This week’s UK tech funding deals include smart electricity startup Ionate, investigation software provider Blackdot Solutions and more.
UKTN tracked £40.2m worth of UK tech investment this week (3 February to 7 February), an 80% week-on-week decrease across six funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Ionate – £13.6m
Sector: Energy
HQ: London
Round: Series A
Investors: AlbionVC, In-Q-Tel, JGC MIRAI Innovation Fund, Santander InnoEnergy Climate Fund and Antares Ventures.
Founded in 2019, Ionate aims to modernise electrical power grids with its full stack solution that consolidates multiple power system functions into a single, cost-effective device.
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Fimple – £9.7m
Sector: Fintech
HQ: London
Round: Series A
Investors: DN Capital, Smartfin, APY Ventures and Tera Portföy
Founded in 2022, Fimple is a cloud-native core banking platform.
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Blackdot Solutions – £4.5m
Sector: Cybersecurity
HQ: Cambridge
Round: Late VC
Investors: Maven Capital Partners and Scaleup Group
Founded in 2011, Blackdot Solutions has developed an investigation software platform for risk and identity verification and regulatory compliance.
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Astral Systems – £4.5m
Sector: Nuclear
HQ: Bristol
Round: Early VC
Investors: Playfair Capital, Speedinvest and Pete Hutton
Founded in 2021, Astral Systems develops Multi-State Fusion (MSF) reactors for on-demand neutron production.
Modern Synthesis – £4.4m
Sector: Biomaterials
HQ: London
Round: Seed
Investors: Artesian Capital Management, Collaborative Fund and Extantia Capital
Founded in 2019, Modern Synthesis develops biomaterials to replace animal leathers and plastic textiles.
Semeris – £3.5m
Sector: Fintech/AI
HQ: London
Round: Growth equity VC
Investors: Puma Growth Partners
Founded in 2020, Semeris uses large language models to process and review financial and legal documents.
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