New (Dollar) Decacorn Minted and £560m in VC Funding | UK Weekly
Welcome to the new look we're rolling out across channels (and yes, our new Substack). Last week £564m in funding was announced across 23 rounds.
Mati and Piotr are exceptional founders and leaders. They have built ElevenLabs into one of the most successful and most impactful companies in the global AI ecosystem.
Andrew Reed, Partner at Sequoia Capital
The big ones
Say it louder ElevenLabs announced their £370m Series D at an $11bn valuation led by Sequoia Capital to deploy its human-like AI text to speech model
Everyday legal AI Lawhive landed £45m Series B led by angel Mitch Rales to cut the time and cost of retail legal case admin using its AI operating system
More time to booze? Artificial Labs secured £33m Series B led by CommerzVentures to provide digital broking and underwriting technology for speciality and commercial insurance markets
Best of the rest
Beyond the CV Veremark raised £19m Series B led by Gresham House Ventures to enable employers to implement global background screening at scale during hiring processes
Where’s my money? Incard announced a £10m Series A led by Smartfin to help digital companies gain visibility and control over their finances
Fighting info wars Refute landed a £5m seed round led by Amadeus Capital Partners to protect organisations and democracies from hybrid warfare and disinformation threats
A colourful one Sparxell announced £3.7m in funding led by SWEN Capital Partners to replace toxic chemicals with plant-based colours
Simplified R&D claims Taxnova emerged from stealth alongside a £750k pre-seed investment from VCs including a16z speedrun for its platform designed to automate R&D tax credit claims
Full breakdown
Check out the free Soapbox platform for every story in UK venture funding
Next events
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We kick off our regular mixer — bringing together leading VCs and top founders in London. Pop in on your way home for a drink. Register on Luma
Deal flow?
⏳ 6 months ago
Tracelight announced a £2.7m seed round led by Chalfen Ventures to bring AI to complex financial modelling
Edumentors secured a £1.5m seed round led by Magna Investments to launch fully interactive AI tutor Edu
Approov raised £5m Series A from Maven to expand real-time security solution for mobile apps and APIs
⌛ 12 months ago
Applied Monitoring secured £500k from Mercia Ventures for its non-invasive blood testing technology
Blackdot Solutions raised £4.5m led by Maven to scale AI-powered intelligence and investigations platform
Astral Systems landed £4.5m led by Speedinvest and Playfair to scale compact fusion reactors for medical isotopes
Now hiring
Elevenlabs: AI speech synthesis hiring across engineering, growth and finance
Bound: Series A fintech hiring with open sales and marketing roles
OneDome: Female-founded property start-up hiring across all departments
Incard: Series A finance platform hiring across growth, design and engineering
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