Funding

Trumpet, a platform designed to centre buyers in the sales process, has secured $6.35 million in a competitive seed funding round, led by AlbionVC. Returning investors Lightbird Ventures, Anamcara Capital, and Triple Point Ventures also participated.

Adamo Foods, a foodtech startup from the UK, has secured $2.5 million in seed funding, co-led by UK Innovation Science and Seed Fund (UKI2S), Future Planet Capital, and Joyful Ventures. This investment will accelerate Adamo’s efforts to launch the first ultra-realistic beef steak alternative made from fungi, catering to the rising demand for healthier, higher-quality meat substitutes.

CIBC Innovation Banking has extended a debt financing package to Wemolo, a German technology firm specialising in digital parking solutions driven by licence plate recognition. Operating across more than 2,500 properties throughout Europe, Wemolo plans to use the funding to broaden its product offerings and increase its presence across the continent.

Collo, a Finnish tech startup specialising in IoT analysers for industrial liquid processes, has secured €5 million in growth funding. This latest investment round was co-led by SEB Greentech Venture Capital from Sweden and the Dutch deep tech investor FORWARD.one, with additional backing from existing investor, Danish deep tech firm Scale Capital.

Gaussion, a spinoff from University College London (UCL), has introduced an approach that significantly improves battery performance. By applying an external magnetic field during charging and discharging, Gaussion’s technology guides ions more efficiently within existing battery cells. This not only enables faster charging but also reduces cell degradation, thereby extending battery lifespan.

Userled, an AI-powered startup revolutionising B2B personalised marketing at scale, has secured £4 million in a pre-seed funding round led by LocalGlobe, with participation from Dig Ventures. This funding will fuel the company’s mission to recruit top-tier talent and develop cutting-edge martech solutions.

Impactpool, an AI-powered career platform, has secured $4 million in Series A funding, led by Mediahuis and Fort Knox. This investment will bolster Impactpool’s advanced AI matching technology and further its mission to connect one billion professionals with organisations focused on impactful change.

US-based Filmustage, an innovative AI platform revolutionising film pre-production, recently announced it had secured a $1.5 million seed funding round. The funding was led by UK-based VC fund Raw Ventures, with participation from US-based Geek Ventures and other investors.

Monumo, a tech startup blending advanced AI with traditional engineering to reimagine the electric drive unit, has secured £750,000 in funding from Innovate UK, a part of UK Research and Innovation (UKRI).

In 2023, the Labour Party promised that if it won the election, small businesses would be at the heart of its agenda in government. Days after coming into office it has already announced plans for a £7 billion wealth fund to ‘unlock investment’ in the UK, with reforms set to be made to the British Business Bank to help improve funding for startup businesses.

Bluechain, the EIS-certified fintech transforming payments and receivables, has experienced remarkable growth in 2024, building on a robust performance in 2023. With a surge in users, transaction volume, and revenue, Bluechain has launched an opening funding round to fuel its next growth phase.

Riverlane, a startup in quantum error correction (QEC) technology, has secured $75 million in Series C funding to advance its ambitious QEC roadmap. This investment will bolster Riverlane’s efforts to scale operations and meet the growing global demand for QEC technology, with the ambitious target of achieving one million error-free quantum computer operations by 2026.

Muon Space, an end-to-end space systems provider specialising in mission-specific low-earth orbit (LEO) satellite constellations, recently completed a successful Series B funding round, raising $56.7 million.

PHINXT Robotics, an AI-driven robotics software company, has secured £2 million in an oversubscribed funding round. This round was led by Sure Valley Ventures and included participation from Ada Ventures, Heartfelt, and Atlas Ventures.

EarthSense, a Leicester-based scaleup specialising in air quality monitoring technology, secured a £264,000 loan from NatWest by leveraging its intellectual property as collateral.

Streamkap, a real-time data streaming provider, secured $3.3 million in seed and pre-seed funding led by InReach Ventures, with contributions from TEN13, Haatch Ventures, and Begin Capital. The funding round also saw participation from angel investors with roles at Datadog, Anthropic, and Clickhouse.

Checkly, a company in synthetic monitoring powered by Monitoring as Code (MaC) and Playwright, has raised $20 million in a Series B funding round led by Balderton Capital. Notable contributions also came from existing investors Accel, CRV, and Paul H. Müller.

Cardiff-based travel platform Lovetovisit, which aids users in discovering and booking local attractions, experiences, and events, has secured £3.2 million in venture capital funding to facilitate its growth. Leading the funding round were Venrex and Redrice Ventures, with participation from Active Partners, Velocity Partners, and angel investors.

Definely, a LegalTech firm based in the UK, recently secured a £585,000 grant from Innovate UK to propel its AI-driven solutions for the legal sector.

Angel investment is a great alternative for startups who cannot access debt finance to grow their company. Business angels are private investors who choose to invest directly in private companies in return for an equity stake in the target company and (potentially) a position on the board of directors of the target company.