Upstart
Valuation
$700.2M
2024 Revenue
$637M
Customers
4M
Funding
$144.1M
Avg ACV
$159
Team
1.2K
Churn
7%
Founded
2012
How Upstart CEO Dave Girouard grew Upstart to $637M revenue and 4M customers in 2024.
Operator of an online lending marketplace intended to provide personal loans. The company's online lending marketplace offers 3-year and 5-year fixed loans based on signals of customer's potential, including schools, attendance, the area of study, academic performance and work history, enabling customers to pay for a coding boot camp, eliminate student debt or pay off credit cards.
Last updated
Upstart Revenue
In 2024, Upstart's revenue reached $637M. The company previously reported $233.4M in 2020. Since its launch in 2012, Upstart has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Upstart Hit $637m revenue in December 2024Source |
| 2020 | Upstart Hit $233.4m revenue in December 2020 |
| 2019 | Upstart Hit $164.2m revenue in December 2019 |
| 2012 | Launched with $0 revenue |
Upstart Valuation, Funding Rounds
Upstart's most recent disclosed valuation is $700.2M.
Upstart has raised $144.1M in total funding across 6 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2019 | Funding round | $50M | - | - |
| 2017 | Funding round | $32.5M | - | - |
| 2015 | Funding round | $35M | - | - |
| 2014 | Funding round | $18.9M | - | - |
| 2013 | Funding round | $5.9M | - | - |
| 2012 | Funding round | $1.8M | - | - |
Upstart Employees & Team Size
Upstart employs approximately 1.2K people as of 2026, up from 656 in 2021.
Upstart has 1.2K total employees in different roles and functions and 4 sales reps that carry a quota. They have 4M customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 1.2K employees (December 2024) |
| 2021 | Reached 656 employees (April 2021) |
Founder / CEO
Dave Girouard
Named to Goldman Sach's Top 100 Intriguing Entrepreneurs for 2020, Dave is founder and CEO of Upstart. A leading AI lending platform, Upstart is #12 on the Forbes top 50 most promising artificial intelligence companies of 2019. AI lending goes beyond the FICO score to finance people based on signals of their potential including employment and academic history. Previously, Dave was President of Google Enterprise. Over 8 years, he built Google's billion dollar cloud apps business worldwide, including product development, sales, marketing, and customer support.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Upstart acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Upstart
What is Upstart's revenue?
Upstart generates $637M in revenue.
Who founded Upstart?
Upstart was founded by Dave Girouard.
Who is the CEO of Upstart?
The CEO of Upstart is Dave Girouard.
How much funding does Upstart have?
Upstart raised $144.1M.
How many employees does Upstart have?
Upstart has 1.2K employees.
Where is Upstart headquarters?
Upstart is headquartered in San Mateo, California, United States.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .