Mar 07, 2022 - Insider raised $121 million, The Floow by Otonomo

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week.

In this edition, we will cover funding rounds of SumUp, Gearset, Playter, and more. In exits, we will cover the acquisition of F-star by Sino Biopharmaceutical Group Company, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised over $1.5 billion of funding across 31 funding rounds during this week.

In a major funding event, London-based FinTech startup, SumUp, raised $623 million in a funding round led by Bain Capital with participation from Centerbridge Partners, Crestline, and BlackRock. SumUp offers an mPoS suite to merchants which includes an app and a card reader for payment acceptance. The merchant enters the order details in the app which are transferred to the card reader. The consumer enters the PIN for the payment cards and completes the transaction. Founded in 2012 by Stanford University alumni and Stanford Business School alumni, SumUp has raised over $1 billion till date.

Enterprise Infrastructure startup, Gearset, raised $55 million in a funding round led by Silversmith. Gearset provides a platform for release management of applications based on Salesforce technology. The platform's features include automation of releases, testing, scheduling automatic deployments, automated identification of pre-deployment issues, issues management, and more. Gearset's platform can integrate with multiple source code controlling platforms such as GitHub, compare and display the differences in the codes in a particular file, and allow users to select the version they want to keep in the production. Founded in 2014, Cambridge-based Gearset has raised $55 million till date.

Playter, an Enterprise Applications startup, raised $55 million in a funding round led by Adit Ventures, and Fasanara, with participation from Act Venture Capital, Fin Capital, and 1818 Venture Capital. Playter is an online recruitment financing platform for enterprises. It offers a platform on a subscription basis to fund SME recruitment agencies for the recruitment process. Founded in 2020, London-based Playter has raised around $58 million till date.

London-based InsurTech startup, Instanda, raised $45 million in a Series B funding round led by Toscafund Asset Management with participation from Dale Ventures. Instanda provides a SaaS-based software suite for the insurance industry. Its solution includes product lifecycle management, digital engagement, risk management, premiums calculation, insurance distribution, and more. Instanda also offers solutions for product development, insurance underwriting, customer acquisition, and more. Founded in 2015, Instanda has raised close to $72 million till date.

Enterprise Applications startup, CloudNC, raised $45 million in a Series B funding round led by Autodesk with participation from QVentures, Atomico, British Patient Capital, and others. CloudNC is a provider of cloud-based CNC machine controlling and optimizing solutions. CloudNC provides artificially intelligent solutions to control and optimize the performance of CNC machines automatically. It offers CAM assist - an optimal planning system, and AI-based cutting tools technologies for automating the manufacturing processes. Founded in 2015, London-based CloudNC has raised around $57 million till date.

Hokodo, an InsurTech startup, raised $40 million in a Series B funding round led by Notion with participation from Mosaic Ventures, Korelya Capital, Mundi Ventures, and others. Hokodo provides API for invoicing platforms & marketplaces. It offers customer-centric insurance and financing solutions to e-invoicing platforms, marketplaces, and cloud accounting platforms. It offers invoice protection for transactional risk management and secure freight to protect customers' goods in transit. Founded in 2018 by University of Oxford alumni, London-based Hokodo has raised close to $55 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 14 exits during the week of 26 Jun 2022.

Cambridge-based Life Sciences startup, F-star, was acquired by Sino Biopharmaceutical Group Company for $161 million. F-star is a developer of bispecific antibodies to improve cancer treatment. It is developing antibody products with a focus on immuno-oncology and inflammation. F-star's lead program is FS118, which targets immune checkpoints for treating head and neck cancer. Founded in 2006, F-star has raised close to $48 million till date from SR One, Aescap Venture, Mp-Healthcare, and others.

KnownOrigin, a Wilmslow-based FinTech startup, was acquired by eBay. KnownOrigin is an online marketplace for digital art and NFT crypto art. KnownOrigin is built on the Ethereum blockchain and enables users to discover, collect, and invest in limited edition digital artworks from various artists and creatives. Users can access the marketplace by connecting wallets such as MetaMask, WalletConnect, Fortmatic, and more. Founded in 2020 by University of Manchester alumni, KnownOrigin has raised over $4 million till date from D1 Ventures, GBV Capital, LD Capital, and others.

London-based EdTech startup, Boclips, was acquired by Achieve Partners. Boclips is a learning resource provider for teachers. Boclips provides solutions for publishers and teachers. It enables users to find, license, and use videos from producers and broadcasters for teaching. Founded in 2014 by University of Manchester alumni, Boclips has raised over $4 million till date from Nexus Group, NVM Private Equity, Nex.D, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Zoovu, Allica Bank, Playermaker, and more. In exits, we will cover the acquisition of Sugar by Uncapped, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised over $346 million of funding across 25 funding rounds during this week.

In a major funding round event, Enterprise Application startup, Zoovu, raised $169 million in a Series C funding round led by FTV Capital. Zoovu is a provider of an AI-based contextual marketing platform for omnichannel retailers. Zoovu offers a conversation builder to define the conversation flow and logic. It can analyze the product catalog and uses the dynamic data tagging feature to transform specifications into human-friendly labels. Its AI assistants continuously learn about customer behavior through interaction and adapt engagement accordingly. Founded in 2006, London-based Zoovu has raised $200 million till date.

London-based FinTech startup, Allica Bank, raised around $67 million in a Series B funding round. Allica Bank is a digital bank for individuals and businesses. Its services include savings and current accounts, money transfers, business loans including commercial mortgage and investment loans, bill payments, finance management, and more. Allica Bank also offers a personal savings account for consumers. Founded in 2017, Allica Bank has raised $348 million till date.

Technology startup, Playermaker, raised $40 million in a funding round led by Ventura Capital with participation from MIG CAPITAL, and Pegasus Tech Ventures. Playermaker is a wearable device providing football-focused analysis. It offers on-footwear sensors that provide detection of foot and ball interactions. Its product features include technical analysis, tactical analysis, physical analysis, load analysis, video analysis, and more. Founded in 2002, London-based Playermaker has raised $50 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 10 exits during the week of 18 Jun 2022.

London-based FinTech startup, Sugar, was acquired by Uncapped. Sugar provides an online lending platform for business loans. Sugar offers advance financing of video games tax relief to gaming and app studios industries. It also offers a revenue-based financial model for its business customers to repay loans. Founded in 2019, Sugar has raised close to $2 million till date from Passion Capital, Velo Partners, and Victoria Van Lennep. 

Media & Entertainment startup, Sonantic, was acquired by Spotify. Sonantic offers AI-based text to speech solutions. Sonantic provides a platform where users can enter text and the text will be converted to speech using AI. The text can be converted to various voices and languages. Founded in 2018 by Stanford University alumni, London-based Sonantic has raised over $2 million till date from January Ventures, EQT Ventures, AME Cloud Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Multiverse, Codat, Bud, and more. In exits, we will cover the acquisition of Fixter by Renault Group, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised around $709 million of funding across 27 funding rounds during this week.

In a major funding round event, London-based Enterprise Applications startup, Multiverse, raised $220 million in a Series D funding round led by StepStone Group, Lightspeed Venture Partners, and General Catalyst Partners with participation from GV, Bond Vet, Audacious Euan Blair, and others. Multiverse is an online apprenticeship discovery platform. It enables non-graduates to find apprenticeship opportunities in companies. Its offerings include online training modules for subjects such as IT support, digital marketing, social media, business administration, customer service, career advice, and others. Founded in 2015 by University of Oxford alumni and University of Cambridge alumni, Multiverse has raised $414 million till date.

FinTech startup, Codat, raised $100 million in a Series C funding round led by JPMorgan with participation from Canapi Ventures, Index Ventures, PayPal, and others. Codat is a cloud-based financial analysis and forecasting solution provider for small & medium businesses. It offers a single API platform providing seamless integrations with multiple data source software including accounting, banking, and more. Codat provides services to a wide variety of clients, including banks, insurers, business leaders, and software providers. Founded in 2017 by University of Oxford alumni and University of Cambridge alumni, London-based Codat has raised $172 million till date.

