# UPSTACK funding: rounds and investors

> UPSTACK has raised $102M across 2 rounds since 2017. Investors include Morgan Stanley Investment Management, Montage Ventures and Burch Creative Capital.

Source: https://millionrounds.com/company/upstack (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *UPSTACK*

2 rounds we have observed, with the 4 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.

Cloud

Funding summary Updated 26 Oct 2026

**$102M** raised across 2 rounds since 2017, from 2 sources

**$1.8M** Seed **$100M** Debt

- **Latest round:** Debt, $100M Nov 2021
- **Step-up i:** 55.6×
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019 2020 2021

**$1.8M** Seed

**$100M** Debt

- **First round:** Seed, $1.8M
- **Biggest round:** $100M
- **Between rounds:** 4 years

## The rounds

- **Nov 2021** Debt **$100M** *2 new* [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [Montage Ventures](https://millionrounds.com/fund/montage-ventures) Source recorded
- **Oct 2017** Seed **$1.8M** *2 new* [Burch Creative Capital](https://millionrounds.com/fund/burch-creative-capital) Montage Reported by FinSMEs

## Funding filed with regulators

UPSTACK filed one raise, $392K in all. Filings say how much was sold and to how many investors; they never name the investors.

- Feb 2022 **$392K** preferred stock of $1.1M offered Crowdfunding

## 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.

**Seed** 2017 **Debt** 2021 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [Montage Ventures](https://millionrounds.com/fund/montage-ventures) [Burch Creative Capital](https://millionrounds.com/fund/burch-creative-capital) Montage

## Everyone who backed them

[Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round

[Montage Ventures](https://millionrounds.com/fund/montage-ventures) VC firm **1** round

[Burch Creative Capital](https://millionrounds.com/fund/burch-creative-capital) VC firm **1** round

Montage no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=upstack).

## Quick answers about UPSTACK

### Who invested in UPSTACK?

UPSTACK's investors include Morgan Stanley Investment Management, Montage Ventures, Burch Creative Capital and Montage.

### How much has UPSTACK raised?

UPSTACK has raised $102M across 2 rounds since 2017.

### When did UPSTACK last raise?

UPSTACK's most recent round was a Debt of $100M in Nov 2021.

### What was UPSTACK's biggest round?

Its most recent round, $100M in Nov 2021, is also its largest on record.

### Who backed UPSTACK first?

UPSTACK's first round on record, in Oct 2017, was backed by Burch Creative Capital and Montage.

### What stage is UPSTACK at?

UPSTACK's latest named round is a Debt, in Nov 2021.

### Where is UPSTACK based?

UPSTACK is based in the United States.

## Companies like UPSTACK

In the same sector, and raised in the last eighteen months.

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Blacksmith** $131M · Oct 2026](https://millionrounds.com/company/blacksmith)[**Tasklet** $13M · Oct 2026](https://millionrounds.com/company/tasklet)[**VEIR** $185M · Oct 2026](https://millionrounds.com/company/veir)[**Namespace** $42M · Oct 2026](https://millionrounds.com/company/namespace)[**Lambda** $6.8B · Oct 2026](https://millionrounds.com/company/lambda)

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