Cloudsmith's £53m Series C. Rivan's Green Gas. Passion Launches Fund IV | UK Weekly

Last week 15 startups announced £122m in venture funding + £40m in new fund closes

Apr 27, 2026

The big ones

Un-hackable software stack Cloudsmith announced £53m Series C led by TCV to control and secure the software supply chain
Green gas Rivan raised £25m in funding led by IQ Capital to produce synthetic natural gas using renewable energy

Best of the rest

Guilt-free heat for industry Exergy3 raised a £10m seed round led by Axeleo Capital to convert renewable power into industrial heat
Smokeless surgeries Alesi Surgical secured £7m in funding led by IW Capital for surgical smoke removal technology
Borrowing against wealth Firenze landed £6m in funding led by AlbionVC to build Lombard lending infrastructure for wealth management
Unlocking recruitment sanity inploi announced £3m in funding from YFM Equity Partners to manage candidate volume with talent technology platform
Private AI Locai raised a £1m pre-seed round led by Fuel Ventures to enable off-cloud AI inference
Quantum problem-solving QMatter landed a £900k pre-seed round led by 55 North to compress complex quantum problems

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Dry powder

Passion closed Fund IV with £40 million to write first cheques for founders building in AI, fintech and risk

The scout

⏳ 6 months ago

Rightcharge secured £1.6m seed round led by Soulmates Ventures to simplify EV charging data for Europe’s fleets
Wonder Studios landed £9m seed round led by Atomico to scale its AI-native entertainment studio
Saturn raised £11m Series A led by Singular to make quality financial advice accessible by automating admin

⌛ 12 months ago

WineFi secured £1.5m seed funding led by Coterie Holdings for fine wine investing platform
Cloud Capital emerged from stealth with £6m from Backed and MiddleGame Ventures to help CFOs manage cloud infrastructure
CSignum unlocked £6m Series A led by Archangels and Par Equity to scale underwater wireless IoT comms

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