# Elance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elance

- Industry: Internet
- Headquarters: Mountain View, US
- Website: www.elance.com
- Total disclosed funding: $147M
- Latest round: Series F (Jan 24, 2012)
- Investors on record: 9

## About

Elance, Inc. is a prominent online platform that connects businesses with skilled freelancers across various sectors, facilitating project-based work and talent acquisition for diverse industries.Founded in 1998, Elance, Inc. operates as a marketplace that links businesses with freelance professionals. The company is headquartered in Mountain View, US. In November 2014, Elance, Inc. raised USD 30 mn in financing led by Benchmark. The founder, Joe Russo, has a history of entrepreneurship, though further details about previous ventures were not provided. The company has engaged in a total of 8 deals since its inception.Elance, Inc. provides a platform that enables businesses to connect with top freelance talent across various industries. Clients can post jobs and hire professionals in categories including Development & IT, Design & Creative, Sales & Marketing, Writing & Translation, among others. The platform supports a diverse clientele, ranging from startups to large enterprises, and operates in multiple international markets including North America, Europe, and Asia.Elance, Inc. generates revenue through a tiered fee structure based on freelancer hiring. Clients pay a 5% fee for initial projects and a 10% fee for premium services. Job postings are free, and payments to freelancers are made based on milestones or project completion, deriving revenue from service fees associated with these transactions.With the recent funding of USD 30 mn secured in November 2014, Elance, Inc. plans to enhance its platform and expand into new geographic markets. Specific target regions for this expansion include Europe and Asia, with a strategic focus on launching new product offerings aimed at improving user experience and increasing market share. Upcoming releases are anticipated to include innovative features designed to streamline the hiring process and enhance client-freelancer interactions.

## Funding rounds

- Series F, Jan 24, 2012, $17M — Kleiner Perkins, New Enterprise Associates, Stripes
- Series E, Jun 1, 2004, $10M — New Enterprise Associates, CrossBridge Ventures, FirstMark Capital
- Series D, Dec 1, 2003, $1M — CrossBridge Ventures
- Series D, Jun 1, 2003, $6.8M — Kleiner Perkins, New Enterprise Associates, FirstMark Capital
- Series B, Sep 26, 2000, $50M — Focus Ventures, Kleiner Perkins, Integral Capital Partners, Citigroup, Pequot Ventures
- Series C, Sep 1, 2000, $50M — Focus Ventures, Integral Capital Partners, FirstMark Capital
- Series A, Feb 1, 2000, $12M — Kleiner Perkins

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series D, Series F
- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series C, Series B
- Integral Capital Partners (https://capitalatlas.ai/funds/integral-capital-partners) — Series C, Series B
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series C, Series D, Series E
- Citigroup — Series B
- Pequot Ventures (https://capitalatlas.ai/funds/pequot-ventures) — Series B
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series D, Series E, Series F
- CrossBridge Ventures (https://capitalatlas.ai/funds/crossbridge-ventures) — Series D, Series E
- Stripes (https://capitalatlas.ai/funds/stripes) — Series F