Tuesday, November 5, 2024

UK tech funding roundup: This week’s deals from PhoreMost to HeyFlow

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This week’s UK tech funding deals include drug discovery platform PhoreMost, “nature-inspired” insecticide group Solasta Bio, online independent food ecommerce service Delli and more.

UKTN tracked £106.5m worth of UK tech investment this week (09 September to 13 September), a 130% week-on-week increase across 12 funding rounds.

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

PhoreMost – £33m

Sector: Health tech

HQ: Cambridge

Round: Series B

Investors: BGF, XtalPi Inc, Astellas Venture Management, Trend Investment Group, o2h Ventures, Parkwalk Advisors, Morningside Ventures and Jonathan Milner.

Founded in 2014, Phoremost is a drug discovery platform.

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Twenty7tec – £16.5m

Sector: Fintech

HQ: Bournemouth

Round: Growth equity VC

Investors: Business Growth Fund

Founded in 2014, Twenty7tec is a platform that streamlines the entire mortgage journey, from initial product search and sourcing through to application submission and completion….

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