In a remarkable week for UK tech funding, investments surged by 162%, totalling £343.2m across eight deals.
- Travel tech firm Lighthouse secured Series C funding to enhance its data insights platform.
- Goodstack, a fintech company, received Series A funding to boost its charitable donation management platform.
- DEScycle, involved in e-waste recycling, gained Series A investment to further its environmental efforts.
- Innovative X-ray technology from Silveray attracted seed funding, promoting more efficient healthcare solutions.
This week marked an impressive milestone for UK tech investments, with funding deals amassing £343.2m. This represents a significant 162% increase from the previous week, spread across a total of eight rounds, showcasing the robust investor confidence in the UK’s technology sector.
Lighthouse, a company based in London, operates within the travel technology sector and focuses on providing data insights to enhance decision-making in the travel and hospitality industries. Established in 2012, Lighthouse has now secured Series C funding from investors including KKR, Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures, underscoring its growing influence and ambition.
In the realm of fintech, Goodstack, a London-based platform specializing in managing corporate charitable donations, has successfully raised Series A funding. Having been founded in 2017, the company’s mission to streamline corporate philanthropy has attracted investment from General Catalyst, Morpheus Ventures, and Repeat, positioning it for further expansion and impact.
DEScycle, another London-based startup, operates in the climate tech sector focusing on recycling metals from electronic waste. Founded in 2018, DEScycle’s innovative approach to tackling e-waste has earned it Series A funding from BGF, Vorwerk Ventures, Cisco Investments, Kadmos Capital, and Nesta. This investment is set to enhance its capacity to address the growing environmental challenges posed by electronic waste.
Silveray, a health tech firm located in Manchester, is making strides with its novel X-ray technology. Founded in 2018, the company offers a solution that it claims is cheaper and more efficient than traditional X-ray methods. Early seed funding has been secured from investors such as Northern Gritstone, ACF Investors, Empirical Ventures, Deeptech Labs, and Hamamatsu Ventures, paving the way for advancements in medical imaging.
Also noteworthy is Heim Health, a health tech initiative from London founded in 2022, which has received seed funding to develop a software platform aimed at simplifying clinical care tasks. This innovative approach seeks to enhance the efficiency of healthcare delivery.
Lastly, Manny AI, a London-based startup in the fashion tech industry, founded in 2023, has raised pre-seed funding. This venture focuses on automating garment production management and has garnered support from Dreamcraft Ventures, Alante Capital, Plug and Play EMEA, Carbon13, Ventures Together, and PDS Ventures, reflecting a confidence in its potential to revolutionise fashion manufacturing.
The week’s significant investments highlight the dynamic evolution of the UK tech scene, with diverse sectors experiencing substantial growth.
