This week’s UK tech funding deals include online vehicle retail service Carwow, AI-powered savings and investment app Plum, digital recruitment platform Tech1M and more.
UKTN tracked £114.2m worth of UK tech investment this week (22 July to 26 July), a 10% week-on-week decrease across 11 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Carwow – £41m
Sector: Automotive/ecommerce
HQ: London
Round: Series E
Funding type: Equity
Investors: Bessemer Venture Partners, Accel, Balderton, Episode 1, and Vitruvian
Founded in 2013, Carwow is an online marketplace for vehicles.
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Sokin – £24m
Sector: Fintech
HQ: London
Round: –
Funding type: Equity
Investors: Morgan Stanley Expansion Capital, Aurum Partners and angels
Founded in 2019, Sokin is an international remittance provider for businesses. It offers payments in over 100 currencies.
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Plum – £16m
Sector: Fintech
HQ: London
Round: Series B
Funding type: Equity
Investors: iGrow Venture Capital, Venture Friends, Ventura Capital and Eurobank
Founded in 2016, Plum is a personal finance app that uses AI to automate saving and investments.
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Fractile – £12m
Sector: AI/semiconductors
HQ: London
Round: Seed
Funding type: –
Investors: Kindred Capital, NATO Innovation Fund and OSE
Founded in 2022, Fractile is building semiconductors for AI models
Primary Portal – £7.5m
Sector: Fintech
HQ: London
Round: Series A
Funding type: Equity
Investors: DB1 Ventures, Dutch Founders Fund and Flow Traders
Founded in 2020, Primary Portal is an equity capital markets platform that digitises processes for asset managers and banks
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4D Medicine – £3.4m
Sector: Health tech
HQ: Nottingham
Round: Series A
Funding type: Equity
Investors: Oshen Holdings, DSW Ventures, SFC Capital, Boundary Capital and angels
Founded in 2020, 4D Medicine develops biomaterial for 3D printed implants and surgical devices.
Ocula – £3.25m
Sector: AI/ecommerce
HQ: Belfast
Round: Series A
Funding type: Equity
Investors: Praetura Ventures, Castlenau Group and Lloyds Banking Group
Founded in 2021, Ocula has developed a large language model tool to improve the SEO of ecommerce sites
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FuturePlus – £2.7m
Sector: Climate tech
HQ: London
Round: Seed
Funding type: –
Investors:
Founded in 2020, FuturePlus, part of the Sustainability Group, is an ESG reporting platform.
FinLegal – £2m
Sector: Legal tech
HQ: Sheffield
Round: Growth equity VC round
Funding type: Equity
Investors: British Business Bank via the Northern Powerhouse Investment Fund II managed by Mercia Equity Finance
Founded in 2019, FinLegal is an online portal for automated legal claims.
Jarvis – £1.8m
Sector: Fintech
HQ: London
Round: Seed
Funding type: Equity
Investors: Ascension VC, Cornerstone VC and Tokio Marine Future Fund
Founded in 2022, Jarvis is a tool to manage personal and workplace pensions and plan for retirement.
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Tech1M – £581,000
Sector: Recruitment
HQ: London
Round: Pre-seed
Funding type: –
Investors: SFC Capital, Techstars, Tech Nation, Barclays Eagle Labs, HSBC Innovation Banking, ICE Network, Vantage, 1000 Black Voices, Foundervine, and GrowLondon Global
Founded in 2022, Tech1M is a recruitment software platform that uses AI to automate aspects of the hiring process.
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The post UK tech funding roundup: This week’s deals from Carwow to Tech1M appeared first on UKTN.
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