Updater

company

About

Updater is a tool designed to simplify the moving experience.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$215M
Industries
Apps,Software
Founded date
Jan 1, 2011
Number Of Employee
251 - 500
Operating Status
Active
Stock Symbol
asx:UPD
Legal Name
Updater Inc.

Updater is a company that develops technology to help consumers relocate more easily. They help to relocate consumers, organize and complete their moving-related logistics, and partner with real estate agents and brokers, property managers, and moving companies.

The company was founded in 2010 by David Greenberg and is headquartered in New York.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
11
$467.50M
Updater has raised a total of $467.50M in funding over 2 rounds. Their latest funding was raised on May 17, 2022 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 17, 2022 Debt Financing $215M 1 Vista Credit Partners Detail
Nov 23, 2021 Convertable Note $60M 1 Detail
Dec 19, 2019 Series Unknown $95M 1 Second Century Ventures Detail
Sep 7, 2017 Post-IPO Equity $45M Detail
Sep 27, 2016 Post-IPO Equity $23M 2 Detail

Investments

Number of Investments
Number of Lead Investments
4
1
Updater has made 4 investments. Their most recent investment was on Jul 28, 2022, when Milestones Labs raised $10.32M.
Date Company Name
Round Money Raised Industry Lead Investor
Jul 28, 2022 Milestones Labs
Series A $10.32M Commercial Real Estate Yes
Nov 9, 2021 Get Covered
Series A $7M Commercial
Oct 12, 2021 WattBuy
Series A $11.20M CleanTech
Nov 18, 2020 WattBuy
Series A $3.25M CleanTech

Investors

Number of Lead Investors
Number of Investors
4
8
Updater is funded by 8 investors. Vista Credit Partners and SoftBank Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Vista Credit Partners Yes Debt Financing
SoftBank Capital Yes Series A
Second Century Ventures Convertable Note
Fidelity International Post-IPO Equity
Thorney Investment Post-IPO Equity
Commerce Ventures Series A
IA Ventures Series A
REACH Seed

Employee Profiles

Number of Employee Profiles
21
Updater has 21 current employee profiles, including Executive Lindsey Dole
Executive
Employee
Executive
Employee
Executive

Acquisition

Updater has acquired 3 organizations. Their most recent acquisition was MoveHQ on Sep 6, 2017. They acquired MoveHQ for 0.

Date Company Name
Industry Acquisition Type Price
Sep 6, 2017 MoveHQ
Software acquisition Detail
Consumer acquisition Detail
Jul 13, 2021 Dolly
Information Technology acquisition Detail