Upstart
Upstart is a crowdfunding platform that lets college grads raise capital in exchange for a small share of their future income.
Launch date
Employees
Market cap
€3.1b
Enterprise valuation
€3.6b (Public information from Sep 2024)
Share price
$38.31 UPST
San Mateo California (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 222m | 847m | 838m | 508m | 568m | 727m | 860m |
| % growth | 36 % | 281 % | (1 %) | (39 %) | 12 % | 28 % | 18 % |
| EBITDA | 32.0m | 232m | 37.0m | (17.2m) | (32.5m) | 56.3m | 96.8m |
| % EBITDA margin | 14 % | 27 % | 4 % | (3 %) | (6 %) | 8 % | 11 % |
| Profit | 6.0m | 135m | (109m) | (240m) | (208m) | (127m) | (37.5m) |
| % profit margin | 3 % | 16 % | (13 %) | (47 %) | (37 %) | (17 %) | (4 %) |
| EV / revenue | 13.3x | 14.3x | 2.0x | 8.2x | 7.6x | 5.8x | 4.8x |
| EV / EBITDA | 92.3x | 52.2x | 44.5x | -240.8x | -132.6x | 75.2x | 43.1x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$1.8m | Seed | ||
$5.9m | Series A | ||
$10.5m | Series B | ||
$35.0m | Series C | ||
$32.5m | Series D | ||
$50.0m | Series D | ||
| N/A | $240m Valuation: $1.8b 11.1x EV/LTM Revenues | IPO | |
* | N/A | $375m | Post IPO Convertible |
| Total Funding | €123m | ||
