Tracxn - United Kingdom Tech Monthly Funding Report

TRACXN MONTHLY REPORT
APRIL 2023
UK TECH

United Kingdom Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
2
UK Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 17
Top Funded Business Models - last 1 year 19
New Analyst Picks 20
Acquisitions 23
Recent News 27

UK Tech Snapshot – April 2023
UK Tech: Snapshot – April 2023
Note : "Investors" refers to "Institutional Investors" only
3
$931M
56
Overall Geo Stats
20
31
214
30
108
Funding Rounds $ Invested Analyst Picks
Quantexa
Upgraded to
UNICORN
New Investors
Huobi Ventures
Gulf Oil International
Series A+ rounds Active Investors IPOs Acquisitions
Newforma
Detectronic
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
London
(66 Rounds, $768M)
Oxford
(4 Rounds, $26.1M)
Newcastle Upon Tyne
(3 Rounds, $4.2M)
Bristol
(3 Rounds, $2.0M)
$129M - Series E
Quantexa (2016, London, $371M)
$90M - Series B
Infogrid (2018, London, $107M)
$79.1M - Series A
Complement Therapeutics (2020,
London, $84.8M)
$36M - Series A
Zodia (2020, London, $36M)
BGF
(5 Investments)
SFC Capital
(5 Investments)
Mercia
(4 Investments)
North East Fund
(4 Investments)
Facility Management Tech
Infogrid
Property Management Tech
Voicescape
Energy Efficiency Tech
Futraheat
Ophthalmology
Complement Therapeutics
Market Size
Companies Covered 81,363
Funded Companies 13,765
Total Funding $170B
Funding in last 12 months $16.9B
Top Exits
IPOs 361
Acquisitions 4,330
Company Stage
Unicorns 50
Soonicorns 368
Minicorns 1,329
Editor Picks 6,257
Series A+ 3,538
Series C+ 750
Acqui-Hires 24
Deadpooled 7,918
Top Cities
London (10,038 Rounds, $108B)
Cambridge (703 Rounds, $6.7B)
Top Investors
Tech Nation (411 Investments)
Gov.uk (274 Investments)

Investment Snapshot
Investment Snapshot of UK Tech as of April 2023
UK Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2023)*
Infogrid
(2018, London, $107M)
$90.0M - Series B Northzone
Complement Therapeutics
(2020, London, $84.8M)
$79.1M - Series A Gimv
Zodia
(2020, London, $36.0M)
$36.0M - Series A SBI Group
MEEET
(2022, London, $30.0M)
$30.0M - Seed GSR Ventures
Polymateria
(2015, London, $79.4M)
$24.9M - Series B ABC Impact
TympaHealth
(2019, London, $31.0M)
$23.0M - Series A Octopus Ventures
Fintech Farm
(2020, London, $29.4M)
$22.0M - Series B Nordstar
Charm Therapeutics
(2021, London, $70.0M)
$20.0M - Series A NVIDIA
Riverlane
(2017, Cambridge, $43.4M)
$18.7M - Series B Molten Ventures
Caristo
(2017, Oxford, $18.9M)
$16.3M - Series A Oxford Science Enterprises
Yonder
(2020, London, $43.0M)
$15.6M - Series A Northzone
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in UK Tech in April 2023
UK Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$1.2M - PE
Invincibles Studio (2004, Preston, $1.2M)
Developer of mobile-based football games
Mercia
LATE STAGE
$4.7M - Series C
Powervault (2012, London, $13.2M)
Energy storage integrated with solar
Green Angel Syndicate
LATE STAGE
$5.0M - PE
Firefish Software (2010, Glasgow, $5.0M)
Cloud-based recruitment platform for IT staffing firm
Foresight Group
LATE STAGE
$12.0M - Series C
VoxSmart (2006, London, $62.5M)
Compliance management solutions for banks
Toscafund Asset Management
LATE STAGE
$129.0M - Series E
Quantexa (2016, London, $371.1M)
Provider of cloud-based KYC and AML compliance
management software
GIC, Evolution Equity Partners, Dawn Capital, AlbionVC,
HSBC, and 4 more
EARLY STAGE
$623.7K - Series A
Dyneval (2020, Roslin, $2.4M)
Provider of animal semen quality measurement &
analysis services using portable equipment
Kelvin Capital, Scottish Enterprise, Par Equity, Gabriel
EARLY STAGE
$1.2M - Series A
ART (2018, Newcastle Upon Tyne, $2.3M)
Online platform for employee wellness benefits
North East Fund
EARLY STAGE
$2.5M - Series A
Adludio (2012, London, $20.5M)
Provider of interactive display ad creation and
optimization tool
Mercia
EARLY STAGE
$2.7M - Series A
BioLiberty (2020, Edinburgh, $2.7M)
Provider of robotic assistance glove for handling hand
weakness
Archangels, Eos Advisory, Old College Capital

