This week’s UK tech funding deals include AI immune system Phoebe, wearable health tech developer Neurovalens and more.
UKTN tracked £33.45m worth of UK tech investment this week (18 August to 22 August), a 105% week-on-week increase across nine funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Phoebe – £12.6m
Sector: AI
HQ: London
Round: Seed
Investors: Google Ventures and Cherry Ventures
Founded in 2023, Phoebe has built an ‘AI immune system’ for software that tracks and resolves errors in code.
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Neurovalens – £6m
Sector: Health tech
HQ: Belfast
Round: Debt
Investors: Investment Fund for Northern Ireland
Founded in 2013, Neurovalens develops wearable tech to treat mental health conditions.
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PhovIR Technologies – £4m
Sector: Advanced materials
HQ: Manchester
Round: Seed
Investors: Northern Gritstone
Founded in 2023, PhovIR Technologies develops analytics technology for advanced materials.
Aircards – £3m
Sector: Media tech
HQ: Newcastle
Round: Early VC
Investors: Foresight Group
Founded in 2020, Aircards develops immersive technology for brand campaigns.
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Innerworks – £3m
Sector: Cybersecurity
HQ: London
Round: Seed
Investors: Digital Currency Group, AlbionVC, Firestreak Ventures and Founders Capital
Founded in 2020, Innerworks develops adaptive security solutions for financial transactions.
Embargo – £2.6m
Sector: Hospitality tech
HQ: London
Round: Early VC
Investors: Hampton Finance and angels
Founded in 2017, Embargo develops CRM, loyalty and ordering software for hospitality businesses.
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Sugarox – £1m
Sector: Agtech
HQ: St Albans
Round: Seed
Investors: The Mosaic Company
Founded in 2022, Sugarox uses sugar-based molecules to increase the productivity and resilience of crop production.
Meshed – £950,000
Sector: AI/insurtech
HQ: London
Round: Pre-seed
Investors: Haatch, Founders Factory and angels
Founded in 2024, Meshed has developed an agentic AI insurance broker.
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EvaluateLocate – £300,000
Sector: AI
HQ: London
Round: Seed
Investors: Angels
Founded in 2024, EvaluateLocate provides geospatial location analysis.
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