Fundraising Rounds / Funding News

London-based health-tech startup Sava has raised $36 million (€32 million) in Series B funding to bring a new type of glucose monitor closer to market, combining fresh investment with a commercial partnership that could help it reach patients across Europe. Announced on 9 October 2026, the round was led by Ascensia Diabetes Care, with participation from Balderton Capital, Norrsken VC, Simplyhealth Ventures, JamJar Investments, Pentland Ventures and other investors. The funding brings Sava's total raised to $68 million. The announcement also included a European commercialisation and distribution agreement with Ascensia, a diabetes-care business within PHC Group. That means…

Moving money internationally is becoming easier, but converting it between currencies remains a costly problem for payment providers. London fintech startup IMMIX has raised £2.6 million to tackle that challenge, using AI-powered pricing and institutional trading infrastructure to make stablecoin conversions more efficient. Announced on 8 October 2026, the funding came from Crane Venture Partners, BTSE and Portfolio Ventures. The company plans to use the capital to improve its pricing technology, expand liquidity and grow its network of payment partners. The problem goes beyond moving moneyStablecoins are digital assets designed to maintain a relatively stable value, ofte…

A UK quantum computing startup has secured more than €89 million in Series A funding as investors back its attempt to solve one of the technology's biggest challenges: building machines powerful enough to tackle real-world problems. Brighton-based Universal Quantum, a spin-out from the University of Sussex, announced the round on 8 October 2026. The investment is worth more than $100 million and has been described as the largest Series A raised by a UK quantum computing company. The round was co-led by US investment firm DCVC and Firgun Ventures, with participation from Singapore's EDBI, Australia's Main Sequence, Nauta Capital and several other investors. Roblox co-found…

Europe’s AI startup market is attracting plenty of attention, but the biggest opportunities may not always be the companies building the most visible AI products. DIG Ventures has closed its third fund at $120 million, with plans to back around 30 European pre-seed and seed-stage companies building the infrastructure behind AI and enterprise software. The London-based venture firm is targeting areas such as data, identity, compliance and orchestration. Its thesis is fairly simple. As AI makes software faster and cheaper to build, the companies providing the underlying infrastructure could become increasingly important. A $120m bet on the foundations of AIFund III is backe…

London-based recruitment technology company Metaview has raised £45 million in Series C funding as it looks to push AI further into the hiring process and reduce the amount of manual work recruiters deal with every day. The round was led by Insight Partners, with participation from GV, Intrepid Growth Partners, Seedcamp, Vertex Ventures US, Plural and Garuda Ventures. The funding brings Metaview's total raised to nearly £85 million, or $110 million, according to the company. Founded in 2018 by Siadhal Magos and Shahriar Tajbakhsh, former leaders at Uber and Palantir, Metaview initially focused on capturing and analysing job interviews. It has since expanded into a broader…

London-based space technology startup Foundational has raised £8.2 million in pre-seed funding to scale technology that can track satellites and space debris with millimetre-level precision. The round, described as the largest pre-seed raise by a European space technology company to date, was backed by Inflection, BACKED, Final Frontier, Adjacent and Type One Ventures. The funding will help Foundational expand its ground-station network, increase production of its space-based hardware and develop its satellite positioning data platform. Founded in 2025 by Hira Virdee and Dave Gooding, Foundational is tackling a problem that is becoming increasingly important as more satel…

London-based biotech company Basecamp Research has raised £105 million in an oversubscribed Series C to develop medicines using frontier AI models trained on biological data from around the world. The round was led by S32, with backing from Anthropic's Anthology Fund, Catalio Capital Management, European Tech Collective, Firebrand River Capital, Inception Fund, King Philanthropies, NATO Innovation Fund, NVIDIA, Redalpine, The Rockefeller Foundation, Singular, Sovereign AI and True Ventures. Senior figures from the pharmaceutical and biotech industries also participated, including André Hoffmann, Vice-Chairman of Roche. Training AI on the world's biological dataBasecamp Re…

