This week’s UK tech funding deals include advanced materials firm Alloyed, SME financial management platform Mimo and more.
UKTN tracked £74.1m worth of UK tech investment this week (10 March to 14 March), a 63% week-on-week decrease across eight funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Alloyed – £37m
Sector: Materials
HQ: Oxford
Round: Series B
Investors: SPARX, the Development Bank of Japan, Aviva Investors and Future Industry Ventures
Founded in 2017, Alloyed designs and manufactures advanced metallic alloys.
Supercritical Solutions – £14m
Sector: Energy
HQ: London
Round: Series A
Investors: Shell Ventures B.V., Toyota Ventures, Lowercarbon Capital and Anglo American Platinum
Founded in 2020, Supercritical Solutions is a green hydrogen production firm.
Strolll – £10.35m
Sector: Medtech
HQ: Stafford
Round: Series A
Investors: IW Capital
Founded in 2019, Strolll uses AR technology to provide digital therapies to patients with neurological diseases.
Mimo – £6m
Sector: Fintech
HQ: London
Round: Seed
Investors: Project A
Founded in 2023, Mimo – short for money in, money out – has built a platform for SMEs to manage their finances.
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Zero Point Motion – £4m
Sector: Sensor tech
HQ: Bristol
Round: Pre-Series A
Investors: SCVC, Foresight Group, Verve Ventures and u-blox AG
Founded in 2020, Zero Point Motion is developed advanced sensors with military and space exploration applications.
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Cloud Gateway – £1.5m
Sector: Network infrastructure
HQ: London
Round: –
Investors: David Webb
Founded in 2017 as an MSP, Cloud Gateway has now transitioned to a Network-as-a-Service business.
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Merx – £1m
Sector: AI
HQ: London
Round: Pre-seed
Investors: VentureFriends and Ascension
Founded in 2023, Merx has developed a conversational AI tool for brands to engage with customers.
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YAi – £250,000
Sector: AI
HQ: London
Round: Seed
Investors: Jenson Ventures
Founded in 2023, YAi is an automated marketing content creation platform.
The post UK tech funding roundup: This week’s deals from Alloyed to YAi appeared first on UKTN.
