Upgrade
Upgrade Raises $165M in Pre-IPO
Quick Facts
Upgrade Raises $165M in Pre-IPO
Upgrade has successfully raised $165M in a Pre-IPO at a $7.3B valuation led by Neuberger Berman, Koch Industries, Ventura Capital.
Company Overview
Upgrade is a FinTech company headquartered in San Francisco, CA, founded in 2017 with 1000+ employees.
Consumer credit platform offering credit cards, loans and banking preparing for IPO
Fundraising Details
- Amount Raised: $165M
- Round Type: Pre-IPO
- Valuation: $7.3B
- Date: 2025-10-16
- Investors: Neuberger Berman, Koch Industries, Ventura Capital
About Upgrade
Consumer credit platform offering credit cards, loans and banking preparing for IPO The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2017
- Team Size: 1000+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Upgrade'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 FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Upgrade's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $7.3B valuation marks an important milestone for Upgrade, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Upgrade is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2025-10-16. For more information about Upgrade, visit their headquarters at San Francisco, CA.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.