Upromise Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 111


  • Latest Deal Type
  • M&A

Upromise General Information


Operator of a loyalty reward platform designed to provide credit for college students and family members to make it easier to pay for college. The company provides a loyalty program, where members accrue credits on eligible purchases that are directed to college savings plans or to pay down student loans, enabling parents or guardians to save for future education.

Contact Information

Ownership Status
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Application Software
Other Industries
Other Financial Services
Parent Company
Corporate Office
  • 85 Wells Avenue
  • Suite 110
  • Newton, MA 02459
  • United States

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Upromise Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 01-Jun-2020 Completed Generating Revenue
5. Merger/Acquisition 23-Aug-2006 00000 00000 00000 Completed Generating Revenue
4. Later Stage VC (Series D) 23-Mar-2004 0000 00000 000.00 Completed Generating Revenue
3. Later Stage VC (Series C) 09-Oct-2002 0000 00000 000.00 Completed Generating Revenue
2. Early Stage VC (Series B) 06-Nov-2000 $55M $89M 00000 Completed Generating Revenue
1. Early Stage VC (Series A) 01-Feb-2000 $34M $34M 00000 Completed Generating Revenue
To view Upromise’s complete valuation and funding history, request access »

Upromise Cap Table

Stock # of Shares
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D 00,000,000 00.000000 00.00 00.00 00 00.00 00.00
Series C 00,000,000 00.000000 00.00 00.00 00 00.00 00.00
Series B 6,187,010 $0.010000 $8.93 $8.93 1x $8.93
Series A 6,238,534 $0.010000 $5.45 $5.45 1x $5.45
To view Upromise’s complete cap table history, request access »

Upromise Patents

Upromise Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-5471669-A Coupon savings account system Inactive 17-Mar-1994 0000000000 0

Upromise Executive Team (15)

Name Title Board Seat
Joe Greco Controller
Seamus Fogarty Controller
David Fialkow JD Co-Founder
Michael Bronner Co-Founder
You’re viewing 4 of 15 executive team members. Get the full list »

Upromise Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Upromise Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
CRV Venture Capital Minority 000 0000 000000 0
General Atlantic Growth/Expansion Minority 000 0000 000000 0
General Catalyst Venture Capital Minority 000 0000 000000 0
Greylock Venture Capital Minority 000 0000 000000 0
Hellman & Friedman PE/Buyout Minority 000 0000 000000 0
You’re viewing 5 of 8 investors. Get the full list »

Upromise FAQs

  • When was Upromise founded?

    Upromise was founded in 2000.

  • Who is the founder of Upromise?

    Chris Boyce, David Fialkow JD, Michael Bronner, Michael Schreck, David Coppins, Jeffrey Bussgang, Jeffrey Bussgang, and Sean Ford are the founders of Upromise.

  • Where is Upromise headquartered?

    Upromise is headquartered in Newton, MA.

  • What is the size of Upromise?

    Upromise has 111 total employees.

  • What industry is Upromise in?

    Upromise’s primary industry is Application Software.

  • Is Upromise a private or public company?

    Upromise is a Private company.

  • What is Upromise’s current revenue?

    The current revenue for Upromise is 00000.

  • How much funding has Upromise raised over time?

    Upromise has raised $118M.

  • Who are Upromise’s investors?

    CRV, General Atlantic, General Catalyst, Greylock, and Hellman & Friedman are 5 of 8 investors who have invested in Upromise.

  • When was Upromise acquired?

    Upromise was acquired on 01-Jun-2020.

  • Who acquired Upromise?

    Upromise was acquired by Prodege.

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