Amount Raised
£108 Million
Round Type
Debt Financing
LondonFinancial ServicesInvestors
Description
Updraft, an open banking-powered app designed to form positive financial habits, has secured £108m in a joint equity and debt funding round.
Quick answer
Updraft raised £108 Million in a Debt Financing round, dated December 19, 2022. Investors: Faber Capital and Auluk Investments. Updraft is based in London, England, United Kingdom.
- How much did Updraft raise?
- Updraft raised £108 Million in a Debt Financing round on December 19, 2022.
- Who invested in Updraft?
- Faber Capital and Auluk Investments are named as investors in this round.
- What does Updraft do?
- Updraft is a part lending, part credit report, and part financial planning app for millennials.
- Where is Updraft based and how big is it?
- Updraft is based in London, England, United Kingdom.
- Who are the decision-makers at Updraft?
- Fundz holds 1 contact at Updraft. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as Updraft that raised within 45 days of this round, from Fundz verified event records.
- Ensysce Biosciences raised $2.8M (Seed) on February 2, 2023.
- Entelligent Inc. raised $1.1M (Series A) on February 1, 2023.
- Lulalend raised $35M (Series B) on February 1, 2023.
- Cohere raised $1.1M on February 1, 2023.
- Moov Financial raised $45M (Series B) on January 31, 2023.
- Sunstone Credit raised $20M (Series A) on January 31, 2023.
Who to call at Updraft, and when
A new round usually means Updraft is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Updraft raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Updraft, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Updraft. With Fundz connected, it knows.
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Fundz sees it the moment Updraft raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Updraft raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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