What is Upland?
Founded in 2010 and headquartered in Austin, Texas, Upland Software develops enterprise work management cloud software designed to empower clients to perform at their best. Their comprehensive suite of solutions facilitates team collaboration, streamlines project and cost management, automates complex workflows, and enhances engagement with prospects and customers. Upland's offerings are crucial for organizations seeking to optimize their operational efficiency and productivity through integrated digital tools.
How much funding has Upland raised?
Upland has raised a total of $1.1B across 7 funding rounds:
Private Equity
$15M
Stock Offering
$42.7M
Debt
$200M
Multiple Rounds
$751.1M
Private Equity
$115M
Private Equity (2014): $15M with participation from Activant Capital Group
Stock Issuance/Offering (2017): $42.7M led by Undisclosed
Debt (2017): $200M supported by Citizens Bank, CIT Bank, N.A, Wells Fargo Capital Finance, Regions, and Goldman Sachs Bank
Stock Issuance/Offering (2019): $151.1M featuring Undisclosed
Debt (2019): $410M backed by Capital One, HSBC Securities, National Association, Credit Suisse Loan Funding, Regions, and Wells Fargo Securities
Debt (2019): $190M with participation from Undisclosed
Private Equity (2022): $115M, investors not publicly disclosed
Key Investors in Upland
Activant Capital Group
Activant Capital Group is a research-led growth firm that invests in relentless founders, focusing on innovative solutions across various industries. They aim to empower businesses by digitizing operations and providing advanced technology solutions.
Capital One
Capital One is a diversified financial services company that offers a broad array of financial products and services to consumers, small businesses, and commercial clients.
Wells Fargo Securities
Wells Fargo Securities is the investment banking and capital markets division of Wells Fargo, providing a full range of financial services and advice to corporations, governments, and institutional investors.
What's next for Upland?
The recent major strategic investment signals Upland's intent to further scale its operations and potentially expand its product portfolio or market reach. Given the enterprise-level funding context, Upland is likely focused on consolidating its position in the enterprise work management sector, possibly through strategic acquisitions or enhanced product development. This capital infusion will be instrumental in navigating the evolving demands of enterprise clients and maintaining a competitive edge in the cloud software market.
See full Upland company page
