This week’s UK tech investment sees significant growth, highlighting innovative advances in various sectors.
- Lighthouse secures Series C funding to enhance travel and hospitality data analysis.
- Goodstack raises Series A funding to streamline corporate charitable donations.
- DEScycle’s Series A funding boosts recycling of metals from e-waste.
- Silveray pioneers efficient, cost-effective X-ray technology with new seed funding.
The UK’s tech sector witnessed a substantial increase in investment this week, reaching a total of £343.2 million across eight funding rounds, reflecting a 162% rise from the previous week. This inflow was directed towards diverse sectors, indicating a broad scope of innovation and willingness for investor engagement.
Founded in 2012, Lighthouse secured funding in a Series C round. Lighthouse is renowned for providing cutting-edge data insights tailored for the travel and hospitality industries. This investment was backed by major players including KKR, Spectrum Equity, and Highgate Technology Ventures, marking a pivotal moment in enhancing data-driven solutions in travel tech.
Goodstack, established in 2017, successfully completed its Series A funding round. As a fintech company, Goodstack focuses on managing corporate charitable donations efficiently. The funding attracted investments from General Catalyst, Morpheus Ventures, and others, enabling Goodstack to expand its operations and reach.
Focusing on climate technology, DEScycle raised funds through Series A investment, aimed at advancing its e-waste recycling technology. Founded in 2018, DEScycle’s mission is to transform the recycling of metals from electronic waste, garnering support from BGF, Vorwerk Ventures, and Cisco Investments.
In the health tech domain, Edinburgh-based Cytomos emerged with support from early venture capital investors. Since its inception in 2012, Cytomos has been at the forefront of developing advanced cell analysis platforms, enhancing precision in healthcare analytics.
Manchester-based Silveray received seed funding for its novel X-ray technology, which promises to be more cost-effective and efficient than existing solutions. Founded in 2018, Silveray attracted investments from Northern Gritstone and others, signifying a strong interest in health tech advancements.
London’s climate tech startup Tewke also gained attention, securing seed funding to innovate home energy management with its touchscreen light switch. Launched in 2020, the startup’s advancement underscores a shift towards smarter and sustainable living solutions.
In health technology, Heim Health, founded in 2022, aims to streamline clinical care through its software platform. Seed funding from several investors including Heal Capital will facilitate the development of its innovative solutions.
Lastly, the pre-seed funding of Manny AI, a 2023-founded fashion tech firm, highlights a move towards automating garment production. This investment will propel Manny AI to enhance efficiency in the fashion industry.
Overall, this week’s substantial increase in UK tech funding underscores a vibrant and innovative ecosystem across multiple sectors.
