This week’s UK tech funding deals include early invoice payment service Revving, frontier AI business Latent Labs and more
UKTN tracked £185.5m worth of UK tech investment this week (10 February to 14 February), a 361% week-on-week increase across six funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Revving – £107m
Sector: Fintech
HQ: London
Round: Early VC/debt
Investors: DWS
Founded in 2020, Revving is a payment acceleration platform for businesses to receive earned cash faster.
Latent Labs – £40m
Sector: Biotech/AI
HQ: Cheshire
Round: Series A
Investors: Sofinnova Partners, 8VC, Kindred Capital, Isomer Capital, Pillar VC, Radical Ventures, Flying Fish, Aidan Gomez and Mati Staniszewski
Founded in 2023, Latent Labs is a frontier AI lab developing programmable biology products.
IQE – £18m
Sector: Semiconductors
HQ: Cardiff
Round: Convertible loan notes
Investors: Lombard Odier, Artisan Partners, Killik & Co, Bami Bastani and Rodney Pelzel
Founded in 1988, IQE is a London-listed manufacturer of semiconductors.
Read more
Plain – £12m
Sector: SaaS
HQ: London
Round: Series A
Investors: Battery Ventures, Index Ventures and Connect Ventures
Founded in 2020, Plain is a platform for company-to-company support.
Read more
Renew Risk – £5m
Sector: Compliance
HQ: London
Round: Seed
Investors: Molten Ventures, Lloyds, Insurtech Gateway and angels
Founded in 2021, Renew Risk is a financial planning and insurance software platform.
HowNow – £3.5m
Sector: AI/edtech
HQ: London
Round: Series A
Investors: Mercia Ventures, Pearson and Fuel Ventures
Founded in 2016, HowNow is an AI-powered learning and skills platform.
The post UK tech funding roundup: This week’s deals from Revving to HowNow appeared first on UKTN.
