Funding

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.

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.

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.

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.

Startup Adam, now operating in nine UK cities, is revolutionising the way customers find reliable and affordable tradespeople, eliminating long waiting times and uncertain pricing. The company is embarking on a new growth phase, bolstered by a €3 million investment from British Brighteye, a prominent European edtech venture capital fund, in a late-seed funding round.

wamo, a digital business account provider for SMEs, has announced the successful closure of a $5 million bridge to Series A growth funding round. Additionally, the company secured an EU Electronic Money Institution (EMI) licence from Finland’s Financial Supervisory Authority (FIN-FSA), positioning it for accelerated expansion across Europe.

13books Capital has successfully closed a £121 million fund aimed at propelling the next generation of fintech disruptors. This latest fund underscores 13books Capital’s dedication to supporting visionary founders who are redefining the future of financial services.

CultureAI, a Human Risk Management Platform, recently secured $10 million in Series A funding. The round was co-led by Mercia Ventures and Smedvig Ventures, with continued backing from existing investors Passion Capital and Senovo.

Science faces a reproducibility crisis, with more than 50% of preclinical research experiments failing to replicate, costing the industry over $50 billion annually. Addressing this issue, techbio startup Briefly Bio has launched software to enhance reproducibility by helping scientists document and share their work clearly and consistently.

Activewear brand TALA, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has successfully secured £5 million in new investment.

OCN, previously known as “OneCarNow”, has secured an impressive $86 million in Series A funding. This funding round, which combines equity and debt, signifies strong confidence in the company’s business model and its successful track record.

Hey Savi, the UK-based fashion search and recommendation platform, has announced a £2.2 million investment. This significant pre-seed funding round marks one of the largest for an all-female founded tech startup in the UK.

Syntetica, a startup specialising in nylon recycling, has successfully raised €4.2 million in a seed round. Leading the investment was EQT Ventures, joined by the family offices of Peugeot and ETAM, Volta Circle (Indorama Ventures’ shareholders family office), Better Angle, Pareto Holdings, Athletico Ventures, Bear Flag Capital, and notable angel investors including two-time Formula-E champion Jean-Éric Vergne, IDEC Group CEO Patrice Lafargue, and former tennis player Paul-Henri Mathieu.

LegalFly, a legal AI platform, announced it has secured over €15 million in Series A funding. The round was led by Notion Capital, with additional backing from Redalpine and Fortino Capital.

Defence AI innovator Helsing has secured €450 million in a Series C funding round, led by General Catalyst. The round also saw participation from prominent investors such as Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoaks.

Grand Games, a mobile gaming company transforming social game development, has raised $3 million in pre-seed funding and soft-launched its inaugural game just four months after its inception. The funding round was spearheaded by Earlybird Digital East Fund, an investor in Peak Games, with additional support from Laton Ventures.