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Upscale

Europe, England, United Kingdom, London

Description

Upscale is a distinctive growth program operating within the United Kingdom's tech ecosystem, rather than a traditional venture capital fund that provides direct financial investments. Launched by Tech Nation, and now part of the Founders Forum Group, its primary mission is to accelerate the growth of the UK's most promising tech companies. Unlike typical investors, Upscale does not write checks or take equity stakes in participating businesses. Instead, it offers a comprehensive, six-month non-residential program designed to equip founders and their leadership teams with the knowledge and networks necessary for successful scaling. This means it provides strategic support and mentorship, not capital.

The program's core value proposition lies in its unique blend of peer-to-peer learning, expert-led masterclasses, and tailored coaching sessions. Companies selected for Upscale benefit from direct access to experienced entrepreneurs, industry leaders, and subject matter experts who provide strategic guidance on critical growth challenges, from international expansion to talent acquisition and product development. This structured support aims to help companies navigate the complexities of rapid expansion, unlocking key insights and fostering a collaborative environment among high-growth peers.

Since its inception, Upscale has played a significant role in nurturing the UK's tech talent. The program typically selects around 30 companies for each cohort, ensuring a focused and impactful experience. To date, Upscale has supported over 200 high-potential tech companies, many of which have gone on to achieve significant milestones, including collectively raising billions of dollars in follow-on funding from external investors. While Upscale itself does not provide capital, its strategic guidance and network facilitation are designed to enhance a company's attractiveness to future investors and accelerate their journey towards becoming global tech leaders. Consequently, its "check size" for direct investment is $0, as it operates purely as a growth and development platform.

Investor Profile

Upscale has backed more than 105 startups, with 0 new investments in the last 12 months alone. The firm has led 1 rounds, about 1% of its total and boasts 23 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Seed rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Estonia.
  • Strong thematic focus on Software, SaaS, Artificial Intelligence (AI).

Stage Focus

  • Series Unknown (90%)
  • Series A (3%)
  • Seed (2%)
  • Series B (2%)
  • Non Equity Assistance (1%)
  • Debt Financing (1%)
  • Pre Seed (1%)

Country Focus

  • United Kingdom (94%)
  • United States (5%)
  • Estonia (1%)

Industry Focus

  • Software
  • Saas
  • Artificial Intelligence (Ai)
  • E-commerce
  • Health Care
  • Information Technology
  • Financial Services
  • Fintech
  • Machine Learning
  • Enterprise Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Upscale frequently co-invest with?

Harlem Capital Partners
North America, New York, United States, New York
Co-Investments: 1
OVO Fund
North America, California, United States, Palo Alto
Co-Investments: 1
Blue Ivy Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 1
Inflection Point Ventures
North America, Massachusetts, United States, Wellesley
Co-Investments: 1
Wedbush Ventures
North America, California, United States, Santa Monica
Co-Investments: 1
Ayon Capital
North America, Florida, United States, Ocala
Co-Investments: 1
TenOneTen Ventures
North America, California, United States, Los Angeles
Co-Investments: 1
100Unicorns
Asia, Maharashtra, India, Mumbai
Co-Investments: 1
Chingona Ventures
North America, Illinois, United States, Chicago
Co-Investments: 1
SG
Europe, England, United Kingdom, London
Co-Investments: 1

Which angels does Upscale often collaborate with?

Dhruv Rathee
Asia, Delhi, India
Shared Deals: 1
Sharan Hegde
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
AS
Asia, Goa, India, Goa
Shared Deals: 1
SU
Oceania, New South Wales, Australia, Mumbil
Shared Deals: 1
DS
North America, New York, United States, New York
Shared Deals: 1
Saumil Parekh
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Mukul Malik
Asia, Delhi, India, Delhi
Shared Deals: 1
DG
Europe, England, United Kingdom, London
Shared Deals: 1
JC
Europe, England, United Kingdom, London
Shared Deals: 1
Ankur Warikoo
Asia, Delhi, India
Shared Deals: 1

What are some of recent deals done by Upscale?

Vested Finance

Berkeley, California, United States

Vested Finance is an online investment platform that develops an avenue for Indian investors to invest in the U.S. stock market.

Financial ServicesFinTechStock ExchangesTrading Platform
Series AApr 5, 2022
Amount Raised: $12,000,000
Healthera

Cambridge, Cambridgeshire, United Kingdom

Transforming the way a nation delivers its healthcare to its population, from prescriptions to personalised services.

Health CarePersonal HealthWellness
Series UnknownMar 1, 2021
Curu

Denver, Colorado, United States

Curu enables lenders to open more accounts by showing users the actions necessary to meet eligibility for their financial goals.

AppsCreditFinanceFinancial ServicesFinTechLending
SeedMay 22, 2020
Amount Raised: $3,000,000
Attest

London, England, United Kingdom

Attest is a consumer research platform that delivers consumer data that drive predictable and repeatable growth to businesses.

AnalyticsBig DataConsumer ResearchMarket ResearchMarketingProductivity ToolsSaaS
Series AApr 8, 2019
Amount Raised: $16,000,000
Doctify

London, England, United Kingdom

Doctify provides a solution for the millions of patients who want to search and compare healthcare and social care providers online.

Consumer ReviewsHealth CareInternetReputationSoftware
Series UnknownJan 25, 2019
Accountancy Cloud

London, England, United Kingdom

Accountancy Cloud provides the best full finance stack for startups.

AccountingBusiness IntelligenceFinanceFinancial ServicesFinTechSaaS
Series UnknownJan 25, 2019
Open Cosmos

Harwell, Oxfordshire, United Kingdom

Open Cosmos is a space technology company that designs, builds, and operates low-earth orbit satellites, providing data and images.

AerospaceGeospatialInternet of ThingsSatellite CommunicationSpace Travel
Series UnknownJan 25, 2019
Hubble

London, England, United Kingdom

UK's largest flexible workspace platform

B2BCommercial Real EstateCoworkingHuman ResourcesReal EstateSaaS
Debt FinancingJan 25, 2019
Amount Raised: $1,319,496
Previse

London, England, United Kingdom

Previse utilizes artificial intelligence to predict invoice payment decisions.

Artificial Intelligence (AI)BillingInformation TechnologyPaymentsSoftware
Series UnknownJan 25, 2019
OvuSense (Fertility Focus)

Warwick, Warwickshire, United Kingdom

The OvuSense™ fertility monitoring family is designed for every step in the female journey to pregnancy.

FertilityHealth Care
Series AJan 25, 2019
Amount Raised: $2,638,992