The Future Fund is a government-backed scheme supported by the British Business Bank.
The funding round was led by NPIF, Maven Equity Finance with support from the Future Fund and Charles Sharland.
"Since bringing our product to market, we’ve seen an incredible demand for our services that has only accelerated, despite the current economic climate."
The funding round was led by firstminute capital and will support the development of new products beyond the DK-One.
"This is one of the most highly-anticipated stages of our business and a really important step. We’ve spent time talking to our customers and industry specialists, and seen huge enthusiasm for DK-One’s potential. Now up and running, this will be the first time we can use a pre-production machine to demonstrate the DK-One’s commercial and nutritional benefits in the real world and thus demonstrate our vision for the future of food. I am proud of our amazing team for the work they’ve done to get this far this quickly, despite the challenges of the pandemic. We are all really excited to begin fulfilling our customer’s expectations."
The inclusive fintech firm completed its latest raise through a mix of venture backing and a crowdfunding campaign.
"Launching a crowdfunding campaign has been an ambition of ours for some time,"
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."
The follow on round was led by Turquoise International with backing from the Future Fund and existing investors.
"We are delighted to welcome LCIF2 as an investor in KisanHub. This investment will enable us to grow the business in the UK and Europe and strengthen our links with local and national governments"
