This week’s UK tech funding deals include Oscar-winning visual effects firm DNEG, AI-powered architectural diagram-generating tool Gendo, ecommerce analytics firm Vortex IQ and more.
UKTN tracked £265.3m worth of UK tech investment this week (1 July to 5 July), an 86% week-on-week increase across 10 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
DNEG – £158m
Sector: VFX
HQ: London
Round: Post-IPO equity round
Funding type: Equity
Investors: United Al Saqer Group – backed by the United Arab Emirates royal family
Founded in 1998, DNEG is an Oscar-winning visual effects studio that develops CGI for the entertainment industry.
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PortSwigger – £88m
Sector: Cybersecurity
HQ: Cheshire
Round: Growth equity VC
Funding type: Equity
Investors: Brighton Park Capital
Founded in 2008, PortSwigger is a suite of security tools to test the vulnerability of digital systems.
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Natcap – £7.8m
Sector: Climate tech
HQ: London
Round: Series A
Funding type:
Investors: André Hoffmann, Norinchukin Capital, Yeo Ventures, Pelican Ag, David Craig, Oxford Science Enterprises
Founded in 2018, Natcap uses environmental data to set nature targets and manage climate reporting for corporate clients.
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Zedify – £4m
Sector: Mobility
HQ: London
Round: Series A
Funding type: Equity
Investors: Mercia Ventures and Midlands Engine Investment Fund, Barclays Sustainable Impact Capital, Green Angel Ventures
Founded in 2018, Zedify’s fleet of electric cargo bikes is used with retail brands such as Zar and parcel carriers to deliver packages.
TRIVER – £2.5m
Sector: Fintech
HQ: London
Round: –
Funding type: Convertible bridge loan
Investors: Existing backers
Founded in 2022, TRIVER uses open banking to provide short-term working capital to small businesses.
Cambridge Electric Cement – £2.25m
Sector: Climate tech
HQ: Cambridge
Round: –
Funding type: Convertible bridge loan
Investors: Legal & General, Cambridge Enterprise Ventures, Parkwalk Advisors, Delph25, Almanac Ventures, Zero Carbon Capital
Founded in 2022, Cambridge Electric Cement is a spinout from the University of Cambridge that has created a low-carbon cement production method.
Gendo AI – £855,000
Sector: AI
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: Concept Ventures, Ascension Ventures, Baobab Ventures and angels
Founded in 2022, Gendo AI generates detailed architectural visualisations based on sketches and text prompts.
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Vortex IQ – £790,000
Sector: Ecommerce
HQ: London
Round: Seed
Funding type: Equity
Investors: Sure Valley Ventures and Techstars
Founded in 2023, Vortex IQ has developed an automated analytics tool for online merchants.
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Saltroad – £575,000
Sector: Health tech
HQ: Lisburn
Round: Pre-seed
Funding type: Equity
Investors: Techstart Ventures and Ascension VC
Founded in 2023, Saltroad has created an online platform to match parents with qualified speech and language practitioners to assist children with speech therapy.
OpenFi – £500,000
Sector: AI
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: Bijan Morvaridi, Fortune Green Capital and Foundation Ventures
Founded in 2023, OpenFi is a conversational AI platform used for lead generation and customer service.
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The post UK tech funding roundup: This week’s deals from DNEG to OpenFi appeared first on UKTN.
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