MCP Celebrates Our 2nd IPO & 6th out of 7 Total Investments to Exit From Predecessor Fund
We finished 2018 with a bang when Upwork priced it's Initial Public Offering in October and currently carries a $2 billion market cap. Upwork was the 2nd IPO and 6th exit out of 7 total investments from Mutual Capital Partners' predecessor fund. Upwork is the world’s largest freelancing website and makes it easier for the world's best businesses and independent professionals to find each other without the traditional barriers of set time and place. Freelancers on the site offer more than 3,500 skills, helping to ease the pain businesses face in finding skills they need to get work done. These freelancers are earning more than $1 billion annually via Upwork.
Mutual Capital Partners' tradition of successful venture investing continues with both Mutual Capital Partners Fund I & II generating top quartile returns and Mutual Capital Partners Fund III with over $43 million of commitments available to invest. For more information on our exit history and current portfolio companies, please visit the portfolio page of our website here