UpKeep Announces $10M Series A Funding
This funding has been featured on Forbes!
We’re excited to announce our $10M Series A funding round!
Our Series A fundraising is led by Emergence Capital with support from existing investors including Battery Ventures, Y Combinator, and Mucker Capital bringing our total funding to over $12.7 million!
Our core mission since day one has been about making technicians and maintenance teams twice as productive using software and technology. Today marks an incredible milestone in our journey towards doing exactly that. With over 70,000 users, we have come such a long way: from just an idea in a garage to challenging the norms of the maintenance software space. Since our last fundraise, we’ve dramatically improved shareability amongst maintenance teams, launched an enterprise product, and made UpKeep 100% free for technicians and small maintenance teams.
What this announcement means for you and our community:
A better product
Today, we are the best mobile work order and asset management platform, but soon we’ll become the defacto standard for group collaboration for maintenance teams. This includes features allowing maintenance technicians to communicate in real-time, wherever they are in the field.
We recently saw the 1,000,000th work order created on UpKeep. This is absolutely incredible! It is a testament to how easy we’ve made maintenance software in such a short period of time. Our next big transition will be using that same data to create reports to allow teams to visualize their performance and make actions towards improvements.
Our goal is to take maintenance teams to the next level by helping you and your team predict when a piece of equipment goes down before it actually does.
A bigger team
We’ve grown our team by 4 times the size of our team just 1 year ago since our $2.7M seed funding. We’ve also outgrown our current office space and will be moving to a new office in Los Angeles, California to continue our team’s growth. We’re hiring for engineering, customer success managers, and product designers to help us build beautiful software for maintenance teams. We’re bringing the best minds in facility and asset management onto our team so that we can continue solving the problems of maintenance workers and supporting our customers.
We would not be here today without the support of our customers, team members, and investors. We’re at the start of something truly remarkable and we couldn’t have done it you.