Upstack

Upstack

The fast-growing global pool of highly qualified, vetted software developers

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Security Type
Common Stock
Categories
Technology, Financial Services
Min Investment
$100
Location
Las Vegas, NV
Offering Date
June 23, 2021
Expected Close Date
April 01, 2022
Target Raise
$10.00K-$5.00M
Security Price
$1
Valuation
$99,999,999

Company Description

Upstack provides an all-in-one remote talent solution for fast-growing companies. This innovative platform boasts 340% growth from 2018 to 2020, a 37% Gross Profit Margin, and helps companies easily hire, retain and motivate remote software talent to build successful products.

Key Deal Facts

Bootstrapped company: from zero at founding in 2017, to $6.9M revenue in 2020.
Clients include Intercom, MealPal, IKEA, Taskrabbit, Juul, and Invision.
37% Gross Profit Margin.
340% revenue growth from 2018 to 2020.
Helped MealPal build their tech team and raise $35M.
Crossroads of 4 massive markets: Recruiters, job boards, freelance platforms and Dev Shops/Outsourcing.
Perfect time: COVID-19 has companies going (and staying) remote—Upstack is fully remote & distributed globally.
Successfully moved upstream to enterprise & Fortune 500 companies, & robust plans to continue this trajectory.

Use of Proceeds

  • Huge Increase in paid ads.
  • Build out SEO and content.
  • Focus on Enterprise Sales.
  • Build out partner/referral program.
  • Build out developer community further.

Management Team / Advisory Board Bios

Yossi Mlynsky, Founder & CEO
Software + Product background at Macquarie Bank and Monster. Passionate about building great software products that delight users and change the world.

Robert Bojor, CTO
Leads Upstack’s engineering team. 20+ years in engineering and a strong passion for learning new technologies and implementing them in Upstack’s internal tools.

George Cretu
Previous serial startup co-founder and current builder of Upstack’s talent, matching, and client success teams from the ground up. In charge of Happiness, HR and Cultural Diversity.
Amount Raised : $430,277
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Security Description

Common stock is a security that represents ownership in a corporation.

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