What is Upserve?
Headquartered in Providence, Rhode Island, and founded in 2009, Upserve operates as a sophisticated smart tracking database designed specifically for the restaurant industry. The platform integrates disparate data points—ranging from point-of-sale transactions to inventory management—into a unified dashboard. This allows restaurateurs to monitor real-time performance metrics, analyze customer behavior, and streamline operational workflows. By positioning itself at the intersection of fintech and hospitality, Upserve provides the necessary business intelligence for modern dining establishments to remain competitive in an increasingly data-centric market.
How much funding has Upserve raised?
Upserve has raised a total of $41.3M across 5 funding rounds:
Private Equity
$1M
Other Financing Round
$875K
Series A
$7.4M
Series B
$12M
Series C
$20M
Private Equity (2009): $1M with participation from First Round Capital
Other Financing Round (2009): $875K led by First Round Capital and Angus Davis
Series A (2010): $7.4M supported by SV Angel, Index Ventures, Lowercase Capital, Greylock Partners, and First Round Capital
Series B (2013): $12M featuring Greylock Partners, Index Ventures, Shasta Ventures, and First Round Capital
Series C (2015): $20M backed by Pritzker Group Venture Capital, Index Ventures, Shasta Ventures, and First Round Capital
Key Investors in Upserve
Index Ventures
Index Ventures is a global venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders who challenge the status quo to build enduring companies.
First Round Capital
Baseline Ventures is a venture capital firm that invests in innovative startups across various sectors, focusing on supporting entrepreneurs to achieve significant results and market growth.
Greylock Partners
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies with a focus on innovation.
What's next for Upserve?
With a robust history of capital raises, including significant Series C financing, Upserve is well-positioned to scale its enterprise software offerings. The company's focus remains on deepening its analytical capabilities and expanding its market footprint within the hospitality sector. Future strategic initiatives are expected to prioritize the integration of advanced machine learning models to provide predictive insights, further cementing its role as an essential partner for high-growth restaurant groups seeking to maximize profitability and operational efficiency.
See full Upserve company page
