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 Fetch.ai, Huma, Skyports, and more. In exits, we will cover the acquisition of Credit Kudos by Apple among others.
Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised close to $331 million of funding across 29 funding rounds during this week.
In a major funding round event, Cambridge-based Enterprise Applications startup, Fetch.ai, raised $150 million in a Series A funding round led by MEXC Global with participation from Bybit and Huobi. Fetch.ai is a blockchain-based application development platform. Fetch.ai provides an open access-based, tokenized, and decentralized machine learning network to deliver a self-organizing framework for transactions. The system consists of autonomous digital agents that can transact independently of human intervention and can represent people, machines, or themselves. Fetch.ai allows users to buy and sell digital assets autonomously with contracts, payments, and execution. Founded in 2017 by University of Cambridge alumni, Fetch.ai has raised close to $172 million till date.
HealthTech startup, Huma, raised $33 million in a Series C funding round led by AstraZeneca. Huma is a developer of an app suite for patients and doctors. The product offerings are Medopad - a remote patient monitoring app, and Biobeats - an app and wearable device that measures health data such as heart rate variability, sleep patterns, activity, and mood that are collected in real-time for employees. Huma provides continuous blood pressure monitoring without a cuff. Founded in 2011by University of Oxford alumni, London-based Huma has raised $190 million till date.
London-based Auto Tech startup, Skyports, raised $23 million in a Series B funding round from SolarVentus, Irelandia Aviation, Greenpoint Ventures, and others. Skyports is a provider of solutions for operating vertiports and drone delivery management. It provides software for managing airport passengers and cargo, as well as end-to-end drone delivery management solutions for medical, e-commerce, and logistics companies. Founded in 2017 by Harvard Business School alumni and University of Oxford alumni, Skyports has raised $38 million till date.
Shufti Pro, a FinTech startup, raised $20 million in a Series A funding round led by Updata. Shufti Pro is a provider of KYC and AML solutions for businesses. Shufti Pro features machine learning-based solutions for face identification and the verification of addresses, documents, handwritten notes, customers and investors, and more. It offers integration with Android and iOS devices, APIs, and hosted KYC. Founded in 2017, London-based Shufti Pro has raised $20 million till date.
FinTech startup, Causal, raised $20 million in a Series A funding round led by Coatue and Accel with participation from Jeremy Stoppelman, Sam Bankman Fried, Akshay Kothari, and others. Causal offers cloud-based financial planning and predictive analytics solutions for businesses. Causal includes features such as financial planning and reporting, budget tracking, financial modeling and forecasting, data visualization, simulation, ROI calculation, sensitive analysis, performance marketing, and more. Founded in 2019 by University of Oxford alumni, Causal has raised over $25 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 27 Mar 2022.
London-based FinTech startup, Credit Kudos, was acquired by Apple for over $150 million. Credit Kudos offers open banking API solutions to check credit scores for individuals and businesses. Credit Kudos offers features such as income verification, affordability and risk insights, fraud prevention, customer management, and more. Credit Kudos aggregates and interprets transaction data to be used by lenders, brokers, and financial institutions. Founded in 2015, Credit Kudos has raised close to $13 million till date from NFT Ventures, Ascension, Christian Edouard Faes, 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.
