Tech Company Financing Transactions
Upgrade Funding Round
Santander InnoVentures, Ribbit Capital and Silicon Valley Bank participated in a $40 million Series D venture round for Upgrade. The funding round was announced on 6/18/2020.
Transaction Overview
Company Name
Announced On
6/18/2020
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series D
Investors
Santander InnoVentures (Lead Investor) (Chris Gottschalk)
Proceeds Purpose
The company intends to use the funds to accelerate growth of Upgrade Card, and the upcoming launch of Upgrade Account.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
275 Battery St. 23rd Floor
San Francisco, CA 94111
USA
San Francisco, CA 94111
USA
Phone
Website
Email Address
Overview
Upgrade's founding team pioneered online lending on the premise that an online platform would operate at a lower cost and deliver a better customer experience than traditional banking.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Renaud Laplanche
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About Database of VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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