This week has witnessed an impressive surge in tech investments across the UK, especially in London.
- Zopa, a digital bank with over a million customers, prepares for its expansion into current accounts by 2025.
- 9fin, a fintech analytics platform, has secured Series B funding to enhance its services for over 200 institutional clients.
- Lawhive, a legal tech startup, continues its journey with a Series A funding led by Google Ventures.
- Argo Blockchain strategises its operations with a new capital injection through the London Stock Exchange.
In a dramatic increase from last week, UK tech firms have raised a total of £147.7 million between 2 December and 6 December. This includes funding rounds for various startups, highlighting the strength of the tech sector in the region.
Zopa, a digital bank headquartered in London, is focused on expanding its services into current accounts by 2025. With new investments from Danske Bank’s investor A.P. Moller and existing shareholders, the bank is set on a path of future growth, boasting a customer base of over one million individuals.
The fintech analytics platform, 9fin, has successfully closed a Series B funding round. Supported by investors like Highland Europe, Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, 9fin aims to expand its debt capital markets analytics service. The platform currently supports over 200 institutional clients, managing assets exceeding $17 trillion.
Lawhive, founded in 2021 in London, is revolutionising legal administrative tasks with its AI-powered tool. The startup has secured Series A funding from high-profile investors such as Google Ventures, TQ Ventures, Balderton Capital, Jigsaw, and Episode 1, underlining its potential and innovative approach to simplifying legal processes.
In the crypto sector, Argo Blockchain has announced a capital raise via the London Stock Exchange. This funding aims to support its strategic plans, including relocating or selling its Bitcoin mining equipment from the Helios facility in Texas while maintaining operations in Quebec.
The week’s venture capital activities also featured Cerve, a food tech company committed to digitising the global food supply chain. With seed funding from investors like SuperSeed, Zenith, Ponderosa, and The First Thirty, Cerve is developing standardised protocols via its API tools.
Overall, this week marks a significant upturn in investment, reflecting the UK tech sector’s dynamic growth and potential.
