Overview

Up&Up operates in the real estate rental market by allowing renters to build wealth while renting. Instead of a traditional security deposit, renters contribute to an Up&Up Wallet, which enables them to share in the rental property's profits and any increase in its value. This model targets individuals who want to rent but also aim for homeownership or savings. Renters start with a minimum contribution of twice the monthly rent and can add more at any time, increasing their share of profits. Leases are typically two years, and renters can use their Up&Up Wallet at the end of the lease to buy the home, transfer to another rental, or cash out. This approach encourages renters to care for the properties, benefiting both them and Up&Up by reducing maintenance costs and enhancing community experiences. Up&Up's goal is to empower renters to build wealth and potentially transition to homeownership.

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Simplify's Take

What believers are saying

• Increased interest in fractional ownership among millennials and Gen Z boosts Up&Up's appeal.
• Urbanization and high homeownership costs drive demand for Up&Up's rental solutions.
• Remote work trends align with Up&Up's flexible living arrangements and curated properties.

What critics are saying

• Rising interest rates may reduce the appeal of Up&Up's fractional ownership model.
• Increased competition from traditional real estate companies could erode Up&Up's market share.
• Economic downturns may lead to higher default rates, impacting Up&Up's profitability.

What makes Up&Up unique

• Up&Up replaces security deposits with contributions to a renter's Up&Up Wallet.
• Renters share in rental profits and property value increases through Up&Up Wallet.
• Up&Up offers curated rental properties with flexible, long-term leases.

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Funding

Total Funding

$284.3M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Founders Fund

Notable Investors:

Founders Fund

$275,000,000

Early VC

Nov 2021

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