This week’s UK tech funding sees substantial growth with a remarkable 162% increase in investments, accumulating £343.2m through various funding rounds.
- Lighthouse, a travel analytics platform, secures additional funds in a Series C round, leveraging data insights in travel and hospitality.
- Goodstack, a fintech company that manages corporate charitable donations, advances with a Series A round, attracting key investors.
- Climate tech firm DEScycle continues its mission of recycling e-waste with new Series A funding from notable investors.
- The health tech sector flourishes as Cytomos and Silveray secure significant investment rounds for cell analysis and innovative X-ray technology, respectively.
UK tech startups experienced an impressive surge in funding this week, amassing £343.2m in investments, which marked a notable 162% increase compared to the previous week. This financial uptick unfolded across eight distinct funding rounds, illustrating confidence and interest in the UK tech scene.
Lighthouse, a platform pioneering in travel analytics, successfully closed a Series C funding round. Established in 2012, the London-based company benefits the travel and hospitality sectors by providing crucial data insights. Backed by investors like KKR and Spectrum Equity, Lighthouse continues to solidify its market presence.
In the fintech arena, Goodstack, founded in 2017, reached a significant milestone with its Series A funding round. The platform, focused on managing corporate charitable donations, drew investments from prominent firms such as General Catalyst and Morpheus Ventures. This funding is set to enhance their operational capabilities and impact.
DEScycle, a London-based climate tech firm, made strides in its mission to recycle electronic waste. The company, founded in 2018, secured Series A funding from investors including BGF and Cisco Investments, which will support their efforts in sustainable technology solutions.
The healthcare innovation sector witnessed noteworthy investment, with Cytomos and Silveray leading advancements. Cytomos, located in Edinburgh, drew funds from entities like Archangels, enhancing its advanced cell analysis platform. Meanwhile, Silveray, based in Manchester, received seed funding to further develop its novel X-ray technology, offering a cheaper and more efficient alternative to traditional methods.
Also in London, Tewke, a climate tech startup founded in 2020, gained attention with its seed funding aimed at developing smart energy solutions for homes. Their innovative touchscreen light switch is designed to optimize home energy use, aligning with sustainability goals.
Heim Health, another health tech player in London, garnered seed funding to improve its software platform that simplifies clinical care tasks, enabling better healthcare delivery. Investors like Heal Capital have shown strong support for this venture.
In the fashion tech industry, Manny AI, launched in 2023, achieved pre-seed funding. This London-based company utilizes automation to streamline garment production, attracting investors such as Dreamcraft Ventures and Alante Capital.
The robust investment levels this week reflect strong confidence in the UK’s tech sectors, fostering innovation and growth across various industries.
