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FinTech

Upstart

Upstart raises $400M Convertible Note at $3.7B valuation

2950 South Delaware Street, San Mateo, CA 94403March 19, 20241 min read
Total Raised
$400M
Valuation
$3.7B
Latest Round
Convertible Note
Employees
1800+

Upstart: Convertible Note Funding Round

Upstart has successfully raised $400M in Convertible Note funding, reaching a valuation of $3.7B.

Company Overview

AI lending platform

Funding Details

The Convertible Note round was led by Third Point Ventures, with participation from Khosla Ventures, Rakuten, Google Ventures, Institutional Venture Partners, Credicorp Capital.

Company Information

  • Headquarters: 2950 South Delaware Street, San Mateo, CA 94403
  • Founded: 2012
  • Employees: 1800+
  • Category: FinTech

Investment

Upstart plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Third Point Ventures: Verified investor in Convertible Note
  • Khosla Ventures: Verified investor in Convertible Note
  • Rakuten: Verified investor in Convertible Note
  • Google Ventures: Verified investor in Convertible Note
  • Institutional Venture Partners: Verified investor in Convertible Note
  • Credicorp Capital: Verified investor in Convertible Note

Company Info

Headquarters
2950 South Delaware Street, San Mateo, CA 94403
Founded
2012
Team Size
1800+
Last Round
$400M(Mar 2024)

Investors (6)

T
Third Point VenturesLead
Lead Investor
Verified investor in Convertible Note
K
Khosla Ventures
Investor
Verified investor in Convertible Note
R
Rakuten
Investor
Verified investor in Convertible Note
G
Google Ventures
Investor
Verified investor in Convertible Note
I
Institutional Venture Partners
Investor
Verified investor in Convertible Note
C
Credicorp Capital
Investor
Verified investor in Convertible Note

Topics

verified(3079)real-funding(3079)upstartfintechconvertible-note2950-south-delaware-street

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