Funding

UserHub, a User-Based Billing Platform built for B2B SaaS, has secured $3.2 million in pre-seed funding.

Sorted, a London-based recycling tech business, has raised £1.65 million in a seed funding round led by Pi Labs. Other investors include the circular economy-focused fund Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler and angel investors.

With users increasingly favouring mobile applications over computers, attackers are turning their attention toward mobile devices. However, company executives often view security costs as a “necessary evil” due to their indirect impact on revenues. Czech startup Talsec aims to change this perspective by offering specialised tools for app developers that protect against hackers, conceal sensitive information, and detect malicious software. Originating as a spin-off from the Brno-based technology company Monet+, Talsec, after two years of organic growth, has received an investment exceeding 25 million Czech crowns in the first round from London-based Dig Ventures and Czech DEPO Ventures. This funding is intended to accelerate its penetration into the global market and support further development.

The Spanish company PLD Space has attained 120 million euros in funding to date, thus ensuring it can meet its upcoming technological and corporate milestones, culminating in the launch of the MIURA 5 mission at the end of 2025.

Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States.

Equispheres has announced it has completed an initial close on its Series B financing totalling approximately C$20 million.

Manchester-based fintech startup, Lemon, has successfully closed its pre-seed funding round, raising £500,000 to propel the next phase of its development.

Langdock, the platform empowering companies to leverage large language models (LLMs) while staying in control of their data, has raised a $3 million seed round led by General Catalyst alongside La Famiglia.

Grants of up to £150,000 from the UK Games Fund (UKGF) will help 22 high-potential games companies in hiring additional staff, securing publishing deals, and unlocking more private investment.

HoloSurge, an ambitious four-year initiative, has secured one of the largest EU grants in recent history, amounting to €8.9 million. This project unites 14 European leaders in technology and healthcare research, aiming to mitigate the risk of complications during planned surgeries.

The Oxford-based medical technology startup, gaitQ, and the Swiss medical device company, machineMD, recently announced the joint award of a research grant from InnovateUK and Innosuisse. This grant, valued at one million dollars, aims to facilitate the collection and analysis of critical movement data from people with Parkinson’s (PwP).

Found Energy, a cleantech startup building industrial decarbonisation solutions that harness the embodied energy of aluminium, has announced an oversubscribed Seed Round of $12 million.

ICEYE, a leader in synthetic aperture radar (SAR) satellite operations for Earth Observation, persistent monitoring, and natural disaster solutions, today confirmed the signing of a definitive agreement for a $93 million growth funding round, which was oversubscribed.

Skyports, a company specialising in vertiport infrastructure and electric drone operations, announced that the ACS Group, a prominent infrastructure and construction firm, has made a significant equity investment in Skyports, becoming its largest investor.

When developing new drugs, nutritional products, or pesticides, it is essential that unknown molecules are identified accurately. However, this identification process is often lengthy and fraught with failures, leading to unsuccessful regulatory approvals or, more critically, risks to consumer health.

HyLight, an innovator in aerial inspection with its hydrogen airship drones, has successfully raised €3.7 million from venture capitalists and business angels, including Y Combinator, Ring Capital, Kima Ventures, Collaborative Fund, and Tesla co-founder Marc Tarpenning. This funding aims to revolutionise aerial inspection by decarbonising the process.

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: UK FinTech Q1 2024. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space.

SmartCap has revised the terms of the Green Fund Direct Investment Programme, which is dedicated to green technology startups.

Trident IoT, a silicon provider and RF technology company focused on decreasing time-to-market for manufacturers of connected devices, announced the completion of a $10 million fundraising round.

Many entrepreneurs seeking venture capital funding should fully understand the decision-making process and how funds in a VC firm operate. Let’s explore why valuations are crucial for the investment committee and how mathematics works in the VC world.