PALO ALTO, CA (September 27, 2006) — Today oDesk (www.oDesk.com), an Internet startup that provides a marketplace for hiring global technical talent and web-based tools to manage remote teams, announced an $8 million Series B investment led by Benchmark Capital. All previous oDesk investors also participated in the round. The new funds will be used to expand market growth and accelerate product development. Kevin Harvey, general partner at Benchmark Capital, will join the oDesk Board of Directors. A top-tier Silicon Valley venture capital firm, Benchmark Capital has been an early investor in leading technology companies such as eBay (EBAY), Handspring (HAND), Juniper Networks (JNPR), Red Hat Software (RHAT), and MySQL.
[read the rest of the oDesk Benchmark financing press release]