/Companies

Upstart

NASDAQ: UPSTalso invests · investor profile

Palo Alto, US · Founded 2013 · Public · 20 known investors

Find your way into Upstart

517 people in our graph share verified history with the Upstart team — schools, employers, funds. One of them is your warm intro.

Paul Guunlockedknows Alison Nicoll · together at Upstart (overlapped)
×6knows the team · via Upstart
×5knows the team · via Davis Polk & Wardwell

Upstart is an AI lending marketplace that partners with banks and credit unions to underwrite personal, auto and small-dollar loans on more than traditional credit scores; it went public on the Nasdaq in December 2020.

Founders & leadership

Upstart was founded in 2013 by Paul Gu and Dave Girouard.

PGPaul Gu
Paul GuCofounder30 Under 30 2020
DGDave Girouard
Dave GirouardChief Executive Officer; Chairperson of the BoardChief Executive Officer; Chairperson of the Board at Upstart Holdings
ANAlison Nicoll
Alison NicollExecutiveAlison Nicoll served as General Counsel in the financial services industry and is an Executive Officer at Upstart Holdings, an AI-powered online lending platform.
RR
Ryan RandallExecutive
SD
Sanjay DattaCFO of Administrator, Upstart Network, Inc.

Board

RSRob Schwartz
Rob SchwartzMember Board of Directors2015–2021Investor at Third Point Ventures
AP
Andy PalmerBoard director

Investors · 20

Reported raises · per SEC filings

Form D private placements

$169M disclosed across 5 rounds · 2013–2016

▶$99.5MraisedJul 2018 · 2296 investors · Other Banking and Financial Services
Rule 506(b)
Officers, directors & promoters on the filing
  • David Joseph GirouardExecutive Officer, Director, Promoter
  • Sanjay DattaExecutive Officer
  • Alison Fiona NicollExecutive Officer
Offering amount
$150M
Amount sold
$99.5M
Minimum investment
$100
First sale
May 2014
Incorporated
Business Trust, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$32.4MraisedMar 2017 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David GirouardExecutive Officer, Director
  • Alison NicollExecutive Officer
  • Paul GuDirector
  • Oskar Mielczarek de la MielDirector
  • Robert SchwartzDirector
  • Andy PalmerDirector
Offering amount
$56.6M
Amount sold
$32.4M
First sale
Nov 2016
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$35MraisedJul 2015 · 13 investors · Other Banking and Financial Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Rob SchwartzDirector
  • Alison NicollExecutive Officer
  • Andy PalmerDirector
  • David GirouardExecutive Officer, Director
  • Ryan RandallExecutive Officer
  • Paul GuDirector
Offering amount
$35M
Amount sold
$35M
First sale
Jun 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$100.3KraisedMar 2014 · 44 investors · Other Banking and Financial Services
Rule 506(b)
Officers, directors & promoters on the filing
  • David Joseph GirouardExecutive Officer, Director, Promoter
  • Andrew Hunt PalmerExecutive Officer, Director
  • Alison Fiona NicollExecutive Officer
  • Ryan RandallExecutive Officer
Offering amount
$5M
Amount sold
$100.3K
Minimum investment
$100
First sale
Mar 2014
Incorporated
Business Trust, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedJan 2014 · 271 investors · Other Banking and Financial Services
Rule 506(b)
Officers, directors & promoters on the filing
  • David Joseph GirouardExecutive Officer, Director
  • Alison Fiona NicollExecutive Officer
  • Andrew Hunt PalmerDirector
Offering amount
$2.5M
Amount sold
$2M
Minimum investment
$100
First sale
Jan 2013
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$9.1Bvaluation at IPOApr 2021 · $120.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Acquisitions · 1

Early investors' stakes continue via these deals
Prodigy

Digital platform modernizing car sales to improve the buying experience.

Frequently asked questions

What does Upstart do?
Upstart is an AI lending marketplace that partners with banks and credit unions to underwrite personal, auto and small-dollar loans on more than traditional credit scores; it went public on the Nasdaq in December 2020.
Who founded Upstart?
Upstart was founded by Paul Gu, Dave Girouard in 2013.
Who are Upstart's investors?
Upstart's investors include Alumni Ventures, Ballistic Ventures, Basecamp Fund, Collaborative Fund, Correlation Ventures, CrunchFund, Eudemian Ventures, First Round Capital and 12 more.
How much funding has Upstart raised?
Upstart has disclosed $169M raised across 5 rounds.
Is Upstart publicly traded?
Yes — Upstart trades on NASDAQ under the ticker UPST.
Where is Upstart headquartered?
Upstart is headquartered in Palo Alto, US.