About Netupdate
Netupdate is a company based in Bellevue (United States) founded in 1998 was acquired by Mortgagebot in March 2009. Netupdate has raised $2.6 million across 1 funding round from investors including Mortgagebot and Alexander Hutton. Netupdate operates in a competitive market with competitors including SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, among others.
- Headquarter Bellevue, United States
- SectorsFinancial Services
- Website netupdate.com
- Social LinkedIn
- Acquired by Mortgagebot (Mar 2009)
- Total Equity Funding$2.6M (USD)
in 1 rounds
- Latest Funding Round$2.6M (USD), Series E
Apr 2003
- InvestorsMortgagebot
& 1 more
- Acquired byMortgagebot
(Mar 2009)
Funding Insights of Netupdate
Netupdate has successfully raised a total of $2.6M through 1 strategic funding round. The most recent funding activity was a Series E round of $2.6 million completed in April 2003. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.6M
- Total Rounds 1
- Last Round Series E — $2.6M
- First Round $2.6M
(Apr 2003)
- Investors Count 1
All 1 funding rounds of Netupdate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2003 | $2.6M | Series E | – | – |
2 investors in total: 2 institutional.
Investors in Netupdate
Netupdate has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mortgagebot and Alexander Hutton.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are provided by Alexander Hutton. | – | alexanderhutton.com | Seattle, United States | |
Web-based mortgage loan origination solutions are delivered for lenders. | 1997 | mortgagebot.com | Mequon, United States |
Investor details for Netupdate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Netupdate
3 dated milestones of Netupdate across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Netupdate is founded.
- Funding First funding round of $2.6M.
- Exit Acquired by Mortgagebot.
Competitors of Netupdate
Netupdate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simplenexus.com | 2011 | Draper, United States | $128M | 113 | Loan life cycle management platforms are developed for mortgage lenders. | |
| roostify.com | 2012 | Burlingame, United States | $61.71M | – | Digital loan origination solutions are provided for mortgage lenders. | |
| cloudvirga.com | 2015 | Irvine, United States | $100.51M | – | Cloud-based automation of mortgage lending processes is provided. | |
| bluesageusa.com | 2011 | Englewood Cliffs, United States | $35M | 128 | Cloud-based mortgage origination and customer engagement solutions are provided. | |
| vesta-sleep.com | 2020 | San Francisco, United States | – | – | Pillow and duvet cover products are provided by Vesta brand. | |
| lenderprice.com | 2015 | Los Angeles, United States | $8.41M | – | Competitive analytics and pricing are offered for the mortgage sector. | |
| acresoftware.com | 2018 | London, United Kingdom | $14.54M | 27 | Blockchain is applied to mortgage and insurance application processes. | |
| floify.com | 2012 | Boulder, United States | – | 43 | Mortgage borrower portals and dashboards are offered to financial institutions. | |
| opercredits.com | 2018 | Brussels, Belgium | $14.73M | 4 | A plug-and-play solution for digital mortgage products is offered. | |
| mqube.com | 2016 | Guildford, United Kingdom | $6.44M | 7 | Software solutions for the mortgage industry are developed and provided. |
Detailed competitors of Netupdate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Netupdate
Websites that share an audience with Netupdate (netupdate.com).
Websites whose visitors overlap most with Netupdate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| adic.com | 100% | – | – | View details | |
| majiq.com | 100% | – | – | View details | |
net-tech.com | net-tech.com | 100% | – | #7,676,734 | – |
ashkonsoftware.com | ashkonsoftware.com | 100% | – | – | – |
data-io.com | data-io.com | 100% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Netupdate
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Netupdate
10 companies that operate in the same segment as Netupdate (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Netupdate
Netupdate was founded in 1998 and raised its 1st funding round 5 years after it was founded.
Netupdate is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Netupdate is a funded company, having raised a total of $2.6M across 1 funding round to date. The company's 1st funding round was a Series E of $2.6M, raised on Apr 2003.
Netupdate was founded in 1998 in Bellevue, United States, and operates in the financial technology sector. Software as a service is provided for point-of-sale mortgage origination, enabling online collection of borrower data, communication updates, and integration with loan systems. This approach is used by lenders to handle internet-based transactions, with the company acquired by Mortgagebot from Most Home Corp in March 2009.
Netupdate's top competitors include Cloudvirga, Floify and Acre.
Netupdate has 2 investors. Key investors include Mortgagebot, and Alexander Hutton.
Yes. Netupdate was acquired by Mortgagebot in March 2009.