6
EARLY STAGE
$3.0M - Series A
PD Neurotechnology (2015, London, $93.3M)
Developer of a wearable device for Parkinson's
patients
, , SeedBlink, National Bank of Greece, Big Pi
EARLY STAGE
$3.0M - Series A
Coinweb (2018, London, $7.0M)
Blockchain-based application development platform
for developers
EARLY STAGE
$3.2M - Series A
HydRegen (2019, Oxford, $3.7M)
Provider of bio-based catalysts for chemical synthesis
Clean Growth Fund
EARLY STAGE
$3.7M - Series A
Medherant (2015, Coventry, $13.5M)
Transdermal drug delivery patches
Mercia
EARLY STAGE
$4.4M - Series A
Taylor and Hart (2013, London, $9.5M)
Internet first brand offering handcrafted customized
precious jewelry
Active Partners, Seedrs, Virgin Money
EARLY STAGE
$5.0M - Series A
Cognassist (2017, Hebburn, $5.0M)
Online cognitive assessment tests and training
platform for employees and individuals
Gresham House Ventures
EARLY STAGE
$5.0M - Series A
Skarper (2009, London, $10.0M)
Manufacturers of electric drives used for bicycles
Starry, MobiliTech
EARLY STAGE
$5.0M - Series A
Kluster (2016, London, $7.9M)
Pipeline management & analytics for sales teams
Foresight Group, SuperSeed, James Isilay
EARLY STAGE
$5.3M - Series A
Grand-Attic (2021, , $10.5M)
Developer of mobile-based casual video games
Makers Fund, Griffin Gaming Partners, Akin Babayigit,
Şekip Can Gökalp

7
EARLY STAGE
$6.2M - Series A
Forrit (2014, London, $6.2M)
Cloud-based web content management system for
enterprises
The Scottish National Investment Bank
EARLY STAGE
$6.2M - Series A
Tembo Money (2020, London, $9.7M)
Online marketplace for residential mortgage loans
Love Ventures, Aviva, Ascension
EARLY STAGE
$6.6M - Series A
KeyComputers (1984, Leigh, $6.6M)
Field service, Warehouse management and cloud
hosting
BGF
EARLY STAGE
$6.6M - Series A
Pony (2017, Oxford, $2.5M)
App-based bicycle rental service
EARLY STAGE
$6.7M - Series A
Kashet (2018, London, $6.7M)
Internet-first bank offering digital banking services for
individuals and businesses
Trifork
EARLY STAGE
$7.0M - Series A
IRIS (2018, London, $10.1M)
Provider of software to improving audio
Puma Private Equity, Tag, Toby Brzoznowski
EARLY STAGE
$8.0M - Series B
Acre (2018, London, $6.5M)
Blockchain-based solution for mortgage and insurance
application process
Founders Factory, Aviva
EARLY STAGE
$8.4M - Series B
It’s Fresh! (2010, London, $22.2M)
Manufacturer and supplier of ethylene absorbing filters
for shelf life enhancement
BGF, ZINTINUS, Praesidium
EARLY STAGE
$8.7M - Series B
ROXi (2014, London, $39.9M)
Provider of smart stereo hardware for music listening
Adam Clayton, Paul Mcguinness
EARLY STAGE
$9.0M - Series A
Verlume (2013, Aberdeen, $12.3M)
Provider of energy management solutions for
commercial and industrial solutions
The Scottish National Investment Bank, Scottish
Enterprise, Orchard Ventures, Par Equity

8
EARLY STAGE
$10.0M - Series A
Wayhome (2016, London, $16.9M)
Provider of rent-to-buy solution for residential
properties
Augmentum, Allianz X, Love Ventures, Cur8 Capital,
Volution
EARLY STAGE
$10.0M - Series A
Zaptic (2015, Manchester, $18.8M)
Cloud-based field workforce management suite
solutions
Molten Ventures, BACKED, Chalfen Ventures
EARLY STAGE
$10.0M - Series A
CarbonChain (2019, London, $12.2M)
Online platform offering carbon accounting solutions
Union Square Ventures, Voyager
EARLY STAGE
$10.6M - Series B
Social Value Portal (2014, London, $14.4M)
Online platform for measuring and reporting social
value
Mercia, Beringea
EARLY STAGE
$11.0M - Series A
Cable (2020, London, $16.3M)
AML solutions for financial institutions
CRV, Jump Capital, Stage 2 Capital
EARLY STAGE
$12.5M - Series A
Hived (2019, London, $14.8M)
Provider of web-based parcel delivery service
Planet A, Maersk, Eka Ventures, Pale Blue Dot
EARLY STAGE
$13.5M - Series A
Abatable (2021, London, $16.6M)
Online platform to calculate and offset the carbon
footprint
Azora
EARLY STAGE
$14.0M - Series A
m3ter (2020, London, $31.5M)
Platform offering SaaS based utility price management
platform
Notion, Union Square Ventures, Kindred Capital, Insight
Partners
EARLY STAGE
$14.2M - Series A
Pear Bio (2017, London, $14.2M)
Developer of microfluidic chip for cancer drug research
Octopus Ventures, Hoxton Ventures, Fly Ventures,
Compound, Crista Galli Ventures, and 1 more

