Upgrade IPO

Upgrade was founded in 2016 by Adelina Grozdanova, Jeffrey Bogan, Matt Wierman, Renaud Laplanche, Soul Htite, and Visar Nimani. In October 2021, while discussing the possibility of an IPO, CEO Domm Holland said “We can hopefully be ready sometime in the next 18 months.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing 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. In 2021, Financial Times named Upgrade the fastest growing company in the Americas. The company has extended more than $12 billion in credit since 2017, $7.5 billion of which was delivered in 2021 alone. The company has raised $600 million in venture capital funding from investors including Coatue, DST Global, Dragoneer, Vy, Centura, G-Squared, and Koch Disruptive Technologies. A Series F funding round brought in $280 million and increased Upgrade's pre-money valuation to $6 billion.

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What is Upgrade's ticker symbol?

Upgrade does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

What is Upgrade's stock price?

The stock price for Upgrade will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).

Who are Upgrade's major investors?

Silicon Valley Bank
Union Square Ventures
Vy Capital
Ribbit Capital
Ventura Capital
Mouro Capital
Winter Capital Advisors

Upgrade Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
11/16/2021 Series F $6.28B $XXX.XX $XXX.XX
8/11/2021 Series E $3.33B $XXX.XX $XXX.XX
6/17/2020 Series D $1.11B $XXX.XX $XXX.XX
8/23/2018 Series C-1 and C-2 $652.34MM $XXX.XX $XXX.XX
4/6/2017 Series A-2 and B $309.99MM $XXX.XX $XXX.XX
5/31/2016 Series A and A-1 $12.36MM $XXX.XX $XXX.XX
Based on primary financings
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What is Upgrade funding to date?

Upgrade has raised $637.49MM with the following series:
$12.36MM for Series A and A-1, $309.99MM for Series A-2 and B, $652.34MM for Series C-1 and C-2, $1.11B for Series D, $3.33B for Series E, $6.28B for Series F, $12.36MM for Series A and A-1, $309.99MM for Series A-2 and B, $652.34MM for Series C-1 and C-2, $1.11B for Series D, $3.33B for Series E, $6.28B for Series F.
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When was Upgrade founded?

Upgrade was founded in 2016.
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Can you invest in Upgrade?

Upgrade is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Upgrade share pre-IPO?

If you own Upgrade pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Upgrade a publicly traded company?

Upgrade is a private company and not publicly traded.

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.

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What kind of company is Upgrade?

Upgrade is a lender that offers personal loans and personal lines of credit as well as credit monitoring tools.

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What services does Upgrade offer?

Upgrade provides personal loan and personal lines of credit services.

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Where is Upgrade based?

Upgrade is based in San Francisco, California.

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