
Upside
Founded Year
2016Stage
Series D | AliveTotal Raised
$165MValuation
$0000Last Raised
$65M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-56 points in the past 30 days
About Upside
Upside operates as a retail technology company. The company's main service is a mobile application that offers cash-back rewards to consumers for their everyday purchases such as gas, groceries, and food. It primarily serves the retail industry. Upside was formerly known as GetUpside. It was founded in 2016 and is based in Washington, District of Columbia.
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ESPs containing Upside
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The digital loyalty programs market provides businesses with the ability to track and engage with their loyal customers. These programs allow businesses to offer rewards and incentives to customers who frequently make purchases, encouraging them to continue returning. Additionally, these programs provide valuable data and insights into customer behavior, allowing businesses to better understand an…
Upside named as Leader among 10 other companies, including Clutch, Xoxoday, and FiveStars.
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Research containing Upside
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Upside in 1 CB Insights research brief, most recently on Sep 13, 2022.

Sep 13, 2022
3 retail tech trends to watch in Q3’22Expert Collections containing Upside
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Upside is included in 6 Expert Collections, including Conference Exhibitors.
Conference Exhibitors
5,302 items
Loyalty & Rewards Tech
619 items
Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs including loyalty software, AI-powered loyalty, blockchain-powered loyalty, and more.
Unicorns- Billion Dollar Startups
1,276 items
Store tech (In-store retail tech)
1,796 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Restaurant Tech
1,285 items
Artificial Intelligence
10,049 items
Upside Patents
Upside has filed 4 patents.
The 3 most popular patent topics include:
- behaviorism
- network protocols
- computer memory

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
11/17/2023 | 11/5/2024 | Behaviorism, Network protocols, Computer memory, Identifiers, Data management | Grant |
Application Date | 11/17/2023 |
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Grant Date | 11/5/2024 |
Title | |
Related Topics | Behaviorism, Network protocols, Computer memory, Identifiers, Data management |
Status | Grant |
Latest Upside News
Jul 7, 2025
New data finds that nearly two-thirds of new fuel customers don't return after the first month. 7/7/2025 WASHINGTON, D.C. — Fuel retailers are facing a critical retention gap as 64% of new fuel customers never return after their first month, according to the new report from Upside, "Winning the Uncommitted Customer." Findings are based on 75 million transactions and two years of retailer and consumer survey data. Uncommitted customers, or those who routinely visit different brands, drive 34% of a fuel retailer's revenue, according to the report, which also found that although these customers are difficult to win, they can be influenced. Fuel and convenience store retailers who influence their behavior early have the opportunity to unlock meaningful growth. Advertisement "The data shows that a visit — or even a loyalty membership — doesn't mean a customer is here to stay," said Dr. Thomas Weinandy, senior research economist at Upside. "To retain customers and recoup acquisition costs, fuel retailers need to prioritize winning each and every successive transaction. Winning just one more trip a month could create a meaningful boost in revenue." Many retailers underestimate the scope of the problem, as the report found that 57% of surveyed fuel retailers said they don't believe a meaningful portion of their customers are uncommitted. However, report data indicates that 74% of fuel customers fit this profile, and they are not restricted to particular ages, income levels or household types. According to Upside, this makes the business case for prioritizing this group clear, as just one additional visit per month from uncommitted customers could drive an 88% increase in overall revenue. This would help fuel retailers turn one-time visits into lasting relationships and justify investments in acquisitions, Upside said. Loyalty programs help, as just 20% of loyalty members churn in a given month vs. the 51% of customer who don't use incentives. Upside noted that retention improves even further when paired with its personalized, margin-bound offers, as loyalty and Upside together improve retention by 60%. Uncommitted customers are value-seeking, digital and opportunistic. When operators meet that criteria with personalized promotions, these customers demonstrate a willingness to change their behavior. "Fuel retailers know how hard it is to keep a customer, especially when price drives so many decisions," said Sam Berkovitz, vice president of enterprise fuel at Upside. "This report gives operators a clearer picture of who's walking away and how to bring them back. It's not with blanket discounts, but with offers that show up at the right time." The full "Winning the Uncommitted Customer" report is available for download here . Based in Washington, D.C., Upside is a marketplace that connects consumers with brick and mortar retailers through personalized offers.
Upside Frequently Asked Questions (FAQ)
When was Upside founded?
Upside was founded in 2016.
Where is Upside's headquarters?
Upside's headquarters is located at 1701 Rhode Island Avenue, Washington.
What is Upside's latest funding round?
Upside's latest funding round is Series D.
How much did Upside raise?
Upside raised a total of $165M.
Who are the investors of Upside?
Investors of Upside include Builders VC, Bessemer Venture Partners, General Catalyst, Aramco Ventures, Vista Equity Partners and 3 more.
Who are Upside's competitors?
Competitors of Upside include Merryfield, Ibotta, Fetch, Benjamin, Karma Wallet and 7 more.
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Compare Upside to Competitors

Fetch is a mobile rewards platform operating in the technology sector, specifically in digital marketing and consumer engagement. The company provides a service where users can accumulate points through shopping both in-store and online, as well as through playing mobile games, and subsequently exchange these points for gift cards. Fetch serves consumers who engage in shopping. It was founded in 2013 and is based in Madison, Wisconsin.

Benjamin operates a financial technology company that offers a service that helps users get cash back and rewards from everyday spending. It primarily serves the consumer finance industry. The company was founded in 2022 and is based in New York, New York.

Drop operates at the nexus of e-commerce and financial technology and offers a rewards program to incentivize shopping. The company provides a platform where users can earn points for purchases made online and offline, which can then be redeemed for gift cards and other rewards. Drop primarily serves the e-commerce industry, engaging Millennials and consumers by offering a tailored shopping experience and rewards for survey participation. It was founded in 2015 and is based in Toronto, Canada.
Bright Bucks operates within the human resources technology sector, providing a mobile app platform that includes features for employee communication, recognition, rewards, and data analytics. The focus is on assisting businesses in improving strategies related to employee retention and engagement. It was founded in 2019 and is based in San Antonio, Texas.
Karma is an AI-powered shopping assistant that operates in the e-commerce industry. The company offers a browser extension and mobile app that help users save money by tracking prices, finding coupons, and managing shopping lists. Karma primarily serves individual consumers looking to optimize their online shopping experience. It was founded in 2014 and is based in Tel Aviv, Israel.

Fluz operates as a financial technology company providing cashback rewards and digital wallet services. The company offers a platform where users can earn cashback on purchases, manage money with virtual cards and gift cards, and participate in a referral program. Fluz serves individuals and businesses seeking ways to shop and earn cashback. It was founded in 2015 and is based in New York, New York.
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