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 Deepki, Builder, Goodlord, and more. In exits, we will cover the acquisition of Acacia Pharma by Eagle Pharmaceuticals among others.
Starting with our deep dive into funding rounds, tech companies in the United Kingdom raised over $486 million of funding across 28 funding rounds during this week.
In a major funding round event, Energy Tech startup, Deepki, raised close to $166 million in a Series C funding round led by One Peak Partners and Highland Europe with participation from Revaia, Bpifrance, Hi Inov, and others. Deepki is a provider of web-based solutions for energy monitoring of buildings. The company collects data from customers and provides a customized dashboard and analysis solution with appropriate action plans for energy improvement measures. Founded in 2014, London-based Deepki has raised $177 million till date.
London-based Enterprise Infrastructure startup, Builder, raised $100 million in a Series C funding round led by Insight Partners with participation from International Finance Corporation, WndrCo, and Jungle Ventures. Builder is a provider of an AI-based low code development platform. The products offered by the company are BuilderStudio, BuilderCare, and BuilderCloud. Builder provides a solution to develop software without coding using a drag and drop feature. Builder's product features include migration, customization, cloud wallets, and more. Founded in 2013, Builder has raised $195 million till date.
Real Estate and Construction Tech startup, Goodlord, raised over $35 million in a Series B funding round led by Highland Europe, Columbia Lake Partners, and Latitude with participation from Oxx, and Finch Capital. Goodlord is a cloud-based software platform enabling real estate landlords to manage their rental properties. The platform enables agencies, landlords, and tenants to manage rental processes and tenancy transactions electronically to minimize costs. Goodlord allows tenants to sign for a property using e-signature, make monthly rent payments, and brand their products online. Founded in 2014 by University of Oxford alumni, London-based Goodlord has raised close to $70 million till date.
nDreams, a Gaming Tech startup, raised $35 million in a Series B funding round from Mercia. nDreams is a developer of Indie VR games. nDreams develops VR-based entertainment content and provides game development services for other companies. Some of the VR games developed by nDreams are Little Cities, Fracked, Far Cry VR, and more. Founded in 2006, nDreams has raised around $47 million till date.
London-based FinTech startup, Yonder, raised over $26 million in a Seed funding round led by LocalGlobe and Northzone with participation from Seedcamp, Oliver Kent-Braham, Matt Robinson, and others. Yonder is a provider of rewards-based credit cards for individuals. Users can earn points for every dollar spent using the card. Yonder also displays handpicked experiences which are updated every month along with payment tracking and other functionalities. Founded in 2020, Yonder has raised over $27 million till date.
Enterprise Applications startup, Sourceful, raised $20 million in a Series A funding round led by Index Ventures with participation from Coatue, and Eka Ventures. Sourceful is a provider of a web-based sustainable sourcing platform. The platform helps businesses to customize their sustainable products, track carbon footprints, and make designs with real-time data. Sourceful also provides carbon offset and sustainability reports to upgrade sourcing and auto stocks. Founded in 2020 by University of Cambridge alumni, London-based Sourceful has raised close to $32 million till date.
Vaarst, an Enterprise Applications startup, raised $20 million in a Series B funding round led by Legal & General with participation from Equinor, Foresight Group, and In-Q-Tel. Vaarst is a provider of AI-based analytics solutions for marine robotics. Vaarst's cloud-based platform uses computer vision technology to capture 3D point clouds, store, manage, and analyze data. Vaarst's product features include 3D live streaming and geo-referencing. Founded in 2015, Bristol-based Vaarst has raised $20 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 03 Apr 2022.
Cambridge-based Life Sciences startup, Acacia Pharma was acquired by Eagle Pharmaceuticals. Acacia Pharma is a developer of therapeutic solutions for cancer treatment. Acacia Pharma offers injectable and oral drugs for the treatment of cancer symptoms like fatigue, nausea, and vomiting. The company also offers APD403 - chemotherapy for the treatment of cancer. Founded in 2006 by University of Nottingham alumni, Acacia Pharma has raised over $33 million till date from Hercules Capital, F-Prime Capital, Eight Roads Ventures, and others.
London-based FinTech startup, Azimo was acquired by Papaya Global. Azimo is a banking channel for cross-border money transfers. Azimo allows users to access current pricing lists, track transactions, and transfer funds through debit and credit cards. Azimo gives users the option to donate a portion of the money they transfer to charities working in developing countries. Founded in 2012, Azimo has raised close to $69 million till date from Silicon Valley Bank, Rakuten Capital, Frog Capital, and others.
Real Estate and Construction Tech startup, Howsy was acquired by Dexters. Howsy is a provider of SaaS-driven rental management platforms for owners and property managers. Howsy enables landlords to market the property on various listing portals. The platform offers features such as listing on MLS, credit checks, rent collection, insured contracts, compliance reminders, repair management, and others. Founded in 2016, London-based Howsy has raised around $10 million till date from PPE CAPITAL, Skybound Capital, Richard George, 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.
