A £1bn+ Week for VC Deals and a New Space Tech Fund | UK Weekly
Welcome to the UK Weekly from Soapbox. Last week £1.1bn in funding was announced across 18 rounds.
Ten years on from raising our first SpaceTech fund, we are still only in the early phases of tapping into the immense opportunities that Space holds to transform all our lives.
Mark Boggett, CEO of Seraphim Space, on the close of its £75m fund
The big ones
Roads without drivers Wayve shared a £900m Series D from leading VCs and automakers to roll out its fully driverless tech platform
Acquiring indie estate agents Dwelly secured £69m in funding led by General Catalyst to acquire and digitise independent letting agencies
Making devs out of employees SolveAI raised £37m Series A led by GV allowing employees to create enterprise software through conversational AI
Best of the rest
Faster physics BeyondMath secured a £14m seed round led by Cambridge Innovation Capital for AI that runs complex engineering-grade simulations faster
Chips on the table Callosum unlocked £7.5m led by Plural, building technology that enables different AI models to run together across multiple types of computing chips
Moving the needle Eco-Inject landed £5.2m led by Adjuvo for a bio-based autoinjector designed to simplify patient self-injection
HR in your Slack Kinfolk announced its a £5m seed round led by AlbionVC for agentic AI that handles HR workflows directly inside Slack
The AI imaging we wanted Brainomix raised £4.8m in a Series C extension led by Parkwalk Advisors and Hostplus to expand its AI medical imaging platforms for stroke and lung fibrosis
Live P&L for restaurants Alpa secured a £2.6m pre-seed round led by Daphni for a live P&L platform that lets hospitality businesses track profitability in real time
Energy-smart homes Tewke unlocked £1.5m from VC investors for home hardware automation that helps households manage electricity and improve energy efficiency
Dry powder
Seraphim closed its oversubscribed £75m early-stage venture fund with key investors including British Business Bank ,The National Security Strategic Investment Fund and Arabsat. The fund focuses on Seed and Series A space tech companies globally
Full breakdown
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Next events
📅 Tomorrow 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
Holiwise landed £1.3m pre-seed from angels to build its premium travel agency offering
Wype secured £1m equity round led by Anotherway Ventures and Ventures Together to scale bottom care brand
Yottar unlocked a £750k pre-seed round led by Haatch to unlock grid capacity
⌛ 12 months ago
Relay raised £28m Series A led by Plural to expand logistics platform for e-commerce delivery
Magdrive landed £8m seed funding led by Redalpine for next-gen spacecraft propulsion
Medly AI secured £1.2m seed round led by Eka Ventures to advance AI in education
Now hiring
Callosum: AI infrastructure platform hiring for various engineering roles
Dwelly: Property management platform hiring across growth, tech, and more
Wayve: AI platform for self-driving vehicles hiring across all departments
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