About UpdatePromise
UpdatePromise is a company based in Chino (United States) founded in 2009 by Flavio Jaen and Curtis Nixon.. UpdatePromise has raised $27.37 million across 4 funding rounds. UpdatePromise offers products and services including Intelligent Appointments, Tablet Vehicle Check-In, Digital Multi-Point Inspection, and UpdatePromise App. UpdatePromise operates in a competitive market with competitors including Xtime, myKaarma, Dealer.com, Rollick and CarNow, among others.
- Headquarter Chino, United States
- Founders Flavio Jaen, Curtis Nixon
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.37 M (USD)
in 4 rounds
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Latest Funding Round
$1 M (USD), Series B
Sep 05, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of UpdatePromise
UpdatePromise offers a comprehensive portfolio of products and services, including Intelligent Appointments, Tablet Vehicle Check-In, Digital Multi-Point Inspection, and UpdatePromise App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables online booking and optimal appointment times for dealership services.
Facilitates vehicle inspections with photos and videos on mobile devices.
Conducts comprehensive vehicle checks using checklists on tablets.
Allows tracking of inspections and online payments for users.
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Funding Insights of UpdatePromise
UpdatePromise has successfully raised a total of $27.37M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $1 million completed in September 2024. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $1.0M
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First Round
First Round
(12 Apr 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2024 | Amount | Series B - UpdatePromise | Valuation |
investors |
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| May, 2024 | Amount | Series B - UpdatePromise | Valuation |
investors |
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| Mar, 2023 | Amount | Series B - UpdatePromise | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by UpdatePromise
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UpdatePromise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Updatepromise Comparisons
Competitors of UpdatePromise
UpdatePromise 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 Xtime, myKaarma, Dealer.com, Rollick and CarNow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Customer engagement tools for automotive dealers are provided.
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| domain | founded_year | HQ Location |
SaaS-based customer interaction management is provided for dealerships.
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| domain | founded_year | HQ Location |
Digital marketing solutions for automotive dealerships are delivered.
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| domain | founded_year | HQ Location |
Omnichannel marketing automation is provided to automotive OEMs and dealers.
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| domain | founded_year | HQ Location |
SaaS tools enable digital customer engagement for automotive dealers.
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| domain | founded_year | HQ Location |
Cloud-based marketing automation is offered for the automobile industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Updatepromise
Frequently Asked Questions about UpdatePromise
When was UpdatePromise founded?
UpdatePromise was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is UpdatePromise located?
UpdatePromise is headquartered in Chino, United States. It is registered at Chino, California, United States.
Who is the current CEO of UpdatePromise?
Curtis Nixon is the current CEO of UpdatePromise. They have also founded this company.
Is UpdatePromise a funded company?
UpdatePromise is a funded company, having raised a total of $27.37M across 4 funding rounds to date. The company's 1st funding round was a Series B of $17.09M, raised on Apr 12, 2018.
What does UpdatePromise do?
UpdatePromise was founded in 2009 and is based in Chino, United States. Customer engagement lifecycle management solutions are offered to auto dealerships and insurers through a TCPA-compliant platform. Automated status messaging via text and email is enabled, along with mobile payment integrations and approved customer satisfaction surveys. Data analytics, automated review processes, and social media management are also supported to enhance operations in the automotive and insurance sectors.
Who are the top competitors of UpdatePromise?
What products or services does UpdatePromise offer?
UpdatePromise offers Intelligent Appointments, Tablet Vehicle Check-In, Digital Multi-Point Inspection, and UpdatePromise App.