This week’s UK tech funding deals include AI infrastructure developer NexGen Cloud, fleet management software group Podfather and more.
UKTN tracked £54.55m worth of UK tech investment this week (7 April to 11 April), a 93% week-on-week decrease across nine funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
NexGen Cloud – £34.8m
Sector: AI
HQ: London
Round: Series A
Investors: –
Founded in 2020, NexGen Cloud develops infrastructure for AI.
Ryft – £5.7m
Sector: Fintech
HQ: London
Round: Series A
Investors: British Business Bank, Pembroke VCT, The SidebySide Partnership, EdenBase and GPOS Investments
Founded in 2021, Ryft helps businesses manage and monetise payments at scale.
Podfather – £3.4m
Sector: Logistics
HQ: Edinburgh
Round: Growth Equity VC
Investors: Maven Capital Partners
Founded in 2008, Podfather provides software to manage the routes of delivery fleets.
Read more
OSSTEC – £2.5m
Sector: Health tech
HQ: London
Round: Seed
Investors: Empirical Ventures, SFC Capital, Mishcon de Reya, Embryo Ventures and Oxford Innovation Finance
Founded in 2021, OSSTEC uses 3D printing technology to improve joint replacement surgery.
Read more
Damisa – £2.25m
Sector: Fintech
HQ: London
Round: Seed
Investors: Fuel Ventures, Greyhound Capital and EWOR
Founded in 2025, Damisa is a cross-border payments startup using stablecoins
Read more
Nuada – £2m
Sector: Climate tech
HQ: Belfast
Round: Grant
Investors: European Innovation Council
Founded in 2012, Nuada develops carbon capture and storage technology.
Read more
Sagittal AI – £1.7m
Sector: AI
HQ: London
Round:
Investors: Twin Path Ventures, SineWave Ventures, Fuel Ventures, Blue Lake VC and Husayn Kassai
Founded in 2023, Sagittal is an AI system that integrates into workflow software.
Nettle – £1.45m
Sector: Insurtech/AI
HQ: London
Round: Pre-seed
Investors: Project A and angels
Founded in 2024, Nettle is an AI risk assessment platform.
Aelius Biotech – £750,000
Sector: Biotech
HQ: Newcastle
Round: Seed
Investors: Mercia Asset Management, European Regional Development Fund and North East Venture Fund
Founded in 2018, Aelius Biotech has developed a drug testing system for consumer health and pharmaceuticals.
The post UK tech funding roundup: This week’s deals from Nexgen Cloud to Aelius appeared first on UKTN.
