Despite the COVID-19 pandemic crisis that forced the whole world to come to a grinding halt, the London tech firms have raised £7.6B VC funding in 2020 and it hasn’t stopped with 2020 as the investments are still going on a full swing as we have entered into an all new year.
Many tech companies in the UK including those that are leading in their respective industries have also gained funding to help them move on an upwards trajectory in the post pandemic world. We have already covered the investments that big names such as Deliveroo, sennder, Rapyd and others have secured this month.
Today, UKTN has curated a list of tech startups in the UK that have also secured funding in January 2021 so far and deserve your attention.
Wildanet
Founder/s: Ian Calvert
Founded year: 2017
Total funding: £56.4M
Redruth-based broadband ISP Wildanet that focuses on deploying a wireless network across rural parts of Cornwall in South West England secured a £50M funding from Gresham House British Strategic Investment Infrastructure Fund (BSIF). This investment will let the company deploy gigabit-capable full fibre. The new investment will enable Wildanet to upgrade and expand its network to continue to target the underserved homes and businesses of Cornwall.
Snowplow
Founder/s: Alex Dean, Yali Sassoon
Founded year: 2011
Total funding: £12.4M
London’s behavioural data management platform Snowplow recently raised $10M (nearly £9M) in a Series A2 funding round. The investment round was led by global growth technology investor Atlantic Bridge along with participation from existing investor MMC Ventures. The fresh investment will be used by Snowplow to drive its continued expansion in the US, Europe and Asia Pacific. It will also focus on accelerating its product roadmap for data teams.
ThingCo
Founder/s: Michael Brockman, Jonathon Valentine
Founded year: 2018
Total funding: £3.2M
London-based telematics service provider ThingCo secured £3M funding from BHL (UK) Holdings, a majority shareholder of comparethemarket.com parent BGL Group. As a result of the funding round, BHL will join ThingCo as a new shareholder.
Theolytics
Founder/s: Charlotte Casebourne, Kerry Fisher, Margaret Duffy
Founded year: 2017
Total funding: £5.5M
Theolytics, an Oxford biotech company bagged $6.8M (nearly £5M) Series A funding in a round led by Epidarex Capital along with participation from Taiho Ventures and the existing investor, Oxford Sciences Innovation. The investment will be used for the company’s pipeline of candidates towards human clinical trials. Theolytics will use the fresh funds to build on its plans to create a change in the oncolytic viral therapy field.
DeadHappy
Founder/s: Andy Knott, Phil Zeidler
Founded year: 2013
Total funding: £10.5M
UK-based DeadHappy, a life insurance company completed £4.75M investment from new investors – Channel 4 Ventures and Venture Founders and existing investors Octopus and eVentures. The new investment will be used to expand its product offering, invest in marketing channels, and broaden distribution to bring the digital-first life insurance concept to a wider audience. DeadHappy will further accelerate growth and scale its business.
Connect Childcare
Founder/s: Chris Reid
Founded year: 2005
Total funding: NA
Connect Childcare, a nursery management company offering a fully-integrated management, observation & communication system with a prime focus on child development secured £4M investment from Mobeus, a London financial firm. The new investment will be used to support the launch of a new payment offering and a SaaS solution. Also, the business will strengthen its sales and marketing team, develop product marketing and drive further growth.
Immunocore
Founder/s: Bent Jakobsen, James Noble
Founded year: 2008
Total funding: £457M
Oxfordshire-based late-stage biotech company Immunocore that focuses on the development of a novel class of T-cell receptor (TCR) bispecific immunotherapies closed $75M (nearly £55M) Series C funding. The round was led by BlackRock. The company will use the investment to further expand and accelerate its growing clinical stage pipeline of ImmTAX (Immune mobilising monoclonal TCRs against cancer, infectious diseases and autoimmune) molecules.
SalesTrip
Founder/s: Manoj Ganapathy, Richard Goodall
Founded year: 2017
Total funding: £1.2M
SalesTrip, a London-based expense management and travel booking software company bagged $1.4M (nearly £1.M) seed funding led by Floreat Group, an independent group. SalesTrip intends to use the funding to scale operations in the US, build product integration and increase demand across key markets.
Kromek
Founder/s: Arnab Basu
Founded year: 2003
Total funding: £3.1M
Kromek, which is a worldwide supplier of detection technology that is focused on the medical, security screening and nuclear markets bagged £1.3M from Innovate UK. The company will use the investment to customise its biological threat-detection solution for the automated detection of all airborne viruses including COVID-19.
Borrow A Boat
Founder/s: Matt Ovenden
Founded year: 2016
Total funding: £3.9M
Borrow A Boat is a platform launched by boat enthusiasts who claims to be the Airbnb of boats grabbed £310K funding on Seedrs. This follows the previous equity crowdfunding campaign on Crowdcube for £1.3M. Borrow A Boat will use the funds to continue the growth and development of its program. Eyeing international expansion, Borrow A Boat revealed that it aims to launch into eight new countries this year as it focuses on growing further.
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