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New Deal


Announced

Completed

General Catalyst led a $165m series D funding round in Upside.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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online marketplace

Private Equity

Completed

United States

Friendly

retail technology

Minority

Online and Social Platforms

Acquisition

Venture Capital

Private

Domestic

Synopsis

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General Catalyst, an American venture capital firm, led a $165m series D funding round in Upside, a retail technology company, with participation from Bessemer Ventures and Builders VC. “With inflation at a 40-year high, we are at an inflection point right now for brick and mortar businesses, consumers, and our communities. As businesses look for new ways to profitably grow, consumers are looking for ways to gain more purchasing power on the things they need,” Alex Kinnier Upside Co-Founder and CEO.

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