About Updater
Updater is a company based in New York (United States) founded in 2011 by David Greenberg.. Updater has raised $13 million across 7 funding rounds from investors including Fidelity International, Thorney and Second Century Ventures. Updater has completed 2 acquisitions, including Asset Controls and Bridgevine. Updater offers products and services including Moving App and Concierge Service. Updater operates in a competitive market with competitors including WiseMove, among others.
- Headquarter New York, United States
- Founders David Greenberg
- Stage Public
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Updater Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$13 M (USD)
in 7 rounds
-
Latest Funding Round
$64.46 M (USD), Post-IPO
Jun 14, 2023
-
Investors
Fidelity International
& 6 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Asset Controls
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Updater
Updater offers a comprehensive portfolio of products and services, including Moving App and Concierge Service. 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.
App for organizing household moves and services.
24/7 advice for moving tasks and quotes.
Unlock access to complete
Unlock access to complete
Funding Insights of Updater
Updater has successfully raised a total of $13M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $64.46 million completed in June 2023. 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 7
- Last Round Post-IPO — $64.5M
-
First Round
First Round
(17 May 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Post-IPO - Updater | Valuation |
investors |
|
| Nov, 2021 | Amount | Post-IPO - Updater | Valuation |
investors |
|
| Dec, 2019 | Amount | Post-IPO - Updater | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Updater
Updater has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity International, Thorney and Second Century Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
SaaS-based companies are invested in by Second Century Ventures.
|
Founded Year | Domain | Location | |
|
Investment in retail and financial services technologies.
|
Founded Year | Domain | Location | |
|
VC & PE firm
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Updater
Updater has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Asset Controls and Bridgevine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Web-based warehouse and inventory management solutions are provided.
|
2017 | ||||
|
Customer acquisition solutions are offered for home service brands.
|
2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Updater
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Updater Comparisons
Competitors of Updater
Updater 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 WiseMove, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App for tracking belongings and managing inventory during moves.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Updater
Frequently Asked Questions about Updater
When was Updater founded?
Updater was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Updater located?
Updater is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Updater?
David Greenberg is the current CEO of Updater. They have also founded this company.
Is Updater a funded company?
Updater is a funded company, having raised a total of $13M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $20M, raised on May 17, 2013.
What does Updater do?
Updater was founded in 2011 in New York, United States, and operates in the SaaS sector focused on relocation services. Software for managing moving checklists is offered, along with features such as online bookings for movers and truck rentals, utility transfers, address updates, and concierge options like cleaning and home security. Clients served include Greystar, Pinnacle, and The Laramar Group.
Who are the top competitors of Updater?
Updater's top competitors include WiseMove.
What products or services does Updater offer?
Updater offers Moving App and Concierge Service.
How many acquisitions has Updater made?
Updater has made 2 acquisitions, including Asset Controls, and Bridgevine.
Who are Updater's investors?
Updater has 7 investors. Key investors include Fidelity International, Thorney, Second Century Ventures, Commerce Ventures, and SoftBank Global.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.