Funding

With global supply chains facing mounting pressures and costs continuing to rise, manufacturing is at a critical juncture. Industries like aerospace, automotive, and construction face long lead times and high costs for large-format components, relying heavily on fragmented supply chains and labour-intensive processes. Manufacturing automation business SAEKI announced a $6.7 million funding round to address these challenges through its innovative approach to digital manufacturing.

Payroll and HR company Deel has announced that new anchor investors, including General Catalyst and a sovereign investor, have purchased close to $300 million in Deel secondaries from early investors in the company. These investments signal not only Deel’s momentum, but also the long-term vision investors see in the company.

Drip Water, the UK’s premier lifestyle water brand founded by British TV chef and musician Big Zuu, announces a strategic equity investment from Raya Holding. The £4 million investment will support the brand’s expansion across the Middle East, bringing its valuation to £100 million.

Fimple, a provider of flexible, cloud-native core banking software, has raised $12 million in its Series A funding round. The investment, led by DN Capital and Smartfin, saw continued participation from existing investors, including Albaraka Portfolio and Tera Portfolio.

iplicit, the cloud accounting software platform purpose-built for the UK mid-market, has announced a £25 million investment from technology growth investor One Peak. This new investment marks iplicit’s first external institutional funding round and will be used to significantly accelerate iplicit’s product development and fuel its exponential growth.

NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability. Through real-time customer insights driven by AI and behavioural science, the platform detects early signs of financial distress and predicts risks to help financial institutions deliver personalised, timely support at scale.

Puma Growth Partners has led a $4.3 million investment into legal and financial technology specialist, Semeris.

Intryc, the platform transforming customer support quality assurance (QA) through AI-powered automation, has announced a $3.1 million seed funding round. The oversubscribed round saw participation from General Catalyst and scouts from Sequoia, alongside existing investors Episode 1 and 500 Emerging Europe, bringing the company’s total funding to $4.2 million. The announcement follows the company’s successful completion of Y Combinator’s Summer 2024 cohort.

The GSMA, in partnership with the UK Foreign, Commonwealth & Development Office (FCDO) has launched the GSMA Innovation Fund for Impactful AI, to empower small and growing enterprises in low-and-middle-income countries (LMICs) across Africa, South Asia, Southeast Asia, and the Pacific.

MintNeuro, a startup working in scalable, low-power semiconductor technology for minimally-invasive neural implant applications, has announced that it is the recipient of three major funding awards from the UK government’s Advanced Research and Invention Agency (ARIA) in collaboration with leading institutions.

Recently, competition in the AI sector has been heating up, and it has now been reported that OpenAI is in talks of raising a new funding round of around $40 billion, which would lift the AI company’s valuation to as high as $340 billion.

Blackfinch Ventures, part of the Blackfinch Group, has invested £300,000 in Adia Thermal, a UK startup transforming the heat pump market with its innovative retrofit technology. The investment reflects Blackfinch’s focus on supporting companies that drive meaningful progress in the energy transition while delivering strong potential returns for investors.

BGF deployed £489 million in 2024, introducing 47 businesses into its diverse portfolio of 360 companies.

Smartify, the visitor engagement platform, has successfully raised £1.5 million to bring new technologies to the arts and culture sector and continue expanding its international presence.

When Fajer Mushtaq turned on the tap as a child in Delhi, one question always loomed: was the water safe? Today, that same question haunts communities worldwide as PFAS – toxic “forever chemicals” used in everything from non-stick pans to firefighting foam – contaminate water supplies at an alarming rate. Today, Swiss startup Oxyle has announced a $16 million funding round to scale its breakthrough solution to destroy, not just relocate, PFAS from wastewater. This builds on its $3 million pre-seed round in 2022, growing support for its mission.

Sports-focused investment company APEX, backed by professional athletes, has announced its strategic investment in Baller League. The concept is a trailblazing 6-a-side football competition that merges the worlds of street football and internet influencers in an innovative fusion of sport and entertainment.

Molten Ventures has announced its participation as a co-lead investor in the $5.5 million seed funding round for Sightline, a market intelligence platform powering the transition economy.

Swedish startup Adsorbi, a research-based spinout from Chalmers University of Technology, has raised €1 million in funding from Metsä Spring, Chalmers Ventures, Jovitech Invest, and a grant from Sweden’s Innovation Agency for its cellulose-based air purification material.

Three London-based startups have won funding after pitching their ventures to a panel of business leaders in Deliveroo’s annual Big Pitch event.

BOW, the universal robotics software company, has announced closing a £4 million seed round. The round was led by Northern Gritstone, the investment business focused on science and technology businesses in the North of England, with co-investors Finance Yorkshire and Praetura Ventures as part of the Northern Powerhouse Investment Fund II.