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The Venture Codex

Upper90

11 East 44th Street #700, New York, NY, 10017, United States

Overview

Tailored growth capital for disruptors in eCommerce and FinTech.

Founded

2018

Deals ยท 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Multi-stage

Geographic focus

Canada
Mexico
United States

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

42rounds
NAMEDATESIZE
Natural
Aug 2026Led
$100 MDebt
General Compute
Jul 2026Led
$400 MDebt
Deep Infra
May 2026Participated
$107 MSeries B
Neon
Mar 2026Participated
$25 MSeed
Octane
Dec 2025Participated
$100 MSeries F
Crusoe Energy Systems
Oct 2025Participated
$1.4 BSeries E
Tensec
Oct 2025Led
$60 MDebt
Nooks
Jun 2025Participated
$25 MSeries A
Crusoe Energy Systems
Mar 2025Led
$225 MDebt
Octane
Aug 2024Participated
$50 MSeries E
160 Driving Academy
Jul 2024Led
$100 MOther Equity
STAX Engineering, Inc.
Jul 2024Led
$40 MOther Equity
Natural
Aug 2026Led
$100 MDebt
General Compute
Jul 2026Led
$400 MDebt
Deep Infra
May 2026Participated
$107 MSeries B
Neon
Mar 2026Participated
$25 MSeed
Octane
Dec 2025Participated
$100 MSeries F
Crusoe Energy Systems
Oct 2025Participated
$1.4 BSeries E
Tensec
Oct 2025Led
$60 MDebt
Nooks
Jun 2025Participated
$25 MSeries A
Crusoe Energy Systems
Mar 2025Led
$225 MDebt
Octane
Aug 2024Participated
$50 MSeries E
160 Driving Academy
Jul 2024Led
$100 MOther Equity
STAX Engineering, Inc.
Jul 2024Led
$40 MOther Equity
42
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Insights

Time horizon

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Deal Distribution

Upper90: 42 funding rounds are recorded in the selected participation categories.All available history.
Upper90: 42 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed25
Series A16
Series B08
Series C+06
Other Equity31
Debt64

Monthly Deal Activity

Upper90: 42 deals are recorded across 95 months.All available history.
Upper90: 42 deals are recorded across 95 months. All available history
MonthDeals
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '192
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '211
Mar '211
Apr '211
May '211
Jun '210
Jul '211
Aug '212
Sep '211
Oct '212
Nov '211
Dec '211
Jan '220
Feb '221
Mar '220
Apr '222
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '232
Oct '232
Nov '231
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '242
Jun '240
Jul '242
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '252
Nov '250
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '261
Jun '260
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Upper90: Fintech is the largest displayed sector by deal count (16 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Upper90: Fintech is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Fintech16
E-Commerce & Retail14
Enterprise Software12
AI & Machine Learning9
Data, Analytics & IT8
Networks, Cloud & Communication8
Clean Energy & Sustainability6
Consumer & Lifestyle6
Transportation & Logistics5
Space & Frontier Tech3
Marketing & Advertising2
Social & Community Platforms2
Developer Tools2
Travel & Hospitality1
Cybersecurity & Privacy1
Real Estate & Construction1
Hardware & Robotics1
Health & Life Sciences1
Professional Services1

Deal Size Distribution

Upper90: 42 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Upper90: 42 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M2
$10M-$25M6
$25M-$50M9
$50M-$100M12
$100M-$250M9
$250M-$500M1
$500M-$1B1
$1B+2

Deals By Geography

Upper90: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Upper90: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
Europe4
Mexico3
Canada3
United Arab Emirates1
Upper90: 20 co-investors are shown, with FJ Labs sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Upper90: 20 co-investors are shown, with FJ Labs sharing 5 recorded deals. All available history
Co-investorShared deals
FJ Labs5
PEAK6 Strategic Capital4
Zigg Capital4
Founders Fund3
Lowercarbon Capital3
Slow Ventures3
Upfront Ventures3
Valar Ventures3
Valor Equity Partners3
Winklevoss Capital3
Altai Ventures2
Asymmetric Capital Partners2
Atreides Management2
Bain Capital Ventures2
Base10 Partners2
Canaan Partners2
Commerce Ventures2
DRW Venture Capital2
Exor2
Felicis Ventures2

Investment Strategy

Upper90: Led accounts for 29% and participating for 71% of round participation.All available history.
Upper90: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led1229%
Participating3071%
Upper90: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Upper90: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead975%
Co-led325%

Team

Billy Libby

CEO

Dallin Rosdahl

Business Management

Jason Finger

Chairman