London-based FinTech startup, Bud, raised $80 million in a Series B funding round from Goldman Sachs, TDR Capital, and HSBC. Bud provides an open banking API and financial data analysis solution for businesses. Bud is an account-linked expense management platform that allows users to manage finances, connect bank accounts, credit cards, and customize budgets by automatically categorizing expenses. It also provides access to various financial products such as pensions, insurance, currency exchange, investments, and more. Founded in 2015, Bud has raised $103 million till date.

Consumer startup, Let’s Do This, raised $60 million in a Series B funding round led by Craft Ventures with participation from NFX, Headline, EQT Serena, and others. It is a provider of a booking platform for multiple sports activities. It enables users to book sports events across various categories such as cycling, swimming, and running. Users can find events for their preferred sport, at the desired time and place and book a ticket or passes for the same. Founded in 2016 by University of Cambridge alumni, London-based Let’s Do This has raised around $80 million till date.

London-based Energy Tech startup, Protium, raised close to $51 million funding round from SWEN Capital Partners. Protium is a provider of green hydrogen refueling solutions. It offers Hesco - an end-to-end, sustainable hydrogen energy solution using renewable energy. Additionally, it also offers heat, transport, and development services for hydrogen generation companies. Founded in 2019, Protium has raised close to $51 million till date.

Charm Therapeutics, a Life Sciences startup, raised $50 million in a Series A funding round led by F-Prime Capital, and Orbimed with participation from Khosla Ventures, Axial Racing, General Catalyst Partners, and others. Charm Therapeutics is a developer of drug discovery technology for cancer treatment. It offers a protein-ligand co-folding technology called DragonFold AI, which is used for developing transformational drugs for the treatment of cancer and other serious diseases. Founded in 2021, London-based Charm Therapeutics has raised $50 million till date.

London-based FinTech startup, Euler, raised $32 million in a funding round led by Haun Ventures with participation from Uniswap, Jump Crypto, and Variant. Euler is a provider of non-custodial protocols for lending and borrowing crypto assets. Its features are permissionless listing, asset tiers, multi-collateral stability pools, and more. Euler also provides governance and treasury tools. Founded in 2020, Euler has raised $40 million till date.

Enterprise Infrastructure startup, CybSafe, raised $28 million in a Series B funding round led by Evolution Equity Partners with participation from Emerald Development Managers, IQ Capital, and HDI Global. Cybsafe is a provider of a cloud-based threat intelligence platform. Its platform provides regular updates based on the latest threat intelligence and alerts users. CybSafe contains interactive training modules covering topics such as phishing, social media, public WiFi, malware, data legislation, breach recovery, and more. Founded in 2015, London-based CybSafe has raised over $40 million till date.

Papercup, an Enterprise Applications startup, raised $20 million in a Series A funding round led by Octopus Ventures with participation from Sky, LocalGlobe, Sands Capital, and others. Papercup is an AI-enabled online video translation platform. Papercup translates the voice track of videos into other languages and allows users to upload videos, translate, and save them. Founded in 2015, London-based Papercup has raised close to $31 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 16 exits during the week of 12 Jun 2022.

London-based Auto Tech startup, Fixter, was acquired by Renault Group. Fixter is an online marketplace offering car maintenance services. Its platform provides users with instant quotes from its list of certified local garages. Its users can book the services online & a trained driver collects the car from home or work at the user's convenience. Founded in 2016, Fixter has raised over $17 million till date from Kamet, Stephane Guinet, Michael Niddam, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Florence, Kroo, Colorifix, and more. In exits, we will cover the acquisition of Codeplay by Intel, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised over $118 million of funding across 12 funding rounds during this week.

In a major funding round event, HealthTech startup, Florence, raised $35 million in a Series B funding round led by AXA Venture Partners with participation from SEEK, and Root Capital. Florence is an online platform for on-demand recruitment of healthcare professionals. The professionals can apply for both short-term and long-term services like temporary nursing shifts based on their convenience. Florence's platform provides feedback on previous engagements for assistance with decision-making. Founded in 2016 by University of Edinburgh alumni, London-based Florence has raised $50 million till date.

