Private Market View

Upstart Power

Southborough, MA · Founded 2017 · Privately Held (backing)

PA Mark · $/share
$39
Sep 2026
Implied valuation
$46.5M
Total raised
$70.7M
Last round
Seed Round
Dec 2024

Key facts

as of Sep 2026
  • Upstart Power’s last known valuation is $46.5M (Jul 2024).
  • It has raised $70.7M across 6 recorded rounds; the latest was Seed Round ($2.1M) in Dec 2024.
  • Notable investors include Cricetus Felix Ventures, Enphase Energy, H+ Partners, Itochu, Rodgers Capital6 tracked in total.
  • 1 institutional filer reports fund marks on Upstart Power across 3 filings.
  • Upstart Power has filed 7 Form Ds with the SEC since 2018, most recently Dec 2024 ($2.1M sold to 5 investors).
  • Status: Privately Held (backing).
PA Mark — composite indicative price
LOW confidence
~$39per share
as of Sep 2026 · the exact daily mark is a member feature
Composed from 1 inputs:N-PORT marks 100%
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Recorded secondary trades

No prints on record

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Institutional fund marks

1 filers · latest Jan 2026

1 SEC-registered fund reported 3 fair-value marks on Upstart Power between Jan 2026 and Jan 2026. Filer-level marks and implied $/share are available to Pro members.

Funding rounds

6 rounds
Dec 2024Seed Round$2.1MSEC filing
Jul 2024Early Stage VC$22.5MSEC filing
Oct 2022Early Stage VC$16.9MSEC filing
Dec 2020Early Stage VC$15.5MSEC filing
Jul 2019Seed Round$1.0MSEC filing

About Upstart Power

Manufacturer of solid oxide fuel cell generators intended to make distributed electricity generation a reality. The company's generators are cost-effective, dependable, carbon-efficient, and silent, which produce low-cost, low-emission, and dependable electricity from natural gas or propane at the point of use, enabling businesses to get distributed power by harnessing fuel cells, solar, and battery to provide long-duration backup.

Sector
Business Products and Services (B2B)
HQ
Southborough, MA, United States
Founded
2017
Employees
24
Ownership
Privately Held (backing)