Funding

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.

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.

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.

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.

osapiens, an ESG platform offering compliance and sustainability reporting solutions, has secured $120 million in a Series B funding round led by Growth Equity at Goldman Sachs Alternatives.

Melt&Marble, a startup in sustainable designer fats, has secured a significant €2.5 million grant, along with the potential for future equity investment, from the European Innovation Council (EIC).

Green Angel Ventures is a UK-based investor specialising in early-stage climate innovation and focused on reducing or removing carbon emissions.

Transatlantic growth equity investor Kennet has successfully raised €266 million for its largest fund to date, Kennet VI. This new fund is already being deployed into capital-efficient B2B SaaS companies across Europe, including Screendragon in Ireland and the UK, and Fluid Topics in France.

Rent2Cash, the Italian startup offering “rental advance” services, has secured €3 million in a pre-seed round and officially launched its operations in Italy.

Pearl, a figure in dental AI, has announced securing $58 million in Series B funding to advance its mission of improving patient care in dentistry. The funding round, led by Left Lane Capital with participation from Smash Capital, Alpha Partners, Craft Ventures, and Neotribe Ventures, represents the largest investment ever in dental AI.

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the completion of a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a prominent global multi-line insurer.

Fractile, a UK-based company in the AI hardware industry, has emerged from stealth mode and revealed it has secured $15 million (£12 million) in seed funding.

Jarvis, a fintech company dedicated to empowering employees with active retirement planning, has successfully secured £1.8 million in seed funding.

deepc, the developer of an AI operating system for radiologists and enterprise clinical organisations, has announced the successful closure of its Series A with an additional $13 million round.