Tracxn - United Kingdom Tech Monthly Funding Report

TRACXN MONTHLY REPORT
JUNE 2023
UK TECH

United Kingdom Tech - June 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 25
Recent News 28

UK Tech Snapshot – June 2023
UK Tech: Snapshot – June 2023
Note : "Investors" refers to "Institutional Investors" only
3
$3.7B
40
Overall Geo Stats
20
27
191
48
100
Funding Rounds $ Invested Analyst Picks
Synthesia
Upgraded to
UNICORN
New Investors
UOB
RiverPark Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Theragnostics
Velocity Black
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
London
(61 Rounds, $3.4B)
Cambridge
(4 Rounds, $52.0M)
Bristol
(3 Rounds, $66.2M)
Belfast
(3 Rounds, $66.2M)
$2.9B - Series C
Quell (2019, London, $3.1B)
$150M - Series A
Accelerant (2018, Colchester, $343M)
$96M - Series C
Nothing (2020, London, $240M)
$90M - Series C
Synthesia (2017, London, $157M)
Fuel Ventures
(4 Investments)
Balderton Capital
(3 Investments)
MMC Ventures
(3 Investments)
SFC Capital
(3 Investments)
Transplant Medicine
Quell
Immunology
RegTech
Accelerant
Insurance IT
Wrisk
Market Size
Companies Covered 82,986
Funded Companies 13,909
Total Funding $176B
Funding in last 12 months $17.7B
Top Exits
IPOs 362
Acquisitions 4,373
Company Stage
Unicorns 51
Soonicorns 369
Minicorns 1,351
Editor Picks 6,267
Series A+ 3,564
Series C+ 759
Acqui-Hires 24
Deadpooled 13,035
Top Cities
London (10,123 Rounds, $113B)
Cambridge (711 Rounds, $6.8B)
Top Investors
Gov.uk (279 Investments)
Seedcamp (185 Investments)

Investment Snapshot
Investment Snapshot of UK Tech as of June 2023
UK Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2023)*
Quell
(2019, London, $3.1B)
$2.9B - Series C Astrazeneca
Accelerant
(2018, Colchester, $343M)
$150M - Series A Barings
Nothing
(2020, London, $240M)
$96.0M - Series C Highland Europe
Synthesia
(2017, London, $157M)
$90.0M - Series C Accel
Volt
(2019, Bristol, $84.2M)
$60.0M - Series B IVP
Get Harley
(2019, London, $67.0M)
$52.0M - Series B Index Ventures
Gensyn
(2020, London, $50.6M)
$43.0M - Series A a16z crypto
Uncommon
(2017, Cambridge, $35.0M)
$30.0M - Series A Redalpine
TreasurySpring
(2016, London, $41.5M)
$29.0M - Series B Balderton Capital
Tandem
(2013, London, $309M)
$25.4M - Series C Quilam Capital
BIOS
(2015, Cambridge, $25.9M)
$20.0M - Series A Selvedge Venture
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in UK Tech in June 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
$2.2M - Series C
Freetrade (2015, London, $164.8M)
App-based stock market trading platform
$10.0M - Series C
Winnow (2013, London, $34.1M)
Food waste tracking and management solutions
provider
ArcTern Ventures, BRIDGE NINE RECORDS, Novax,
Circularity Capital, Mustard Seed, and 1 more
$13.0M - Series C
Mypinpad (2012, Cardiff, $32.1M)
Payment security solutions via PIN authentication
Crossfin
LATE STAGE
$25.4M - Series C
Tandem (2013, London, $308.7M)
Internet-first bank offering digital banking for
consumers
Quilam Capital
$90.0M - Series C
Synthesia (2017, London, $156.6M)
AI-based dubbing and subtitling solutions provider
Accel, Kleiner Perkins, MMC Ventures, Google
Ventures, FirstMark, and 4 more
$96.0M - Series C
Nothing (2020, London, $239.5M)
Internet first brand offering noise-canceling earbuds
Highland Europe, C Capital, Google Ventures, EQT
Ventures, Swedish House Mafia
LATE STAGE
$2.9B - Series C
Quell (2019, London, $3.1B)
Developer of T regulatory cell therapies for
immunological diseases
Astrazeneca
Series D
Habito (2015, London, $92.5M)
Online mortgage broker
Volution, Bootstrap Europe, SBI Investment,
Augmentum
PE
Direct Ferries (1999, London)
Online platform to book cruises and ferries
ICG, Livingbridge

