Upper90
Venture debtProvidence · Seed–Series B · 23 people tracked
Also known as UPPER90 CAPITAL MANAGEMENT, LP
Investment thesis
Upper90 is a credit-led hybrid firm that invests across the capital stack, combining debt and equity to fund capital-intensive e-commerce and fintech startups with predictable revenue or asset collateral. It typically provides $5-25M credit facilities that can scale to $250M+ for Seed through Series B companies, sizing based on asset performance rather than equity raised. The firm offers corporate and asset-based loans, preferred equity, and other creative structures so founders can scale while retaining more ownership. Its network of 300+ business-builder limited partners helps portfolio companies with diligence, customer acquisition, and talent, positioning Upper90 as a long-term strategic partner rather than a purely financial one.
Source: firm website, verified Aug 3, 2026.
Team · 23 people
from the firm's website
What they invest in
from 19 of 60 portfolio companiesFintech ×11AI & Machine Learning ×7SaaS ×5E-commerce ×4Enterprise Software ×4Cloud Computing ×2Consumer ×2Data & Infrastructure ×2
HQs:United States×16United Kingdom×1Mexico×1
Investments · 60 tracked
founders shown can be your intro path
Authentic builds technology infrastructure for specialized insurance programs, enabling brokers and carriers to develop tailored coverage for specific niches and classes.
Enterprise SoftwareInsurTech
Cole Riccardi(CEO & Cofounder)Kyle Babirad(COO & Cofounder)Saravana Kumar(CTO)
Beacon provides a platform that delivers real-time visibility and standardized data across supply chains through a unified dashboard for shippers, manufacturers, and retailers.
AI & Machine LearningData & InfrastructureEnterprise SoftwareLogistics & Supply ChainSaaSLondon, GB
Dan Fletcher(Cofounder)Aerica Banks(Cofounder)
Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.
AI & Machine LearningCloud ComputingEnergy
Cully Cavness(Co-Founder)Chase Lochmiller(Executive Officer, Director)
Dandy is a digital dental laboratory that provides AI-powered technology and software to dental practices, offering services including crowns, bridges, dentures, implants, and clear aligners.
AI & Machine LearningHealthtechMedical Devices
Daniel Hanover(Founder)inToni Oloko(Cofounder)
DeepInfra provides inference infrastructure for deploying open-source AI models at scale, built from GPU hardware to API layer.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsPalo Alto, US
Nikola Borisov(Executive Officer, Director)Yessenzhar Kanapin(Executive Officer, Director)Georgios Papoutsis(Executive Officer, Director)
Sugar Land, US
Bruno Sidler(Director)Allen Melton(Chief Commercial Officer)Adolph Peter Colaco(Chief Executive Officer and Director)
Finley provides software to banks and asset managers that automates debt capital management, due diligence, compliance, and reporting for asset-backed finance, private credit, and structured finance.
Enterprise SoftwareFintechSaaSSan Francisco, US
Jeremy Tsui(Founder)inKevin Suh(Founder)inJosiah Tsui(Founder)inJames Green(Director)
Gynger provides non-dilutive capital to startups to purchase software and infrastructure tools, combining financing with software procurement to help businesses manage cash flow without equity dilution or traditional lending requirements.
AI & Machine LearningFintechSaaS
New York, US
Keith Hamlin(Director)Neal Desai(Executive Officer, Director)Wesley Barton(Director)
Karat provides financial products and credit solutions for creators and entrepreneurs.
Creator EconomyFintechLos Angeles, US
Mundi provides flexible financing solutions for Mexican exporters, including invoice factoring, purchase order advances, and revolving credit lines.
FintechMexico City, MX
Neon is a mobile app platform that lets users monetize their phone call data by sharing it with AI companies for model training, while maintaining control over their personal information.
AI & Machine LearningConsumer
Alex Kiam(Founder)
Octane operates a technology-enabled lending marketplace and in-house lender (Roadrunner Financial) that provides point-of-sale financing for lifestyle purchases in markets such as powersports vehicles, outdoor power equipment, and RVs.
FintechMarketplacesNew York, US
Mark Davidson(Executive Officer)Jesse Beyroutey(Director)Steven Fernald(Executive Officer, Director)Maria Aveledo(Executive Officer)Jason Guss(Executive Officer, Director)Mark Molnar(Executive Officer)
PayJoy provides financial services and credit access to unbanked and underbanked populations in emerging markets across Africa, Asia, and Latin America.
B2B MarketplacesFintechImpact & Social GoodRetail TechSan Francisco, US
Douglas Ricket(Executive Officer, Director)Gilberto Lopez(Executive Officer)Mark Heynen(Executive Officer)
BoardJohn ButtrickJosh McFarlandTodd Schell
Razor Group operates a portfolio of e-commerce brands, handling global procurement, supply chain, and logistics as well as acquiring and scaling online consumer product companies.
ConsumerE-commerceLogistics & Supply Chain
Settle provides a platform that consolidates procurement and accounts payable for consumer packaged goods (CPG) brands, enabling them to manage purchases, track spending, and pay vendors.
E-commerceEnterprise SoftwareFintechSaaSSan Francisco, US
Nish Samantray(Co-Founder)Greg Davidson(CEO & Co-Founder)
Wurthy offers a platform that combines AI and financial services for small and midsize businesses, including an AI business partner called Wes that automates tasks and supports decision-making.
AI & Machine LearningFintechSaaSLarkspur, US
Rudd Davis(Executive Officer, Director)Mike DiCarloIan Finlay
Frequently asked questions
- What stage does Upper90 invest at?
- Upper90 invests at the Seed, Series A, Series B stages.
- What is Upper90's typical check size?
- Upper90 typically writes checks of $5M – $25M.
- What sectors does Upper90 focus on?
- Upper90 focuses on E-commerce, Fintech, Sector Agnostic.
- Where is Upper90 located?
- Upper90 is headquartered in Providence, US.
- Does Upper90 lead rounds?
- Yes, Upper90 leads investment rounds.
Media · Podcasts & interviews
featuring the teamBilly Libby: Upper90
Sutton Capital: THE INVESTOR with Joel Palathinkal · Billy Libby
New school lending in the venture ecosystem - a conversation with Billy Libby of Upper90
Random Walk · Billy Libby
Venture Capital is a Team Sport - Billy Libby, CEO of Upper90
Miguel Armaza · Billy Libby
Things Are Never as Good or as Bad As You Expect - CEO of Upper90, Billy Libby
Miguel Armaza · Billy Libby
The Future of Debt, Credit, & Venture Capital - Billy Libby, CEO of Upper90
Miguel Armaza · Billy Libby
Unlocking Capital: The Power of Venture Debt for Startups with Billy Libby of Upper90
Mark Peter Davis · Billy Libby
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