Updated:
Upserve
Upserve began as Swipely in 2009, pivoted to restaurants, and is now a Skyview Equity carve-out — a POS platform with an uncertain post-acquisition future.
Upserve
Keep existing but adjust “We’re now part of the Lightspeed family!” → We’re now part of the Skyview Equity family!
General information
Firm type
Asset Manager
Year founded
2009
Location
Region
North America
Country
United States
City
Providence
Corporate office
Providence, RI, United States
Sector focus
Frequently asked questions
Who owns Upserve now?
Skyview Equity acquired Upserve from Lightspeed Commerce in 2026. The terms of the transaction were not disclosed publicly. Upserve now operates as a standalone business under Skyview's ownership.
What happened to Upserve after Lightspeed bought it?
Lightspeed Commerce acquired Upserve in 2020 and integrated its restaurant point-of-sale and analytics platform into Lightspeed's broader commerce offering. For six years, Upserve operated as a product line inside Lightspeed. In 2026, Lightspeed sold the Upserve business to Skyview Equity, which stated it will continue to support and grow the product.
Is Upserve still a venture-backed startup?
No. Upserve has been acquired twice: first by Lightspeed Commerce in 2020, and then by Skyview Equity in 2026. It is now a private-equity-backed operating company, not an independent venture-backed entity.
How does Upserve make money?
Upserve generates revenue through a combination of software-as-a-service subscription fees and payment-processing fees. It is a registered Independent Sales Organization of Wells Fargo Bank, N.A., and sells hardware bundles directly to restaurant operators.
Does Upserve still maintain its own leadership team?
The firm's public materials no longer list an executive team. Under Lightspeed ownership, the Upserve team was absorbed into the parent company. Skyview Equity has not disclosed any named principals to lead the carve-out, making the current management structure publicly opaque.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: