upgrade.comFinTech / Digital BankingFounded: 2016Funding to Date: $637.49MM
Upgrade, founded in 2016, is a neobank and the developer of an online and mobile banking experience designed to deliver exceptional value, including affordable loans and cards, and helps customers make good financial decisions so they can build the future they want. Upgrade is headquartered in San Francisco, CA.
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
N/A
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 | Koch Disruptive Technologies, BRV, 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
N/A
Key Investors
Koch Disruptive Technologies, BRV, Ventura Capital
|
||||||
06/17/2020 | Series D | $81.75MM | $xx.xx | $1.11B | Santander InnoVentures, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures | |
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
N/A
Key Investors
Santander InnoVentures, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures
|
||||||
08/23/2018 | Series C-2 | $9.89MM | $xx.xx | $652.34MM | CreditEase Fintech Investment Fund, Apoletto, 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
N/A
Key Investors
CreditEase Fintech Investment Fund, Apoletto, 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 | CreditEase Fintech Investment Fund, Apoletto, 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
N/A
Key Investors
CreditEase Fintech Investment Fund, Apoletto, 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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/06/2017 | Series A-2 | $42.3MM | $xx.xx | $309.99MM | Union Square Ventures, Credit Ease, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Uprising, Vy Capital, Apoletto | |
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
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Union Square Ventures, Credit Ease, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Uprising, Vy Capital, Apoletto
|
||||||
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
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|
||||||
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
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|