What is Uplevel?
Founded in 2018 and based in Seattle, Washington, Uplevel operates as an engineering effectiveness platform. It utilizes a sophisticated blend of machine learning and organizational science principles to drive behavioral change within engineering teams. The platform aims to optimize development processes, improve team collaboration, and ultimately boost overall engineering output. Uplevel's approach is data-driven, providing actionable insights to help organizations achieve higher levels of efficiency and effectiveness in their software development lifecycle.
How much funding has Uplevel raised?
Uplevel has raised a total of $27.6M across 3 funding rounds:
Angel/Seed
$7.5M
Debt
$150K
Series A
$20M
Angel/Seed (2020): $7.5M with participation from Voyager Capital, Madrona Venture Group, and Norwest Venture Partners
Debt (2020): $150K led by PPP
Series A (2022): $20M supported by Cota Capital, Madrona Venture Group, Norwest Venture Partners, and Voyager Capital
Key Investors in Uplevel
Voyager Capital
Voyager Capital is a venture capital firm that has focused on first-round venture investments since 1997, particularly in the Pacific Northwest. They specialize in B2B software, cloud infrastructure, and AI/ML-driven applications, providing entrepreneurs with support and industry connections.
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm investing in consumer internet, commercial software, and services, with a strong presence in the Pacific Northwest technology ecosystem.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, with a broad investment focus across various technology sectors.
What's next for Uplevel?
The recent major strategic investment signals a pivotal phase for Uplevel, likely enabling accelerated product development, market expansion, and further scaling of its operations. With substantial backing, the company is well-positioned to enhance its machine learning capabilities and broaden its reach within the enterprise sector. Future initiatives may include strategic partnerships, talent acquisition to bolster its engineering and data science teams, and continued innovation in applying organizational science to software development challenges. This funding will be instrumental in solidifying Uplevel's position as a leader in the engineering effectiveness space.
See full Uplevel company page
