# Updraft funding: rounds and investors

> Updraft has raised $318M across 1 round since 2023. Investors include The Future Fund. Every round with its source.

Source: https://millionrounds.com/company/updraft (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Updraft*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$318M** raised across 1 round since 2023, from 1 source

- **Latest round:** Debt, $318M Dec 2023
- **Investors:** 1

See who backed them

## The rounds

- **Dec 2023** Debt **$318M** [The Future Fund](https://millionrounds.com/fund/the-future-fund) Source recorded

## Founders and team

From Updraft's own website: 1 founder, 7 on the team.

**Aseem Munshi** CEO & Founder

- **Ashley Benison** Chief Growth Officer
- **Cath Ready** Chief Compliance Officer (SMF16 & SMF17)
- **Chris Smerdon** Chief Operating Officer
- **David Cain** Chief Financial Officer
- **Graham Lyon** Chief Technology Officer
- **Micha Panagiotidi** Chief Risk Officer
- **Sam Angeli** Chief Design & Product Officer

## Everyone who backed them

[The Future Fund](https://millionrounds.com/fund/the-future-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=updraft).

## Quick answers about Updraft

### Who invested in Updraft?

Updraft's investors include The Future Fund.

### How much has Updraft raised?

Updraft has raised $318M across 1 round since 2023.

### When did Updraft last raise?

Updraft's most recent round was a Debt of $318M in Dec 2023.

### What was Updraft's biggest round?

Its most recent round, $318M in Dec 2023, is also its largest on record.

### Who backed Updraft first?

Updraft's first round on record, in Dec 2023, was backed by The Future Fund.

### What stage is Updraft at?

Updraft's latest named round is a Debt, in Dec 2023.

### Where is Updraft based?

Updraft is based in the United Kingdom.

## Companies like Updraft

In the same sector, and raised in the last eighteen months.

[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Reactive Markets** Oct 2026](https://millionrounds.com/company/reactive-markets)[**TrueLayer** $376M · Oct 2026](https://millionrounds.com/company/truelayer)[**IMMIX** $6.2M · Oct 2026](https://millionrounds.com/company/immix)[**PlannerPal** $6.0M · Oct 2026](https://millionrounds.com/company/plannerpal)[**givestar** $12M · Sept 2026](https://millionrounds.com/company/givestar)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app