Updater logo
Founded 2010

Updater

2021 Revenue

$5.0M

YOY

Funding

$252.5M

How Updater hit $5.0M in Revenue.

About Updater

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.

Monthly Revenue

$420.0K

Total Expenses

$420.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

Germany
$Funding$Revenue

Updater Revenue

In 2021, Updater revenue run rate hit $5.0M in revenue.

$5.0M

Updater Valuation and Funding History

Updater has raised a total of $252.5M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
11/23/2021Convertible Note$60.0M
12/19/2019Venture Round$95.0M
09/07/2017Post-IPO Equity$45.0M
09/27/2016Post-IPO Equity$23.0M
12/07/2015Venture Round$20.0M
04/01/2014$8.0M
06/01/2012Seed Round$700.0K
08/23/2011Seed Round$800.0K

Customers

Updater has 0 customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Updater has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Updater has 60 employees. They have 10 sales reps that carry a quota They have an engineering team of 20. and a marketing team of 4.

2021
DistributionQty

Total Team Size

60

Engineers

20 (33%)

Sales

10 (17%)

Marketing

4 (7%)

CEO/Founder

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.


CEO Q&A

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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Frequently Asked Questions about Updater

When was Updater founded?

Updater was founded in 2010.


Who is the CEO of Updater?

The CEO of Updater is David Greenberg Jd


How many employees does Updater have?

Updater has 60 employees.

How much revenue does Updater generate?

Updater generates $5.0M in revenue.


How much funding does Updater have?

Updater has raised $252.5M.


Where is Updater headquarters?

Updater is headquartered at Germany

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