In a remarkable week for UK tech, investments have soared, injecting vital capital into various sectors.
- London-based digital bank Zopa secured new funding, signaling expansion plans for 2025.
- Legal tech company Lawhive advances with substantial backing from Google Ventures and others.
- Argo Blockchain raises capital to enhance its Bitcoin mining operations.
- Food tech startup Cerve aims to transform the food supply chain with new financial support.
This week marked an impressive financial influx into the UK tech sector, with total investments reaching £147.7 million, a substantial increase compared to the previous week. The fintech sector led the charge, particularly with London-based Zopa, which boasts over a million customers. With new funding from investors including Danske Bank and existing partners, Zopa eyes a bold entry into current accounts by 2025.
9fin, another fintech contender, is expanding its debt capital markets analytics platform. Backed by prominent investors such as Highland Europe and Spark Capital, 9fin caters to more than 200 institutional clients managing assets valued at over $17 trillion. This new Series B round, supported by multiple investors, marks a pivotal moment in its growth trajectory.
In the legal sector, Lawhive has garnered notable attention, raising funds in a Series A round with contributions from high-profile investors such as Google Ventures. Established in 2021, Lawhive’s development of an AI language model revolutionizes administrative legal tasks, increasing efficiency and reducing bureaucracy.
Argo Blockchain, a key player in the crypto sector, has embraced a strategic capital raise through the London Stock Exchange. This funding aims to support the partial relocation or sale of its Bitcoin mining equipment situated in Texas while continuing its operations in Quebec. An unnamed institutional investor facilitated this capital boost.
Cerve, a promising startup in the food tech field, has secured seed funding from investors including SuperSeed and The First Thirty. The company’s mission to standardize the global food supply chain through advanced API tools is now reinforced by this fresh injection of capital.
This week’s funding activities underscore the dynamic growth and diverse opportunities within the UK tech industry.