9
EARLY STAGE
$15.0M - Series A
Holiday Swap (2002, London, $16.0M)
App-based platform for home exchanges
EARLY STAGE
$15.0M - Series A
HumanForest (2019, London, $22.3M)
App-based platform offering e-bicycle rental services
Triodos Bank
EARLY STAGE
$15.3M - Series A
Push (2020, St Albans, $19.3M)
Cloud based cyber risk and vulnerability assessment
solution provider
Google Ventures, Decibel, Dug Song, Rich Waldron, Jon
Oberheide
EARLY STAGE
$15.6M - Series A
Yonder (2020, London, $43.0M)
Rewards-based credit cards for individuals
Northzone, RTP Global, Kunal Shah, Sharmadean Reid,
Rio Ferdinand, and 2 more
EARLY STAGE
$16.3M - Series A
Caristo (2017, Oxford, $18.9M)
Provider of an AI based solutions for the detection of
cardiovascular risk
Oxford Science Enterprises, Oxford Investment
Consultants, BGF, University of Oxford, Longwall
Venture Partners
EARLY STAGE
$18.7M - Series B
Riverlane (2017, Cambridge, $43.4M)
Provider of software for quantum computers
Molten Ventures, Altair, Cambridge Innovation Capital,
Amadeus Capital
EARLY STAGE
$20.0M - Series A
Charm Therapeutics (2021, London, $70.0M)
Developer of drug discovery technology for cancer
treatment
NVIDIA
EARLY STAGE
$22.0M - Series B
Fintech Farm (2020, London, $29.4M)
Digital bank for individuals
Nordstar, Chrome Capital
EARLY STAGE
$23.0M - Series A
TympaHealth (2019, London, $31.0M)
Provider of an AI-based hearing health diagnosis device
for medical professionals
Octopus Ventures, Rezayat Group, Dara Capital, Bob
Davis, Jeff Leerink

10
EARLY STAGE
$24.9M - Series B
Polymateria (2015, London, $79.4M)
Provider of biodegradable and compostable plastics
ABC Impact, Indroma Ventures
EARLY STAGE
$36.0M - Series A
Zodia (2020, London, $36.0M)
Custodian solutions for cryptocurrencies
SBI Group, SC Ventures
EARLY STAGE
$79.1M - Series A
Complement Therapeutics (2020, London,
$84.8M)
Developer of therapeutics to treat retinal diseases
Gimv, Forbion, BioGeneration Ventures, Panakes
Partners, Cambridge Innovation Capital, and 2 more
EARLY STAGE
$90.0M - Series B
Infogrid (2018, London, $106.8M)
SaaS, IoT & AI-driven smart building management
solution
Northzone, SoftBank Vision Fund, JLL Spark, TVC
Holdings, Original Capital, and 2 more
EARLY STAGE
Series A
Nanovery (2018, London, $655.5K)
Developer of nanobots for diagnosing cancer
European Union, Northstar Ventures, Prostate Cancer
Research, JR HOLDING, North East Fund
EARLY STAGE
Series A
Inductosense (2015, Bristol, $10.0M)
Develops passive wireless sensors for structural
monitoring
Aramco Ventures
EARLY STAGE
Series B
Hokodo (2018, London, $54.7M)
Developer of API for invoicing platforms and
marketplaces
Citi
EARLY STAGE
Series A
iPushPull (2013, London)
Cloud-based enterprise collaboration platform for EFSS
TP ICAP
EARLY STAGE
Series B
Oxford Cancer Biomarkers (2011, Oxford, $4.6M)
Developer of biomarker diagnostics for cancer
therapies
Plutus Investment Group, Panacea Innovation,
Esperante, Longwall Venture Partners, BK Lee

11
SEED STAGE
$98.8K - Seed
Solar Buddies (2015, Newport, $98.8K)
Internet first brand offering sunscreen applicators
Deborah Meaden, Peter Jones
SEED STAGE
$185.3K - Seed
Vulse (2020, , $185.3K)
Artificial intelligence based content creation platform
SFC Capital
SEED STAGE
$186.5K - Seed
BetterPoints (2010, London, $186.5K)
Provider of HR tools to monitor the mental health and
work-life balance of employees
Enterprise M3
SEED STAGE
$255.7K - Seed
Pastoral (2019, London, $255.7K)
Provider of SaaS-based grazing management software
SFC Capital, Sturgeon Capital
SEED STAGE
$285.7K - Seed
Cytix (2022, Manchester, $285.7K)
Cyber risk and vulnerability assessment platform
SFC Capital
SEED STAGE
$309.9K - Seed
Open Advice (2021, Bournemouth, $309.9K)
Online platform providing a white-label solution for
financial advisors
Symvan Capital
SEED STAGE
$323.2K - Seed
Hawkr (2020, London, $323.2K)
App-based platform offering merchandise products
from various artists
Jenson Funding Partners
SEED STAGE
$465.1K - Seed
Door (2016, Baltimore, $3.0M)
Portfolio management solutions for wealth managers
SEED STAGE
$624.9K - Seed
Melius Cyber Security (2019, Newcastle Upon
Tyne, $1.6M)
AI based platform offering cyber risk monitoring and
vulnerability assessment solutions
North East Fund

