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RiseUp develops a financial service platform designed to enhance individual financial wellbeing. The company leverages unique technology and open banking to provide users with a monthly forecast of their finances, coupled with personalized suggestions for improvement. Through a subscription-based model, RiseUp offers comprehensive tools and support, enabling users to achieve greater financial confidence and stability by making money management intuitive.
The company was founded in 2017 by Yuval Samet, Hanan Rubin, Iftach Bar, and Tamara Harel-Cohen. Their collective insight identified the widespread stress and anxiety associated with personal finances, driving them to create a technology-first solution. The founders aimed to deliver a new kind of financial service that prioritized user wellbeing, simplifying complex financial management through an accessible digital platform.
RiseUp targets individuals seeking to gain control over their finances and improve their overall financial health. The platform caters to anyone who desires an easier approach to understanding and managing their money, fostering a positive relationship with personal wealth. The company's vision is to make financial stability and wellbeing universally attainable, allowing users to feel more secure and positive about their economic future.
RiseUp has raised $60.0M across 2 funding rounds.
RiseUp has raised $60.0M in total across 2 funding rounds.
RiseUp Technologies, Inc. is an IT services and consulting company based in Greater Los Angeles, California, specializing in managed IT solutions for small and mid-sized businesses (SMBs).[1][4][6] It helps these companies scale operations, build efficient networks, infrastructure, and workflows, and leverage technology without heavy capital investments or full-time hires, focusing on productivity gains and competitive advantages.[1][6] Serving SMBs challenged by balancing daily operations with growth, RiseUp acts as a cost-effective partner, emphasizing vendor-neutral, straightforward solutions over one-size-fits-all approaches.[4][5]
The company positions itself as a "modern IT Services Boutique," prioritizing relationship-based service, integrity, and clear communication to make complex tech accessible and aligned with unique business needs.[4]
RiseUp Technologies emerged to address the technology scaling challenges faced by SMBs in competitive markets, though specific founding year, founders, or early traction details are not detailed in available sources.[1][4][6] Its backstory centers on recognizing that growing businesses often struggle with infrastructure investments and expertise gaps, leading to the creation of elevated IT services that bridge day-to-day operations and expansion without adding headcount.[1][6] Key to its evolution is a commitment to "rock solid, straightforward, and cost-conscious solutions," evolving into a client-family model that vets talent rigorously and maintains vendor neutrality for tailored fits.[4]
RiseUp rides the trend of SMB digital transformation, where small businesses increasingly demand affordable, scalable IT to compete amid cloud adoption, remote work, and cybersecurity threats.[1][4] Timing aligns with post-pandemic acceleration of hybrid operations and cost pressures, making managed services essential for efficiency without in-house expansion.[1][6] Market forces like rising tech complexity and vendor consolidation favor boutique providers like RiseUp, which offer personalized, neutral support over enterprise giants.[4][5] It influences the ecosystem by empowering SMBs—often underserved—to boost productivity, indirectly fueling local economies and innovation in sectors reliant on reliable IT backbones.[1]
RiseUp is poised to expand as SMBs prioritize resilient IT amid economic uncertainty and AI-driven tools, potentially deepening offerings in cloud management, cybersecurity, and automation.[1][4] Trends like edge computing and zero-trust security will shape its path, with opportunities to partner with larger platforms for hybrid solutions. Its influence may grow by solidifying as a go-to boutique for scalable tech empowerment, helping more businesses "rise up" competitively without the overhead. This underscores its core mission: making technology a straightforward enabler for growth.[1][6]
RiseUp has raised $60.0M in total across 2 funding rounds.
RiseUp's investors include Aleph VC, Atreides Management, Brewer Lane Ventures, Corner Ventures, Entrée Capital Ventures, General Catalyst, GE Ventures, Index Ventures, Mosaic Ventures, Offline Ventures, Marc van den Berg, Samsung NEXT Ventures.
RiseUp has raised $60.0M across 2 funding rounds. Most recently, it raised $30.0M Series C in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 12, 2020 | Tribal | $5.5M Seed | BECO Capital, Global Ventures | 500 Startups, AR Ventures, Endure Capital, OFF The Grid Ventures, Rising Tide Fund, Tribe Capital, Valve Ventures |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $30M Series C | — | Aleph VC, Atreides Management, Brewer Lane Ventures, Corner Ventures, Entrée Capital Ventures, General Catalyst, GE Ventures, Index Ventures, Mosaic Ventures, Offline Ventures, Marc VAN DEN Berg, Samsung Next Ventures, Tusk Venture Partners, Elan Zivotofsky, Shai Wininger | Announced |
| Apr 1, 2022 | $30M Series B | — | Zinc, Robin Klein | Announced |