About Upstart
Upstart is a company based in Palo Alto (United States) founded in 2012 by Paul Gu.. Upstart has raised $128.65 million across 8 funding rounds from investors including Kleiner Perkins, Khosla Ventures and Progressive Investment Company. The company has 1,190 employees as of December 31, 2024. Upstart has completed 1 acquisition, including GetProdigy. Upstart operates in a competitive market with competitors including Laurel Road, Tekion, CDK Global, Tala and Dealertrack, among others.
- Headquarter Palo Alto, United States
- Employees 1190 as on 31 Dec, 2024
- Founders Paul Gu
- Stage Public
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Upstart Holdings, Inc.
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Annual Revenue
$636.53 M23.94as on Dec 31, 2024
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Net Profit
$-128.58 M46.45as on Dec 31, 2024
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EBITDA
$-152.31 M34.24as on Dec 31, 2024
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Total Equity Funding
$128.65 M (USD)
in 8 rounds
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Latest Funding Round
$50 M (USD), Series D
Apr 08, 2019
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Investors
Kleiner Perkins
& 16 more
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Employee Count
1190
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Upstart
Upstart is a publicly listed company on the NASDAQ with ticker symbol UPST in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
49 people
Senior Team
30 people
Leadership Team
29 people
Legal and Compliance
28 people
Product Management Team
24 people
Sales and Marketing
16 people
Finance and Accounting
14 people
Data Analysis and Operations Team
13 people
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Funding Insights of Upstart
Upstart has successfully raised a total of $128.65M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in April 2019. 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 8
- Last Round Series D — $50.0M
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First Round
First Round
(01 Apr 2012)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series D - Upstart | Valuation | Progressive Investment Company , Hoopp |
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| Mar, 2017 | Amount | Series D - Upstart | Valuation | Rakuten Capital | |
| Jul, 2015 | Amount | Series C - Upstart | Valuation | Third Point |
| 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 Upstart
Upstart has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, Khosla Ventures and Progressive Investment Company. 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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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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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 Upstart
Upstart has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GetProdigy. 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 |
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automotive web-store services are automated via a SaaS platform.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Upstart
| 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 |
Upstart Comparisons
Competitors of Upstart
Upstart 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 Laurel Road, Tekion, CDK Global, Tala and Dealertrack, 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 |
Student loan refinancing, mortgages, and personal loans are offered online.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Upstart
Frequently Asked Questions about Upstart
When was Upstart founded?
Upstart was founded in 2012.
Where is Upstart located?
Upstart is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Upstart a funded company?
Upstart is a funded company, having raised a total of $128.65M across 8 funding rounds to date. The company's 1st funding round was a Series C of $35M, raised on Apr 01, 2012.
How many employees does Upstart have?
As of Dec 31, 2024, the latest employee count at Upstart is 1,190.
What is the annual revenue of Upstart?
Annual revenue of Upstart is $636.53M as on Dec 31, 2024.
What does Upstart do?
Upstart was founded in 2012 and is headquartered in Palo Alto, United States. Operations are conducted in the fintech sector as an AI-enabled online marketplace. Loans offered include personal, credit card, car, debt consolidation, wedding, medical, and small business varieties for consumers and businesses. Personalized loan rates are determined based on individual credit assessments.
Who are the top competitors of Upstart?
Upstart's top competitors include Laurel Road, Tala and Tekion.
Is Upstart publicly traded?
Yes, Upstart is publicly traded on NASDAQ under the ticker symbol UPST.
How many acquisitions has Upstart made?
Upstart has made 1 acquisition, including GetProdigy.
Who are Upstart's investors?
Upstart has 17 investors. Key investors include Kleiner Perkins, Khosla Ventures, Progressive Investment Company, Hoopp, and First National Bank.
What is Upstart's ticker symbol?
The ticker symbol of Upstart is UPST on NASDAQ.
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