This week’s UK tech funding deals include subscription-based pet food brand Butternut Box, synthetic fuel developer Rivan and more.
UKTN tracked £99.8m worth of UK tech investment this week (19 May to 23 May), a 57% week-on-week decrease across nine funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Butternut Box – £63m
Sector: Food tech
HQ: London
Round: Debt financing facility
Investors: Liquidity
Founded in 2016, Butternut Box is a subscription-based tailored dog food provider.
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Converge – £16.3m
Sector: AI/climate tech
HQ: London
Round: Late VC
Investors: ABN AMRO, Climate Investment, Move Energy, Pi Impact, J-Impact, TO Ventures and Force Over Mass Capital
Founded in 2014 develops AI-powered concrete management and decarbonisation technology.
Rivan – £10m
Sector: Energy
HQ: London
Round: Growth equity
Investors: Plural, 20VC, NFDG and angels
Founded in 2024, Rivan designs and manufactures modular synthetic fuel plants powered by off-grid solar energy.
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Penfold – £3.9m
Sector: Fintech
HQ: London
Round: Early VC
Investors: Gresham House Ventures
Founded in 2018, Penfold is a digital pension provider.
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Sention Technologies – £3.7m
Sector: Energy
HQ: London
Round: Seed
Investors: Twin Path Ventures, Doral Energy-Tech Ventures, Endgame Capital, Energy Revolution Ventures, G.K. Goh Ventures, Green Angel Ventures, Third Sphere and UK Innovation and Science Seed Fund
Founded in 2022, Sention Technologies has developed ultrasonic scanning technology to assess the condition of batteries.
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Envoke – £925,000
Sector: Health tech
HQ: Leeds
Round: Growth equity VC
Investors: Mercia Equity Finance and Finance Yorkshire
Founded in Envoke develops simulation software for medical professionals
Playsafe ID – £841,000
Sector: Cybersecurity
HQ: London
Round: Pre-seed
Investors: Early Game Ventures, Hartmann Capital and Overwolf
Founded in 2024, Playsafe ID is a gaming platform that tackles cheaters, bots and other harmful activities.
Atomik AM – £600,000
Sector: Manufacturing
HQ: Liverpool
Round: Seed
Investors: Praetura Ventures
Founded in 2023, Atomik AM develops advanced sustainable manufacturing solutions.
Adeus – £500,000
Sector: Legal tech
HQ: London
Round: Grant
Investors: Innovate UK
Founded in 2024, Adeus is a digital will and legacy planning startup.
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