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."
Sovereign Capital Partners has acquired a significant minority stake in the digital transformation specialist.
"We have come a long way since we set up our business just five years ago. This is an exciting market and we have achieved fast yet solid growth without compromise to the quality of our offering."
The Zero Carbon Fund led the oversubscribed pre-seed round to support algal gene editing and prototype development.
"We are thrilled to joining the Zero Carbon Fund portfolio and to have their support while building the next generation of climate mitigation technologies that the world so desperately needs"
