Funding

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.

Splight, an AI startup pioneering grid operations technologies, announced the successful completion of its seed funding round, securing $12M.

Exoticca, a traveltech platform specialising in multi-day tour packages, has secured €60 million in a Series D funding round. The round was led by Quadrille Capital, with new investors All Iron and ICF, alongside existing backers 14W, Mangrove, Bonsai, Sabadell, and Aldea, also participating.

Smart money app Plum has raised £13.4 million in funding from institutional investors, including a second tranche of investment from strategic partner Eurobank. New anchor investor iGrow Venture Capital has joined the round, alongside previous investors such as Venture Friends and Ventura Capital.

NetFabric, a spin-off from ETH Zurich, has announced the successful closure of a $2.2 million pre-seed funding round. This investment, led by Founderful and Playfair Capital, marks a significant milestone in NetFabric’s quest to revolutionise network observability.

From the rugged coasts of Cornwall, Waterhaul emerges as a beacon of innovation in the battle against plastic pollution. Transforming discarded fishing nets into stylish sunglasses, this enterprise embodies sustainable change.

Wealthbrite, a company known for its AI-driven accelerator programmes, has secured £200,000 in pre-seed funding from angel investors to facilitate its expansion into new markets.

Bryd, a consultancy specialising in productivity and a Slack-first partner, recently secured $300,000 in seed funding from angel investors. This milestone underscored Bryd’s mission to revolutionise how businesses utilise and comprehend Slack’s extensive features.

Definely, a LegalTech firm based in the UK and dedicated to simplifying legal documents, has announced a strategic investment from Raine Ventures, the venture arm of US investment firm The Raine Group.