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UPGRADE
Upgrade
Fintech · San Francisco, California · United States · Founded · 2016 · ≈ · 1,950 · employees

Upgrade Valuation: $7.3B After the Oct 2025 Series G

Private

Upgrade was last valued at $7.3B (pre-money). It comes from the $165M Series G of Oct 2025. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Upgrade valuation · at a glance
Last valuation
$7.3B
PRE-MONEY
Lead investors
3
across 2 rounds
Raised across rounds
$445M
2 rounds
Date of last round
Oct 2025
closed 1 Oct 2025
Valuation history

How the Upgrade valuation has moved

1 valuation. The latest, $7.3B pre-money, was set by the Series G in Oct 2025.

Latest valuation
$7.3Bpre-money
Set by the Series G · 1 Oct 2025
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series G · $165M raised
Undated: Series F at $6B (pre-money).
Funding rounds

Upgrade rounds and the valuation each one set

2 rounds
Round
Date
Amount
Valuation
Basis
Series G LATEST
1 Oct 2025
$165M
$7.3B
PRE-MONEY
Series F
—
$280M
$6B
PRE-MONEY
Lead investors
Leads: Coatue Management, DST Global, Neuberger Berman.
Full funding history — Upgrade profile ›
What the valuation means

What the $7.3B actually measures

A private valuation is the price agreed in one transaction. The Upgrade valuation of $7.3B is a pre-money figure from the Series G dated 1 Oct 2025 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2016 with roughly 1,950 people has no daily price and no order book between rounds.

Where the $7.3B comes from
EventSeries G, dated 1 Oct 2025
Basispre-money
Round size$165M
LeadNeuberger Berman

Frequently asked questions

How can I get exposure to Upgrade?›

The routes section explains what is realistically available for a company at this stage.

Is Upgrade publicly traded?›

No. Upgrade is a private company; its shares do not trade on a public exchange.

What is Upgrade's valuation?›

The last valuation is $7.3B.

Who are Upgrade's competitors?›

The closest fintech peers are on the competitors page.

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