About Up VC
Up VC is a venture capital firm founded in 2023. It is primarily based out of London, United Kingdom. It primarily invests in United Kingdom based startups. Its investments are spread across a wide range of sectors from FinTech to Retail and Consumer. Overall, Up VC portfolio has seen 2 unicorns and 2 acquisitions including key companies like Afterpay, XTransfer and Copper.Up VC's List of Top Investments
Up VC has a portfolio of 9 companies, including 2 unicorns. Their most notable investments include Afterpay and Revolut.Their portfolio spans across United Kingdom, Australia, China and 1 more locations. They have invested in FinTech, Retail, Consumer and 6 other sectors. Here is the list of top investments by Up VC:1. Afterpay
Provider of buy now, pay later services with flexible options. It facilitates installment payments for purchases. The service allows consumers to acquire goods and services immediately and pay for them over a defined period. It offers options for different regions and languages.
Key facts about Afterpay
- Founded Year: 2014
- Location: Melbourne (Australia)
- Stage: Acquired
- Total Funding till date: $35.4M
- Employee Count: 528 as on Sep 30, 2026
- Investors: Sarissa Capital, Venture Worx and 13 Others
- Latest Funding Round: Post IPO, Aug 20, 2020, $*****
- Highlight: Acquired
2. Revolut
Provider of banking solutions for retail customers and businesses. It provides users with a platform that offers a comprehensive suite of features designed to simplify financial management and enhance user experience.
Key facts about Revolut
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £1B+ as on Dec 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.99B
- Employee Count: 20,473 as on Sep 30, 2026
- Investors: Star Tech NG, TSG Consumer Partners and 150 Others
- Latest Funding Round: Series E, Feb 18, 2025, $*****
- Highlight: Editors' Pick
3. XTransfer
Provider of cross-border trade payment platform for global businesses. It offers money transfer services for global suppliers and overseas students, among others.
Key facts about XTransfer
4. Bud
Developer of open banking API and financial data analysis for businesses. It is an account-linked expense management platform that allows users to manage finances. Users can connect bank accounts and credit cards in one place and customize budgets by automatically categorizing expenses. It also provides access to various financial products such as pensions, insurance, currency exchange, investments, and more. Features open banking for accessing multiple bank account data via its proprietary aggregation technology.
Key facts about Bud
- Founded Year: 2015
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $103M
- Employee Count: 300 as on Sep 30, 2026
- Investors: Goldman Sachs, HSBC and 41 Others
- Latest Funding Round: Series B, Jan 31, 2023, $*****
- Highlight: Editors' Pick
5. Copper
Provider of digital asset custody and off-exchange settlement infrastructure services. Services include secure storage of digital assets using multi-party computation technology and a settlement network that allows trading on centralized exchanges without moving assets from custody. Additional offerings include lending services, treasury management, and collateral management for institutional entities. The infrastructure facilitates post-trade services and risk mitigation for various financial strategies.
Key facts about Copper
- Founded Year: 2018
- Location: Zug (Switzerland)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $791M
- Employee Count: 255 as on Sep 30, 2026
- Investors: Dawn Capital, MMC Ventures and 16 Others
- Latest Funding Round: Series C, Oct 13, 2022, $*****
- Highlight: Editors' Pick
Unicorns in Up VC's Portfolio
Up VC has 2 unicorns in its portfolio - Copper and XTransfer. The most recent unicorn in their portfolio is Copper. It became a unicorn in 2022, 4 years before Up VC first invested in it.Here is a list of unicorns in Up VC's portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of digital asset custody and off-exchange settlement infrastructure services | 2018 | Zug | Series C | tcowoks | ||
73 | Provider of cross-border trade payment platform for global businesses | 2017 | Shanghai | Series D | emoxxwk |
Acquired companies in Up VC's Portfolio
2 companies from Up VC's portfolio have been acquired. The most recent acquisition was Vauban in Jul 2022 by Carta for $*****.Here are Up VC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2022 | - | - | 7233 | |
Jul 30, 2021 | - | - | 5655 |
