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Fenwick & West Represents Elance-oDesk in $30M Financing

November 25, 2014

Fenwick & West represented Elance-oDesk, Inc., creator of the world’s largest online workplaces, in a $30 million financing. The round of funding was led by Benchmark Capital and with participation from additional existing major shareholders including T. Rowe Price, FirstMark, Sigma West, NEA and the Stripes Group.

With this new round of funding, Elance-oDesk will be developing platform enhancements and launching new regions in 2015 and is collaborating with organizations including the World Bank, The Rockefeller Foundation, World Economic Forum and SamaUSA, to help extend online work to areas around the world with high unemployment and to people, such as disadvantaged youth, who would otherwise have limited access to job opportunities. 

The Fenwick transaction team was led by corporate partners Dave Bell and Sam Angus and corporate associates Jacob McQuown, Jay Wedge and Nam Kim.​​​