Upgrade was founded in 2016 by Adelina Grozdanova, Jeffrey Bogan, Matt Wierman, Renaud Laplanche, Soul Htite, and Visar Nimani. Upgrade has not officially endorsed a plan to participate in an IPO.

Upgrade is a credit company that operates on a "buy now pay later" model, allowing online shoppers to organize purchase balances into fixed-rate installment plans. Per Forge data, Upgrade raised $587 million in funding over 7 rounds. Their latest funding was raised on Nov 16, 2021, from a Series F round. Key investors include Koch Disruptive Technologies, DST Global, Mouro Capital, Coatue, and CreditEase Fintech Investment Fund.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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To invest in Upgrade pre-IPO

Can you invest in Upgrade pre-IPO?

Upgrade is a privately held company and is not publicly traded, therefore investing in Upgrade pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Upgrade before it goes public?

You can seek to sell your shares in Upgrade while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Upgrade shares?

To determine the value of your Upgrade shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Upgrade shares. You can also learn more about how to sell your private shares before getting started.

Is Upgrade a publicly traded company?

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

To learn more about Upgrade potential IPO

Will Upgrade go IPO?

Upgrade has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Upgrade’s IPO price?

The Upgrade IPO price does not exist at this time, as Upgrade is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Upgrade register for Forge Markets, today.

When was Upgrade founded?

Upgrade was founded in 2016.

What is Upgrade funding to date?

Upgrade has raised $1.27B to date.

Who are Upgrade’s major investors?

Silicon Valley Bank
Union Square Ventures
Koch Disruptive Technologies
Coatue Management
DST Global
Vy Capital
G Squared
Ribbit Capital
CreditEase
TriplePoint Capital
FirstMark Capital
Black River Ventures
Ventura Capital
Mouro Capital
Winter Capital Advisors
Quiet Capital
Winter Capital
Sands Capital
Uprising Ventures
MicroVentures
Inertia Ventures
Uncorrelated Ventures
Frontline One Capital
Basil Capital
Nevcaut Ventures

Upgrade Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
11/16/2021 Series F $279.6MM $xx.xx $6.28B Coatue Management, Dst Global. Dragoneer Investment Group, Gopher Asset Management, G Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
49,607,432
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, Dst Global. Dragoneer Investment Group, Gopher Asset Management, G Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital, Vy Capital
08/11/2021 Series E $105.05MM $xx.xx $3.33B Brv, Koch Disruptive Technologies, Ventura Capital
Price per Share
$xx.xx
Shares Outstanding
32,601,690
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Brv, Koch Disruptive Technologies, Ventura Capital
06/17/2020 Series D $81.75MM $xx.xx $1.11B Ribbit, Santander Innoventures, Silicon Valley Bank, Uncorrelated Ventures, Union Square Ventures, Ventura Capital, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
75,845,644
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ribbit, Santander Innoventures, Silicon Valley Bank, Uncorrelated Ventures, Union Square Ventures, Ventura Capital, Vy Capital
08/23/2018 Series C-2 $9.89MM $xx.xx $652.34MM Apoletto, Creditease Fintech Investment Fund, Firstmark Capital, Noah, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
16,928,384
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Apoletto, Creditease Fintech Investment Fund, Firstmark Capital, Noah, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
08/23/2018 Series C-1 $93.15MM $xx.xx $652.34MM Apoletto, Creditease Fintech Investment Fund, Firstmark Capital, Noah, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
159,363,504
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Apoletto, Creditease Fintech Investment Fund, Firstmark Capital, Noah, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
04/06/2017 Series B $20MM $xx.xx $309.99MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
46,390,912
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
04/06/2017 Series A-2 $42.3MM $xx.xx $309.99MM Apoletto, Credit Ease, Firstmark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures, Uprising, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
161,679,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Apoletto, Credit Ease, Firstmark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures, Uprising, Vy Capital
05/31/2016 Series A $2.5MM $xx.xx $12.36MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
53,333,344
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
05/31/2016 Series A-1 $3.25MM $xx.xx $12.36MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
69,333,344
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
Updated on: Dec 21, 2024

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