London-based FinTech startup, Kroo, raised close to $33 million in a Series B funding round. Kroo is a digital bank for individuals. Kroo offers services such as deposit accounts, cash withdrawals, NFC-enabled debit cards, money-splitting, an expense tracker, and more. It offers real-time notifications of transactions. Founded in 2016, Kroo has raised over $70 million till date.

Chemicals and Materials startup, Colorifix, raised over $22 million in a Series B funding round led by H&M Group with participation from PDS Multinational, SAGANA, Regeneration VC, and others. Colorifix is a provider of microbial-based textile dyeing solutions. Colorifix identifies living organisms that produce specific colored pigments and the genes responsible for their production. Colorifix then creates recombinant DNA incorporating these pigment-producing genes and transfers them into host microbes that multiply and produce the required pigment in bulk. Colorifix's dyes and pigments are then used to colour synthetic and natural textile fibers, avoiding the need for harsh chemicals. Founded in 2016, Norwich-based Colorifix has raised over $25 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 12 exits during the week of 05 Jun 2022.

Edinburgh-based Semiconductors startup, Codeplay, was acquired by Intel. Codeplay provides high-performance compilers and software optimization for multicore processors. Codeplay's offerings include compilers for GPUs, parallel systems, and multi-core processors. Codeplay also develops bespoke C, C++ compilers for specialized processor architectures and mobile media processors. Additionally, Codeplay provides services for its customers by developing compilers, debuggers, and profilers. Founded in 2002 by University of Cambridge alumni, Codeplay has raised close to $3 million till date from Foresight Williams. 

Enterprise Applications startup, Crisp Thinking, was acquired by Kroll. Crisp Thinking is a platform offering reputation management and risk intelligence solutions. Crisp Thinking's real-time risk intelligence solutions protect brands, assets, and people from reputational damage, security threats, and online harm. Crisp Thinking's AI technology has been trained to discover and track the risk signals embedded within digital chatter to provide risk intelligence solutions. Founded in 2005, Leeds-based Crisp Thinking has raised over $31 million till date from Baird Capital, Tech Nation, Colin Brumpton, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Creditspring, uMotif, Urban Jungle, and more. In exits, we will cover the acquisition of Ai London by Lumera, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised close to $215 million of funding across 33 funding rounds during this week.

In a major funding round event, London-based FinTech startup, Creditspring, raised $60 million in a Series A funding round. Creditspring is a platform for personal loans. Creditspring offers a product to improve its customers' financial well-being and present them with an alternative to overpriced loans. Creditspring has applied to the FCA for permission to grant consumer credit. Founded in 2016 by University of Oxford alumni, Creditspring has raised $79 million till date.

HealthTech startup, uMotif, raised over $25 million in a Series B funding round led by Athyrium Capital Management with participation from LP. uMotif is a cloud-based application for patient engagement and care coordination. uMotif offers a SaaS application that allows patients to track their own health and progress using a mobile app. uMotif quantifies a patient's activity between visits through self-reporting and provides reminders and alerts for adherence. Founded in 2012, London-based uMotif has raised over $35 million till date.

Urban Jungle, an InsurTech startup, raised over $20 million in a Series A funding round led by Intact Ventures with participation from Ingka, Eka Ventures, and Rob Devey. Urban Jungle is a home content insurance platform for renting and sharing economies. Urban Jungle provides cover against flood, fire, storm damage, theft, vandalism, and accidental damage. Founded in 2016 by an ex-Facebook employee, London-based Urban Jungle has raised over $41 million till date.

London-based Real Estate and Construction Tech startup, Converge, raised close to $19 million in a Series A funding round from OGCI. Converge provides connected sensor networks for monitoring construction projects. Converge uses a combination of hardware sensors, AI, and cloud software that helps in improving visibility and reducing cost. Founded in 2014 by University of Cambridge alumni, Converge has raised close to $19 million till date.

