What is Upserve?
Established in 2009 and headquartered in Providence, Rhode Island, Upserve operates as a sophisticated analytics database for restaurants. The platform empowers businesses to meticulously analyze their performance metrics, providing actionable insights derived from operational data. This focus on data-driven decision-making enables restaurants to optimize their operations, enhance customer experiences, and drive profitability. Upserve's comprehensive suite of tools addresses critical aspects of restaurant management, from sales forecasting to inventory control, positioning it as a vital partner for modern eateries.
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 Angus Davis and First Round Capital
Series A (2010): $7.4M supported by Index Ventures, Greylock Partners, SV Angel, First Round Capital, and Lowercase Capital
Series B (2013): $12M featuring First Round Capital, Index Ventures, Shasta Ventures, and Greylock Partners
Series C (2015): $20M backed by First Round Capital, Index Ventures, Pritzker Group Venture Capital, and Shasta Ventures
Key Investors in Upserve
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors, focusing on supporting entrepreneurs and driving significant results with a notable track record of successful IPOs and acquisitions.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies.
Shasta Ventures
Shasta Ventures is a leading early-stage venture capital firm that partners with bold entrepreneurs passionate about building great products and delivering amazing work experiences, specializing in enterprise software startups.
What's next for Upserve?
With a significant infusion of capital, Upserve is strategically positioned for accelerated growth and innovation. The company is likely to leverage this backing to enhance its product offerings, expand its market reach, and potentially explore strategic acquisitions. Continued investment in its advanced analytics capabilities will be crucial for maintaining its competitive edge in the dynamic restaurant technology landscape. Upserve's trajectory suggests a focus on deepening its integration with restaurant workflows and providing increasingly sophisticated tools for operational efficiency and revenue generation.
See full Upserve company page
