The £108m investment was led by backers including NatWest, LC Nueva, and Auluk Investments to fund product development and growth.
"We are thrilled to close this latest round of funding, where our debt and equity partners have demonstrated their belief in Updraft’s team and our mission, particularly in the current macroeconomic environment. It is a testament to what Updraft is trying to do; provide real solutions to customers to help them find their financial freedom. We have big ambitions planned for 2023, and this recent fundraiser puts us in a great position to help even more people."
IW Capital has provided an additional £800k to support the retail technology developer as it scales its operations.
"Ubamarket is disrupting the traditional shopping experience with their Scan Pay Go technology seen across the retail industry today. It has developed a compelling Scan Pay Go app with its patented technology and is now ready to roll out at scale. IW Capital is excited to be backing Ubamarket at a fundamental time as they scale up their technology offering and expand globally. Their technology improves businesses and customer experiences alike."
The investment round was led by Eka Ventures with participation from notable athletes and institutional backers.
"Everyone at Runna is beyond thrilled with the progress in such a short space of time, and we have to thank our users and investors for their unwavering support. We’re determined to spread the benefits of running with as many people as possible by making it as accessible as we can to people of all backgrounds, body types and fitness levels."
The investment round was led by Mercia and will fund the production of two new satellites.
"By streaming real-time video to billions of people worldwide, Sen aims to democratise space. Our service will raise awareness about planetary changes and support those directly affected by events on Earth. We will use Augmented Reality on top of video to provide additional insights to users tell the story and provide unique new perspectives for humanity. We’re delighted to welcome Mercia on board to help us achieve our goals."
