Updater
New York, New York, United States
How Updater hit $26M revenue with a 217 person team in 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.
2011
Founded
$26M
2022 Revenue
416.67%
YOY
$467.5M
Funding
Updater Revenue
In 2022, Updater revenue run rate hit $26M in revenue.
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2022
Updater hit $26M in revenue in 2022
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2021
Updater hit $5M in revenue in 2021
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2011
Updater launched in 2011 with $0 revenue
Updater Funding History
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2022 Debt Financing
Updater raised a Debt Financing of in May, 2022
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2021 Convertible Note
Updater raised a Convertible Note of in November, 2021
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2019 Venture Round
Updater raised a Venture Round of in December, 2019
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2017 Post-IPO Equity
Updater raised a Post-IPO Equity of in September, 2017
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2016 Post-IPO Equity
Updater raised a Post-IPO Equity of in September, 2016
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2015 Venture Round
Updater raised a Venture Round of in December, 2015
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2014
Updater raised a of in April, 2014
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2013 Seed Round
Updater raised a Seed Round of in January, 2013
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2012 Seed Round
Updater raised a Seed Round of in June, 2012
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2011 Seed Round
Updater raised a Seed Round of in August, 2011
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| May, 17 2022 | Debt Financing | ||
| November, 23 2021 | Convertible Note | ||
| December, 19 2019 | Venture Round | ||
| September, 07 2017 | Post-IPO Equity | ||
| September, 27 2016 | Post-IPO Equity | ||
| December, 07 2015 | Venture Round | ||
| April, 01 2014 | |||
| January, 30 2013 | Seed Round | ||
| June, 01 2012 | Seed Round | ||
| August, 23 2011 | Seed Round |
Team
Updater has 217 total employees and 14 sales reps that carry a quota. an engineering team of 56 and a marketing team of 9.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 217 |
| Engineer | 56 (26%) |
| Sales | 14 (6%) |
| Marketing | 9 (4%) |
Founder / CEO
David Greenberg Jd
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.
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Updater Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| David Greenberg Jd | CEO | [email protected] | - |
Updater Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| David Greenberg Jd | CEO | [email protected] | - |
Frequently Asked Questions about Updater
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When was Updater founded?
Updater was founded in 2011.
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How much revenue does Updater generate?
Updater generates $26M in revenue.
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Who is the CEO of Updater
The CEO of Updater is David Greenberg Jd.
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How much funding does Updater have?
Updater raised $467.5M.
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How many employees does Updater have?
Updater has 217 employees.
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Where is Updater headquarters?
Updater is headquartered at New York, New York, United States
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