Funding

Finnish technology company Quanscient, working in cloud-based multiphysics simulation technology and quantum algorithms, has announced its new growth funding of €5.2 million.

Business leaders forecast massive gains from AI but are delaying implementation due to the ‘ambiguity trap’ created by a changing and fragmented legal and regulatory landscape.

Yazen Health, the healthcare platform dedicated to combating obesity with modern weight loss medication and lifestyle changes, announced today the successful closing of an oversubscribed €19.5 million Series A funding round. With this funding, the company strengthens its position as a pioneer in obesity treatment and sets its sights on international expansion.

OptimallyMe, an innovative health optimisation startup, has secured investment from The Players Fund, the UK’s first athlete-led venture capital firm.

Kuberno, the global legal entity management SaaS provider, has closed on an additional £6 million of financing from Nasdaq Ventures and Barclays, concluding its Series A round with £9.5 million of total capital raised.

Neara, the AI-powered predictive modelling platform for critical infrastructure, has announced a €28 million Series C funding round. The round was anchored by a consortium led by EQT (a global investment organisation), with participation from Partners Group (one of the largest firms in the global private markets industry), and Square Peg Capital (one of the company’s earliest investors), with additional support from existing investors Skip Capital and Prosus Ventures.

Emidat, the provider of environmental data solutions for the construction industry, has announced a €4 million seed funding round led by General Catalyst. This funding will enable Emidat to support the construction industry to reduce the environmental footprint of the whole built world, starting with a revolution in the labelling of every single building material.

Bendi, the AI-driven platform that helps businesses manage and mitigate business disruption, sustainability challenges and reputational risks in their supply chains, has announced it has raised $1.04 million in pre-seed funding.

3D animation software company Swoove Studios has closed a $7.5 million seed funding round led by European angel investors.

Verax AI, a developer of enterprise-grade software solutions that provide visibility and control of AI in production, announced today that it secured $7.6 million in seed funding led by TQ Ventures and with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.

Auquan, an AI innovator for financial services, has announced a $4.5 million addition to its seed round, led by Peak XV with continued participation from Neotribe Ventures, bringing total seed funding to $8 million.

Legacy Compass launches a new crowdfunding campaign to help kick-start its mission to redefine end-of-life planning and support. Harnessing the power of story-telling through an innovative online platform, this Legacy-Tech startup can streamline and unburden end-of-life planning for individuals and families.

Semble, an integrated clinical system and innovator in healthtech, has raised $15 million in a Series B funding round led by Mercia Ventures, with participation from Octopus Ventures, Smedvig Ventures and Triple Point.

Dojo, a payment technology provider, has announced a major milestone in its mission to support SMEs across the UK. Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020.

Origin, a defence technology company specialising in advanced autonomous systems, has closed €4 million in financing. The funding comprises €2.4 million in venture capital, led by Change Ventures with participation from Silicon Roundabout Ventures, and €1.6 million in EU grants and support from the Latvian Ministry of Defence.

CybaVerse, a rapidly advancing player in the cyber security space, has secured over £1.1 million in funding, fuelling its vision for growth and innovation. Backed by FSE Group, Haatch, Founder & Lightning, and several angel investors, including FSE angels and the University of Sussex Business Angels group, this milestone highlights CybaVerse’s momentum as it redefines the future of cyber security with its SaaS platform, CybaVerse AI.

UK startups need more support in understanding an increasingly complex early-stage funding process. A new survey from Angel Investment Network (AIN),  an online angel investment platform, reveals that less than half of respondents (44%) said they had a good understanding of the fundraising process when dealing with investors. Less than one in seven (15%) described this as very good.

Inicio AI, a fintech startup based in the West Midlands has been awarded £1.25 million as part of the One To Win pitch competition at Birmingham Tech Week’s Tech Awards. One to Win is spearheaded by TechWM, set up to promote tech in the region, with support from sponsors Rigby Group plc, SCC, Haatch, and the West Midlands Co-Investment Fund (delivered through Midven, part of Future Planet Capital). It is the largest single prize for any pitch competition in the UK.

Resurge Growth Partners has announced the launch of a new “venture equity” vehicle designed to bridge the critical gap between venture capital and private equity for high-potential scaleups. Resurge will aim to invest over €120 million via the vehicle over the next three years, with nearly half of the capital already committed from the founding GPs and a leading family office.

Birmingham-based venture capital firm Midven, in partnership with The 51% Club, has announced a new initiative that’s set to nurture the next wave of high-growth female-led startups. The Fortuna Fellowship is a first-of-its-kind accelerator and will see up to five female-led ventures potentially secure a share of £2 million investment.