What is Upside?
Founded in 2017 and headquartered in the District of Columbia, Upside operates as a sophisticated online platform designed to simplify the complexities of corporate travel. The company provides a comprehensive suite of tools that enable business travelers to efficiently search and book flights and hotel accommodations. By integrating travel management into a single, intuitive interface, Upside addresses the friction points often associated with corporate travel procurement, positioning itself as a vital asset for organizations seeking to optimize their travel expenditures and improve employee booking experiences.
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 Builders VC, Bessemer Venture Partners, and General Catalyst
Key Investors in Upside
Builders VC
A venture capital firm that focuses on investing in early-stage companies that are modernizing legacy industries through technology.
Bessemer Venture Partners
A globally recognized venture capital firm with a long history of backing transformative companies across the software and enterprise technology sectors.
General Catalyst
A prominent venture capital firm that partners with founders to build category-defining companies, often focusing on high-growth technology and consumer platforms.
What's next for Upside?
With the successful closure of this major enterprise-level funding, Upside is poised to enter a new phase of operational scaling. The strategic allocation of these funds will likely focus on expanding the platform's feature set, potentially incorporating advanced analytics and automated expense management capabilities to further solidify its value proposition. As the corporate travel sector continues to evolve toward more digitized and flexible booking models, Upside's ability to maintain its technological edge will be critical. The company is expected to prioritize market expansion and the refinement of its enterprise-grade services to capture a larger share of the global business travel market.
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