oDesk , the site that helps customers find and remotely monitor outsourced developers, has raised $15 million in a Series C funding round led by DAG Ventures. Existing investors Benchmark Capital, Globespan Capital Partners, and Sigma Partners also participated in the round. This brings oDesk’s total funding to $29 million.
oDesk allows companies to weed through thousands of (usually) qualified developer profiles, which include aptitude scores based on site-wide standardized tests. Projects can either be completed for hourly rates or a flat fee. After hiring a team, customers can monitor progress through a visual timeline that broadcasts screenshots of the contracted developers. Since its launch the site has been involved in $32 million worth of service transactions (it now keeps 10% of all fees, though that rate used to be higher ). The site says that it will use the money to help fuel growth and “take advantage of any unexpected opportunities down the road”.
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