This week’s UK tech funding deals include Scottish cancer therapeutics company Trogenix, quantum-resilient encryption firm Sitehop and more.
UKTN tracked £122.25m worth of UK tech investment this week (6 October to 10 October), a 68% week-on-week decrease across six funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Trogenix – £70m
Sector: Health tech
HQ: Edinburgh
Round: Series A
Investors: IQ Capital, Calculus Capital, 4BIO Capital, Eli Lilly, LongeVC, Meltwind, Cancer Research Horizon and Brain Tumor Investment Fund
Founded in 2023, Trogenix is developing next-generation cancer therapies.
Owlstone Medical – £36.5m
Sector: Health tech
HQ: Cambridge
Round: Prize money
Investors: Advanced Research Projects Agency for Health (US Department of Health & Human Services)
Founded in 2004, Owlstone Medical has developed an at-home testing device for the early diagnosis of cancer.
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Sitehop – £7.5m
Sector: Cybersecurity
HQ: Sheffield
Round: –
Investors: Northern Gritstone, Amadeus Capital Partners, Manta Ray, Mercia Ventures and NPIF (managed by Mercia)
Founded in 2021, Sitehop is a hardware-focused cybersecurity company that is offering quantum-resilient encryption.
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Sees.ai – £3.65m
Sector: Aviation
HQ: Chichester
Round: Early VC
Investors: Sustainable Future Ventures, Hearst Ventures, Elbow Beach Capital and WakeUp Capital
Founded in 2018, Sees.ai develops solutions for the operation of autonomous aerial devices.
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Dragonfly – £2.6m
Sector: AI
HQ: London
Round: Seed
Investors: Episode 1, Dreamcraft and Portfolio Ventures
Founded in 2025, Dragonfly describes itself as an AI-powered software discovery platform.
Munro – £2m
Sector: EVs
HQ: Glasgow
Round: Seed
Investors: Elbow Beach Capital
Founded in 2019, Munro is a manufacturer of electric four-by-four vehicles.
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