August is Alive: Half a Billion in Funding Announced in the Last Fortnight
Plus new £185m White Star Capital fund goes live
The big ones
How do you like your chips OLIX unlocked £240m Series B led by Fundomo to develop specialised AI inference chips for each stage of token production
Take ‘em down Cambridge Aerospace raised £222m Series C led by DFJ Growth for low-cost drone interceptor missiles
Powering the big boys 10x Banking landed £40m in funding from AshGrove Capital for core banking platform powering banks including Westpac and Chase
Best of the rest
Panels are hot rn Naked Energy raised £9m led by Great British Energy to open a UK factory for its solar-thermal panels
Manning the till Edgify landed a £6.7m Series A+ round from Rank Ventures and Mangrove Capital Partners for edge AI that prevents in-store retail loss
Shipping quicker than AI Cytix secured a £5m Series A round led by Northern Gritstone to manage the security risk of AI-driven software change
Doing the dirty work Sorted Technologies unlocked £920k in funding from Green Angel Ventures and Archipelago Ventures for low-cost robotics that automate waste sorting in recycling facilities
Sewage as a supply chain Metal Morph landed a £700k pre-seed round led by Sustainable Ventures and Green Angel Ventures to recover aluminium and iron chemicals from wastewater
Staff on tap FlairMakers raised a £500k pre-seed round led by SFC Capital for its talent-as-a-service platform for hospitality freelancers
⌄ Full breakdown below ⌄
Dry powder
White Star Capital closes £185m Fund IV to back founders scaling internationally at Series A and B
Watch the latest 👀
When you’ve hit >$500m ARR and are valued at $5bn — what’s the secret to growth? We recently spoke to Alan from Fuse Energy ⤵︎
The scout
⏳ 6 months ago
Overmind raised a £2m seed round led by Osney Capital to secure and improve performance of agentic AI systems
The Compression Company landed £2.5m in pre-seed funding to run data compression onboard satellites
Heywa Labs raised a £3.7m seed round led by Cherry Ventures to build generative UX for AI-powered search engines
⌛ 12 months ago
Tracelight landed a £2.7m seed round led by Chalfen Ventures to bring AI to complex financial modelling
Riva Money secured £2.2m pre-seed from Project A to streamline cross-border payments using blockchain
Tilki unlocked £1.6m pre-seed from Twin Path Ventures to launch AI-powered no-code game creation platform
Now hiring
The hottest roles from the Soapbox UK startup jobs board
OLIX: Custom silicon startup hiring across engineering and ops
Fleek: B2B vintage marketplace hiring across all departments
Aurrigo: Autonomous airport vehicle startup hiring various engineers
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Full breakdown
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