This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more.
UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase.
Here’s your weekly roundup of UK tech startup funding.
Skyports – £88m
Sector: Mobility
HQ: London
Round: Series C
Funding type: Equity
Investors: IRIDIUM and Groupe ADP
Founded in 2018, Skyports is a flying taxi infrastructure company that develops drone technologies for a variety of uses, including medical deliveries and asset inspection.
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Pathios Therapeutics – £20m
Sector: Health tech
HQ: Milton, Oxfordshire
Round: Series B
Funding type: Equity
Investors: Bristol Meyers Squibb, Canaan and Brandon Capital
Founded in 2017, Pathios Therapeutics is a biotech firm developing therapies to treat cancer.
Wagestream – £17.5m
Sector: Fintech
HQ: London
Round: Series C extension
Funding type: Equity
Investors: British Patient Capital, Lombard Odier Investment Managers and Northzone
Founded in 2018, Wagestream is a platform for shift workers to access earnings from completed work before designated paydays.
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Orbex – £16.7m
Sector: Space tech
HQ: Forres
Round: Series D (round not closed)
Funding type:
Investors: Octopus Ventures
Founded in 2015, Orbex is a manufacturer of space rockets powered by renewable biofuel. The company is currently preparing for the launch of its satellite transportation rocket.
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Lawhive – £9.5m
Sector: Legal tech/AI
HQ: London
Round: Seed
Funding type: Equity
Investors: Google Ventures and Episode 1 Ventures
Founded in 2021, Lawhive is an AI platform to automate the tedious, time-consuming administrative tasks of lawyers.
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Phlo – £9m
Sector: Health tech
HQ: Glasgow
Round: Growth investment round
Funding type: Equity
Investors: Par Equity, Thairm Bio and Scottish Enterprise
Founded in 2020, Phlo provides business-to-business digital pharmacy services and direct-to-door medication delivery.
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Qureight – £6.8m
Sector: Health tech
HQ: Cambridge
Round: Series A
Funding type: Equity
Investors: Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Playfair Capital, Meltwind, Ascension Life Fund and Cambridge Angels
Founded in 2018, Qureight is an AI-powered platform that, through NHS partnerships, can collate medical data in real-time and structure it for analysis. The structured data can also be used to create virtual trial patients.
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Unwritten – £2.8m
Sector: Fintech
HQ: London
Round: Seed
Funding type: Equity
Investors: Connect Ventures, Planet A Ventures and angels
Founded in 2022, Unwritten is a platform providing investors and asset managers with insights on the climate risks and opportunities of ventures.
FilmChain – £2.4m
Sector: Fintech
HQ: London
Round: Seed
Funding type: Equity
Investors: Holt IntersXion fund, Roca X, DeBa Ventures, TechAngels Romania, and HearstLab
Founded in 2018, FilmChain is a digital Collection Account Management (CAM) service for the film and television industry. FilmChain collects, allocates and analyses revenue within the entertainment industry.
Huzzle – £1.4m
Sector: Professional social media
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: 10x Founders and angels
Founded in 2021, Huzzle aims to position itself as the LinkedIn for Gen Z. The platform can be used by individuals or organisations to network and promote events.
HealthKey – £1.1m
Sector: Health tech
HQ: London
Round: Seed
Funding type: Equity
Investors: Aviva Ventures, Ascension, Oxford Capital, and Cur8 Capital
Founded in 2022, HealthKey is a digital platform for users to manage healthcare treatments and services accessible through insurance and employee benefits.
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Tangent – £883,00 ($1.1m)
Sector: Professional social media
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: Zinc VC, Google Black Founders Fund, the Syndicate Room and angels
Founded in 2022, Tangent is a platform that connects jobseekers from low socioeconomic backgrounds with people in tech offering mentorship and referrals.
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Lemon – £500,000
Sector: Fintech
HQ: Manchester
Round: Pre-seed
Funding type: Equity
Investors: Pitchdrive and SFC Capital
Founded in x, Lemon is a platform for small and medium-sized enterprises to track and manage their various software subscriptions.
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The post UK tech funding roundup: This week’s deals from Skyports to Lemon appeared first on UKTN.
