£160m for British Chips and 19 Other Rounds | UK Weekly
Welcome to the UK Weekly from Soapbox. Last week £283m in funding was announced across 20 rounds.
The big ones
British-grown chips Olix landed £160m in funding led by Hummingbird Ventures for its photonic AI interference chips taking its valuation to over $1bn
Energy pricing Tem announced its £55m Series B led by Lightspeed Venture Partners to replace opaque energy trading infrastructure with its transaction platform
Best of the rest
Stepping on the ladder Tembo secured £16m in funding led by Gresham House Ventures to expand its digital savings and mortgage setup platform for home buyers
Understanding your “customer” Electric Twin announced its £10m seed round led by Atomico to predict how customers respond to marketing strategies with synthetic audiences
Trained on curiosity Stanhope AI secured a £6m seed round led by Frontline Ventures to develop its brain-inspired AI model
UX for AI Heywa Labs raised £3.7m in a seed round led by Cherry Ventures to build generative UX for AI-powered search engines
Downloads in orbit The Compression Company landed £2.5m in a pre-seed round to develop data compression software that runs directly onboard satellites
Treasury mgmt. for the mid-market Bracket secured a £5m seed round led by Macquarie Group and Blackfinch Ventures for mid-market FX and treasury platform
Positive smoke signals Vape Guardian announced its £350k seed round via Angel Investment Network for vape detection technology in schools
Ukraine is not a pilot or test market. It’s the most demanding operating environment for autonomous systems anywhere in the world right now. Every assumption is tested under pressure: latency, reliability, operator load, decision-making.
Gui Wainwright, Co-founder & CEO of Occam on its £2.6m pre-seed
Full breakdown
Check out the free Soapbox platform for every story in UK venture funding
Next events
📅 Tuesday 3rd March Soapbox Sessions: VC Comms
We’re bringing together VC Comms & Marketing folk for wine and sushi at Backed VC in Marylebone.
If that’s you, register on Luma
Deal flow?
⏳ 6 months ago
Archestra landed £2.5m pre-seed led by Concept Ventures to help firms securely connect company data to AI agents
Riva Money raised £2.2m pre-seed from Project A to streamline cross-border payments using blockchain
Tilki secured £1.6m pre-seed from Twin Path Ventures to launch AI-powered no-cade game creation platform
⌛ 12 months ago
Renew Risk secured £5m Series A funding led by Molten Ventures for renewable risk modelling
Noxus raises £1.2m pre-seed led by SFC Capital to help enterprises build AI workforces
Flit secured £1.2m from ACF Investors and Cambridge Angels to scale production of its folding e-bikes
Now hiring
Olix: Building photonic AI chips and hiring engineers to do it
Seamflow: Regtech for the TIC world hiring a Founder’s Associate
Tem: Energy transaction start-up hiring across multiple teams
The Compression Co: Space startup hiring engineers to compress Earth’s data
😲 Have we missed a round? Get in touch at submit@soapbox.vc
🥹 Can’t wait until next week? Follow us on LinkedIn for daily news
🤓 Or bookmark the Soapbox platform to browse on-demand