London Tech Week: £300m Deployed, Two New Funds and a Launch from Stealth — UK Weekly
Last week £303m in venture funding was announced across 18 startups.
The big ones
The physics model PhysicsX announced its £225m Series C led by Temasek to accelerate physics AI for deep tech manufacturing
Best of the rest
New order for NewOrbit raised £14m in a Series A led by Voyager Ventures to build the first commercial satellites for very low Earth orbit
Private engine room Capsa AI secured £14m Series A led by TX Ventures and Pivot Investment Partners to build the AI operating system for private capital
The shield is still up! Space Forge landed £10m from ESA to develop reusable heat shield for return of space-manufactured materials
Tapping out Spotless Water unlocked £6.4m in funding led by YFM Equity Partners for its UK-wide network of pure water refill stations
Context is King Zaro raised £3.8m in a pre-seed round led by Cherry Ventures to build a unified AI platform so companies can own their context layer
DIY taxes Record OS announced £1.8m in a pre-seed round led by Episode 1 to launch Self-Assessment and Making Tax Digital platform
Training day BeatpulseLabs raised a £1.3m pre-seed round led by Araya Ventures and Lighthouse Ventures to build high-fidelity AI training datasets for enterprise AI
TGIF Friday4:30 landed £335k in funding from Haatch for incident response software for food and drink brands
Reporting from LTW: Deliverance AI launched from stealth with £4.5m ARR in 3 months
⌄ Full breakdown below ⌄
Dry powder
Creator Fund closed £42m fund to back European scientific founders before they leave the lab
UKI2S added £33m from UK Space Agency, MoD & UK Atomic Energy Authority to back sovereign deep-tech founders
Carbon13 launched SEIS Fund X to back climate tech ventures across energy, AI and materials
The scout
⏳ 6 months ago
Gracia AI raised £1.3m in funding led by EWOR to power 4D technology across video production
Conveyd secured £2.5m seed round led by Eka Ventures to automate the home-buying process
Matta landed £11m seed round led by Lakestar to build industrial AI for smarter “sentient” factories
⌛ 12 months ago
Anzen raised £1.1m pre-seed from Green Angel Ventures and Desai Ventures to scale solid-state home heat pump
Perci Health secured £3m from UK venture funds and Macmillan Cancer Support to scale virtual cancer clinic
Noah raised £16m seed from LocalGlobe and Felix Capital to build global stablecoin payments network
Next events
⏰ Weds 24th June: Founders post-raise breakfast with Jumpstart — A laid-back meet-up for founders who’ve raised in the last few months Sign up on luma
Now hiring
The hottest roles from the Soapbox UK startup jobs board
Capsa AI: Transforming due diligence for PR hiring across engineering and GTM
NewOrbit: Manufacturing satellites and hiring engineers and generalists
Want weekly updates in your inbox? Subscribe to the Soapbox Jobs newsletter 👇
Full breakdown
Check out the Soapbox platform for every story in UK venture funding
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
