Updater Raises $215M to Simplify the Moving Process

Updater takes the headache out of moving by streamlining tasks into a single platform. 

Written by Charli Renken
Published on May. 17, 2022
Updater Raises $215M to Simplify the Moving Process
two people pack up their belongings to move somewhere else.
Photo: Shutterstock

No one likes moving. Not only is it stressful and labor intensive, it can also be expensive, depending on where and when you plan to relocate.

There are a ton of moving parts, as well. Depending on the area, you might need to find a new internet provider or insurance. You also need to move over your utility services to make sure you have running water, power and heat once you get to the new place. Even if you’re the most organized person in the world, moving is never easy.

One New York company trying to simplify the moving experience is Updater, which just raised a $215 million investment from Vista Credit Partners. The company’s invite-only platform allows movers to easily search for and transfer all their utilities and manage other moving tasks all in one place.

With the Updater app, users can find, compare and book internet and TV services, set up their utilities, hire movers, forward mail, purchase moving supplies and shop for home and renters insurance. Updater also partners with real estate, service providers and third-party platforms to drive business and offer users best prices.

“Since day one, our vision has been the same – to completely reimagine the experience of moving,” Updater founder and CEO David Greenberg said in a statement. “We’re thrilled to partner with Vista Credit Partners for this investment round, which will propel Updater to new heights as the clear industry-leading platform in moving technology, the category we created in 2010.”

The new capital comes after a significant year of growth for Updater. In the past 12 months, the company launched multiple new products for both users and its real estate partners, deployed new iOS and Android apps and increased Updater’s revenue by nearly 50 percent. Updater also grew its team by over 100 employees.

The company continues to grow and is currently hiring 17 position across departments. Updater plans to use its new capital to fund research and development, expand to new markets, develop new features and hire new talent. 

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