Product Reports Resources Pricing Login Book a demo

Upserve

Food · Providence, United States · Founded 2009

A restaurant management platform designed to make restaurants run smoother operations and exceed guest expectations MoreLess

Originally founded as Swipely in 2009 by Angus Davis, the company now known as Upserve has undergone a significant evolution to become an integral part of the restaurant technology landscape. Davis, a seasoned entrepreneur who co-founded Tellme Networks (acquired by Microsoft) and was an early employee at Netscape, established the company in Providence, Rhode Island. The venture began as a social network for sharing purchases, later pivoting in 2011 to a loyalty platform for local merchants.

A pivotal moment occurred in 2016 when the company acquired Breadcrumb POS from Groupon and rebranded to Upserve, sharpening its focus exclusively on the restaurant industry. This strategic shift positioned Upserve as a comprehensive management platform provider for independent full-service restaurants. The business operates on a subscription-based model, offering tiered plans that bundle software and hardware. Its client base ranges from small businesses and single-location establishments to larger restaurant groups, breweries, and bars.

The platform, now formally Lightspeed Restaurant (U-Series) after its acquisition, is an all-in-one system combining point-of-sale (POS), payment processing, and analytics. Its core offering is a cloud-based POS system designed to run on both Android and iOS devices, featuring an offline mode to ensure continuous operation. Key features include tableside ordering, tools for splitting checks, menu and inventory management, and employee scheduling and performance tracking. A distinguishing component is its analytics suite, formerly Upserve HQ, which provides restaurant owners with detailed insights into sales trends, server performance, and customer behavior by creating profiles for guests who pay with credit cards. This data-centric approach helps operators optimize menu offerings and staffing.

Following significant venture capital funding rounds and a nine-figure investment from Vista Equity Partners in 2017, Upserve scaled its operations substantially. By 2018, it was processing over $12 billion in annual sales for thousands of restaurants. The company's growth trajectory culminated in its acquisition by Lightspeed Commerce in December 2020 for an estimated $430 million, a move that integrated Upserve's robust restaurant-focused solution into Lightspeed's broader omnichannel commerce platform. Keywords: restaurant management, point of sale, POS system, payment processing, restaurant analytics, hospitality technology, inventory management, tableside ordering, cloud-based software, customer insights

Valuation $100–500M
Revenue $50–100M
Headcount <100
Total funding $10–50M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Upserve and the history behind them.

Company overview

Upserve company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2009
Headquarters
Providence, United States
Employees
54
Open positions
None listed
Dealroom signal
90.2
Investment activity
2 companies · latest Jul 2018
Capital deployed
Preferred round
ACQUISITION
client focusb2bclient focusb2csub industryIn-store Retail & Restaurant TechsectorPoint of SalesectorRestaurant TechindustryFood

Valuation & funding

Upserve funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Dec 2020 $430M $430M Lightspeed
EARLY VCEquity / VC Jul 2017 $0 Vista Equity Partners · First Round Capital · Pritzker Group Venture Capital
SERIES CEquity / VC May 2014 $20M $80M SV Angel · NextView Ventures · Index Ventures · First Round Capital
SERIES BEquity / VC May 2013 $12M $48M NextView Ventures · Greylock Partners · Index Ventures · First Round Capital
SERIES AEquity / VC May 2010 $7.5M $30M Greylock Partners · First Round Capital · NextView Ventures · Charles Moldow
SEEDEquity / VC Dec 2009 Undisclosed
ANGELEquity / VC Dec 2009 First Round Capital · Angus Davis
Showing 7 recorded eventsUnlock the complete deal history →

Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $140M +158% 59
2025 $54M 0% 42
2024 $54M 0% 79
2023 $54M 0% 79
2022 $54M 0% 79
2021 $54M 0% 106
2020 $54M 224
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Upserve website traffic

Latest recorded traffic for Upserve is 290K monthly website visits, up 0% over the last three months. Upserve's team grew 28.6% over the past year.

Latest monthly visits290K 3-month web change0% 1-year team growth+28.6%
Monthly website visits117 observations · Apr 2016–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Upserve compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Capital deployed

Upserve investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Upserve's talent

Book a demo to see the people
Team profiled 58 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

16 investors on Upserve's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 2 investors entered at this stage
Series A 11 investors entered at this stage
Series B+ 1 investor entered at this stage
Pritzker Group Venture Capital
Other known 2 additional known investors
Lightspeed
Lee Hower

Global footprint

Where Upserve has talent and traffic

Workforce by country
3 countries with
team presence
🇺🇸 United States83.3%
🇨🇦 Canada11.1%
🇬🇧 United Kingdom2.8%
3 countries shown

In the news

Latest news about Upserve

Recent press, funding announcements, and product moves mentioning Upserve — open to read from the original sources.

See all news

Market sentiment

What the market is saying about Upserve

An AI-synthesized read of the highest-engagement posts about Upserve on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Upserve’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.