12
SEED STAGE
$747.0K - Seed
Proprli (2017, London, $747.0K)
Collaborative management tool for real estate owners
and property managers
Blackfinch Ventures
SEED STAGE
$871.0K - Seed
Attention Exchange (2022, London, $871.0K)
Online marketplace platform for cross device ad
exchange to businesses
SEED STAGE
$935.6K - Seed
FuturePlus (2020, Southwark, $935.6K)
SaaS-based platform offering solutions for carbon
footprint awareness
Two Magnolias, Vala Capital
SEED STAGE
$1.1M - Angel
CVWallet (2022, London, $1.1M)
Online candidate resume preparation platform
SEED STAGE
$1.2M - Seed
Nolea (2021, London, $1.2M)
Cloud-based workflow management tool for providers
Frontline Ventures, Calm/Storm, Anne Heraty,
Mahiben Maruthappu
SEED STAGE
$1.5M - Seed
OSSTEC (2021, London, $1.5M)
Developer of regenerative orthopedic implants
SFC Capital, Oxford Innovation Finance, Embryo
Ventures, Parkwalk, Imperial Enterprise Lab, and 1
more
SEED STAGE
$1.5M - Seed
SunGreenH2 (2020, Singapore, $3.5M)
Provider of hydrogen generation solutions
Sabancı Ventures
SEED STAGE
$1.6M - Seed
Vitarka (2021, London, $1.6M)
Developer of RNAi combination therapy against cancer
SOSV, UK Innovation Science & Seed Fund
SEED STAGE
$1.6M - Seed
DoubleLoop (2019, , $1.6M)
Cloud-based solutions for tracking product launches
SEED STAGE
$1.8M - Seed
Spotted Zebra (2020, London, $1.9M)
Skill-based talent assessment platform
Playfair Capital, Entrepreneur First

13
SEED STAGE
$1.9M - Seed
Futraheat (2021, Surbiton, $1.9M)
Provider of high-temperature heat pumps for
commercial applications
Clean Growth Fund
SEED STAGE
$2.0M - Seed
BX Technologies (2020, London, $2.0M)
Provider of carbon calculator software for farmers
Counteract
SEED STAGE
$2.0M - Seed
Loopin (2020, Bristol, $2.0M)
Cloud-based platform for workforce analytics
SEED STAGE
$2.2M - Seed
Mizaic (2022, Chelmsford, $2.2M)
Provider of electronic document management system
for providers
Foresight Group
SEED STAGE
$2.4M - Seed
Zetta Genomics (2018, Worcester, $5.8M)
Provider of genomic data analysis software for clinical
labs & research organizations
Nina Capital, APEX Ventures, University of Cambridge
SEED STAGE
$2.4M - Seed
NunaBio (2012, Newcastle Upon Tyne, $2.4M)
Provider of synthetic biology and biosensing platform
for DNA products
North East Fund, European Commission, Northstar
Ventures, Ascension, Martlet Capital, and 1 more
SEED STAGE
$2.6M - Seed
3DEO (2015, Belfast, $6.4M)
Provider of geospatial analytics platform for multiple
industries
SEED STAGE
$2.6M - Seed
Lovetovisit.com (2010, Cardiff, $3.3M)
Online digital platform that promotes the local tourist
destination
Zip World
SEED STAGE
$3.0M - Angel
Pharmacierge (2015, London, $5.0M)
Provider of medication management software for
doctors and patients
SEED STAGE
$3.3M - Seed
Helio (2022, London, $3.3M)
Platform powering merchant payments for the web
economy
Peak, Lightspeed Venture Partners, RockawayX, Solana

