Upstart (AI) — Funding, Investors & Signals 2026

Upstart

Our mission is to enable effortless credit based on true risk.

Founded 2012

San Mateo, United States 1531 employees Series D Total: $144.05M AI, Finance +5

Upstart is a leading AI lending marketplace, connecting millions of consumers to 100 banks and credit unions to deliver superior credit products. Utilizing AI models and cloud applications, Upstart enables lenders to approve more borrowers at lower rates across diverse demographics, delivering an exceptional digital-first experience. Founded in 2012, their platform includes personal loans, automotive retail and refinance loans, and small-dollar relief loans. With 80% of borrowers approved instantly and zero documentation required, Upstart provides a seamless process. Their mission is to enable access to effortless credit based on true risk. As a digital-first company, most Upstarters can work from anywhere in the U.S. while having offices in San Mateo, CA, Columbus, OH, and Austin, TX. This fosters a culture where individuals are energized by the impact they make at Upstart. Their last investment of $50.00M Series D occurred on April 8, 2019, with investors including HOOPP, First National Bank Of Omaha, and The Progressive Corporation. With a focus on Financial Services and Fintech, Upstart continues to lead in the AI lending space.

Funding Stage	Amount	Investors	Lead Investors	Date
Series D	$50.00M	3	HOOPP, The Progressive Corporation +1	08 Apr 2019
Series D	$32.50M	5	First Round Capital, Khosla Ventures +3	02 Mar 2017
Series C	$35.00M	6	First Round Capital, Khosla Ventures +4	16 Jul 2015
Series B	$18.90M	3	Koa Labs, Khosla Ventures +1	01 Oct 2014
Series A	$5.90M	9	Koa Labs, Founders Fund +7	22 Apr 2013
Venture Round	Undisclosed	1	Koa Labs	27 Aug 2012
Seed Round	$1.75M	6	New Enterprise Associates, Kleiner Perkins +4	08 Aug 2012

Funding Stage

Amount

Investors

Lead Investors

Date

Series D

$50.00M

HOOPP, The Progressive Corporation +1

08 Apr 2019

Series D

$32.50M

First Round Capital, Khosla Ventures +3

02 Mar 2017

Series C

$35.00M

First Round Capital, Khosla Ventures +4

16 Jul 2015

Series B

$18.90M

Koa Labs, Khosla Ventures +1

01 Oct 2014

Series A

$5.90M

Koa Labs, Founders Fund +7

22 Apr 2013

Venture Round

Undisclosed

Koa Labs

27 Aug 2012

Seed Round

$1.75M

New Enterprise Associates, Kleiner Perkins +4

08 Aug 2012

FAQ About Upstart

Our mission is to enable effortless credit based on true risk.

Upstart was founded in 2012.

Upstart is headquartered in San Mateo, United States.

Upstart operates in AI, Finance, Financial Services, Fintech, Lending and Investments, Automotive and Machine Learning. Its work centres on AI lending marketplace, Credit products, Digital first experience and Credit approval.

Upstart has approximately 1531 employees.

Upstart has completed 7 funding rounds, raising a total of $144.05M. The latest funding stage is Series D.

Top alternatives and competitors to Upstart include IndiaLends, FlexiLoans, mPokket, Upwards Fintech (A Lendingkart brand), RapiCredit. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Upstart and IndiaLends are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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