Amberbrook
4 people tracked
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Team · 4 people
from public directoriesInvestments · 1 tracked
founders shown can be your intro pathUpwork operates two interconnected digital platforms that match businesses with independent contractors and agency workers: the Upwork Marketplace, a freelance work platform where clients post projects and pay service fees on transactions, and Lifted, an enterprise-focused platform for managing contingent labor across multiple engagement models including contractors, staff augmentation, and outsourcing.
Hayden Brown(Chief Executive Officer)inGiulietta Pezzaniti(Chief People Officer)Beerud Sheth(Founder)Odysseas Tsatalos(Founder)Srini Anumolu(Founder)Stratis Karamanlakis(Founder)
Co-investors3Spoke Capital408 VenturesDag VenturesFirstMark CapitalGarage CapitalGlobespan Capital Partners+9 more
Exits · 1
1 IPOsUpworkNASDAQ: UPWK
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Amberbrook IX LPLPs: California Public Employees' Retirement System | 2023 | — | — | 1.53x | 0.07x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Upwork | — | $15.00 | Oct 2018 | $9.7M |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).



