# Upwell funding: rounds and investors

> Upwell has raised $6.5M across 2 rounds since 2025. Investors include Plug and Play, SaaS Ventures and Nvp Capital. Every round with its source.

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

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

# Who invested in *Upwell*

2 rounds we have observed, with the 6 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.

Professional Services

Raised 6 months ago

Funding summary Updated 26 Oct 2026

**$6.5M** raised across 2 rounds since 2025, from 2 sources

- **Latest round:** Venture May 2026
- **Biggest round:** $6.5M Seed · Feb 2025
- **Investors:** 6

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.

2026

**$6.5M** Seed

**?** Venture

- **First round:** Seed, $6.5M
- **Biggest round:** $6.5M
- **Between rounds:** 15 months

## The rounds

- **May 2026** Venture **Amount undisclosed** *1 new* *4 returning* [Plug and Play](https://millionrounds.com/fund/plug-and-play) [SaaS Ventures](https://millionrounds.com/fund/saas) [Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) Source recorded
- **Feb 2025** Seed **$6.5M** *5 new* [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) [SaaS Ventures](https://millionrounds.com/fund/saas) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) Source recorded

## Founders and team

From Upwell's own website: 2 founders, 4 on the team.

**Charley Dehoney** CEO & Co-Founder

**Aaron Freeman** CTO & Co-Founder

- **Kris Gjemre** VP of Solutions
- **Alicia Gjemre** Customer Success Manager
- **Kacy Ek** Operations Manager
- **Michael Pair** Product Manager

## 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** 2025 **Venture** 2026 [Plug and Play](https://millionrounds.com/fund/plug-and-play) [SaaS Ventures](https://millionrounds.com/fund/saas) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) [Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital)

## Everyone who backed them

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **2** rounds

[SaaS Ventures](https://millionrounds.com/fund/saas) VC firm **2** rounds

[Nvp Capital](https://millionrounds.com/fund/nvp-capital) VC firm **2** rounds

[Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) VC firm **2** rounds

[Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Government **1** round

[Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital) VC firm **1** round

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

## Also claim to have backed them

This firm lists Upwell as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Venture 53](https://millionrounds.com/fund/venture53) Accelerator Per its own site

## Quick answers about Upwell

### Who invested in Upwell?

Upwell's investors include Plug and Play, SaaS Ventures, Nvp Capital, Vertical Venture Partners and Invest Nebraska, and 1 more on record.

### How much has Upwell raised?

Upwell has raised $6.5M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

### When did Upwell last raise?

Upwell's most recent round was a Venture in May 2026.

### What was Upwell's biggest round?

Upwell's largest round on record is $6.5M (Seed), in Feb 2025.

### Who backed Upwell first?

Upwell's first round on record, in Feb 2025, was backed by Plug and Play, Invest Nebraska and SaaS Ventures and 2 others.

### What stage is Upwell at?

Upwell's latest named round is a Venture, in May 2026.

### Where is Upwell based?

Upwell is based in the United States.

## Companies like Upwell

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

[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)[**Qualitate** $32M · Oct 2026](https://millionrounds.com/company/qualitate)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group)[**Remitian** $27M · Oct 2026](https://millionrounds.com/company/remitian)[**Fortastra** $38M · Oct 2026](https://millionrounds.com/company/fortastra)[**Confido** $82M · Sept 2026](https://millionrounds.com/company/confido)

## Find investors like these

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