twago (Teamwork Across Global Offices) operates a freelance marketplace that helps small to medium businesses find freelancers and agencies for online projects including IT, design, translations, copywriting and marketing. Clients currently have access to more than 255,000 experts in over 190 countries. Led by founder and managing director Thomas Jajeh, the company was founded in 2009 and is based in Berlin, Germany. twago received an undisclosed investment and intends to use the funds to further improve its service portfolio. No revenue or other financial metrics were disclosed in the article. twago operates a global cloud-working platform that lists jobs and projects from companies, small- and medium-sized clients, freelancers and agencies. The platform provides clients access to more than 168,000 freelancers and agencies across 177 countries. Since 2010 twago has acquired projects and jobs totaling around €60 million. The company completed a $3 million Series A last June and is using that financing to drive market expansion. twago is expanding into France and expects further growth in its international Berlin office, where more than 10% of the team are already French employees. It already operates in Germany, Switzerland, Austria, Spain and Italy and aims to grow its business for clients, freelancers and agencies in new markets. Twago operates a global online intermediation platform connecting clients with freelance services in IT, design, and business support, including programming, graphic and web design, translations and research enquiries. The platform provides project-management features such as accountability tools, mediation services for disputes, and transaction handling. Twago reports an average monthly growth rate of 40 percent and says its valuation has risen to a multi-million euro figure within a year. The company takes a multilingual approach, offering English and German versions and recently adding Italian. Twago is based in Berlin and says it is preparing further market entries in Europe that should come to fruition shortly. The company recently secured external backing from investors in the private banking sector.

Total raised

$3M

Funding rounds

3

Latest round

Series A

Latest activity

Nov 2012