London-based fitness technology company MAGIC AI has raised £8.3 million in Series B funding to accelerate its expansion across the United States and develop the technology behind its AI-powered fitness mirror. The round was co-led by Beringea and existing investor IW Capital, with participation from PXN Group, Accelerate Ventures, Ventures Together and Active Partners. The investment takes MAGIC AI's total funding to £15 million. Bringing AI coaching into the homeMAGIC AI's flagship product is a wall-mounted smart fitness mirror that combines computer vision, generative AI and holographic coaching. Its ReflectAI technology tracks how users move, counts repetitions and pr…

London-based deep tech company StandardX has raised £10 million in seed funding to tackle a growing supply problem affecting medicine, energy and other advanced industries. The round was led by Vsquared Ventures and East X Ventures, with additional backing from firstminute capital, the UK Innovation and Science Seed Fund managed by Future Planet Capital, Brevan Howard Macro Venture and Geometry. Building a new isotope supply chainStandardX is developing an accelerator-based refinery designed to manufacture rare isotopes at commercial scale. Isotopes are critical to areas including cancer diagnosis, radiopharmaceuticals, medical research and energy. Yet production today re…

Manchester-based payments platform Ryft has raised £20 million in Series B funding as it prepares to expand across Europe and the US and accelerate the development of its payments infrastructure. The round was led by Gresham House Ventures, with backing from existing investors Pembroke VCT and Ingenii Capital. The Northern Powerhouse Investment Fund II, managed by British Business Bank subsidiary British Business Bank Investments, also participated through PXN Ventures. Founded in 2021 by Sadra Hosseini, Alex Mackenzie and Richard Kirby, Ryft builds payment technology for marketplaces, platforms and multi-location businesses. Its platform helps companies handle complicate…

Leeds-based food technology startup MicroLub has raised £7.5 million in new funding as it looks to take its protein-based ingredient technology into more international food markets. The equity round was led by Northern Gritstone, with all of MicroLub’s existing investors also participating. The company is a spinout from the University of Leeds and has developed patented technology designed to replicate the lubrication and mouthfeel normally provided by fats and oils. The technology addresses a problem that food manufacturers have struggled with for years. Reducing fat or calories can often change the taste, texture and overall eating experience of a product. MicroLub's ap…

Open Cosmos has raised £260 million in funding in a round led by Lightrock as the UK space company looks to expand its satellite manufacturing, connectivity and real-time intelligence capabilities across Europe. The Oxford-based company designs, builds and operates satellite missions from end to end. Its customers include governments, space agencies and large energy and infrastructure businesses that use its technology for secure communications, Earth observation and operational intelligence. The new funding brings together a broad group of investors, including ETF Partners, Institut Català de Finances, Entrepreneurs First, Phoenix Court, the National Security Strategic I…

Jack & Jill has raised £30 million in Series A funding led by Air Street Capital as the London-based startup looks to change how candidates and companies connect in the hiring market. Founded in March 2025 by Matt Wilson and Saaras Mehan, Jack & Jill uses two AI agents to represent both sides of the recruitment process. Jack works with people looking for their next role, while Jill works with companies hiring for open positions. When both agents identify a strong match, the candidate is introduced directly to the hiring manager rather than going through a traditional application. The Series A included new investors Madrona and Antler, alongside existing backers in…

Unit1 Studio has raised £20 million in new funding as the London-based music technology company looks to make avatar concerts easier and more affordable to produce across different venues. The funding includes an oversubscribed equity round led by Balderton Capital, alongside additional production financing for concerts currently in development. Existing backers including Mercuri, Gilston Music and music executive Paul McGuinness also participated. Unit1 Studio is developing immersive concerts that combine highly realistic digital avatars with live musicians, physical sets, lighting and other production elements. The company is targeting artists who can no longer tour, as…

UK deep tech company SCI Semiconductor has raised £5 million to accelerate the development of computer chips designed to prevent one of the biggest sources of cybersecurity vulnerabilities. The Sheffield-based company develops memory-safe semiconductor technology that builds security directly into hardware. The latest equity round was led by PXN Ventures and Mercia Ventures, with participation from Osney Capital, Black Opal Ventures and private investors. The round follows a £2.5 million investment last year, giving SCI additional capital to expand its engineering team and move its technology further towards commercial adoption. Tackling a Problem Inside the ChipSCI Semic…

