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Updater

Updater

Private
New York City, New YorkReal Estate & PropTechhttps://www.updater.com

Last Round

Debt

May 17, 2022

Total Funding Raised

$284.55M

Company Overview

Updater (Services (B2C Non-Financial)) is a relocation technology company that simplifies the moving process for households by providing a digital platform that organizes logistics and connects users with real estate professionals and moving services for a seamless experience.

Sector

Real Estate & PropTech

Verticals

Real Estate Marketplaces, PropTech Services, Property Management, Tenant Experience

Business Model

B2B2C

Customer Profile

Marketplace Commission, Freemium, Government Contracts

AI Layer

Non-AI

Keywords

relocation management platformB2B2C relocation platformhome services marketplace for moversinvite-only moving apputility transfer and setup servicesoftware for multifamily property managersUpdater Pro | Onboardingmail forwarding automationmoving company booking platformrelocation concierge serviceinternet and TV service comparisonrelocation services API

Historical Pricing

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Caplight Momentum Score

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Updater Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Updater Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
DebtMay 17, 2022
Convertible DebtNov 23, 2021
Private PlacementSep 6, 2017
Private PlacementOct 6, 2016
Series AApr 8, 2014

Key People

Founding team and executive leadership

David Greenberg

Founder CEO

Founding Team

Bob Cahill

President & CFO

Executive Team

Updater Investors

Notable investors and investment history

InvestorRounds
Second Century VenturesPrivate Placement, Series A, Convertible Debt
Thorney InvestmentsPrivate Placement
Commerce VenturesPrivate Placement, Series A
SoftBank CapitalSeries A
Vista Credit PartnersDebt
IA VenturesSeries A
National Association of REALTORSSeries A

Updater Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Updater Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Updater's valuation, stock price, and market status.

Firmographic Details

HeadquartersNew York City, New York
Employee Range207
Year Founded2011
Last FundingMay 17, 2022

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.