Total amount raised
$74.9 Million
Latest funding date
2019-01-01
Location
Uphold has successfully raised significant funding over multiple rounds, establishing itself as a versatile platform for trading digital assets, including cryptocurrencies and metals. The platform offers features such as earning interest, staking rewards, and simple one-step trading, all while maintaining high standards of security and transparency.
Keep reading to explore the intricacies of Uphold's fundraising journey and the investors backing this innovative platform.
What Is Uphold?
Uphold, founded in 2014, operates in the cryptocurrency and digital assets industry. The company is headquartered in Larkspur, California, with an additional office in Vancouver, Canada.
Uphold provides a platform for buying, selling, and trading cryptocurrencies and metals. It emphasizes transparency, security, and ease of use, offering features like earning interest on USD balances and staking rewards.
How Much Funding Has Uphold Raised?
- Series A
- Amount Raised: USD 5,000,000
- Date: February 2014
- Series B
- Amount Raised: USD 16,700,000
- Date: December 2014
- Lead Investors: Venovate
- Seed
- Amount Raised: USD 2,600,000
- Date: January 2017
- Series C
- Amount Raised: USD 50,600,000
- Date: January 2019
- Lead Investors: Hard Yaka
In total, Uphold has raised USD 74,900,000 across all funding rounds.
Key Investors
- Hard Yaka
- Details: Hard Yaka is a venture capital firm founded by Greg Kidd, focusing on early-stage investments. The firm is known for its strategic investments in the fintech and blockchain sectors.
- Investment Focus Areas: Fintech, blockchain, digital identity
- Notable Investments: Ripple, Coinbase, Twitter
- Venovate
- Details: Venovate is an investment platform that connects accredited investors with alternative investment opportunities. The company aims to simplify the investment process and provide access to high-quality investment options.
- Investment Focus Areas: Alternative investments, real estate, private equity
- Notable Investments: Not publicly disclosed
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