Updater Technologies (“Updater”), a New York-based leading technology platform powering the relocation industry, announced that it has closed approximately $60 million of funding.
Investors in this new convertible note round include multiple long-time backers of Updater, including Second Century Ventures, the strategic investment arm of the National Association of REALTORS®.
The investment comes at a time of rapid growth for Updater. With this new capital, the company will accelerate its hiring plan and introduce cutting-edge moving and home-related solutions to millions of households across the United States.
The financing will also help achieve several significant product milestones in support of Updater’s mission to be the go-to destination for all Americans to conquer their move.
Company: Updater Technologies
Funding Month: November 2021
Lead Investors: Second Century Ventures
Company Website: https://updater.com/
Software Category: Technology platform powering the relocation industry
About the Company: Led by David Greenberg, Founder, and CEO, Updater provides a platform for households to relocate. With Updater, users forward mail, connect TV and internet, compare and book moving companies, transfer utilities, update accounts and records, and more. In the last 12 months, the company has hired over 100 employees with a focus on product, design, and engineering, bringing the total full-time employee count to over 250.
Source: https://www.businesswire.com/news/home/20211123005530/en/Updater-Raises-60M-in-Funding-to-Accelerate-Growth-in-Relocation-Market The financing will also help achieve several significant product milestones in support of Updater’s mission to be the go-to destination for all Americans to conquer their move.