Funding

Accel, the Silicon Valley investor known for backing Monzo, GoCardless, and Synthesia, has raised a $650 million European startup fund.

Incredible, the London-headquartered fintech, secured $1 million in pre-seed funding to fully launch its platform and app, which aims to provide consumers with an automated, all-in-one credit management solution.

ULEMCo, a UK supplier of hydrogen-based low carbon transport technologies, has completed a funding round worth over £5 million and expanded its investor base.

the Ocean 14 Capital Fund I, focusing exclusively on the multi-trillion-dollar ‘blue economy,’ has announced it has closed on €201 million to support its mission of funding sustainable solutions to improve ocean health.

Currently, oncology staff must manually search thousands of patient health records to find the right trials or care pathways for their patients. Triomics is announcing it has raised $15M to help cancer centres streamline these workflows and process oncology data at scale by applying their framework to build, institution-tuned large language models (OncoLLM) and use case-specific software.

Superfy, the AI-powered social networking platform catering to Gen Z, has successfully raised a further $2.2m in its latest funding round, bringing its total funding to $6.7m.

Mindstone, the upskilling platform bridging the gap between the potential and practical use of AI to boost productivity, announces the launch of its crowdfunding campaign to extend the AI opportunity to its community.

XTEND, the developer of XOS, an AI-driven operating system that is transforming the interaction between humans and drones and robots, announced its £40 million Series B funding.

3t, a player in the provision of training, learning technologies and simulation solutions for safety-critical industries, has achieved a significant milestone in its growth trajectory by successfully issuing bonds on the Norwegian Stock Market, raising $100 million in financing to aid planned strategic acquisitions.

Australia-based Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company’s technology combines engineering and science in a unique capillary-fed alkaline electrolyser that uses less energy to convert water to hydrogen.

Xona, a startup developing a network of small satellites to provide high-precision navigation services, has announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. New investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.

Securing funding is a critical step for startups, often dictating the pace and direction of growth. Business loans remain one of the most traditional and reliable means to raise capital. Understanding the various methods available for securing these loans can empower entrepreneurs to make informed decisions, ensuring they choose the right financial support to match their needs and circumstances.

NEC X, the innovation accelerator and venture studio based in Silicon Valley and supported by the global IT giant NEC, has revealed its latest investment in Multitude Insights. This company offers an AI-powered solution that enhances collaboration and accelerates case resolution for law enforcement agencies and first responders.

Definely, a UK LegalTech company designed to simplify the reading, editing, and understanding of legal documents, has successfully secured Series A funding. The $7 million Series A investment round was spearheaded by Octopus Ventures, with contributions from Cornerstone VC and Zrosk Investment.

For too long, low- and middle-income countries (LMICs) have been disproportionately affected by global health disparities. Despite accounting for over 80% of the world’s population and more than 90% of its disease burden, they only represent 6% of global pharmaceutical revenue.

UK AI company Wayve has announced a $1.05 billion investment to develop the next generation of AI-powered self-driving vehicles, marking the biggest investment in a UK AI company in history.

Kubos Semiconductors, a microLED material technology company, has secured $2 million in funding to boost the development of its innovative cubic GaN technology, which has the potential to double the efficiency of red microLEDs.

The race to develop the first commercially available humanoid robot has been primarily concentrated in the US, until now. mimic, a Switzerland-based startup, is challenging US dominance and joining the robotics race to be the first to take a robotic arm and humanoid hand combination to market using generative AI, as it raises a pre-seed round of $2.5 million.

Symbe, an AI-powered platform that helps sales teams win more deals by automating the creation of tailored business cases, has raised a £1.2m pre-seed round led by Concept Ventures and joined by Pact VC, Notion Capital, and a range of leading angels through Nodes Ventures.

Tuza, the UK platform changing payment processing for small to medium-sized businesses (SMBs), has successfully secured £4 million in a seed funding round led by Connect Ventures, with investment from Northzone, Triple Point, and Entrepreneur First.