London-based cybersecurity startup HelmGuard has raised £5.4 million in seed funding to expand its AI-powered approach to governance, risk and compliance. The round was co-led by Infinity Ventures and Frontline, with participation from FinTech Collective, Stage 2 Capital and Entrepreneurs First. HelmGuard is tackling a problem that has become increasingly difficult for businesses to manage as technology becomes more complex. Moving Beyond Compliance PaperworkCompanies in financial services, insurance, healthcare and other regulated industries spend huge amounts of time collecting documents, completing questionnaires and reviewing evidence to assess security and compliance…

London-based manufacturing technology company CloudNC has raised £15 million in new funding to expand its AI-powered software for precision machining and tackle some of the biggest bottlenecks holding manufacturers back. The equity round is led by Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First and Lockheed Martin Ventures. The investment comes as CloudNC moves from early adoption towards broader commercial growth. AI Meets the Factory FloorCloudNC's flagship product, CAM Assist, uses AI to help machine shops create CNC machining strategies and toolpaths. Normally, this process requires experienced machinists and programmers to make a…

European startups are getting another major source of growth capital as Claret Capital Partners closes its fourth growth debt fund at €575 million, surpassing its original €500 million target. The London-based investment firm announced the final close of Claret European Growth Capital Fund IV on 7 September, with €440 million in fund commitments and a further €135 million through affiliated discretionary mandates. The raise takes Claret’s total capital raised since launch to around €1.3 billion. The fund will provide growth debt to companies across technology, life sciences and impact sectors, with financing typically ranging from €2 million to €100 million. Claret says F…

Clean Growth Fund has secured £81.5 million at the second close of its latest venture capital fund, putting it more than halfway towards a £150 million target for investment in the UK's next generation of climate technology companies. The fund will invest in 25 UK startups at Seed to Series A, backing businesses developing technologies designed to reduce carbon emissions and support the country's transition towards a lower-carbon economy. The latest close was anchored by a £22.5 million commitment from Border to Coast Pensions Partnership's UK Opportunities Fund, while Strathclyde Pension Fund added a further £10 million to its existing commitment. For founders, the signi…

London-based cleantech startup Ki 13 has raised £3.7 million in seed funding to scale its technology for producing green hydrogen and biogenic CO₂ from biomass, targeting one of the biggest cost barriers facing synthetic fuels. The round was led by HICO Investment Group, with participation from Burgest, Triple Impact Ventures, GiTV and Desai Ventures, alongside non-dilutive match funding from Innovate UK. The company was previously known as Ki Hydrogen. The new funding will help Ki 13 build an industrial pilot plant and test its biomass electrolysis technology at a much larger scale ahead of commercial deployment. Tackling the Cost of Synthetic FuelsSynthetic fuels such a…

UK property technology company Reapit has secured more than £20 million in growth funding from Accel-KKR as it looks to accelerate the use of artificial intelligence across the estate agency sector. The investment will support development across Reapit's core platform, consumer technology and AI capabilities. Combined with its existing research and development spending, the company says it will now invest more than £40 million a year in innovation. For a business operating in a traditionally process-heavy industry, the size of that commitment is significant. Moving Beyond the Property TransactionReapit has spent more than 25 years building software used by estate agencies…

UK healthtech company Scan.com has raised £165 million in combined equity and debt financing as it accelerates its expansion across the US and aims to build a national infrastructure layer for medical imaging. The funding includes a £65 million Series C equity round led by Noteus Partners, with participation from Aviva, Concord Health Partners, YZR Capital and Oxford Capital. A further £100 million in debt facilities from VerisFi Capital and Atempo Growth will support acquisitions and working capital. The raise comes as Scan.com reports that revenue has doubled over the past year, passing a $165 million annualised run rate, while more than 900,000 patients have accessed c…

UK healthtech startup Strolll has secured £4.3 million in new funding to accelerate its work using augmented reality to improve neurorehabilitation for people living with neurological conditions. The Stafford-based company has secured £3.6 million through an Innovate UK innovation loan and a further £700,000 Growth Catalyst Investor Partnerships award. Alongside the funding, Strolll has also raised more than £1 million in private investment led by IW Capital, with participation from Cleveland Clinic and Future Planet Capital Regional. The structure is worth noting. Rather than relying entirely on equity, Strolll is combining government-backed finance, grant funding and pr…

