The funding package from Mercia will support team expansion and the wider rollout of the student engagement platform.
"Understanding student engagement and ensuring they have the right support has always been difficult for universities, but at a time when learning is moving online and students are spending more time alone, it is even more important. Solutionpath provides real-time feedback on how new practices are being received and enables them to spot vulnerable students or those at risk of dropping out."
Quilam Capital led the debt financing alongside the UK Government Future Fund and high net worth backers.
"Over the years we’ve seen innovators making use of open banking, shed light on financial health and provide credit, however Updraft provides a truly unique offering across all of these aspects with a market leading solution to give customers the fairly priced credit they deserve. We’re delighted to invest in Updraft and support the business on their mission to give consumers the tools to save and reach their life goals faster."
Silicon Valley Bank provided the debt financing to support the company in expanding its real-time payments platform.
"We are very excited to deepen our partnership with TransferGo as we look forward to being a part of their growth story as it expands its cycle of innovation to attract more customers to a faster, cheaper and more accessible way to send money around the world,"
The debt facility was led by Avellinia Capital with backing from Clerville Investment Management.
"We believe the days of one-trip ownership are coming to an end. Under Raylo’s circular model, devices will be used by a minimum of two people over a lifespan of six to seven years."
The funding round was led by Mouro Capital with participation from existing backers and angel investors.
"Uncapped was born out of frustrations I faced launching and running my first business. I didn’t want to take financing from the banks because they all wanted personal guarantees. Venture capital wasn’t ideal either as I didn’t want to lose equity, so I repeatedly missed out on growth opportunities. With this further funding Uncapped is ideally positioned to help hundreds of more businesses across the UK and Europe grow to their full potential."
