CAD Touch is a Pro CAD solution that completely reinvents on-site drawing, giving to professionals in various core fields like architecture, engineering, real estate, home design and more, the power to measure, draw and view their work on-site.
: This funding follows a £16 million raise in late 2020 and has since been surpassed by a even larger £272 million windfall in late 2023. Why This Matters for UK Consumers
Updraft secures £72m investment in NatWest-led funding round Updraft secures ВЈ72m investment in NatWest-led ...
: The £72 million round consists of both equity and debt financing. : This funding follows a £16 million raise
Updraft’s Mission to Break the Debt Cycle: A £72m Milestone Updraft’s goal is to lend £200 million annually
The UK currently faces a significant debt challenge, with credit card and overdraft balances estimated to be around £50 billion. Updraft’s goal is to lend £200 million annually to help reduce these high-interest borrowings.
The app uses technology and machine learning to build a 360-degree view of a user's finances. It then provides personalized advice and lower-interest loans to replace expensive borrowings like credit card balances and buy-now, pay-later (BNPL) debt. Key Highlights of the Funding Round
CAD Touch was discontinued in 2018.
Thanks to over 2.5 million users for using CAD Touch (launched in November 2008 as the very first mobile phone CAD application ever) for all these great years together!
Martin