# oDesk

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

- Industry: Internet
- Headquarters: Redwood City, US
- Website: www.odesk.com
- Total disclosed funding: $45M
- Latest round: Series D (Mar 13, 2012)
- Investors on record: 6

## About

oDesk is a global freelancer marketplace connecting clients with skilled professionals across multiple sectors, streamlining the hiring process for businesses and individuals requiring specialized talent.oDesk, founded in 2003, operates as a prominent platform for freelance job opportunities. Headquartered in Redwood City, US, the company has undergone strategic changes to enhance its services. The founders include Abu Ershad, Abu Hanif, Anurag Agarwala, Belayet Hossain, Jon N, Ravi Shurpali, Reymond Amejado, Tom Moberg, and Trevor Weir. The most recent funding round occurred on November 19, 2013, when oDesk raised USD 2.65 mn from management, which represents the total amount raised to date across 6 deals.oDesk operates a global freelancer marketplace that connects clients with independent professionals across various fields, facilitating the hiring process for businesses and individuals in need of specialized skills. The platform offers a comprehensive suite of services including talent acquisition in areas such as Development & IT, Design & Creative, Sales & Marketing, Writing & Translation, and more. Users can post job opportunities and hire freelancers on a project basis or a contract-to-hire arrangement, thus addressing specific project requirements efficiently. The clientele ranges from startups to large enterprises across diverse geographical markets including North America, Europe, Asia, and Australia, highlighting oDesk's commitment to providing a flexible and scalable solution for workforce needs in both established and emerging markets.oDesk generates revenue primarily through transaction fees charged on payments between clients and freelancers. The fee structure varies based on the engagement type, with a 5% fee for initial transactions and a 10% fee for clients utilizing premium features. Clients can choose from various pricing plans, including a Business Plus plan that provides additional features such as premium customer support and access to top-tier talent. The platform's design allows for seamless transactions, enabling clients to release payments upon project completion or according to predefined milestones, thus reinforcing a secure and efficient payment process.In November 2013, oDesk raised USD 2.65 mn to support its growth initiatives. The company plans to enhance its platform with new features aimed at improving user experience and expanding its service offerings. Additionally, oDesk is targeting expansion into new markets, focusing on regions in Asia and Europe by the end of 2014. The recent funding will be utilized to bolster these developments and facilitate entry into these promising markets.

## Funding rounds

- Series D, Mar 13, 2012, $15M — Benchmark, Globespan Capital Partners, T Rowe Price, Sigma Partners, Jackson Square Ventures
- Series C, Jun 3, 2008, $15M — Benchmark, Globespan Capital Partners, DAG Ventures, Jackson Square Ventures
- Series B, Aug 25, 2006, $8M — Benchmark, Globespan Capital Partners, Sigma Partners
- Series A, Apr 25, 2006, $6M — Globespan Capital Partners, Jackson Square Ventures
- Series A, Nov 30, 2004, $1M — Globespan Capital Partners, Jackson Square Ventures

## Investors

- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series A, Series B, Series C, Series D
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series A, Series C, Series D
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B, Series C, Series D
- Sigma Partners — Series B, Series D
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series D