ServiceUp Raises $55M in Series B
ServiceUp has successfully raised $55M in a Series B from multiple investors.
Company Overview
ServiceUp is a InsurTech company headquartered in Tel Aviv, Israel, founded in 2020 with 120+ employees.
Digital insurance platform for home services and warranties
Fundraising Details
- Amount Raised: $55M
- Round Type: Series B
- Date: 2025-06-30
- Investors: Multiple investors
About ServiceUp
Digital insurance platform for home services and warranties The company is positioned in the InsurTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Tel Aviv, Israel
- Founded: 2020
- Team Size: 120+
- Industry: InsurTech
What This Means
This funding round demonstrates strong investor confidence in ServiceUp's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The InsurTech sector continues to attract significant investment as companies innovate to meet evolving market demands. ServiceUp's successful fundraising reflects the strong fundamentals and growth potential in this space.
Looking Ahead
With this new capital, ServiceUp is well-positioned to execute on its growth strategy and continue building innovative solutions in the InsurTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2025-06-30. For more information about ServiceUp, visit their headquarters at Tel Aviv, Israel.
