United States · 
Who invested in Upgrade?
Upgrade's investors include Union Square Ventures, FirstMark, Ribbit Capital, SVB Capital and Coatue, and 10 more on record.
20172019202120232025
$60MBridge$62MSeries C$165MGrowth$250MDebtUnited States · Funded startup
Who invested in Upgrade
4 rounds we have observed, with the 15 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 9 months agoValuation: $7.3B, Mar 2026
Funding summaryUpdated 26 Oct 2026
$537Mraised across 4 rounds since 2017, from 5 sources
$60MBridge$62MSeries C$165MGrowth$250MDebt
- Latest round
- Debt, $250MFeb 2026
- Step-upi
- 1.5×
- Investors
- 15 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Bridge, $60M Apr 2017
- Biggest round
- $250M Debt · Feb 2026
- Usual gap between rounds
- 17 months the median of 3
The rounds
- Feb 2026
- Oct 2025Growth$165M3 new3 returning
Reported by TechStartups and 1 other
- Aug 2018Series C$62M2 new5 returning
Reported by FinSMEsSEC filing: $6.5M sold, first sale Oct 2018
- Apr 2017
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Bridge2017Series C2018Growth2025Debt2026
Union Square Ventures
FirstMark
Ribbit Capital
SVB Capital
CoatueVy
Neuberger BermanL
DST Global
Sands Capital Management
SANDS
Union Square VenturesFirstMarkRibbit CapitalSVB CapitalCoatueVyNeuberger BermanLDST GlobalSands Capital ManagementSANDSEveryone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Upgrade
How much has Upgrade raised?
Upgrade has raised $537M across 4 rounds since 2017.
When did Upgrade last raise?
Upgrade's most recent round was a Debt of $250M in Feb 2026.
What was Upgrade's biggest round?
Its most recent round, $250M in Feb 2026, is also its largest on record.
Who backed Upgrade first?
Upgrade's first round on record, in Apr 2017, was backed by SVB Capital, Union Square Ventures and FirstMark and 7 others.
What stage is Upgrade at?
Upgrade's latest named round is a Debt, in Feb 2026.
Where is Upgrade based?
Upgrade is based in the United States.
Who led Upgrade's rounds?
Neuberger Berman led the Growth in 2025.
Companies like Upgrade
In the same sector, and raised in the last eighteen months.
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