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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Learn more about Upgrade

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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.
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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 shares 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 is Upgrade's funding to date?

Upgrade has raised $637.49MM to date.
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When was Upgrade founded?

Upgrade was founded in 2016.
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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.

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
TriplePoint Capital
FirstMark Capital
Black River Ventures
Ventura Capital
Mouro Capital
Winter Capital Advisors
Quiet Capital
Winter Capital
Sands Capital
Uprising Ventures
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
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Updated on: May 17, 2024


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.