Upstart Holdings
NASDAQ: UPSTUnicorn · $9.1BPalo Alto, US · Founded 2013 · Delaware corporation · 2 known investors
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Upstart operates an AI-powered online lending platform that connects borrowers with banks, credit unions, and institutional investors to originate personal loans, auto loans, and home equity lines of credit. The company earns fees from lending partners and investors by providing machine-learning-based underwriting models designed to expand credit access and lower interest rates relative to traditional credit scoring systems.
Founders & leadership
Upstart Holdings was founded in 2013 by Paul Gu and Dave Girouard.
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$67.4M disclosed across 2 rounds · 2015–2016
▶$32.4MraisedMar 2017 · 11 investors · OtherRule 506(b)
- 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
▶$35MraisedJul 2015 · 13 investors · Other Banking and Financial ServicesRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: 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 dealsDigital platform modernizing car sales to improve the buying experience.
In the news
Upstart shows strong AI-driven loan growth and ... | Pluangpluang.com · Sep 2026
Is SoFi's Product Flywheel Gaining Enough Traction to Lift SOFI Stock?finance.yahoo.com · Aug 2026
Upstart Holdings (UPST) Could Be 28% Undervalued As Its Second Leg Story Takes Shapefinance.yahoo.com · Aug 2026
How Strong Q2 Results And New Castlelake Loan Pact At Upstart (UPST) Has Changed Its Investment Story - Simply Wall St Newssimplywall.st · Aug 2026Frequently asked questions
- What does Upstart Holdings do?
- Upstart operates an AI-powered online lending platform that connects borrowers with banks, credit unions, and institutional investors to originate personal loans, auto loans, and home equity lines of credit. The company earns fees from lending partners and investors by providing machine-learning-based underwriting models designed to expand credit access and lower interest rates relative to traditional credit scoring systems.
- Who founded Upstart Holdings?
- Upstart Holdings was founded by Paul Gu, Dave Girouard in 2013.
- Who are Upstart Holdings's investors?
- Upstart Holdings's investors include Khosla Ventures, Third Point Ventures.
- How much funding has Upstart Holdings raised?
- Upstart Holdings has disclosed $67.4M raised across 2 rounds.
- Where is Upstart Holdings headquartered?
- Upstart Holdings is headquartered in Palo Alto, US.