Upper90, a leading provider of hybrid growth capital, has raised $180 million in a capped initial closing for its third fund. Commitments came from a strategic investor base of 300 entrepreneurs to help founders scale with less dilution. The firm has pioneered a new investment model combining tailored credit and equity for alignment with technology businesses that have predictable revenue or collateral. Since raising Fund I in 2018, Upper90 manages and has syndicated over $2.2 billion across 43 portfolio companies generating attractive risk-adjusted returns through asset-backed credit structures.

Upper90 was an initial institutional capital partner to some of today’s fastest-growing e-commerce and fintech startups including Octane, Crusoe Energy, Mundi, Thrasio, Filmrise, Heroes, Clutch, Karat, Beacon and Settle. The firm was built around an investor base of proven operators who provide access to proprietary opportunities and strategic advice to portfolio companies, creating a competitive advantage. With Fund III, Upper90 will continue to lead with founder-friendly credit, helping businesses solve their most pressing capital needs while maximizing ownership and control.

Upper90 Closes $180 Million Fund For Asset-Based Startup Lending.Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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