This week’s UK tech funding deals include EV charge point operator Believ, Supply chain analytics group Treefera and more.
UKTN tracked £404.75m worth of UK tech investment this week (2 June to 6 June), a 682% week-on-week increase across 11 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Believ – £300m
Sector: Energy
HQ: London
Round: Investment vehicle
Investors: Liberty Global and Zouk Capital (joint owners of Believ), Santander, ABN Amro, NatWest and MUFG
Founded in 2019, Believ is an electric vehicle charge point operator.
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Treefera – £22m
Sector: Supply chain/AI
HQ: London
Round: Series B
Investors: Notion Capital, AlbionVC, Triple Point, Twin Path Ventures and Endeit Capital
Founded in 2022, Treefera is a startup using AI to map supply chain conditions.
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Wordsmith AI – £18.5m
Sector: Legal tech/AI
HQ: Edinburgh
Round: Series A
Investors: Index Ventures and Scottish Enterprise
Founded in 2023, Wordsmith AI is an intelligence platform for in-house legal teams.
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Labrys – £14.8m
Sector: SaaS
HQ: London
Round: Series A
Investors: Plural, AlbionVC, Superangel,Project A, MDOne, Expeditions Fund and Marque Ventures
Founded in 2020, Labrys is a software platform for managing high-risk missions.
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Skyral – £14.8m
Sector: Digital twins
HQ: London
Round: Series A
Investors: NOIA Capital and Accrete Capital
Founded in 2023, Skyral is a modelling and simulation company that creates virtual representations of complex environments.
AccelerComm – £11m
Sector:
HQ: Southampton
Round: Late VC
Investors: IP Group, IQ Capital, Swisscom Ventures and Bloc Ventures
Founded in 2016, AccelerComm specialises in 5G solutions for satellite networks.
ThreatSpike – £10.35m
Sector: Cybersecurity
HQ: London
Round: Series A
Investors: Expedition Growth Capital
Founded in 2011, ThreatSpike provides firms with a unified platform to replace fragmented security systems.
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Automated Architecture – £5.1m
Sector: Construction tech
HQ: London
Round: Early VC
Investors: Planet A, Shadow Ventures, Common Magic and Concrete VC
Founded in 2019, Automated Architecture supplies homebuilders, developers and manufacturers with robotic micro-factories and AI software.
Literal Labs – £4.6m
Sector: AI
HQ: Newcastle
Round: Pre-seed
Investors: Northern Gritstone, Mercuri, Sure Valley Ventures, Cambridge Future Tech SPV, and angels
Founded in 2023, Literal Labs is developing logic-based AI models that aim to be faster and more energy efficient than modern neural networks.
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Valla – £2m
Sector: Legal tech
HQ: Edinburgh
Round: Seed
Investors: Ada Ventures and Active Partners
Founded in 2020, Valla is a platform for employees seeking legal action.
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Kiin Bio – £1.6m
Sector: Health tech/AI
HQ: London
Round: Pre-seed
Investors: b2venture, Heartfelt, rule30 and angels
Founded in 2024, Kiin Bio is a startup developing an AI-powered drug discovery platform.
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The post UK tech funding roundup: This week’s deals from Believ to Kiin Bio appeared first on UKTN.
