Cointime

Upstart

company

About

Upstart leverages artificial intelligence and machine learning to price credit and automates the borrowing process.

  • 251 - 500

Highlights

Total Funding Amount
$32.50M
Funding Rounds
1
Investors
1
Investments
1

Details

Last Funding Type
Series C
Last Funding Money Raised
$32.50M
Industries
Credit,Financial Services,FinTech,Lending
Founded date
Apr 1, 2012
Number Of Employee
251 - 500
Operating Status
Active

Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand.

It was founded in 2012 and headquartered in San Carlos, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$32.50M
Upstart has raised a total of $32.50M in funding over 2 rounds. Their latest funding was raised on Mar 2, 2017 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 2, 2017 Series C $32.50M 1 Rakuten — Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Upstart has made 1 investments. Their most recent investment was on Feb 23, 2022, when Teller Finance raised $6.85M.
Date Company Name
Round Money Raised Industry Lead Investor
Feb 23, 2022 Teller Finance
Series Unknown $6.85M Blockchain —

Investors

Number of Lead Investors
Number of Investors
1
1
Upstart is funded by 1 investors. Rakuten are the most recent investors.
Investor Name Lead Investor Funding Round
Rakuten Yes Series C
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