-
Security Type
-
Common Stock
-
Categories
-
Technology, Financial Services
-
Min Investment
-
$100
-
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.
