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UpDraft

UpDraft

Private
Chattanooga, TennesseeEnterprise Softwarehttps://tryupdraft.com/

Last Round

VC Round

Dec 20, 2023

Total Funding Raised

$468.2M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

UpDraft is an artificial intelligence company that provides a virtual technical accounting expert and agentic work platform for corporate accounting teams and accounting firms.

Sector

Enterprise Software

Verticals

Accounting & Expense, Compliance & Risk, Workflow Automation, NLP & Conversational AI, Document Management

Business Model

B2B

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

technical accountingaccounting automationAI accounting agentaccounting copilotUS GAAPIFRSfinancial modelingcompliance workflowcontract analysisaudit automationAI agentCPA softwaredocument automationB2B SaaSAI for finance

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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UpDraft Comparables

Compare UpDraft with similar companies based on industry and business-model similarity.

UpDraft comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
GAAP IQ
86%
Finrep
86%
Trullion
82%

UpDraft Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundDec 20, 2023
DebtDec 20, 2023
Series ADec 19, 2022
DebtDec 19, 2022
VC RoundOct 20, 2021
Early Funding
Dec 3, 2020

Key People

Founding team and executive leadership

Fernando Cabral

Co-Founder & CTO

Founding Team

Tim LaBelle

Co-Founder & CEO

Founding Team

UpDraft Investors

Notable investors and investment history

UpDraft investors
InvestorRounds
Faber CapitalSeries A
Auluk InvestmentsVC Round, Series A
LC Nueva Investment PartnersSeries A
Quilam CapitalVC Round, Early Funding
MoreThan CapitalVC Round

Market signals

Structured signals derived from secondary market and firmographic data.

  • Aug 20, 2026

    Monthly visitors increased 56% month-over-month.

  • May 15, 2026

    Monthly visitors increased 59% MoM, reaching 1.4K.

UpDraft Filings

Explore SEC and related filing metadata, where available.

UpDraft filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about UpDraft's valuation, stock price, and market status.

Is UpDraft a public or private company?

UpDraft is a private company.

What is the current stock price of UpDraft?

UpDraft is a private company with no public stock price. No recent secondary market data is available.

How much is UpDraft worth (valuation)?

Valuation information for UpDraft is not publicly available.

Can I buy UpDraft stock?

UpDraft shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was UpDraft's last funding round?

Funding round information for UpDraft is not publicly available.

Who are the main investors in UpDraft?

Investor information for UpDraft is not publicly disclosed.

Will UpDraft IPO soon?

No public IPO plans have been announced for UpDraft.

How can I track UpDraft secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor UpDraft's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersChattanooga, Tennessee
Employee Range12
Year Founded2024
Last FundingDec 20, 2023

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