London-based AI governance startup AI Score has raised £4 million in seed funding to help businesses monitor and control how generative and agentic AI is being used across their organisations. The round was led by Fuel Ventures, with continued backing from founding investor GALLOS Technologies. The round also includes Alan Morgan, co-founder of MMC Ventures, and Mo El Husseiny, Managing Partner at Ventura Capital. Why AI Governance Is Becoming a Bigger ProblemAI adoption is moving faster than many businesses can keep track of. Employees are using generative AI tools, while companies are increasingly experimenting with autonomous agents that can make decisions, access syst…

Physical AI is moving from research labs into factories, vehicles, healthcare and robotics, but a growing hardware problem could slow that progress. Every new semiconductor component can require developers to spend significant time reading technical documentation and writing integration code. London-based Embedd is tackling that bottleneck after raising £2 million in pre-seed funding, led by Seedcamp, with participation from Cocoa Ventures, Connect Ventures, 2100 Ventures, Vesna Capital, U.ventures, Underline Ventures, Common Magic and Roosh Ventures. Building infrastructure for physical AIFounded by Ukrainian entrepreneurs Michael Lazarenko, Maxim Gorinov and Valentin Go…

The pressure on electricity grids is growing as homes become more electrified, extreme weather increases demand and energy-intensive industries such as AI data centres require more power. UK energy management startup Boldr believes part of the answer could already be sitting inside millions of homes. The company has raised £3.6 million in Pre-Series A funding, led by Unconventional Ventures, with participation from Ada Ventures, Tetrad Ventures, Davidovs Venture Collective, Roxbury Asset Management, Inclimo Climate Tech Fund, Prosegur, Techstars and S20 Fund, alongside strategic investors from the North American HVAC industry. Turning home heating into grid capacityFounde…

Investment firms have access to enormous amounts of financial data, but turning that information into useful research, risk analysis and portfolio decisions can require expensive teams and complex infrastructure. London-based Itoflow wants to change that. The fintech startup has raised £1.8 million in pre-seed funding, led by Balderton Capital, with angel investors including Barney Hussey-Yeo, founder and CEO of Cleo. Founded in 2026, Itoflow is building AI agents that learn how individual investment firms research opportunities, manage risk and review portfolios. Turning an investment strategy into AI workflowsThe idea behind Itoflow is different from simply giving inves…

The global beef industry is facing a difficult combination of rising demand, shrinking cattle numbers and pressure to become more efficient. UK-founded agtech startup Breedr is betting that better data can help producers get more value from every animal. The precision livestock platform has raised £20 million in Series B funding, led by Partech through its impact fund, with participation from Latitude and Outsiders Fund. The round brings Breedr's total funding to $46.6 million. Turning every animal into a digital recordFounded in 2018 by Ian Wheal, Breedr gives each animal a digital record that follows it from birth through the supply chain. The platform tracks informatio…

Renewable energy is becoming cheaper and more widespread, but one major problem remains. The sun does not always shine, the wind does not always blow, and electricity grids need reliable power when renewable generation drops. UK energy storage startup Certain Energy is tackling that challenge after raising £10 million in Series A funding, led by the British Business Bank, with participation from Centrica, Ceres Power Holdings and Temasek Trust's Catalytic Capital for Climate and Health. The company, formerly known as RFC Power, is developing manganese-based flow batteries designed to store renewable electricity for hours to days, providing a potential alternative to conve…

Enterprise AI is advancing quickly, but many businesses face a less glamorous problem before they can make the most of it. Their data is fragmented across hundreds of systems, making it difficult for people and AI tools to understand what is happening across the organisation. London-based Prevalent AI is tackling that challenge after securing £16 million from Integrity Growth Partners. The investment marks the first primary capital Prevalent AI has raised in its nine-year history and will support international expansion, including a stronger presence in the US. (Soapbox) Turning fragmented data into enterprise contextFounded in 2017 by Paul Stokes and Arun Raj, Prevalent …