Updater
19 Union Square West, 12th Floor, New York, NY, 10003, United States
Overview
Updater is a company that develops technology to help consumers relocate more easily. They help to relocate consumers, organize and complete their moving-related logistics, and partner with real estate agents and brokers, property managers, and moving companies. The company was founded in 2010 by David Greenberg and is headquartered in New York.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Apps
- Information Technology
- Software
Investment portfolio
- Milestones
Led · Series A · Aug 2022
Milestones is an Austin, TX-based home ownership portal led by founder and CEO Dustin Gray. The platform monitors home value, provides home-for-sale search, and manages transactions when users are ready to sell. Milestones is available to consumers at no cost through partnerships with real estate professionals across brokerage, mortgage, title, and insurance. The company intends to use the new funding to accelerate its go-to-market strategy. Leadership and strategic partners are closely involved in governance and distribution: Dustin Gray leads the company and is joining the board alongside executives from participating investors and partners. No operating metrics were disclosed in the article.
- Get Covered
Participated · Series A · Nov 2021
Get Covered provides insurance technology products and services for the multifamily industry that simplify buying, selling and tracking insurance across lease terms. The platform ensures residents meet a community’s minimum required policy and enables renters to purchase customized policies from A‑rated carriers. For owner/operators, Get Covered embeds insurance tracking into existing processes and offers a backend policy admin portal for certificate of insurance (COI) verification, tracking, billing and policy administration. The company plans to use new funding to innovate products, increase staffing and grow partnerships with insurance carriers, agencies and proptech companies. It also intends to expand its client base of renters, apartment owner/operators and property managers and to grow strategically in new and existing markets. Operationally, Get Covered added more than 600,000 units to its activation and COI tracking platform in 2022 and is deployed in over 3,500 apartment communities across 48 states. GetCovered.io provides a customizable tenant-facing storefront to purchase insurance from A-rated carriers and a backend policy administration portal for COI verification, tracking, billing and policy administration. The platform supports renters’ insurance, master liability programs, security deposit alternatives and other risk-management products for both residential and commercial leases. Its API integrates with property-management systems including Yardi Voyager, Onesite, MRI and Entrata, and the platform powers proptechs such as Belong Homes, Obie Risk and Knox Financial. GetCovered counts more than five hundred insurance carriers and agencies as clients and lists commercial partners including Updater, Marsh, NFP and Confie. Founded in 2018, the company says its mission is to become the “Shopify of Insurance” by giving smaller property managers and agencies access to the same tools as large companies. The recent financing is intended to accelerate embedding insurance tracking and administration into real-estate workflows and expand distribution through strategic partners.
- WattBuy
Participated · Series A · Oct 2021
WattBuy operates a marketplace and API platform that enables consumers and partner enterprises to discover and purchase cleaner, cost-saving electricity solutions and personalized energy analytics. Its APIs and channel partnerships embed energy marketplaces into partners such as Samsung SmartThings, Intuit Mint and Updater. The company reports significant customer growth over the past 12 months and serves enterprises across multiple verticals seeking to offer branded energy marketplaces. WattBuy plans to double its team, expanding product, data science and business-development functions, and will soon launch a nationwide community and rooftop solar service. The company is also building additional personalized energy products, services and tools to unlock distributed energy resources for customers. WattBuy announced the hiring of Bobby Tulsiani as its first chief financial officer. Since its founding in 2017, WattBuy has raised $16 million in venture funding to date. WattBuy operates an online electricity marketplace and provides turnkey APIs that let consumers and enterprise partners browse, compare, and select electricity plans. Its personalized recommendation engine and a machine-learning-based calculator estimate hourly electricity usage, costs, and carbon footprint for nearly every U.S. home. The company partners with real-estate platforms like Updater, personal-finance companies, and energy services businesses to embed its marketplace and streamline the move/start-of-service experience. WattBuy is improving its ML model and expanding its API integrations with funding from the latest round. It serves customers in deregulated markets covering over 140 million Americans across 14 states, offering comparisons among 100+ providers and roughly 5,000 plans, with average potential savings of $360 per year. The company has also worked with Schmidt Futures and NREL to build a comprehensive national electricity rates database. WattBuy operates an electricity marketplace that leverages a personalized recommendation engine to help residents set up electricity plans based on preference and usage. The company currently operates in Texas, New York, Connecticut and Pennsylvania. Founded in August 2017 by Naman Trivedi and Ben Hood and based in Seattle, WA, WattBuy participated in Techstars’ Kansas City Accelerator in June 2018. The startup raised seed funding to support growth and product development. It intends to use the funds to expand market access and deepen its data science capabilities. No revenue or user metrics were reported in the article.