Life Sciences startup, Nature Metrics, raised $15 million in a Series B funding round led by 2150 with participation from SYSTEMIQ, BNP Paribas, Ananda Impact Ventures, and others. Nature Metrics is a developer of molecular methods for biodiversity assessment. The company offers solutions for environmental management by providing GCN eDNA service for water, metabarcoding that generates diverse data for entire communities using genomics, and metagenomics studies. Founded in 2014, Egham-based Nature Metrics has raised over $27 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 7 exits during the week of 29 May 2022.

London-based FinTech startup, Ai London, was acquired by Lumera. Ai London is a provider of wealth management solutions. The company builds and manages CRM, PAS, and data analytics solutions. Ai London offers solutions such as Ai-CRM for customer relationship and risk management, Ai-PAS for insurers to optimize business outcomes, and Ai-BDA which uses artificial intelligence, Blockchain, external data sources, and investment systems to build and test engagement type products. Ai London was founded in 2014.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Thought Machine, Modulr Finance, Buildots, and more. In exits, we will cover the acquisition of Qmee by Kantar, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised around $489 million of funding across 27 funding rounds during this week.

In a major funding round event, London-based FinTech startup, Thought Machine, raised $160 million in a Series D funding round led by Temasek with participation from ING, JPMorgan Chase, MorganStanly, and others. Thought Machine achieved unicorn status in the year 2021 when it raised $200 million from Nyca, JPMorgan, and others. Thought Machine is a provider of cloud-based core banking solutions. Thought Machine provides an API-based solution for bank functions including the design and implementation of digital banking products such as loans, credit cards and mortgages, vaults, and more. Founded in 2014 by University of Edinburgh alumni, Thought Machine has raised $572 million till date.

London-based FinTech startup, Modulr Finance, raised $108 million in a Series C funding round led by General Atlantic with participation from Blenheim Chalcot, Highland Europe, PayPal, and others. Modulr Finance provides API payments infrastructure solutions to embed payment services into the business's software. Businesses can open unlimited accounts, with sort codes or Euro IBANs. Modulr Finance's platform enables users to segregate paid-in funds by debtor or payment type, to make reconciliation faster and less manual. Founded in 2015 by University of Oxford alumni, Modulr Finance has raised $188 million till date.

Real Estate and Construction Tech startup, Buildots, raised $60 million in a Series C funding round led by Viola Group, and O.G. Tech with participation from Future Energy Ventures Management, TLV Partners, and Lightspeed Venture Partners. Buildots is an AI-enabled construction process management platform. The platform features include project tracking, subcontractors management, automated work logs, payments management, scheduling, defect management, and more. Buildots leverages AI and computer algorithms to track activities on construction sites. Founded in 2018, London-based Buildots has raised $106 million till date.

Energi, a Blockchain Technology startup, raised $50 million in a Series C funding round led by Gem Digital. Energi is a provider of blockchain-based networks for security and yield farming. Energi offers a dozen farming pools that offer high-yield returns. Users can receive rewards and fee discounts by inviting their friends to trade on DEX. Energi enables users to trade, buy, and store non-fungible tokens. Founded in 2017, Energi has raised $50 million till date.

Life Sciences startup, Vivasure, raised close to $23 million in a Series D funding round from Evonik Venture Capital, Orchestra BioMed, Life Sciences Partners, and others. Vivasure has developed a patented bioabsorbable implant technology and delivery systems. The company has developed a patch-based large-bore percutaneous closure implant using the PerQseal technology. Its implant is CE marked as a fully absorbable implant and percutaneous delivery system for the closure of large arteriotomies in transcatheter procedures. Founded in 2009, Vivasure has raised over $48 million till date.

London-based E-commerce startup, Bike Club, raised close to $21 million in a Series B funding round from Circularity Capital. Bike Club is an online platform offering subscription-based bicycles for kids. The product catalog includes bicycles and accessories like helmets, lights, tools, and more. Bike Club enables users to exchange the bike after a certain period. Founded in 2016, Bike Club has raised around $28 million till date. 

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 5 exits during the week of 22 May 2022.