14
SEED STAGE
$3.4M - Seed
Onin (2020, London, $4.4M)
Online platform for messaging and event planning
solutions
Octopus Ventures, Hambro Perks, Matt Clifford, Ryan
Brodie
SEED STAGE
$3.5M - Seed
Gaussion (2021, London, $3.5M)
Manufacturer of battery and magneto-electro
chemistry technology
BGF, UCL Technology Fund
SEED STAGE
$4.0M - Seed
World Makers (2020, Cambridge, $7.0M)
Developer of a multiplayer first-person shooter game
for PC
Makers Fund
SEED STAGE
$4.2M - Seed
Perci Health (2020, London, $6.3M)
Online platform providing multiple services for cancer
patients
Octopus Ventures
SEED STAGE
$5.0M - Seed
Solasta Bio (2020, Glasgow, $6.8M)
Provider of pest control services
Yield Lab Europe, Cavallo Ventures, SIS Ventures,
Scottish Enterprise, Rubio impact Ventures, and 1 more
SEED STAGE
$5.0M - Seed
Rodeo (2021, London, $5.0M)
App-based platform for delivery professionals to track
their earnings
LocalGlobe, Form Ventures, Seedcamp, Mozilla
Ventures
SEED STAGE
$5.0M - Seed
Gameta (2022, Tortola, $5.0M)
Web3 gaming platform offering a play-to-earn
ecosystem
Binance Labs, Huobi Ventures, Arcane Capital, Ceras
Ventures, InfinityLabs, and 4 more
SEED STAGE
$5.6M - Seed
Xapien (2018, London, $7.5M)
Online background verification platform for candidates
YFM Equity Partners, D2
SEED STAGE
$6.4M - Seed
Floodlight (2021, London, $6.4M)
Software-based platform for payment and financial
analytics solutions for e-commerce businesses
83NORTH, Aleph, Yuval Samet, Christopher North, Juan
Lobato

15
SEED STAGE
$7.5M - Seed
VFC Foods (2020, York, $21.2M)
Provider of plant-based food products to replace meat
Veg Capital
SEED STAGE
$7.5M - Seed
Cerbos (2021, London, $11.0M)
Provider of tools and frameworks for implementing
authorization functionality in applications
OMERS, Ryan King, Zach Lloyd, Lewis Tuff, Zeynep
Inanoglu Ozdemir
SEED STAGE
$8.0M - Seed
TreesPlease Games (2019, London, $8.0M)
Lakestar, March Capital, David Helgason, Chris Lee,
Shaun Rutland, and 1 more
SEED STAGE
$8.7M - Seed
Triver (2023, London, $8.7M)
Online AI-enabled marketplace offering working capital
loans for businesses
Stride.vc, Deliveroo, Motive Partners, Axeleo Capital,
Sequoia Capital, and 3 more
SEED STAGE
$9.5M - Seed
MetaGravity (2021, London, $9.5M)
Platform offering decentralised compute infrastructure
for the metaverse
Market One Capital, Sino Global Capital, The Spartan
Group, Gravity Fund, EX Capital, and 7 more
SEED STAGE
$30.0M - Seed
MEEET (2022, London, $30.0M)
Web3 farm game with inbuilt Game-Fi and Social-Fi
elements
GSR Ventures, Initiate Studios
SEED STAGE
Seed
WaitHero (2020, Birmingham)
Mobile-based self-ordering and payment app for
restaurants
SFC Capital, British Business Bank
SEED STAGE
Seed
Switch (2020, London)
AI-based platform for EV charging station management
ABB
SEED STAGE
Seed
Link My Ride (2020, Wellingborough)
Developer of a platform to find cyclists, cycling events,
and groups
Ryan Gibbons

16
SEED STAGE
Seed
The Outpost (2012, Sheffield)
Onlin retailer focuses on the sale of games
FW Capital
SEED STAGE
Seed
HEERO Technologies (2021, Dundee)
Online platform offering energy management solutions
TRICAPITAL, Scottish Enterprise, Mint Ventures
SEED STAGE
Seed
Yorkshire Sole (2017, Leeds)
Provider of an online platform for booking leather
boots and shoes
Finance Yorkshire
SEED STAGE
Seed
VireUp (2018, London)
AI-powered video interview platform for enterprises
Startup Wise Guys
SEED STAGE
Seed
Spoke (2019, London, $1.5M)
App-based platform for streaming relaxation music
The Inner Foundation
SEED STAGE
Seed
Perceptual Robotics (2016, Bristol, $3.6M)
Provider of an unmanned aerial system for wind
turbine inspections
OnePlanetCapital, L-Stone Capital, Deeptech Labs,
Metavallon, Brookstreet Equity Partners, and 1 more

New Investors (1/2)
List of New Investors in UK Tech in April 2023
UK Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
Huobi Ventures
7 portfolio companies | Private fund focused on venture capital and hedge
investments in the blockchain sector
Gameta
Web3 gaming platform offering a play-to-earn ecosystem
$5.00M Seed
Gulf Oil International
2 portfolio companies | Gulf Oil International | Innovating for over 120 Years
Indra
Provider of electric vehicle charging solutions
$23.91M Series B
Archetype
4 portfolio companies | Provider of full range of digital marketing services
Gyroscope
Platform offering an asset-backed stablecoin
$4.50M Seed
PG
1 portfolio companies | Provider of blockchain marketing, consulting, and other
services
MetaGravity
Platform offering decentralised compute infrastructure for the
metaverse
$9.50M Seed
Axeleo Capital
46 portfolio companies | Venture capital fund focused on blockchain, fintech,
and multiple sectors
Triver
Online AI-enabled marketplace offering working capital loans for
businesses
$8.67M Seed
Agrippa
1 portfolio companies | Real estate firm focused on multiple strategies
MetaGravity
metaverse
$9.50M Seed
Axiom Equity
2 portfolio companies | Private equity fund focused on B2B technology
businesses
JobLogic
Service management software
$73.06M PE
RockawayX
13 portfolio companies | Venture capital firm focused on early stage investment
in web 3
Helio
Platform powering merchant payments for the web economy
$3.30M Seed
Arcane Capital
1 portfolio companies | Private equity investment firm
Gameta
Web3 gaming platform offering a play-to-earn ecosystem
$5.00M Seed
Stratos
12 portfolio companies | Provider of investment management and financial
services
THREECOLTS
Provider of operation management software solutions for e-commerce
businesses
$90.00M Series A

