Updater

Updater

Simplifies moving with service booking platform

About

Updater simplifies the moving process for individuals and families by offering a platform where users can book essential services like internet and TV, order packing supplies, and secure home or renters insurance. The Updater app allows users to compare different service providers, making it easier to choose the best options for their needs. In addition to serving individuals, Updater also assists real estate professionals and multifamily partners by automating the move-in process, which helps reduce their workload and enhances the experience for their clients. The company generates revenue through partnerships with service providers, earning commissions on transactions made through its platform. What sets Updater apart is its combination of personalized assistance from experienced team members and the convenience of an all-in-one technology platform. The goal of Updater is to make moving as seamless and stress-free as possible for everyone involved.

Company Stage

Debt Financing

Employees

51-200

Industries

Consumer Software, Real Estate, Consumer Goods

Total Funding

$156.1M

Headquarters

New York City, New York

Founded

2010


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Simplify's Take

What believers are saying

  • Recent $60M funding boosts Updater's growth in the relocation market.
  • Integration with PetScreening simplifies pet compliance for multifamily communities.
  • Recognition as a Top 5 Moving Technology highlights Updater's industry leadership.

What critics are saying

  • Increased competition from new entrants like Milestones threatens Updater's market position.
  • Over-reliance on service provider partnerships could impact revenue if terms change.
  • Focus on multifamily growth may divert resources from other business segments.

What makes Updater unique

  • Updater offers a comprehensive platform simplifying the moving process for users.
  • The company combines human assistance with intuitive technology for a seamless user experience.
  • Updater's partnerships with service providers enhance its commission-based revenue model.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

0%

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