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.
Read more
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….
