.0MSeries B$15MSeries C$15MSeries D$30MVenture
Latest round
Venture, $30MNov 2014
Step-upi
2×
Investors
10
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20062008201020122014
$6.0MSeries A$8.0MSeries B$15MSeries C$15MSeries D$30MVenture
First round
Series A, $6.0M
Apr 2006
Biggest round
$30M
Venture · Nov 2014
Usual gap between rounds
2.7 years
the median of 4

The rounds

  1. Nov 2014
    Venture$30M4 new2 returning

    From a historical funding record

  2. Mar 2012
  3. Jun 2008
  4. Sept 2006
    Series B$8.0M1 new2 returning

    Reported by odesk.com

  5. Apr 2006

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

BenchmarkVC firm4rounds
Sigma PartnersVC firm4rounds
T. Rowe PricePrivate equity2rounds
SV AngelVC firm1round
FirstMarkVC firm1round
DAG VenturesVC firm1round
StripesPrivate equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 4 firms list Upwork as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Garage CapitalVC firmPer its own site
Savano Capital PartnersVC firmPer its own site
3SPOKEPrivate creditPer its own site
Vault InnovationVenture studioPer its own site

Quick answers about Upwork

Who invested in Upwork?

Upwork's investors include Benchmark, Sigma Partners, Globespan Capital Partners, T. Rowe Price and New Enterprise Associates, and 5 more on record.

How much has Upwork raised?

Upwork has raised $74M across 5 rounds since 2006.

When did Upwork last raise?

Upwork's most recent round was a Venture of $30M in Nov 2014.

What was Upwork's biggest round?

Its most recent round, $30M in Nov 2014, is also its largest on record.

Who backed Upwork first?

Upwork's first round on record, in Apr 2006, was backed by SV Angel, Sigma Partners and Globespan Capital Partners.

What stage is Upwork at?

Upwork's latest named round is a Venture, in Nov 2014.

Where is Upwork based?

Upwork is based in the United States.

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