About Upsie
Upsie is a company based in Minneapolis (United States) founded in 2013 was acquired by AKKO in April 2024.. Upsie has raised $26.72 million across 6 funding rounds from investors including SVB, Techstars and AKKO. Upsie offers products and services including Smartphone Protection Plan, Smartwatch Protection Plan, and Laptop Protection Plan. Upsie operates in a competitive market with competitors including SquareTrade, AKKO, MyGearVault, eSecuritel and Everything Breaks, among others.
- Headquarter Minneapolis, United States
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Sectors
Financial Services
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Email
***********
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Phone
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Website
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Social
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- Legal Name Akko Llc
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Products & Services of Upsie
Upsie offers a comprehensive portfolio of products and services, including Smartphone Protection Plan, Smartwatch Protection Plan, and Laptop Protection Plan. 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.
Subscription for protecting smartphones against accidental damages
Coverage for smartwatches including repairs and replacements
Plan for laptops to cover hardware failures and damages
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Funding Insights of Upsie
Upsie has successfully raised a total of $26.72M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $18.2 million completed in May 2021. 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 6
- Last Round Series A — $18.2M
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First Round
First Round
(01 Oct 2014)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Upsie | Valuation | True Ventures | |
| Apr, 2019 | Amount | Seed - Upsie | Valuation | True Ventures | |
| Jan, 2018 | Amount | Seed - Upsie | Valuation | Techstars |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Upsie
Upsie has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Techstars and AKKO. 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 |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upsie
| 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 - Upsie
| 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 |
Upsie Comparisons
Competitors of Upsie
Upsie 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 SquareTrade, AKKO, MyGearVault, eSecuritel and Everything Breaks, 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 |
Independent warranties for consumer electronics and appliances are provided.
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| domain | founded_year | HQ Location |
Insurance quotes for devices and electronics are offered online.
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| domain | founded_year | HQ Location |
App for inputting, organizing, and protecting photography and videography equipment.
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| domain | founded_year | HQ Location |
Insurance for wireless devices
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| domain | founded_year | HQ Location |
Offers warranty and protection plans for consumer electronics to ensure product longevity.
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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 Upsie
Frequently Asked Questions about Upsie
When was Upsie founded?
Upsie was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Upsie located?
Upsie is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Upsie a funded company?
Upsie is a funded company, having raised a total of $26.72M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.15M, raised on Oct 01, 2014.
What does Upsie do?
Upsie was founded in 2013 in Minneapolis, United States, and operates in the insurance sector focused on consumer devices. Coverage options and warranties are managed through a mobile app, where policies can be purchased, claims initiated, and barcodes scanned during shopping to check available protections. The platform centralizes all device-related insurance functions for users.
Who are the top competitors of Upsie?
Upsie's top competitors include SquareTrade, AKKO and ProtectCELL.
What products or services does Upsie offer?
Upsie offers Smartphone Protection Plan, Smartwatch Protection Plan, and Laptop Protection Plan.
Who are Upsie's investors?
Upsie has 24 investors. Key investors include SVB, Techstars, AKKO, True Ventures, and Samsung NEXT.