This week’s UK tech funding deals include SME financial management platform Mimo, a navigation app for the visually impaired called Waymap, digital carer platform Log my Care and more.
UKTN tracked £42.4m worth of tech funding deals this week (08 April to 12 April), an 18% week-on-week decline.
Here’s your weekly roundup of UK tech startup funding.
Mimo – £15.5m
Sector: Fintech
HQ: London
Round: Seed
Funding type: Equity/debt
Investors: Northzone, Cocoa Ventures, Seedcamp, Upfin VC and angels from Stripe, GoCardless, Wayflyer and Anyfin
Founded in 2023, Mimo is a financial management platform for SMEs. The company bundles many financial tools together to combat overly complex and fragmented processes.
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Pactio – £11m
Sector: Fintech
HQ: London
Round: Series A
Funding type: Equity
Investors: EQT Ventures
Founded in 2021, Pactio has developed a platform for private capital investors that provides deal tracking and risk management tools.
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Waymap – £7m
Sector: Mobility
HQ: London
Round: Seed
Funding type: Equity/debt
Investors: TELUS’ Pollinator Fund, Venrex and Comprador Holdings
Founded in 2017, Waymap is a navigation app targeting people with additional accessibility requirements, with a focus on the visually impaired.
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Log my Care – £3m
Sector: Health tech
HQ: London
Round: Series A extension
Funding type: Equity
Investors: Mercia Ventures
Founded in 2017, Log my Care is a platform used by carers to record patient notes, access medical records and receive reminders through mobile notifications.
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Veremark – £2.4m
Sector: HR tech
HQ: London
Round: Pre-Series B
Funding type: Equity
Investors: Samaipata, Stage 2 Capital, ACF Investors and Vulpes Investment
Founded in 2019, Veremark performs background checks for companies on prospective hires, looking at qualifications and legal compliance.
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Neurovalens – £2.1m
Sector: Health tech
HQ: Belfast
Round: Late VC
Funding type: Equity/debt
Investors: MedTech Innovator, Invest Northern Ireland, Techstart Ventures, Angel Co Fund, Beltrae Partners, Clarendon Fund Management, British Business Bank, IQ Capital and Wharton Asset Management
Founded in 2013, Neurovalens has developed a wearable anxiety treatment. The Modius Stress headband uses mild electrical stimulation to ease stress.
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Clyde Hydrogen – £1m
Sector: Energy
HQ: Glasgow
Round: Pre-seed
Funding type: Grant/equity
Investors: Zinc, the University of Glasgow and angel investors
Founded in 2022, Clyde Hydrogen has developed a new approach to electrolysis that it claims can produce hydrogen energy more efficiently.
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Avenir – £399,000
Sector: Fintech
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: SFC Capital, Techstars and angel investors
Founded in 2023, Avenir is a wealth management software that provides regulatory compliance reports and scores businesses based on sustainability.
The post UK tech funding roundup: This week’s deals from Mimo to Avenir appeared first on UKTN.
