UK tech funding roundup: This week’s deals from Nscale to Chalkie – UKTN

This week’s UK tech funding deals include, for the second week in a row, AI infrastructure company Nscale as well as sustainable aviation fuel group OXCCU and more.

UKTN tracked £388.7m worth of UK tech investment this week (29 September to 3 October), a 59% week-on-week decrease across six funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

Nscale – £320m

Sector: Data centres

HQ: London

Round: Pre-Series C SAFE

Investors:Nvidia, Fidelity Investments, Aker ASA, Dell Technologies Capital, Nokia Ventures, Sandton Capital Partners, G Squared, Point72, Blue Owl Capital and T Capital

Founded in 2024, Nscale builds and operates infrastructure for AI workloads.

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Simple Life – £26m

Sector:

HQ: London

Round: Series A

Investors: HartBeat Ventures and Liquidity

Founded in 2019, Simple Life is a health and fitness app featuring a generative AI assistant….