Upgrade raises $165M Series funding, valued at $7.3B
Upgrade raised $165M Series funding round led by Neuberger Berman, LuminArx Capital Management on October 16, 2025.
- Primary
- Upgrade
- Counterparty
- Neuberger Berman, LuminArx Capital Management
- Amount
- $165M
- Structure
- Series funding round
- Date
- October 16, 2025
- Sub-sector
- Lending Tech (Consumer)
First funding since 2021 establishes new valuation and enables employee liquidity ahead of planned IPO within 12-18 months.
Source: cnbc.com