What is Upserve?
Established in 2009 and headquartered in Providence, Rhode Island, Upserve operates a sophisticated database designed for restaurants to analyze performance metrics. The platform provides critical insights into various aspects of restaurant operations, enabling businesses to make data-driven decisions. Upserve's technology aims to optimize efficiency, enhance customer experiences, and drive profitability within the competitive food service industry. The company's focus on actionable analytics positions it as a key technology provider for modern restaurateurs.
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 SV Angel, First Round Capital, Lowercase Capital, Index Ventures, and Greylock Partners
Series B (2013): $12M featuring Index Ventures, Shasta Ventures, Greylock Partners, and First Round Capital
Series C (2015): $20M backed by Index Ventures, Pritzker Group Venture Capital, Shasta Ventures, and First Round Capital
Key Investors in Upserve
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the world. Generational Index-backed companies include Adyen, Datadog, Discord, Figma, Robinhood, and Roblox.
Shasta Ventures
Shasta Ventures puts entrepreneurs first. A leading early-stage venture capital firm, Shasta partners with bold creative entrepreneurs who are passionate about building great products that deliver amazing work experiences. Founded in 2004, Shasta Ventures has more than $1B under management and specializes in enterprise software startups. Our portfolio features Anaplan, Appsheet, Apptio, Glint, Zuora and many promising start-ups. Find out more at www.shastaventures.com.
First Round Capital
Baseline Ventures is a venture capital firm that invests in innovative startups across various sectors. The company focuses on supporting entrepreneurs and helping them achieve significant results, with a notable track record of successful IPOs and acquisitions. Their portfolio includes companies in finance, technology, and consumer services, catering to a diverse range of clients. Baseline Ventures aims to partner with exceptional entrepreneurs to drive growth and create value in the market.
What's next for Upserve?
With a history of consistent investment, Upserve is well-positioned for continued growth and innovation. The recent enterprise-level financing, alongside previous rounds including Series A, B, and C, indicates strong investor confidence in Upserve's business model and market potential. This strategic backing will likely support the expansion of its product offerings, enhancement of its data analytics capabilities, and broader market penetration. Upserve is poised to further solidify its role as a leader in restaurant technology, driving digital transformation within the industry.
See full Upserve company page
