U
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
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
Valuation & funding
Upserve funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Dec 2020 | $430M | $430M | Lightspeed | — |
| EARLY VC✓Equity / VC | Jul 2017 | $0 | — | Vista Equity Partners · First Round Capital · Pritzker Group Venture Capital | — |
| SERIES C✓Equity / VC | May 2014 | $20M | $80M | SV Angel · NextView Ventures · Index Ventures · First Round Capital | — |
| SERIES B✓Equity / VC | May 2013 | $12M | $48M | NextView Ventures · Greylock Partners · Index Ventures · First Round Capital | — |
| SERIES A✓Equity / VC | May 2010 | $7.5M | $30M | Greylock Partners · First Round Capital · NextView Ventures · Charles Moldow | — |
| SEED✓Equity / VC | Dec 2009 | Undisclosed | — | ||
| ANGEL✓Equity / VC | Dec 2009 | First Round Capital · Angus Davis | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 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 |
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.
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.
Capital deployed
Upserve investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
SimpleOrderTel Aviv-Yafo, IsraelCloud-based purchasing and inventory management platform for restaurants and suppliers
$11Mvaluation
BreadcrumbNew York City, United States
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Talent graph
Upserve's talent
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.

Global footprint
Where Upserve has talent and traffic
team presence
In the news
Latest news about Upserve
Recent press, funding announcements, and product moves mentioning Upserve — open to read from the original sources.
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
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