What is Updater?
Founded in 2011 and headquartered in New York, Updater operates a sophisticated web-based platform designed to centralize and automate the myriad tasks involved in moving. The company provides a comprehensive suite of logistics and real estate products that allow industry partners to brand and personalize the moving experience for their clients. By bridging the gap between real estate transactions and the logistical requirements of relocation, Updater has established itself as a vital utility in the property technology landscape. Its platform serves as a digital hub, simplifying everything from utility connections to address updates, thereby reducing friction for both consumers and real estate professionals.
How much funding has Updater raised?
Updater has raised a total of $300.1M across 5 funding rounds:
Series A
$8M
Stock Offering
$16.1M
Debt
$1M
Debt
$60M
Private Equity
$215M
Series A (2014): $8M with participation from Second Century Ventures, IA Ventures, Commerce Ventures, and SoftBank Group Corp
Stock Issuance/Offering (2015): $16.1M, investors not publicly disclosed
Debt (2020): $1M supported by PPP
Debt (2021): $60M featuring Second Century Ventures
Private Equity (2022): $215M backed by Vista Credit Partners
Key Investors in Updater
SoftBank Group Corp
SoftBank Group Corp. is a global technology holding company that drives innovation across AI, robotics, and internet services, leveraging its massive investment platforms to scale transformative businesses.
IA Ventures
IA Ventures is a venture capital firm specializing in early-stage investments in innovative technology companies, utilizing data-driven insights to support startups poised for digital growth.
Commerce Ventures
Commerce Ventures partners with entrepreneurs to build infrastructure for retail and financial services, focusing on sectors like payment tech and modernizing commercial lending.
What's next for Updater?
With the recent influx of capital, Updater is well-positioned to accelerate its product development and expand its footprint within the enterprise real estate market. The strategic focus will likely center on deepening its integration capabilities and enhancing the personalization features that define its value proposition. As the real estate industry continues to prioritize digital transformation, Updater's ability to provide a seamless, end-to-end relocation experience will be a key driver of its long-term growth. The company is expected to leverage this financial backing to solidify its market leadership, potentially exploring new service verticals that further simplify the complexities of modern residential mobility.
See full Updater company page
