This week’s UK tech funding deals include CRM provider Ascendx, satellite manufacturer Space Forge and more.
UKTN tracked £230.8m worth of UK tech investment this week (12 May to 16 May), a 291% week-on-week increase across 10 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Ascendx – £83m
Sector: SaaS
HQ: London
Round: Early VC/debt
Investors: Osprey Investors and Columbia Lake Partners
Founded in 2023, Ascendx is a Salesforce-based CRM provider.
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Zopa – £80m
Sector: Fintech
HQ: London
Round: Additional tier 1 capital
Investors: International Securities Market investors
Founded in 2005, Zopa is a challenger bank initially focused on peer-to-peer lending, now entering the current account market.
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Space Forge – £22.6m
Sector: Space tech
HQ: Cardiff
Round: Series A
Investors: NATO Innovation Fund, British Business Bank, the World Fund and the National Security Strategic Investment Fund
Founded in 2018, Space Forge is developing satellites that can be used as in-orbit manufacturing facilities.
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Origin – £15.8m
Sector: SaaS
HQ: Canterbury
Round: Series A
Investors: Felix Capital, Acadian Ventures, Notion Ventures and angels
Founded in 2024, Origin is a platform that brings together data from the benefits programmes of staff across a select company.
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Cronofy – £15m
Sector: SaaS
HQ: Nottingham
Round: Seed
Investors: BGF
Founded in 2013, Cronofy is a provider of embedded scheduling infrastructure.
RetailBook – £4.5m
Sector: Fintech
HQ: London
Round: Early VC
Investors: Augmentum Fintech
Founded in 2022, RetailBook gives individual investors greater access to primary capital markets through its platform for participation.
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S4labour – £4m
Sector: SaaS
HQ: Banbury
Round: Growth Equity VC
Investors: YFM Equity Partners
Founded in 2010, S4labour is a workforce management software provider.
ProFinda – £3m
Sector: SaaS
HQ: London
Round: Credit facility
Investors: Palatine
Founded in 2011, ProFinda’s platform is used to resource and staff projects by optimising relevant skills and compatible workloads of employees.
Zendo Energy – £1.7m
Sector: Energy/AI
HQ: London
Round: Seed
Investors: Fly Ventures, Octopus Ventures and Pact VC
Founded in 2024, Zendo Energy is developing technology to decarbonise computing power in data centres.
Martello – £1.2m
Sector: AI/Proptech
HQ: –
Round: –
Investors: Fuel Ventures
Martello is an AI platform to speed up environmental property assessments.
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The post UK tech funding roundup: This week’s deals from Ascendx to Martello appeared first on UKTN.