London-based E-commerce startup, Qmee, was acquired by Kantar. Qmee is an app-based online platform offering rewards. Qmee enables users to earn cashback & rewards by answering the survey questions. Users can also earn by sharing deals with their friends. Some of the websites associated with the company are Amazon, Flipkart, eBay, and more. Founded in 2012 by the University of Cambridge alumni, Qmee has raised over $4 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Paddle, Token, BVNK, and more. In exits, we will cover the acquisition of Blue Sky Network by ACR Group, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised close to $395 million of funding across 25 funding rounds during this week.

In a major funding round event, FinTech startup, Paddle, raised $200 million in a Series D funding round led by KKR with participation from Kindred Capital, Notion, 83North, and others. Paddle provides SaaS-based payment routing solutions for merchants. Paddle offers a checkout service on the merchants' website to enable customers to pay with multiple payment options. Paddle provides solutions for recurring payments, revenue delivery, data compliance, and more. Founded in 2012, Paddle has raised $293 million till date.

FinTech startup, Token, raised $40 million in a Series C funding round led by Cota Capital and TempoCap with participation from PostFinance, Element Ventures, SBI Mutual Fund, and others. Token provides open banking solutions. Token offers an operating system allowing banks and developers to develop open banking applications. It offers TokenOS - which allows payment service providers and merchants to access direct payments and account information. Founded in 2015 by Massachusetts Institute of Technology alumni, London-based Token has raised around $90 million till date.

London-based FinTech startup, BVNK, raised $40 million in a Series A funding round led by Tiger Global Management with participation from The Raba Partnership, Avenir Growth Capital, Concentric, and others. BVNK is a provider of crypto-based treasury and payment solutions for businesses and partners. The platform integrates crypto and fiat banking with payments, trading, custody, and yield into users' accounts. Additionally, it offers cross-border payment solutions. Founded in 2019, BVNK has raised $40 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 5 exits during the week of 15 May 2022.

Newport-based Transportation and Logistics Tech startup, Blue Sky Network, was acquired by ACR Group. Blue Sky Network provides GSM and iridium-based fleet management and satellite tracking solutions. The company offers solutions for aviation, land, and marine industries. Its features include fleet management, safety, asset tracking, flight tracking, flight following, personnel tracking, logistics or business process improvements, supply chain management, and more. Founded in 2001, Blue Sky Network has raised $1 million till date from Aspect Investors, Bradford Brown Capital Partners, Iron Creek Partners, and others. 

E-commerce startup, Trouva, was acquired by MADE. Trouva is an online retailer of multi-category fashion products. The product catalog includes clothing, footwear, fashion accessories for men, women, and kids. Trouva also offers lifestyle products, home care, garden supplies, and more. Founded in 2013 by University of Cambridge alumni, London-based Trouva has raised over $40 million till date from LocalGlobe, Pillion Capital, Index Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of VitroLabs, SLAMcore, Decrypt, and more. In exits, we will cover the acquisition of Ocean Outdoor by Atairos among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised close to $85 million of funding across 13 funding rounds during this week.

London-based E-commerce startup, VitroLabs, raised $46 million in a Series A funding round led by Agronomics with participation from Khosla Ventures, Bestseller, Kering, and others. VitroLabs is a provider of artificial, lab-grown leather materials. VitroLabs develops alternative leather by conducting a biopsy of animal cells in a simulated environment. It uses seeded cells and nutrients to develop an animal hide, which then undergoes the tanning process. Founded in 2016, VitroLabs has raised $55 million till date.

Enterprise Applications startup, SLAMcore, raised $16 million in a Series A funding round led by ROBO Global, and Presidio Ventures with participation from Amadeus Capital, IP Group, MMC Ventures, and others. SLAMcore is a provider of localization and mapping algorithms for multiple applications. SLAMcore offers algorithms for AR/VR systems, mobile robotics, drones, and autonomous vehicles. The company uses sensor fusion and artificial intelligence technology for devices that need spatial awareness. Founded in 2016, London-based SLAMcore has raised $26 million till date.

Decrypt, a Media & Entertainment startup, raised $10 million in a Series A funding round led by ConsenSys Mesh with participation from Hack VC, Protocol Labs, HoneyDAO, and others. Decrypt is an online platform offering multi-category news. Decrypt offers news and information on multiple topics such as technology, cryptocurrency & blockchain, politics, art & culture, education, reviews, and more. Founded in 2012, London-based Decrypt has raised $10 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 5 exits during the week of 08 May 2022.

