Elance Overview

  • Year Founded
  • 1998

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 50

Employees

  • Latest Deal Type
  • Merger of Eq.

  • Latest Deal Amount
  • $147M

Elance General Information

Description

Provider of online workspace for businesses to connect, hire and work with professionals to get services and contractor management work done. The company enables employees to find, buy, manage and pay external services and contractors from various supplier service categories. It enables small and medium businesses to outsource to service providers in various categories, including graphic design, web design, software development, engineering, writing, translation and market research.

Contact Information

Website
www.elance.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 441 Logue Avenue
  • Mountain View, CA 94043
  • United States
+1 (650)
Primary Industry
Human Capital Services
Other Industries
Communication Software
Database Software
Acquirer
Upwork
Vertical(s)
CloudTech & DevOps, Industrials, TMT
Corporate Office
  • 441 Logue Avenue
  • Mountain View, CA 94043
  • United States
+1 (650)

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Elance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Merger of Equals 18-Dec-2013 $147M Completed Profitable
8. Later Stage VC (Series F) 24-Jan-2012 Completed Profitable
7. Later Stage VC (Series E) 21-Jul-2004 Completed Generating Revenue
6. Later Stage VC (Series D) 30-Dec-2003 Completed Generating Revenue
5. Later Stage VC (Series C1) 24-Feb-2003 Completed Generating Revenue
4. Later Stage VC (Series C) 26-Sep-2000 Completed Startup
3. Early Stage VC (Series B1) 02-Aug-2000 Completed Startup
2. Early Stage VC (Series B) 15-Dec-1999 $11.7M $12.9M Completed Startup
1. Early Stage VC (Series A) 01-Mar-1999 $1.21M $1.21M Completed Startup
To view Elance’s complete valuation and funding history, request access »

Elance Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series F
Series E
Series D
Series CC1
Series CC
Series BB1
Series BB 14,122,000 $0.001000 $0.07 $0.24 $0.24 1x $0.24 4.57%
Series AA 4,491,852 $0.001000 $0.02 $0.08 $0.08 1x $0.08 1.45%
To view Elance’s complete cap table history, request access »

Elance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of online workspace for businesses to connect, hire and work with professionals to get services and contractor
Human Capital Services
Mountain View, CA
50 As of 2000

Wilmington, DE
 

Philadelphia, PA
 
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Elance Competitors (4)

One of Elance’s 4 competitors is Toptal, a Venture Capital-Backed company based in Wilmington, DE.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Toptal Venture Capital-Backed Wilmington, DE
Guru (Philadelphia) Venture Capital-Backed Philadelphia, PA
Freelancer Formerly VC-backed Sydney, Australia
FlexJobs (Luxemberg) Formerly VC-backed Strassen, Luxembourg
To view Elance’s complete competitors history, request access »

Elance Patents

  • 21

    Total Documents Applications and Grants

  • Total Patents Families

  • 4

    Granted

  • Pending

  • Expiring in next 12 mo

Elance Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10223653-B1 Onboarding dashboard and methods and system thereof Active 20-Feb-2014
US-10152695-B1 Machine learning based system and method of calculating a match score and mapping the match score to a level Active 22-Oct-2013
US-6859523-B1 Universal task management system, method and product for automatically managing remote workers, including assessing the work product and workers Inactive 14-Nov-2001
US-7155400-B1 Universal task management system, method and product for automatically managing remote workers, including automatically recruiting workers Inactive 14-Nov-2001
US-6938048-B1 Universal task management system, method and product for automatically managing remote workers, including automatically training the workers Inactive 14-Nov-2001 G06Q10/06
To view Elance’s complete patent history, request access »

Elance Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Elance Former Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds
C&T Access Ventures Fund Venture Capital Minority
Cambrian Ventures Venture Capital Minority
Charter Venture Capital Venture Capital Minority
Citigroup Alternative Investments PE/Buyout Minority
CrossBridge Venture Partners Venture Capital Minority
You’re viewing 5 of 19 investors. Get the full list »

Elance Investments & Acquisitions (3)

Elance’s most recent deal was a Early Stage VC with Senico Labs. The deal was made on 24-Oct-2013.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Senico Labs 24-Oct-2013 Early Stage VC Software Development Applications
CascadeWorks 25-Feb-2003 Merger/Acquisition Business/Productivity Software
Nitorum 27-Sep-2002 Merger/Acquisition Business/Productivity Software
To view Elance’s complete investments and acquisitions history, request access »

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Elance FAQs

  • When was Elance founded?

    Elance was founded in 1998.

  • Where is Elance headquartered?

    Elance is headquartered in Mountain View, CA.

  • What is the size of Elance?

    Elance has 50 total employees.

  • What industry is Elance in?

    Elance’s primary industry is Human Capital Services.

  • Is Elance a private or public company?

    Elance is a Private company.

  • What is the current valuation of Elance?

    The current valuation of Elance is .

  • What is Elance’s current revenue?

    The current revenue for Elance is .

  • How much funding has Elance raised over time?

    Elance has raised $111M.

  • Who are Elance’s investors?

    C&T Access Ventures Fund, Cambrian Ventures, Charter Venture Capital, Citigroup Alternative Investments, and CrossBridge Venture Partners are 5 of 19 investors who have invested in Elance.

  • Who are Elance’s competitors?

    Toptal, Guru (Philadelphia), Freelancer, and FlexJobs (Luxemberg) are competitors of Elance.

  • When was Elance acquired?

    Elance was acquired on 18-Dec-2013.

  • Who acquired Elance?

    Elance was acquired by Upwork.

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