UK Tech Funding Roundup: This Week's Deals from Fyld to Nul

The UK tech scene is constantly buzzing with innovative startups and exciting new companies seeking funding to grow and make an impact in their respective industries. This week, UKTN has tracked £99.86m worth of tech investment, a 21% increase from the previous week, across seven funding rounds. From AI workplace safety platforms to satellite-based thermal imaging groups, here's a roundup of the latest UK tech funding deals.

Fyld - £32m

Kicking off our list is Fyld, a London-based AI platform that has raised £32m in Series B funding from Energy Impact Partners and Partech via its Growth Impact Fund. Founded in 2020, Fyld offers a unique solution for workplace safety by allowing workers to send videos of worksites and receive AI risk analysis in return. This funding will enable the company to further develop its technology and expand its reach in the market.

SatVu - £30m

Next up is SatVu, a London-based defence tech company that has secured £30m in EarlyVC funding from a variety of investors, including NATO Innovation Fund, British Business Bank, Space Frontiers Fund II, and Presto Tech. Founded in 2016, SatVu is using satellite technology for thermal imaging intelligence operations. This investment will help the company continue its mission of providing cutting-edge solutions for the defence industry.

Stacks - £17m

In the fintech sector, London-based Stacks has raised £17m in Series A funding from investors such as Lightspeed Ventures, EQT Ventures, General Catalyst, and S16VC. Founded in 2024, Stacks offers an agentic platform for enterprise finance, helping businesses streamline their financial processes and make smarter decisions. With this new investment, Stacks plans to expand its team and enhance its product offerings.

SurrealDB - £17m

Another AI company on our list is SurrealDB, which specializes in developing technology to update database systems for modern AI systems. This London-based company has raised £17m in Series A extension funding from investors like Chalfen Ventures, Begin Capital, FirstMark, and Georgian. This investment will allow SurrealDB to continue its work of bridging the gap between traditional databases and AI systems.

Made With Intent - £2.4m

Moving on, we have Liverpool-based Made With Intent, which has secured £2.4m in seed funding from NPIF (managed by PXN Ventures). Founded in 2023, Made With Intent has developed an AI-powered model that provides ecommerce sites with real-time customer insights. This funding will support the company's growth and help them reach more businesses looking to optimize their online sales.

Klaris - £730,000

In the AI/health tech sector, London-based Klaris has raised £730,000 in pre-seed funding from Meridian Health Ventures. Founded in 2024, Klaris offers an AI tool to simplify the process of applying for regulatory approval for medical devices. This investment will enable the company to further develop its technology and expand into new markets.

Nul - £730,000

Last but not least, we have London-based Nul, a health platform providing subscriptions for an Ozempic-style alcohol use reduction medication. The company has raised £730,000 in seed funding from DMG Ventures, BYVP, and angel investors. With this funding, Nul plans to accelerate its growth and continue providing accessible and effective solutions for those struggling with alcohol dependence.

In conclusion, the UK tech scene continues to thrive, with innovative startups securing significant funding to drive their growth and impact. These are just a few of the many exciting deals happening in the UK tech world, and we can't wait to see what the future holds for these companies and the industry as a whole.

Source: https://www.uktech.news/news/uk-tech-funding-roundup-this-weeks-deals-from-fyld-to-nul-20210220