New Investors (2/2)
List of New Investors in UK Tech in April 2023
UK Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
Unusual Ventures
83 portfolio companies | VC firm providing seed-stage funding
Paytrix
Cross-border payment solution for businesses
$18.30M Series A
Original Capital
12 portfolio companies | Venture capital firm investing in multiple sectors
Infogrid
SaaS, IoT & AI-driven smart building management solution
$90.00M Series B
General Global Capital
4 portfolio companies | Venture capital firm focused on technology sectors
THREECOLTS
Provider of operation management software solutions for e-commerce
businesses
$90.00M Series A
Super Capital
3 portfolio companies | Venture capital firm focused on early-stage investments
Connect
SaaS-based platform to calculate the carbon footprint
$5.60M Seed
Mozilla Ventures
5 portfolio companies | Venture capital firm focused on early-stage investments
Rodeo
App-based platform for delivery professionals to track their earnings
$5.00M Seed
Cur8 Capital
3 portfolio companies | Provider of financial services for investment industries
Wayhome
Provider of rent-to-buy solution for residential properties
$9.96M Series A
Gravity Fund
1 portfolio companies | Venture capital firm investing in early stage startups
MetaGravity
metaverse
$9.50M Seed
Planet A
14 portfolio companies | Provider of air management services
Hived
Provider of web-based parcel delivery service
$12.45M Series A
Prova
2 portfolio companies | Provider of website design, branding, digital marketing,
strategic consulting, and SMM services
Zedify
Platform offering last mile delivery solutions
$6.04M Series A
Placeholder
28 portfolio companies | VC firm investing in decentralized information
networks
Gyroscope
Platform offering an asset-backed stablecoin
$4.50M Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
19
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Cryptocurrency Custodian Services $732M 3 Copper | $500M | Series C
2 -- Green Utilities $628M 3 Octopus Energy | $550M | Series F
3 ▲11 Data Privacy $350M 2 Nym | $300M | Series B
4 --
Healthcare IT > Value Based Care > Care Coordination >
MatchMaking
$320M 1 Cera | $320M | Series C
5 ▲6 Oncology Drugs $296M 16 Pheon Therap.. | $68.0M | Series A
6 <> 0 Payment APIs $259M 7 Modulr Finance | $108M | Series C
7 ▲16 Online Business Payments $242M 5 Paddle | $200M | Series D
8 ▲2 Security Testing Software $241M 6 Snyk | $197M | Series G
9 ▲42 Open Banking API Aggregators $205M 5 Codat | $100M | Series C
10 ▲175 Hotel Management Software $192M 3 Mews | $185M | Series C

New Analyst Picks (1/3)
Interesting Companies identified by Analysts in UK Tech in April 2023
UK Tech: Analyst Picks
20
Upgraded to UNICORN
Quantexa (2016, London, $129M, Series E)
Provider of cloud-based KYC and AML compliance
management software
GIC, Warburg Pincus, Dawn Capital and 12 other
Investors
Upgraded to SOONICORN
Infogrid (2018, London, $30.0M, Conventional Debt)
SaaS, IoT & AI-driven smart building management
solution
JLL Technologies, TVC Holdings, SoftBank Vision Fund
and 60 other Investors
Caristo (2017, Oxford, $16.3M, Series A)
Provider of an AI based solutions for the detection of
cardiovascular risk
Oxford Science Enterprises, BGF, Longwall Venture
Partners and 5 other Investors
Firefish Software (2010, Glasgow, $5.0M, PE)
Cloud-based recruitment platform for IT staffing firm
Foresight Groupand
Upgraded to MINICORN
Cable (2020, London, $11.0M, Series A)
AML solutions for financial institutions
Stage 2 Capital, Jump Capital, CRV and 3 other
Investors
Grand-Attic (2021, , $5.2M, Seed)
Makers Fund, Akin Babayigit, Griffin Gaming Partners
Invinity (2020, London, $13.7M, Grant (prize money))
Provider of solutions for vanadium flow batteries
Gov.uk,Furthrand
TympaHealth (2019, London, $23.0M, Series A)
Provider of an AI-based hearing health diagnosis device
for medical professionals
Octopus Ventures, Dara Capital, Rezayat Group and 15
other Investors

