Upper90

The earlier we invest, the more value we can add Upper90 initially provides $5-25M credit facilities that can scale to $250M+ for Seed - Series B startups based on the asset performance — not just equity raised

Our goal is to be long-term partners with portfolio companies; we generally invest across the capital stack We only invest when we are both excited about the trajectory of the business and have high confidence in the credit quality

Fast-growing startups want certainty and flexibility of capital to solve key near-term growth needs We provide corporate, asset-based loans, preferred equity, and other creative solutions to help founders scale while preserving optionality

Our strategic group of limited partners, which includes 300+ business builders, empowers us to identify, diligence, and add further value to companies by connecting founders with real operators across industries to help with customer and talent acquisition

Certainty, flexibility, then cost are the most important factors when choosing your initial financing partner Upper90 is a credit firm that thinks like an equity owner Their bespoke facility helped us capture market share quickly and scale more efficiently Any fintech startup would benefit from having Upper90 in their capital structure

• Martin Pustilnick: Co-Founder & CEO, Mundi Upper90 provided a novel structure that solved our debt and equity needs, allowing us to execute on our growth plans The firm has quickly become a strategic asset to our business and adds value far beyond capital alone Any fintech startup would benefit from having them involved

• Jason Guss: Founder & CEO, Octane Lending As a capital-intensive business, it was imperative that we partner with a credit firm that could scale to meet our needs What we found in Upper90 was much more With world class operators who understand even complex business models and the levers of a business, they crafted a structure that solved our needs, adding value along the way — they even introduced us to the venture investor that led our Series B Since partnering with Upper90, we have seen a ~10x appreciation of the value of our business The team at Upper90 should feel proud to have played a meaningful role in our growth

• Michele Romanow: Co-Founder and CEO, Clearco Over the last 10 years, founders have faced fifty percent dilution through Series B rounds Upper90-backed founders, conversely, own materially more by utilizing credit earlier for the healthier parts of their businesses With pressure on valuations, access to alternative financing solutions is top of mind

• Billy Libby: Co-Founder and CEO, Upper90 Somewhere along the way founders started getting judged on how much money they raised instead of how much ownership they retained This is backwards, debt has been viewed as a four-letter word but, in reality, by looking at how it is utilized in real estate, it is clear that online business models that have predictability or asset collateral can massively enhance equity returns by being thoughtful with credit

• Jason Finger: Co-Founder and Chairman, Upper90 Upper90 Targets $350M for Third Round Expert Voices: Billy Libby Upper90’s strategy of cutting checks with credit and equity may be more relevant than ever Upper90 Raises $180 Million In Fresh Capital For Fund III Launch To Help Startups Power Growth With Credit Upper90 Closes $180 Million Fund for Asset-Based Startup Lending should use predictive modeling to fundraise smarter Capital Allocators: Billy Libby – Disruptive Venture Funding at Upper90