Australian crowdsourcing marketplace Freelancer has acquired two new freelancing marketplaces, Nubelo and Prolancer, to expand its footprint in Latin American, Spanish and Portuguese markets.
Matt Barrie, CEO of Freelancer, said acquiring the Spanish and Portuguese language marketplaces will reinforce the platform’s global presence. Terms of the transaction were not disclosed.
Spanish language, Nubelo was founded in 2012 by Spanish entrepreneur Francesc Font, and the Argentine twin brothers Nicolas and Jorge Araujo Muller. Headquartered in Barcelona, and venture financed by Caixa Capital Risc, Nero Ventures, South Ventures, Start-Up Chile, Cabiedes & Partners, Mountain Nazca & South Ventures, Nubelo grew to become the largest freelancing marketplace in Spanish language after Freelancer.com, with 50 employees across offices in Barcelona, Buenos Aires, Bogotá and San Pablo, Brazil.
In July 2015, Nubelo took control of Prolancer.com.br, a Brazilian marketplace founded by Sergio Mendez Baiges and headquartered in Sao Paulo, in order to expand its reach to the Portuguese market. Combined they successfully grew to almost 750,000 registered users and over 122,000 posted projects.
Latin America has become a fast growing opportunity for the company since launching operations in the region in 2012. Four years ago Spanish and Portuguese markets represented less than 0.2 per cent of Freelancer’s operations. Today this figure has grown to almost 10 per cent of Freelancer’s market share with 1.8 million users, who have posted over 502,000 projects.
Freelancer expects the acquisition will bolster its Buenos Aires office, which the company opened earlier this year.
Francesc Font, CEO of Nubelo said, “We are excited to announce that Nubelo has been acquired by Freelancer.com, the undisputed global leader in the space. Our community of freelancers made Nubelo’s success possible, and will now get to enjoy more opportunities for working with a much greater range of employers and across a more diverse range of areas of work. This acquisition will be highly beneficial for our users, and we are honoured that a company such as Freelancer.com has recognised our tough and valuable work to build Nubelo into the Spanish market leader it is today”.
Sergio Mendez, CEO of Prolancer, said “After four years of hard and intense work, I’m pleased that this acquisition by the world’s largest and most important freelancing and crowdsourcing marketplace will take our users to the next level in terms of job opportunities and access to the best talent in the world.”