21
Push (2020, St Albans, $15.3M, Series A)
Cloud based cyber risk and vulnerability assessment
solution provider
Google Ventures, Decibel, Dug Song and 3 other
Investors
Voicescape (1998, Salford, $11.2M, Unattributed)
SaaS-driven social housing software for landlords &
local authorities
BGFand
BioLiberty (2020, Edinburgh, $2.7M, Series A)
Provider of robotic assistance glove for handling hand
weakness
Archangels,Eos Advisory,Old College Capitaland
KeyComputers (1984, Leigh, $6.6M, Series A)
Field service, Warehouse management and cloud
hosting
BGFand
Xapien (2018, London, $5.6M, Seed)
Online background verification platform for candidates
YFM Equity Partners, D2, Founders Factory and 4 other
Investors
Kashet (2018, London, $6.7M, Series A)
Internet-first bank offering digital banking services for
individuals and businesses
Triforkand
Forrit (2014, London, $6.2M, Series A)
Cloud-based web content management system for
enterprises
The Scottish National Investment Bankand
Skarper (2009, London, $5.0M, Series A)
Manufacturers of electric drives used for bicycles
Starry,MobiliTechand
Added to Editor's Pick
Settld (2020, Sunderland, $1.1M, Seed)
Online platform offering automated death settlement
management solutions
SFC Capital,Techstarsand
Perci Health (2020, London, $4.2M, Seed)
Online platform providing multiple services for cancer
patients
Octopus Venturesand
Connect (2021, London, $5.6M, Seed)
SaaS-based platform to calculate the carbon footprint
Gresham House Ventures, Love Ventures, Global Brain
Toddle - Born Wild (2018, Wrexham, $32.0K,
Conventional Debt)
Private label brand of skincare products
HSBCand

22
Cognassist (2017, Hebburn, $5.0M, Series A)
Online cognitive assessment tests and training
platform for employees and individuals
Gresham House Venturesand
Floodlight (2021, London, $6.4M, Seed)
Software-based platform for payment and financial
analytics solutions for e-commerce businesses
83NORTH, Yuval Samet, Christopher North and 2 other
Investors
OSSTEC (2021, London, $1.5M, Seed)
Developer of regenerative orthopedic implants
SFC Capital, Oxford Innovation Finance, Science Angel
Syndicate and 3 other Investors
Widgetopia (2020, London, Unfunded)
App-based platform providing home screen widgets
Mizaic (2022, Chelmsford, $2.2M, Seed)
Provider of electronic document management system
for providers
Foresight Groupand
Cancer Research Horizons (1902, London,
Unfunded)
Developer of therapeutics for the treatment of cancer
ReadyGo (2020, Bath, Unfunded)
Provider of diagnostic test and sample collection tools
for research labs
Foresight Groupand
Save All (2019, London, Unfunded)
AI-based platform offering diversified learning
solutions for students
Ada Venturesand
HEAT4 (2003, Morpeth, Unfunded)
Provider of intelligent building heating management
system
Ultimatewealthaccess (2023, Reading, Unfunded)
Online investment platform for multiple markets

Acquisitions (1/4)
List of Acquisitions in UK Tech in April 2023
UK Tech: Acquisitions
23
Acq. Date Company Acquirer Deal Size
03 Apr 2023
Newforma(2003, Manchester, $21.1M)
Project information management software for AECO industry
Ethos Capital
03 Apr 2023
Detectronic(2007, Colne)
Provider of fluid attribute measurement sensors
Adler & Allan
04 Apr 2023
Truepill(2018, Manchester)
Provider of online pharmacy of medication
Phlo
04 Apr 2023
Nicce(2013, London)
Internet-first brand of fashion apparel for men and women
Apparel Brands
04 Apr 2023
Ebuyer(1999, Howden)
Online retailer for consumer electronics
04 Apr 2023
Animal Friends(1998, Salisbury)
Internet first pet insurer
Pinnacle Pet Group
04 Apr 2023
The Data Shed(2013, Leeds)
Data analytics and dash boarding solutions
Hippo Digital
05 Apr 2023
Loop(2020, London)
App-based platform providing expense management for
individuals
Tandem
06 Apr 2023
Replyco(2017, London)
Provider of a live-help marketing tool for multi-channel sellers
Billbee
11 Apr 2023
Letting Cloud(2018, Edinburgh)
Developer of a cloud-based listing platform for real estate rentals
Airbnb

Acquisitions (2/4)
24
11 Apr 2023
Autto(2016, London)
AI based legal workflow automation
Tangible
12 Apr 2023
Milky Tea(2005, Liverpool)
Video game developer focusing on core games
Aonic
13 Apr 2023
BW Riddle(1956, Bourne)
Provider of metal recycling services
KJB Consulting
14 Apr 2023
Ecosphere+(2016, London)
Provider of solutions to calculate carbon footprint
Abatable
17 Apr 2023
nimbl(2015, Coventry)
Personal financial management app
Caxton
17 Apr 2023
AC Education(2007, St Albans)
Online courses for caregivers
theprogress-group.co.uk
18 Apr 2023
Native Finance(2015, London)
Online platform enabling investments in real estate
Novellus
18 Apr 2023
Saville Assessment(2009, Esher)
Candidate assessment solution
Tenzing
19 Apr 2023
Brandworkz(2009, London)
Brand Asset Management Platform
Spinakr Solutions
20 Apr 2023
Sideways 6(2014, London, $0.6M)
Idea management solution
Interact

