Upgrade is the developer of an online and mobile banking experience designed to deliver exceptional value, including affordable loans and cards, and helps customers make good financial decisions so they can build the future they want.
Estimated valuation today
$2.2B
-64.29% since last round
Calculated based on estimated multiplier and revenue.
Revenue
Update this based on your knowledge or projections. Calculations use last 12 months revenue.
Hype Multiple
Currently selected comps have a median growth rate of 1.75%
This premium represents how much of a bonus the company receives on its valuation for its additional growth compared to the selected public comps. The valuation is multipled by the Hype Multiple to get the final valuation. You can read more about this from a16z.
multiple
In an event of a merger or aquisition, the investors will get their money back first. In this case, the investors got paid out and there was sufficent money left for employees. Everything above this point means you can exercise your options for a profit.
The last round was 9 months ago.
Date
November 2021
Valuation
$6.3B
Amount raised
$280M
We estimate company valuation by comparing it to similiar companies in the public market. The revenue multipler is calculated by taking a company's current valuation and dividing it by its total revenue.
Multiple at last round
9.03x revenue
Today's multiple
3.69x revenue
Change
-59.14%
Companies
Industry – FinTech
Last updated 5 mins ago.
| Remove | Name | Ticker | Price multiple |
|---|---|---|---|
| Upgrade | 3.69x | ||
| Robinhood Markets Inc | HOOD | 4.84x | |
| Block Inc | SQ | 2.77x | |
| JPMorgan Chase & Co | JPM | 2.74x | |
| Bank of America Corp | BAC | 2.98x | |
| Visa Inc Class A | V | 15.50x |
| Date | Round | Amount raised | Price per share (Preferred) | Valuation |
|---|---|---|---|---|
| Nov 2021 | Series F | $279.6MM | $5.64 | $6.28B |
| Aug 2021 | Series E | $105.05MM | $3.22 | $3.33B |
| Jun 2020 | Series D | $81.75MM | $1.08 | $1.11B |
| Aug 2018 | Series C-1 | $93.15MM | $0.58 | $652.34MM |
| Aug 2018 | Series C-2 | $9.89MM | $0.58 | $652.34MM |
| Apr 2017 | Series A-2 | $42.3MM | $0.26 | $309.99MM |
| Apr 2017 | Series B | $20MM | $0.43 | $309.99MM |
| May 2016 | Series A | $2.5MM | $0.05 | $12.36MM |
| May 2016 | Series A-1 | $3.25MM | $0.05 | $12.36MM |
With a revenue of $405M and a Hype Multiple of 1.5x,
Upgrade is estimated to be worth $2.2B.