What is Upside?
Founded in 2017 and headquartered in the District of Columbia, Upside operates as an online platform dedicated to facilitating business travel. The company specializes in enabling corporate travelers to discover and reserve hotel accommodations and flight tickets, streamlining the booking process for professional journeys. Its focus on the enterprise segment suggests a robust B2B model designed to meet the complex needs of corporate clients.
How much funding has Upside raised?
Upside has raised a total of $165M across 1 funding round:
Series D
$165M
Series D (2022): $165M with participation from General Catalyst, Builders VC, and Bessemer Venture Partners
Key Investors in Upside
General Catalyst
General Catalyst is a prominent venture capital firm known for investing in companies from seed stage to growth equity, often focusing on technology and healthcare sectors.
Builders VC
Builders VC is an investment firm that typically backs early-stage technology companies, with a focus on disruptive solutions and scalable business models.
Bessemer Venture Partners
Bessemer Venture Partners is a well-established venture capital firm with a long history of investing in technology companies across various stages, from early-stage to growth.
What's next for Upside?
The recent major strategic investment, following a Series D funding round, indicates Upside is likely in a scaling or expansion phase. This capital infusion is expected to fuel further platform development, market penetration, and potentially the exploration of new service verticals or geographic regions. The company's ability to attract substantial enterprise-level funding points to strong market validation and investor confidence in its long-term vision and execution capabilities.
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