London-based Enterprise Applications startup, Ocean Outdoor, was acquired by Atairos for $580 million. Ocean Outdoor is a digital OOH network for large-format digital billboards, landmarks, and premium banner locations. Ocean Outdoor provides various OOH advertising options and integrates with different technologies such as Wi-Fi, live data feed, live video stream, scoreboard, and more. Founded in 2007, Ocean Outdoor has raised over $11 million till date from Searchlight Capital, LDC, and Smedvig Capital. 

Enterprise Applications startup, TranslateMedia, was acquired by Toppan Leefung. TranslateMedia is a provider of professional translation, localization, and transcreation services. It uses its proprietary tools and an online translation management system that allows the user to upload files for obtaining an instant quote based on the word count. TranslateMedia also uses a machine translation system based on neural networks. London-based TranslateMedia was founded in 2004.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Starling Bank, OMass Therapeutics, Argent, and more. In exits, we will cover the acquisition of Zeelo by Swvl and the IPO by Benevolent, among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised close to $416 million of funding across 20 funding rounds during this week.

In a major funding round event, London-based FinTech startup, Starling Bank, raised over $166 million in a Series D funding round led by Goldman Sachs with participation from Qatar Investment Authority, Railpen, Fidelity Investments, and others. Starling Bank achieved unicorn status on 8th March 2021 when it raised $376 million from Fidelity Investments, RPMI Railpen, Qatar Investment Authority, and others. Starling Bank is a digital bank for consumers and businesses. Its services include deposit accounts, money transfers, consumer and business loans, prepaid and corporate cards for online or offline purchases, bill payments, and more. Founded in 2014 by the University of Cambridge alumni, Starling Bank has raised around $1 billion till date.

Life Sciences startup, OMass Therapeutics, raised $100 million in a Series B funding round led by GV, NorthPond Ventures, and Sanofi Ventures, with participation from the University of Oxford, Syncona, and Oxford Science Enterprises. OMass Therapeutics is a developer of mass spectrometry-based protein assembly analysis solutions. OMass Therapeutics detects drug leads that bind to the target complex and also exert a functional effect through modulation of complex formation. Founded in 2016, Oxford-based OMass Therapeutics has raised $154 million till date.

London-based FinTech startup, Argent, raised $40 million in a Series B funding round led by Fabric Ventures, and Metaplanet, with participation from Animocabrands, Creandum, Index Ventures, and others. Argent is a provider of mobile wallets for cryptocurrency and non-fungible tokens. Its features include readable address names, biometric authentication, integrated decentralized exchange of tokens, daily limit tracker, and money transfer. Founded in 2017 by an ex-Amazon employee, Argent has raised $56 million till date.

Rooser, an Online Grocery startup, raised close to $25 million in a Series A funding round led by Index Ventures with participation from GV, Point Nine, Dylan Field, and others. Rooser is an online platform that connects seafood buyers and suppliers. The platform provides suppliers with tools to trade efficiently, negotiate prices, and process deliveries. Founded in 2019 by the University of Chicago Booth School of Business alumni, Edinburgh-based Rooser has raised close to $28 million till date.

FinTech startup, Outfund, raised $20 million in a Series A funding round led by Force Over Mass Capital with participation from PostFinance, 1818 Venture Capital, and Tribe Capital. Outfund is an alternative investment platform focused on venture capital funds and bank loans. Outfund enables users to invest in e-commerce, SaaS companies, retail companies, and more. It also provides loans to businesses for working capital or inventory. Founded in 2020, London-based Outfund has raised $20 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 9 exits during the week of 01 May 2022.

London-based Auto Tech startup, Zeelo, was acquired by Swvl for $100 million. Zeelo offers an internet first autonomous coach ride-sharing platform. Zeelo facilitates direct coach travel by intelligently pooling travelers together and matching them with a flexible supply network of buses or executive coaches. Founded in 2016, Zeelo has raised around $21 million till date from InMotion Ventures, Mobility Ventures, ETF Partners, and others.

