Upstart
San Mateo, California, United States
2024 Revenue
$637M
Customers
4M
Funding
$144.1M
Avg ACV
$159
Team
1.2K
Founded
2012
Upstart Revenue & Funding (2024)
Upstart generated $637M in revenue in 2024. Source: ir.upstart.com
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 | Source |
|---|---|---|
| 2024 | Upstart Hit $637m revenue in December 2024 | ir.upstart.com |
| 2020 | Upstart Hit $233.4m revenue in December 2020 | Not recorded |
| 2019 | Upstart Hit $164.2m revenue in December 2019 | Not recorded |
| 2012 | Launched with $0 revenue |
Upstart Valuation, Funding Rounds
Upstart has not publicly disclosed its valuation. The company has raised $144.1M in total funding to date.
Upstart has raised $144.1M in total funding across 6 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $50M | - | - | Not recorded |
| 2017 | Funding round | $32.5M | - | - | Not recorded |
| 2015 | Funding round | $35M | - | - | Not recorded |
| 2014 | Funding round | $18.9M | - | - | Not recorded |
| 2013 | Funding round | $5.9M | - | - | Not recorded |
| 2012 | Funding round | $1.8M | - | - | Not recorded |
Founder / CEO
Dave Girouard
CEO
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.
Customers
Upstart serves 4M customers.
Upstart Employees & Team Size
Upstart employs approximately 1.2K people as of 2026, up from 656 in 2021, including 4 sales reps that carry a quota. It serves 4M customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1.2K employees (December 2024) | Not recorded |
| 2021 | Reached 656 employees (April 2021) | Not recorded |
Frequently Asked Questions about Upstart
Is Upstart a public company?
Yes. Upstart is publicly traded.
What is Upstart's revenue?
As of 2024, Upstart generated $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 across 6 rounds.
How many employees does Upstart have?
As of 2024, Upstart had 1.2K employees.
Where is Upstart headquartered?
Upstart is headquartered in San Mateo, California, 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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