Upsie - About the company
Upsie is an acquired company based in Minneapolis (United States), founded in 2013 by Clarence Bethea. It operates as an App-based insurance platform for devices. Upsie has raised $26.7M in funding from True Ventures and Techstars. The company has 15 active competitors, including 2 funded and 4 that have exited. Its top competitors include companies like SquareTrade, AKKO and Everything Breaks.
Company Details
Upsie is an App-based insurance platform for devices. All warranty pricing and coverage options are right there in the app. One can purchase coverage, start a claim or even scan a barcode while shopping to see what warranties are available for that item.
- Website
- upsie.com
- Email ID
- *****@upsie.com
Key Metrics
Founded Year
2013
Location
Minneapolis, United States
Stage
Acquired
Total Funding
$26.7M in 6 rounds
Latest Funding Round
Investors
Ranked
3rd among 15 active competitors
Similar Companies
Exit Details
Acquired by AKKO (Apr 18, 2024)
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Upsie's acquisition details
Upsie got acquired by AKKO on Apr 18, 2024.
Click here to take a look at Upsie's acquisition in detail
Upsie's funding and investors
Upsie has raised a total funding of $26.7M over 6 rounds. Its first funding round was on Oct 2014. Its latest funding round was a Series A round on May 13, 2021 for $18.2M. 14 investors participated in its latest round, lead by True Ventures.
Upsie has 24 institutional investors including True Ventures, Techstars and OnRamp Insurance Conference. Jim D’Aquila and 2 others are Angel Investors in Upsie.
Here is the list of recent funding rounds of Upsie:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
---|---|---|---|---|---|
May 13, 2021 | $18.2M | Series A | 2953499 | 1074861 | |
Apr 2019 | $5M | Seed | 7830655 | 2866626 | |
Jan 30, 2018 | $2.15M | Seed | 8246650 | 8351432 |
View details of Upsie's funding rounds and investors
Upsie's founders and board of directors
Founder? Claim ProfileThe founders of Upsie is Clarence Bethea.
Here are the details of Upsie's key team members:
- Clarence Bethea: Founder & CEO of Upsie. Contact Info: 1 email address
View details of Upsie's Founder profiles and Board Members
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Upsie's Competitors and alternates
Top competitors of Upsie include SquareTrade, AKKO and Everything Breaks. Here is the list of Top 10 competitors of Upsie, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
---|---|---|---|---|---|
1st | SquareTrade 1999, San Francisco (United States), Acquired | Product insurance provider for consumer electronics | $247M | 66/100 | |
2nd | AKKO 2018, San Francisco (United States), Seed | Online platform for consumer electronics and business device insurance | $3M | 46/100 | |
3rd | Upsie 2013, Minneapolis (United States), Acquired | App-based insurance platform for devices | $26.7M | 40/100 | |
4th | Everything Breaks 2016, Dallas (United States), Unfunded | Warranty & protection plans for consumer electronics | - | - | 34/100 |
5th | MyGearVault 2016, New York City (United States), Unfunded | Insurance app for photography equipment | - | - | 34/100 |
6th | GoCare 2010, Chandler (United States), Unfunded | Electronic device insurance company | - | - | 28/100 |
7th | ProtectCELL 2006, Novi (United States), Acquired | Mobile phone insurance providers | - | - | 27/100 |
8th | eSecuritel 2001, Alpharetta (United States), Acquired | Insurance for wireless devices | - | 27/100 | |
9th | ProtectAll 1988, North Richland Hills (United States), Funding Raised | Online platform for consumer good protection plans | - | 22/100 | |
10th | InsurePro 2016, United States, Funding Raised | Online platform for on-demand business insurance | - | - | 20/100 |
Looking for more details on Upsie's competitors? Click here to see the top ones
Upsie's Investments and acquisitions
Upsie has made no investments or acquisitions yet.
Reports related to Upsie
Here is the latest report on Upsie's sector:
News related to Upsie
•
Extended warranty startup Upsie is acquired by AkkoThe Business Journals•Apr 19, 2024•Upsie, Akkogear
•
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Samsung Next Joins Series A Funding For Warranty App Operator UpsiePulse•May 25, 2021•Samsung NEXT, Upsie
•
Corporates update Upsie with new fundingGlobal Corporate Venturing•May 17, 2021•Upsie, American Automobile Association, Avanta Ventures, Samsung NEXT and 1 other
•
Upsie’s direct-to-consumer swing at the warranty space nets $18.2MTechCrunch+•May 13, 2021•Upsie, True Ventures, Concrete Rose
•
•
Upsie nabs $5M to build a direct-to-consumer warranty serviceTechCrunch+•May 28, 2019•Upsie, True Ventures, Techstars, Matchstick Ventures and 3 others
•
Tech startup Upsie lands $1.7M to ramp up hiringThe Business Journals•Jan 30, 2018•Upsie, Techstars, Matchstick Ventures, Gopher Angels and 6 others
•
Say goodbye to warranty woes | Minnesota Business MagazineMinnesota Business Magazine•Sep 21, 2015•Upsie
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