Led · Debt Financing · Oct 2025

Lancium Technologies builds and operates "Clean Campuses" that combine purpose-built substations, flexible load management and clean energy integration to support hyperscale AI and cloud computing demand. Its first site, the 1.2-gigawatt Lancium Clean Campus in Abilene, Texas, will anchor the Stargate initiative—a planned U.S. network of sustainable, hyperscale AI data centers backed by technology and investment partners such as SoftBank, OpenAI, Oracle and MGX. The company positions its platform at the intersection of high-capacity compute and renewable power, aiming to deliver lower-carbon, cost-effective digital infrastructure. Proceeds from its latest financing will fund construction and operation of the Abilene facility while enabling future campus developments across Texas and beyond. Lancium’s model is designed to attract AI and cloud providers that require massive, reliable and increasingly green power. Though specific revenue or user metrics were not disclosed, the 1.2 GW capacity underscores the scale of its ambitions. The company’s clean energy focus aligns with growing market demand for sustainable compute infrastructure.

Led · Debt Financing · Dec 2023

Updraft is a UK financial-technology company offering loan refinancing solutions that help members understand their financial profile and establish practical habits to pay down borrowings. It combines smart algorithms, Open Banking, credit reference data and behavioral data to build fuller credit-risk models and deliver bespoke payoff recommendations. The company says its risk models outperform traditional bureau-based models, helping lower the cost of credit. Updraft plans to add value-added features to turn borrowers into savers and to test new channels to reach additional customer segments while aiming to be a leader in financial support and guidance. The business has grown to 500,000 users and customers have paid off more than £225m in credit cards and overdraft debt. Management expects to reach profitability in 2024 and to reinvest in its platform business. Updraft is a UK financial app that leverages Open Banking to build a complete view of users' spending across credit cards, overdrafts, loans, and BNPL products. The company applies behavioral science and machine learning to deliver empathic, in‑app messaging and personalised advice to help members avoid costly credit and change habits. Updraft reports it has served more than 85,000 UK clients and is focused on ongoing growth. Proceeds from the recent raise will support expansion, the addition of new features to curb impulse purchasing, and efforts to reduce members' reliance on high‑interest borrowing. The firm aims to lend £200 million to UK consumers next year and is acquiring additional equity to scale operations. Financially, the company completed a £72 million equity and debt round, building on a £16 million raise closed last year. Updraft is a part-lending, part-credit-report and part-financial-planning app that builds a 360-degree picture of users' spending and borrowing using open banking and credit report data. The app identifies expensive, spend-linked borrowing—credit cards, overdrafts and buy-now-pay-later—and offers interventions including 'Updraft Credit', a lower-cost loan to pay off high-interest debts. Updraft is available now on iPhone, with an Android version soon to follow. The company was founded by Aseem Munshi; the founding team includes David Yalland (Chief Product Officer) and Matt Millar (Chief Technology Officer), with Greg Detre heading data science and Andrés Castaño leading mobile. Updraft has an advisory board including Mat Braddy, Philip George and Sanjiv Sud. Financially, Updraft secured £16m in a mix of equity and debt financing, with Quilam Capital leading on the debt side and the UK Government’s Future Fund participating via a convertible loan note alongside high-net-worth investors.