This week’s UK tech funding deals include a record funding round by AI infrastructure firm Nscale and finance platform Tide.
UKTN tracked £961m worth of UK tech investment this week (22 September to 26 September), a 314% week-on-week increase across seven funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Nscale – £824m
Sector: AI infrastructure
HQ: London
Round: Series B
Investors: Aker ASA, Sandton Capital, Blue Owl, Dell, Fidelity Management & Research Company, G Squared, Nokia, NVIDIA, Point72 and T.Capital
Launched in May 2024, Nscale builds and operates infrastructure for AI workloads.
Read more
Tide – £89m
Sector: Fintech
HQ: London
Round: Private equity round
Investors: TPG and Apax Digital Funds
Founded in 2015, Tide provides business accounts and financial management tools to SMEs….
