Sunday, December 22, 2024

UK tech funding roundup: This week’s deals from Stora to Concinnity – UKTN

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This week’s UK tech funding deals include storage software business Stora, Edinburgh health tech spinout Concinnity and more.

UKTN tracked £9.3m worth of UK tech investment this week (ending 20 December 2024) in what is often one of the quietest weeks for funding of the year.

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

Stora – £1.3m

Sector: SaaS

HQ:Banbridge

Round: Series A

Investors:Investment Fund for Northern Ireland (IFNI).

Stora’s software is designed to help self-storage facilities automate administrative tasks, saving on costs and time and maximising sales.

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Concinnity Genetics – £3m

Sector: Biotech

HQ: Edinburgh

Round: Series A

Investors: Scottish investor Eos Advisory

Founded in 2023, Concinnity Genetics is a spinout developing novel gene therapies with control mechanisms.

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Aurrigo – £5m

Sector: Autonomous vehicle

HQ: Coventry

Round: Capital raise, public markets

Investors: 

The company has developed the Auto-DollyTug, an autonomous baggage and cargo tractor. 

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