Precision solutions provider Cogna, which uses AI-powered software development to address complex business inefficiencies across critical industries, has raised $15 million in series A funding.

iwoca, one of Europe’s largest SME lenders, has announced a new £200 million package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.

Paloma Health, the AI-enabled healthtech startup reducing wait times for access to critical NHS health services, has raised £2 million in a pre-seed round. The round was led by Triple Point Ventures, with co-investors Heal Capital and expert angels, including Pam Garside, Co-Chair Cambridge Health Network, and James Allgrove, ex-Stripe. The funding will support the roll-out of Paloma Health’s first NHS service providing access to children and young people’s autism assessments in under four weeks.  

tozero, a European startup in the sustainable lithium-ion battery recycling space, has raised €11 million in an oversubscribed seed round led by NordicNinja. New investors joining this funding round include In-Q-Tel (IQT), automotive giant Honda, and global infrastructure engineering giant JGC Group. Existing investors including Atlantic Labs, Verve Ventures and Possible Ventures, also doubled down.

In Parallel has successfully closed a €2.8 million seed funding round from Lifeline Ventures, helping the company scale its AI-powered approach to strategy execution management.

British prosthetics manufacturer, Open Bionics, is on a mission to make bionic arms accessible to people with limb differences, and is set to accelerate its expansion in the US and DACH markets thanks to an innovative high growth lending solution offered by NatWest.

MintNeuro, a startup working on scalable, low-power semiconductor technology for minimally-invasive neural implant applications, has announced it has raised £1 million in a funding round led by Empirical Ventures. Additional investment came from Parkwalk Advisors (through the Imperial College Enterprise Fund), Imperial College London, Plug & Play, Excellis Holding, and several prominent angel investors.

Workflow, a company building AI software for design, marketing, and product teams has announced it has raised $3 million in pre-seed funding in a round led by early Revolut-investors, Venrex. Investors in the oversubscribed round included 8VC, backers of Asana, and scout funds from Sequoia, Octopus, and Index Ventures. The round saw investors back exited founders Will Taylor (Rota.com), Allis Yao (ex-Instagram, Spirito AI), and Paul Sangle, (Mailwiz.app, ex-Yelp product lead).

AshGrove Capital an independent pan-European specialty lender, has announced the final close of AshGrove Specialty Lending Fund II at the hard cap of €650 million, surpassing its target of €500 million.

Future Planet Capital is working with NatWest Cushon, with a view to the Cushon Master Trust potentially making an investment in the British Co-Investment Fund (BCF). Any future investment will be subject to commercial terms, due diligence, and Trustee approval. If approved, NatWest Cushon’s participation would signify a major step forward, creating new avenues for British pension funds to access high-growth, private technology companies at scale.

Revolver Therapeutics is pleased to announce its new funding is from UK Innovation Science and Seed Fund (UKI2S), managed by Future Planet Capital, and from o2h Ventures to progress its transcription factor inhibitors. 

Tenity, the global fintech innovation ecosystem and early-stage VC, releases its third Climate Fintech Report. Drawing on data from 750 startups worldwide, the report highlights the subsector's resilience to economic challenges and its leading position in gender equality in venture funding, with female-founded or led companies achieving funding parity at pre-Series B rounds.

Atlas.co has announced its $2 million pre-seed funding round led by climate-focused VC fund Pale Blue Dot, high-profile investors Ben Lang (early employee and ex-community lead at Notion), and Andreas Klinger (ex-CTO and founding team at Product Hunt).

Airbound, a drone technology startup, has announced a $1.7 million seed round led by Lightspeed to build the world’s most efficient delivery drone. With its proprietary blended wing body tailsitter design, called TRT, Airbound aims to transform logistics, reducing delivery costs by two orders of magnitude compared to traditional options.

Gendo, the AI platform which transforms how architects and designers bring ideas and sketches to life, has raised a £4.3 million seed round. This comes less than four months after the company emerged from beta and announced their pre-seed raise of £855k.

Aachen-based startup IonKraft GmbH, a spin-off of RWTH Aachen University, has successfully closed a first equity financing round of €3.5 million. The round was co-led by M Ventures (the strategic investment fund of Merck) and TechVision Fund and joined by High-Tech-Gruenderfonds.

Pruna AI, the AI optimisation engine empowering ML teams to simplify code and streamline models, has announced that it has successfully raised $6.5 million in a seed funding round led by EQT Ventures with participation from Daphni, Motier, and Kima, along with support from high profile angels including Roxanne Varza, Hervé Nivon, and Olivier Pomel.

CommBox, an enterprise-grade omnichannel, AI-powered customer experience platform, has announced the completion of a $15 million growth investment round from PSG Equity, a growth equity firm that specialises in partnering with software and technology-enabled services companies to help navigate and capitalise on transformational growth.

Heim Health, a software platform powering at-home healthcare, has announced a £2.2 million seed round to revive community-based healthcare through a tech-led, scalable model of delivery – easing pressure on hospitals and delivering better experiences for patients.

AI hardware startup GEMESYS has successfully raised €8.6 million in a pre-seed funding round led by the Amadeus APEX Technology Fund together with Atlantic Labs. Participation from NRW.BANK, Sony Innovation Fund, and Silicon Valley-based Plug and Play Tech Centre, as well as grant funding from the German government, complemented the round.