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Updater

New York, New York, United States

Valuation

$78.1M

2022 Revenue

$26M

Funding

$466.7M

Team · 2025

192

Founded

2011

Updater Revenue, Valuation & Funding (2022)

Updater is a provider of a software platform enabling relocation and address-change services. Its platform enables users to update their accounts with a new address, as well as scheduling cable, power and other utilities to the new address. It seeks to expand its portfolio and existing clients through strategic acquisitions.

Last updated

Updater Revenue

In 2022, Updater's revenue reached $26M. The company previously reported $5M in 2021. Since its launch in 2011, Updater has shown consistent revenue growth.

Updater Revenue GrowthReported revenue / ARR over time$0$6M$12M$18M$24M$30M2011201320152017201920212022$0$5M$26MSource: GetLatka.com
YearMilestoneSource
2022Updater Hit $26m revenue in May 2022
2021Updater Hit $5m revenue in April 2021
2011Launched with $0 revenue

Updater Valuation, Funding Rounds

Updater's most recent disclosed valuation is $78.1M.

Updater has raised $466.7M in total funding across 8 rounds, most recently a $215M Debt Financing round in 2022.

Updater Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$100M$0.4$200M$0.6$300M$0.8$400M$1$500M2011201320152017201920212022Source: GetLatka.com
YearRoundAmountValuation% SoldSource
2022Debt Financing$215M--
2021Convertible Note$60M--
2019Venture Round$95M--
2017Post-IPO Equity$45M--
2016Post-IPO Equity$23M--
2015Venture Round$20M--
2014Funding round$8M--
2012Seed Round$700K--

Founder / CEO

David Greenberg Jd

CEO

David M. Greenberg is the Founder and CEO of Updater. Updater's app helps relocating consumers organize and complete all moving-related tasks, such as updating accounts and records, connecting Internet and utilities, booking a moving company, and much more. Over 1,000 real estate companies have partnered with Updater to deliver their clientsa simplified moving experience. Technology owned by Updater touches nearly 50% of all household moves in the US annually. Updater’s Home Services Division provides innovative technology that simplifies the purchase of home subscription products across telecommunications, cable, satellite, home security, home improvement and home energy. MoveHQ, a subsidiary of Updater, provides widely-used technology that helps moving companies run their businesses, from driver applications to warehouse management solutions, and more. Updater has raised over $120 Million in growth capital and is backed by Fidelity International, Softbank Capital, IA Ventures, Second Century Ventures (the strategic investment division of the National Association of REALTORS), Commerce Ventures, and over 10 other institutional funds. Updater has over 200 full time employees and over 400 contractors working to reinvent the moving experience. In Crain's list of Best Places to Work in NYC, Updater has ranked in the top 10 multiple times in recent years (and the top ranked tech company in NYC in 2016). Previously, David practiced corporate law at Cravath, Swaine & Moore LLP.

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Customers

We do not have customer count information for Updater yet.

Updater Employees & Team Size

Updater employs approximately 192 people as of 2026, down from 217 in 2022, including 14 sales reps that carry a quota.

Updater Team GrowthReported headcount over time05010015020025020112013201520172019202120232025006060217217192192Source: GetLatka.com
YearMilestoneSource
2025Reached 192 employees (July 2025)
2022Reached 217 employees (May 2022)
2021Reached 60 employees (April 2021)

Frequently Asked Questions about Updater

What is Updater's revenue?

Updater generates $26M in revenue.

Who founded Updater?

Updater was founded by David Greenberg Jd.

Who is the CEO of Updater?

The CEO of Updater is David Greenberg Jd.

How much funding does Updater have?

Updater raised $466.7M across 8 rounds.

How many employees does Updater have?

Updater has 192 employees.

Where is Updater headquarters?

Updater is headquartered in New York, New York, United States.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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