Acquisitions (3/4)
25
20 Apr 2023
Red Deer(2013, London)
Data research platform
Kaizen Reporting
20 Apr 2023
Kafoodle(2014, London, $2.6M)
Mobile app to discover allergen-friendly restaurants
365 Retail Markets
20 Apr 2023
Dovetail Games(2008, Chatham)
Dovetail Games is a UK developer and publisher of simulation
entertainment software.
Focus Home Interactive
21 Apr 2023
The Copper Crew(2019, Cambridge)
Internet first brand of wine
Canned Wine Co
24 Apr 2023
Push Gaming(2010, London)
Developer of online casino gaming solutions
MGM Resorts International $150.0M
25 Apr 2023
By Miles(2016, London, $27.0M)
App-based insurance platform for auto insurance
Direct Line Group
25 Apr 2023
Symbox(2001, Swindon)
Business process management and automation
10Pearls
26 Apr 2023
Gaudi Regulated Services(2008, Salisbury)
Platform offering white-labeled SIPP and wealth management
products
Platform One
26 Apr 2023
TouchByte(2015, Penryn)
Provider of AI-focused software development & consulting
services
Salto Systems
26 Apr 2023
WeTrack(2013, London)
Cloud based platform offering project management solutions
Momentus Technologies

Acquisitions (4/4)
26
27 Apr 2023
Daisy Chain(2017, London)
Online recruitment platform for parents
deverellsmith

Recent News (1/2)
Recent News in UK Tech in April 2023
UK Tech:News
27
Exit News
.
● Carrier Nears Deal for German Industrial Manufacturer ViessmannThe Wall Street
Journal
.
● Farmison acquired by consortium led by former Asda CEOtheretailbulletin.com
.
● WPP Acquires Sonic Branding Agency amp, Expanding Generative AI and Brand
Experience Design OfferingBusiness Wire
.
● Scots Biotech Eyes Series A/IPO After “Significant Milestones”DIGIT
.
● Energy Aspects Acquires Its Not a Science (inas) for Its Advanced Quantitative
CapabilitiesBusiness Wire
.
● Acquisition Of South West Brands By Oto InternationalPR Newswire
.
● Bestway Group’s Well Pharmacy announces acquisition of Lexon UK and
Asurex Asian Trader
.
● Mews Acquires Canadian-based Hotello to Expand North America Operations
hospitalitynet.org
.
Fund News
.
● Eqt’s Lsp Dementia Fund Closes on €260m to Invest in Dementia Research and
● ClearBank appoints ex-PayPal and WorldPay exec as new CPO AltFi
.
● Neos Networks UK Appoints Lee Myall as its New CEO ISPreview
.
● Wealthkernel Appoints Brian Schwieger As Its Chairman And Non-exec
Director Financial IT
.
● Monument appoints new chief of staff AltFi
.
● Sophos Promotes Joe Levy to President of Sophos Technology Group and
Appoints Bill Robbins President of Worldw... AlBawaba
.
● De La Rue shares up new CFO Charles Andrews appointedMorningstar
.
Company News
.
● Unlimint Expands to Nigeria Offering Cutting-Edge Payment Technology Fintech
Finance
.
● Moolec Science Achieves USDA-APHIS Regulatory Status Review Clearance for
Molecular Farming Product Newswire
.
● YuLife lands in South Africa Finextra

Recent News (2/2)
Recent News in UK Tech in April 2023
UK Tech:News
28
● Access announces expansion with new offices in Romania and IrelandThe Access
Group
.
● AVITA Medical Announces Update to Automation Device GlobeNewswire
.
● French brand, bloobloom announces the opening of their flagship store in
Covent GardenBdaily
.
● FDA Partial Hold on Cancer Drug Adds to Molecular Templates’ Growing List of
Woes MedCity News
.
● Snappy Shopper expands across Newcastle Asian Trader
.
Regulatory News
.
● KPMG handed £1.25m fine over botched Luceco auditTheBusinessDesk.com

Explore more on Tracxn
Explore more about UK Tech on Tracxn Platform
UK Tech: Explore more on Tracxn Platform
29
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in United Kingdom
AI Companies in United Kingdom
Fintech Companies United Kingdom
Consumer Digital in United Kingdom
Company Due Diligence
Detailed profile of Octopus Energy
Competitors of SumUp
Cap Tables of cinch
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

Tracxn - United Kingdom Tech Monthly Funding Report

Recommended

Recommended

More Related Content

Similar to Tracxn - United Kingdom Tech Monthly Funding Report

Similar to Tracxn - United Kingdom Tech Monthly Funding Report (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - United Kingdom Tech Monthly Funding Report