This week’s UK tech funding deals include digital health firm Huma, AI due diligence tool Xapien, SME business account provider Waymo and more.
UKTN tracked £127.5 worth of UK tech investment this week (15 July to 19 July), a 379% week-on-week increase across 15 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Huma – £62m
Sector: Health tech
HQ: London
Round: Series D
Funding type: –
Investors: AstraZeneca, Hitachi Ventures and Leaps by Bayer
Founded in 2011, Huma develops remote patient monitoring systems for pharmaceutical companies.
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Naked Energy – £17m
Sector: Energy
HQ: Crawley
Round: Series B
Funding type: Equity
Investors: E.ON Energy Infrastructure Solutions, Barclays
Founded in 2009, Naked Energy has developed modular solar panels that it claims have the world’s highest solar energy density.
Bioniq – £11.6m
Sector: Health tech
HQ: London
Round: Series B
Funding type: –
Investors: Principal Investors HV Capital and Unbound
Founded in 2019, Bioniq produces personalised supplements.
Xapien – £8m
Sector: AI
HQ: London
Round: Series A
Funding type: Equity
Investors: YFM Equity Partners
Founded in 2018, Xapien has developed a platform for businesses to conduct due diligence checks on prospective partners.
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CultureAI – £7.7m
Sector: Cybersecurity/AI
HQ: Manchester
Round: Series A
Funding type: Equity
Investors: Mercia Ventures, Smedvig Ventures, Passion Capital and Senovo
Founded in 2018, CultureAI develops software for businesses to manage cyber risks from employee behaviour
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Instinct Digital – £5m
Sector: Fintech
HQ: London
Round: Series A
Funding type: Equity
Investors: AlbionVC
Founded in 2003, Instinct Digital is a cloud-based SaaS platform acquires and aggregates investment reporting assets from a variety of sources.
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Haruko – £4.6m
Sector: Blockchain
HQ: London
Round: Series A
Funding type: –
Investors: White Star Capital and MMC Ventures
Founded in 2021 Haruko provides asset managers, hedge funds and family offices with a platform to manage both centralised and decentralised digital asset investments.
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Wamo – £3.8m
Sector: Fintech
HQ: London
Round: Series A bridging round
Funding type: Equity
Investors: Logo Ventures, Finberg and Re-Pie Asset Management
Founded in 2021, Wamo is a digital business account provider for SMEs.
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Hey Savi – £2.2m
Sector: Fashion tech
HQ: London
Round: Pre-seed
Funding type: –
Investors: Angels
Founded in 2023, Hey Savi is an AI-powered fashion search and recommendation platform.
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Edit Cloud – £2m
Sector: SaaS
HQ: London
Round: Seed
Funding type: –
Investors: Edge VC
Founded in 2022, Edit Cloud develops post-production software for film and television.
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xWatts – £1.4m
Sector: Energy
HQ: Cambridge
Round: Pre-seed
Funding type: Equity
Investors: Antler, Cambridge Enterprise, Parkwalk Advisors, R42 Group, angel investors
Founded in 2022, xWatts is a startup that has created an energy optimisation platform to reduce costs and emissions.
Luscid – £1m
Sector: SaaS
HQ: London
Round: Seed
Funding type: –
Investors: Angels
Founded in 2022, Luscid is a startup that has developed a software platform for brands to find and track sponsorship opportunities using data-driven insights
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Briefly Bio – £925,000
Sector: Life science
HQ: London
Round: Seed
Funding type: –
Investors: Compound VC, NP Hard, Tiny VC and angels
Founded in 2022, Briefly Bio develops software to help make lab work reproducible for other scientists.
Permia Sensing – £150,000
Sector: Agritech
HQ: London
Round: Seed
Funding type: –
Investors: The British Design Fund
Founded in 2021, Permia Sensing develops IoT, AI and sensor technology for palm plantations.
Spotlight Pathology – £125,000
Sector: Health tech/AI
HQ: Daresbury
Round: Seed
Funding type: Equity
Investors: LYVA Labs
Founded in 2020, Spotlight Pathology develops AI tools for diagnosing blood cancer.
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