Consumer Services startup, Laundrapp, was acquired by Laundryheap. Laundrapp is an online-based dry cleaning services provider. The platform offers on-demand laundry, ironing, and dry cleaning services, with free doorstep delivery and collection of the clothes. Founded in 2014, London-based Laundrapp has raised over $16 million till date from Timezone Ventures, Hambro Perks, Atami Capital, and others.

In another major development this week, Benevolent, a London-based HealthTech startup, went public. The IPO pegs the valuation of the company at nearly $2 billion. Benevolent is a provider of an AI-based platform for drug discovery and development. The platform provides machine-curated relationships and proprietary insights on diseases, machine learning models for target identification, and identification of patient genotypes for precision medicine. Benevolent was founded in 2013 and has raised close to $282 million across several funding rounds. Major investors who backed the company in its early stages include enterprises like Temasek, Woodford Investment Management, and Tech Nation.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in the United Kingdom from last week. 

In this edition, we will cover funding rounds of Pollen, Gravity Sketch Limited, TestCard, and more. In exits, we will cover the acquisition of Ziglu by Robinhood among others.

Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised over $212 million of funding across 20 funding rounds during this week.

In a major funding round, London-based Media & Entertainment startup, Pollen, raised $150 million in a Series C funding round from Lansdowne Partners, Backed, Sienna, and others. Pollen is an online marketplace provider for local events. It enables users to view and book events such as travel, festivals, and nightlife experiences. Pollen includes features like membership-based payments, member support, a ticketing platform, and more. Founded in 2010, Pollen has raised $212 million till date.

Technology startup, Gravity Sketch Limited, raised $33 million in a Series A funding round led by Accel with participation from Forward Partners, GV, Kindred Capital, and others. Gravity Sketch Limited is a provider of a 3D sketching tool for VR applications. The platform comprises a pen and pad specifically designed for sketching in real space through the use of augmented reality glasses and visualizing the product in real-time. The pen and the pad give the physical interaction of drawing in the digital world and by adjusting the plane the user can give volume to the sketch. The virtual model can be printed using a 3D printer. Founded in 2014, London-based Gravity Sketch Limited has raised $40 million till date.

London-based HealthTech startup, TestCard, raised $10 million in a Series B funding round. TestCard is a provider of app-based self-diagnostic urine test kits for testing at home. The prototype diagnostic urinalysis kit is embedded into a postcard with a pop-out urine test panel. The cards come in a pouch that contains the urine test kits to test glucose levels, malaria, and urinary tract infection. TestCard's platform will analyze the test panel and provide a diagnosis of urinary tract infections, glucose levels, sexually transmitted infections, and pregnancy testing results instantly that can be viewed by the users. Founded in 2016, TestCard has raised around $18 million till date.

FinTech startup, Ellis, raised over $5 million in a Seed funding round led by Kindred Ventures with participation from Castle Island, Dreamers, The Twenty Minute, and others. Ellis is a digital bank for international students. Its services include digital accounts, prepaid cards for international purchases, bill payments, money transfers, and more. Its features include co-signing services, social security cards, student visas, tax returns, and more. Founded in 2021, London-based Ellis has raised over $5 million till date.

This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 6 exits during the week of 24 Apr 2022.

FinTech startup, Ziglu, was acquired by Robinhood. Ziglu is an internet-first bank focused on cryptocurrencies. Its account allows consumers to hold traditional, foreign, and digital currencies in a single account. Additionally, users can buy and sell cryptocurrencies. Founded in 2018 by University of Cambridge alumni and University of Warwick alumni, London-based Ziglu has raised over $28 million till date from Angel Investment Network, Eterna Capital, Love Capital, and others. 

London-based Enterprise Applications startup, Calipsa, was acquired by Motorola Solutions. Calipsa is a cloud-based video analytics solutions provider. Calipsa uses deep learning technology to visually inspect, detect and filter out false alarms through its platform. It provides analytics, and also detects and prevents crime. Calipsa was founded in 2016.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.