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Upromise

Upromise
2000 FOUNDED
M&A STATUS
101-200 EMPLOYEES
M&A LATEST DEAL TYPE
$300M LATEST DEAL AMOUNT
Description

Operator of a platform designed to helps families save 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.

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Other Services (B2C Non-Financial)
Parent Company
Primary Office
  • 85 Wells Avenue
  • Suite 110
  • Newton, MA 02459
  • United States
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Upromise Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 23-Aug-2006 $300M 00000 00000 Completed Profitable
4. Later Stage VC (Series D) 23-Mar-2004 0000 00000 000.00 Completed Profitable
3. Later Stage VC (Series C) 09-Oct-2002 0000 00000 000.00 Completed Profitable
2. Early Stage VC (Series B) 06-Nov-2000 $55M $89M 00000 Completed Profitable
1. Early Stage VC (Series A) 01-Feb-2000 $34M $34M 00000 Completed Profitable
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Upromise Cap Table

Stock # of Shares
Authorized
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
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Upromise Former Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
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 Partners Venture Capital Minority 000 0000 000000 0
Hellman & Friedman PE/Buyout Minority 000 0000 000000 0
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Upromise Executive Team (8)

Name Title Board
Seat
Contact
Info
David O'Connell President
Michael Bronner Co-Founder & Chairman
Rich O'Neal Senior Vice President, Operations & Corporate Secretary Officer
David Fialkow JD Co-Founder
Kathy Borowy Vice President, Finance

3 Former Executives

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Upromise Board Members (2)

Name Representing Role Since Contact
Info
Michael Bronner Upromise Co-Founder & Chairman 000 0000

1 Former Board Member

You’re viewing 1 of 2 board members. Get the full list »