Founded by ex-Googlers, Upstart is an online lending platform that goes beyond the FICO score to finance people based on signals of their potential, including schools attended, area of study, academic performance, and work history. Their proprietary underwriting model identifies high quality borrowers despite limited credit and employment experience. Upstart offers 3-year fixed interest loans. Funds can be used for almost anything, including starting a business, paying for a coding bootcamp, eliminating student debt or paying off credit cards.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 07/16/15 | $35,000,000 | Series C |
Collaborative Fund Eric Schmidt First Round Capital Marc Benioff Third Point Ventures | undisclosed |
| 03/06/17 | $32,500,000 |
First Round Capital Rakuten  Third Point Ventures | undisclosed |
