Saturday, November 23, 2024

UK tech funding roundup: This week’s deals from Lighthouse to Manny AI

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This week’s UK tech funding deals include travel analytics platform Lighthouse, e-waste recycling group DEScycle, X-ray innovator Silveray and more.

UKTN tracked £343.2m worth of UK tech investment this week (18 November to 22 November), a 162% week-on-week increase across eight funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

Lighthouse – £296m

Sector: Travel tech

HQ: London

Round: Series C

Investors: KKR, Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures

Founded in 2012, Lighthouse is a technology platform that provides data insights to the travel and hospitality industries.

Goodstack – £22.4m

Sector: Fintech

HQ: London

Round: Series A

Investors: General Catalyst, Morpheus Ventures and Repeat

Founded in 2017, Goodstack is a platform to manage corporate charitable donations.

DEScycle – £10.2m

Sector: Climate tech

HQ: London

Round: Series A

Investors: BGF, Vorwerk Ventures, Cisco Investments, Kadmos Capital, and Nesta

Founded in 2018, DEScycle specialises in recycling metals from electronic waste.

Cytomos – £5m

Sector: Health tech

HQ: Edinburgh

Round: Early VC

Investors: Archangels, Old College Capital, Scottish Enterprise and British Business Bank

Founded in 2012, Cytomos has developed an advanced cell analysis platform.

Silveray – £3.5m

Sector: Health tech

HQ: Manchester

Round: Seed

Investors: Northern Gritstone, ACF Investors, Empirical Ventures, Deeptech Labs, and Hamamatsu Ventures

Founded in 2018, Silveray has developed a novel X-ray technology that it claims is cheaper and more efficient than traditional methods.

Tewke – £2.6m

Sector: Climate tech

HQ: London

Round: Seed

Investors: UK Net Zero Pre-Commercialisation Support Fund and the Housing Digital Innovation Award

Founded in 2020, Tewke is a climate tech start-up behind a new touch-screen light switch to manage home energy use.

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Heim Health – £2.2m

Sector: Health tech

HQ: London

Round: Seed

Investors: Heal Capital, Form Ventures, Portfolio Ventures and Houghton Street Ventures

Founded in 2022, Heim Health is a software platform to simplify clinical care tasks.

Manny AI – £1.3m

Sector: Fashion tech

HQ: London

Round: Pre-seed

Investors: Dreamcraft Ventures, Alante Capital, Plug and Play EMEA, Carbon13, Ventures Together, and PDS Ventures

Founded in 2023, Manny AI is an automated tool to manage the production of garments.

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