This week’s UK tech funding deals include international payments firm Navro, AI-powered defence startup Arondite and more.
UKTN tracked £53.3m worth of UK tech investment this week (28 April to 2 May), an 83% week-on-week increase across eight funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Navro – £30.7m
Sector: Fintech
HQ: London
Round: Series B
Investors: Bain Capital Ventures, Motive Partners, Unusual Ventures and Jump Capital
Founded in 2022, Navro facilitates international payments for businesses.
Arondite –£9m
Sector: AI/defence
HQ: London
Round: Seed
Investors: Index Ventures
Founded in 2023, Arondite aims to use AI to connect disparate security hardware for defence organisations and militaries.
Read more
Sprive – £5.5m
Sector: Fintech
HQ: London
Round: Early VC
Investors: Ascension, Channel 4 Ventures, Velocity Capital and Two Magnolias Venture Capital
Founded in 2019, Sprive is an app that aims to speed up mortgage repayments by directing savings and cashback rewards towards user debt.
Read more
WorkBuzz – £4m
Sector: HR tech
HQ: Milton Keynes
Round: EarlyVC
Investors: YFM Equity Partners
Founded in 2018, WorkBuzz is a platform to assess the sentiment and engagement of employees.
Read more
Materials Market – £2m
Sector: Ecommerce
HQ: London
Round: –
Investors: Active Partners and Angels
Founded in 2020, Materials Market is an online platform connecting suppliers and buyers for construction materials.
AMPLY – £1.3m
Sector: AI/Health tech
HQ: Belfast
Round: Seed
Investors: Venture Science, Co-Fund NI, Qubis and British Business Bank
Founded in 2021, AMPLY is an AI-powered drug discovery platform.
Spotlight Pathology – £425k
Sector: AI/health tech
HQ: Cheshire
Round: Seed
Investors: EHE Capital, Deepbridge Capital and Lyva Labs
Founded in 2020, Spotlight Pathology is building an AI platform to rapidly diagnose blood cancer.
Read more
AVIEL Intelligence – £350k
Sector: AI/cybersecurity
HQ: London
Round: Seed
Investors: Fuel Ventures
Founded in 2024, AVIEL Intelligence deploys AI chatbots to interact with scammers to identify fraud and collect insights.
Read more
The post UK tech funding roundup: This week’s deals from Navro to AVIEL appeared first on UKTN.
