Upcomer is a technology company.
Upcomer has raised $2.0M across 1 funding round.
Upcomer has raised $2.0M in total across 1 funding round.
Upcomers is a proprietary (prop) trading firm that provides simulated trading challenges for forex, CFDs, commodities, crypto, indices, and stocks, allowing traders to demonstrate skills on demo accounts with virtual capital up to $2.5 million and earn real payouts upon success.[2][3][4] It serves aspiring and experienced traders seeking funded accounts without personal capital risk, solving the problem of access to significant trading capital through transparent challenges, in-house technology, and performance-based scaling.[2][4] The firm emphasizes trader success via personalized programs, low entry fees starting at $23, and features like refundable challenge fees on the third payout, fostering growth in a competitive prop trading space with over 50,000 traders.[2][4]
Upcomers emerged as an independent AI and data science-focused prop firm, with operations centered in Dubai (UAE) and Prague (Czech Republic), though its exact founding year is not publicly detailed in available sources—likely recent given its ~2 years in the market as of recent profiles.[3][4] The team comprises a diverse group of engineers and financial market enthusiasts from varied backgrounds, united by passion for innovation in trading tech; they build everything in-house, avoiding white-label solutions, and actively hire senior developers in Golang and React to expand their platform.[3] Early momentum stems from prioritizing trader-centric features like multilingual terms (10 languages), direct IBAN/crypto withdrawals, and cash reserves for reliable payouts, positioning it as a fresh alternative amid prop firm growth.[2][3][4]
(Note: A separate entity named Upcomer, founded in 2016 in Toronto, focused on esports content and was acquired by Gamurs Group in 2022 after raising $2.41M; this is distinct from the prop trading firm Upcomers.[1][5])
Upcomers rides the explosive growth of prop trading firms, fueled by retail trading booms post-2020 (e.g., meme stocks, crypto volatility), democratizing access to institutional-scale capital via tech-driven simulations.[4] Timing aligns with AI/data science integration in finance, where firms like Upcomers use in-house tools for behavioral data generation and fair evaluation, countering skepticism around unreliable prop payouts.[2][3] Market forces favoring it include rising demand for transparent, bot-friendly platforms amid regulatory scrutiny on forex/CFD brokers, plus crypto/commodities volatility drawing 50,000+ traders.[2][4] It influences the ecosystem by prioritizing independence and innovation, helping traders scale independently and challenging incumbents with superior tech and ethics.
Upcomers is poised for rapid expansion through developer hires and scaling to $2.5M accounts, capitalizing on prop trading's maturation into a $10B+ industry.[3][4] Trends like AI-enhanced risk assessment, expanded crypto integration, and global retail adoption (especially in emerging markets) will shape its path, potentially via partnerships or further tech investments. Its influence may evolve from niche challenger to category leader if it sustains payout reliability and innovation, empowering more traders in a high-stakes, tech-fueled financial frontier—echoing its mission to build trading success one funded account at a time.[2][3]
Upcomer has raised $2.0M in total across 1 funding round.
Upcomer's investors include 7BC Venture Capital, Bam Ventures, BrandProject, Eunoia Capital Partners, FirstMark Capital, Imaginary Ventures, Lightspeed Venture Partners, M13, Rubicon VC, Serena Ventures, VMG Partners, Gwyneth Paltrow.
Upcomer has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2018 | $2.0M Seed | 7BC Venture Capital, Bam Ventures, BrandProject, Eunoia Capital Partners, FirstMark Capital, Imaginary Ventures, Lightspeed Venture Partners, M13, Rubicon VC, Serena Ventures, VMG Partners, Gwyneth Paltrow |