This week’s UK tech funding deals include newly crowned femtech unicorn Flo, financial large language model developer Aveni and flexible energy startup Axle Energy.
UKTN tracked £257.5m worth of UK tech investment this week (29 July to 2 August), a 125.5% week-on-week increase across 15 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Flo – £156m
Sector: Health tech
HQ: London
Round: Series C
Funding type: Equity
Investors: General Atlantic
Founded in 2016, Flo is an app covering every stage of a woman’s health goals. The Flo platform monitors symptoms associated with menstruation, conception, pregnancy and menopause.
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Healx – £37m
Sector: Health tech
HQ: Cambridge
Round: Series C
Funding type: Equity
Investors: R42 Group, Atomico, Balderton, Jonathan Milner, Global Brain, btov, Ayana Capital, o2h and VU Venture Partners
Founded in 2014, Healx is using AI to discover new drugs for the world’s rarest diseases.
Zoe – £11.7m
Sector: Health tech
HQ: London
Round: Series B
Funding type: –
Investors: Co-efficient Capital
Founded in 2017, Zoe is a wellness app that provides personalised healthcare and nutrition programmes to users.
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Aveni – £11m
Sector: Fintech/AI
HQ: Edinburgh
Round: Series A
Funding type: Equity
Investors: Puma Private Equity, Scottish Enterprise, Par Equity, Lloyds Bank and Nationwide
Founded in 2018, Aveni develops large language models (LLMs) for the financial services industry.
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Axle Energy – £9m
Sector: Energy
HQ: London
Round: Seed
Funding type: –
Investors: Accel, Picus Capital, Ekta Ventures and angels
Founded in 2023, Axle Energy develops software to connect devices such as EVs, heat pumps and solar panels to flexible energy grids.
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Female Invest – £8.7m
Sector: Fintech
HQ: London and Copenhagen
Round: Series A
Funding type: –
Investors: Republic EuropeRubio Impact Ventures and Educapital
Founded in 2019, Female Invest is a subscription-based financial education platform aiming to increase the number of women in investing.
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Shot Scope – £6.6m
Sector: Sports tech
HQ: Edinburgh
Round: Series B
Funding type: Equity/debt
Investors: Guinness Ventures, Scottish Enterprise, Growthdeck, The SideBySide Partnership, Equity Gap and Virgin Money
Founded in 2014, Shot Scope develops various performance-tracking devices and digital tools to improve golfing performances.
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Komi – £5.5m
Sector: Marketing
HQ: Manchester
Round: Growth equity VC
Funding type: Equity
Investors: Business Growth Fund
Founded in 2015, Komi works with advertisers to launch digital marketing campaigns in partnership with content creators.
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CorrisionRADAR– £5m
Sector: Energy / IoT
HQ: Cambridge
Round: –
Funding type: Equity
Investors: Aramco Ventures, Dow, Kanoo Ventures, Mercia Ventures via the Midlands Engine Investment Fund
Founded in 2017, CorrisionRADAR develops sensors to monitor equipment for corrosion in the oil, gas and petrochemical industries.
Lovetovisit – £3.2m
Sector: Travel tech
HQ: Cardiff
Round: –
Funding type: Equity
Investors: Venrex, Redrice Ventures, Active Partners, Velocity Partners, and angels
Founded in 2021, Lovetovisit uses a proprietary API to allow users to book tickets to attractions across the UK at what it claims is the guaranteed lowest price.
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Luminous XR – £1m
Sector: Virtual reality
HQ: Newcastle
Round: Seed
Funding type: Equity
Investors: North East Venture Fund
Founded in 2006 as a 3D mapping startup called Digital Surveys, Luminous XR rebranded in 2016, pivoting to immersive VR training technology.
Chromacity – £1m
Sector: Deep tech
HQ: Edinburgh
Round: Seed
Funding type: –
Investors: Scottish Enterprise Growth Investments, Kelvin Capital and Eos Advisory
Founded in 2013, Chromacity develops ultrafast lasers with applications in quantum, microscopy, spectroscopy and more.
Stairpay – £750,000
Sector: Proptech
HQ: London
Round: Pre-seed
Funding type: –
Investors: Fuel Ventures, Heartfelt Ventures and angels
Founded in 2022, Stairpay is a platform aiming to simplify the process of shared ownership for first-time buyers.
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Definely – £585,000
Sector: Legal tech
HQ: London
Round: Grant
Funding type: Grant
Investors: Innovate UK
Founded in 2017, Definely is a tool for lawyers to create, draft and review legal documents.
Neupulse – £500,000
Sector: Health tech
HQ: Nottingham
Round: Follow-on investment
Funding type: Equity
Investors: Midlands Engine Investment Fund II, facilitated by Mercia Ventures.
Founded in 2021, Neupulse is a University of Nottingham spinout that has created a wristband device to help control involuntary movements caused by Tourette’s syndrome.
The post UK tech funding roundup: This week’s deals from Flo to Neupulse appeared first on UKTN.
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