This week’s UK tech funding deals include drug discovery company CN Bio, AI forest mapping platform Treefera, generative AI insurtech assistant PeppercornAI and more.
UKTN tracked £45m worth of tech funding deals this week (15 April to 19 April), a 77% week-on-week decrease.
Here’s your weekly roundup of UK tech startup funding.
CN Bio – £17m
Sector: Health tech
HQ: Cambridge
Round: Series B
Funding type: Equity
Investors: Bayland Capital, CN Innovations Holdings
Founded in 2008, CN Bio is a drug discovery company that specialises in organ-on-chip tech, a process in which tissues are grown inside chips to mimic human physiology.
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Treefera – £12m
Sector: Climate tech
HQ: London
Round: Series A
Funding type: Equity
Investors: AlbionVC
Founded in 2022, Treefera is an AI platform that provides forest mapping data for the carbon offset industry.
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Glen Clova Scientific – £4m
Sector: Health tech
HQ: Glasgow
Round: Seed
Funding type: Equity
Investors: Norcliffe Capital
Founded in 2022, Glen Clova Scientific is a University of Dundee spinout developing treatments for chronic inflammatory and autoimmune conditions.
PeppercornAI – £3.25m
Sector: Insurtech
HQ: Cardiff
Round: Seed
Funding type: Equity
Investors: Wealth Club, EHE and Angels Invest Wales
Founded in 2020, PeppercornAI is a conversational artificial intelligence tool to guide people through the process of buying insurance.
Hyble – £2.8m
Sector: Marketing tech
HQ: Edinburgh
Round: Growth equity round
Funding type: Equity
Investors: Business Growth Fund
Founded in 2001, Hyble provides a suite of software tools for hospitality companies to launch marketing campaigns.
Camion – £2.3m
Sector: Mobility
HQ: London
Round: Pre-seed
Funding type: Equity
Investors: EQT Ventures, First Look Capital and RitMir Ventures
Founded in 2023, Camion is aiming to support the rollout of EV charging infrastructure by providing developers with key data showing the best locations.
Blue Skies Space – £2m
Sector: Space tech
HQ: London
Round: Seed
Funding type: Equity
Investors: SPARX Group, SFC Capital
Founded in 2014, Blue Skies Space is currently working towards the launch of Mauve a satellite equipped with sensors to measure ultraviolet wavelength in stars.
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Sorted – £1.65m
Sector: Climate tech
HQ: London
Round: Seed
Funding type: Equity
Investors: Pi Labs, Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect and Antler
Founded in 2022, Sorted’s technology uses computer vision and spectroscopy to identify recyclable items at waste facilities.
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