This week’s UK tech funding deals include autonomous driving software group Wayve, engineering simulation company BeyondMath and more.
UKTN tracked a whopping £1.08bn worth of UK tech investment this week (23 February to 27 February), an almost 1,000% week-on-week increase across seven funding rounds, carried largely by the enormous Series D round raised by Wayve.
Here’s your weekly roundup of UK tech startup funding deals.
Wayve – £888m
Sector: AI
HQ: London
Round: Series D
Investors: Eclipse, Balderton, SoftBank, Microsoft, NVIDIA, Uber, Mercedes-Benz, Nissan, Ontario Teachers’ Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures and Schroders Capital
Founded in 2017, Wayve develops autonomous driving software.
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Allica Bank – £114.7m
Sector: Fintech
HQ: London
Round: Series D
Investors: Ventura Capital, GLG, Sona AM, TCV and Blue Owl…
