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.

Register for Details

For more details on financing and valuation for Upgrade, register or login.

Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Learn more about Upgrade

Forge green plus iconForge green minus icon

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.

Forge green plus iconForge green minus icon

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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

Forge green plus iconForge green minus icon

What is Upgrade's IPO price?

The IPO price for Upgrade will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
Forge green plus iconForge green minus icon

Can you invest in Upgrade pre-IPO?

Upgrade is privately held company and is not publicly traded, therefor investing in Upgrade pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

Forge green plus iconForge green minus icon

What is the value of my Upgrade shares?

To determine the value of your Upgrade shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. 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.

Forge green plus iconForge green minus icon

Can you sell Upgrade before it goes public?

Yes, you can seek to sell 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.

Forge green plus iconForge green minus icon

What is Upgrade's funding to date?

Upgrade has raised $637.49MM to date.
Forge green plus iconForge green minus icon

When was Upgrade founded?

Upgrade was founded in 2016.
Forge green plus iconForge green minus icon

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.

Forge green plus iconForge green minus icon

What services does Upgrade offer?

Upgrade provides personal loan and personal lines of credit services.

Forge green plus iconForge green minus icon

Where is Upgrade based?

Upgrade is based in San Francisco, California.

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 last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
11/16/2021

Series F

$279.6MM raised $XXX.XX $XXX.XX
8/11/2021

Series E

$105.05MM raised $XXX.XX $XXX.XX
6/17/2020

Series D

$81.75MM raised $XXX.XX $XXX.XX
8/23/2018

Series C-1 and C-2

$103.04MM raised $XXX.XX $XXX.XX
4/6/2017

Series A-2 and B

$62.3MM raised $XXX.XX $XXX.XX
5/31/2016

Series A and A-1

$5.75MM raised $XXX.XX $XXX.XX
Based on primary financings
Powered by Forge Data
Updated on: Sep 8, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price™ may rely on a very limited number of inputs in its calculation. Forge Price™ is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price™, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price™. Forge Price™ is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge.  Forge Price™ is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price™ for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

2. The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.

3. 90-Day volume-weighted average price (VWAP) is calculated from transactions on Forge Markets in the preceding 90 days. The comparison (in green or red) demonstrates the difference between 90-Day VWAP and the company's most recent funding round share price estimate. The price shown for 90-Day VWAP is calculated from the price and volume for all transactions, buys or sells. VWAP does not include pricing information from other sources and may be materially different from transaction prices for the same company outside of Forge Markets. Each transaction is negotiated separately and the actual transaction price may be significantly different than the average of all transactions displayed as VWAP.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.