6
EARLY STAGE
$1.6M - Series A
Verifi (2019, London, $8.8M)
Provider of rights management solutions for the music
industry
$2.7M - Series A
Commonplace (2013, London, $7.0M)
Online civic engagement platform for community
development
Beringea, Grosvenor, Foundation Ventures, Concrete
Ventures, Oxford Innovation Finance, and 1 more
$3.1M - Series A
Wearisma (2015, London, $4.3M)
AI based influencer marketplace platform
Adjuvo
EARLY STAGE
$4.3M - Series A
RoyaltyRange (2012, Romford, $4.7M)
Intellectual property royalty rates database
Presto Ventures, Zgi capital, Trind VC
$5.4M - Series A
SuperScale (2005, London, $5.4M)
Tech enabled service provider for game developers &
publishers
Venture to Future Fund, Across Private Investments,
Zero One Hundred
$5.8M - Series A
Beyonk (2019, London, $9.7M)
Online marketplace for discovering & booking outdoor
activities/experiences
Fuel Ventures
EARLY STAGE
$6.4M - Series A
Actimed Therapeutics (2016, London, $17.5M)
Develoeper of therapies for treating cancer and other
chronic diseases
Mankind Pharma
$7.3M - Series A
Fundmypitch (2022, London, $7.3M)
Social investment platform that connects investors
with investment-ready companies seeking funds
$8.9M - Series A
Seat Unique (2018, London, $8.9M)
Multi category event listing and ticketing platform
Nickleby Capital, Richard Flint, Simon Murphy

7
EARLY STAGE
$10.0M - Series A
Pneumagen (2016, St Andrews, $18.3M)
Developer of a treatment for respiratory tract
infections and cancer
Scottish Enterprise, Esperante
$10.0M - Series A
BXIN (2004, , $10.0M)
Online trading platform for cryptocurrencies
$13.0M - Series A
Supercritical (2021, Sevenoaks, $18.7M)
Provides carbon offseting solutions.
Lightspeed Venture Partners, Greencode Ventures,
MMC Ventures, RTP Global
EARLY STAGE
$14.2M - Series A
revmedica (2017, Durham, $14.2M)
Developer of a laparoscopic surgical stapler
$19.0M - Series A
Material Evolution (2017, London, $20.7M)
Provider of geopolymer-based concrete using data and
machine learning algorithms
Kompas, SkyRiver Ventures, HG Ventures, Norrsken VC,
Playfair Capital, and 2 more
$19.1M - Series B
DREST (2019, London, $38.3M)
Online community-driven platform to share fashion
looks
EARLY STAGE
$20.0M - Series A
EvaluAgent (2012, Middlesbrough, $20.0M)
Workforce optimization solution provider
PeakSpan
$20.0M - Series A
BIOS (2015, Cambridge, $25.9M)
Provider of AI-based platforms to diagnose nervous
system disorders
Selvedge Venture, XTX Markets
$29.0M - Series B
TreasurySpring (2016, London, $41.5M)
Fixed term funds issuer
Balderton Capital, MMC Ventures, Black Lion Ventures,
Anthemis Group, Mubadala, and 1 more

8
EARLY STAGE
$30.0M - Series A
Uncommon (2017, Cambridge, $35.0M)
A bio-creation company that focuses on making high-
quality pork products from healthy pork cells
Balderton Capital, Lowercarbon Capital, East Alpha,
Redalpine, Max Altman, and 2 more
$43.0M - Series A
Gensyn (2020, London, $50.6M)
Provider of a solution to train machine learning models
remotely
a16z crypto, Eden Block, Protocol Labs, Maven 11,
Canonical, and 5 more
$52.0M - Series B
Get Harley (2019, London, $67.0M)
Provider of online teleconsultation platform for skin
treatment
Index Ventures, Visionaries Club, Headline, Village
Global, Andrew Robb, and 4 more
EARLY STAGE
$60.0M - Series B
Volt (2019, Bristol, $84.2M)
Online payment gateway solutions for businesses
IVP, Augmentum, CommerzVentures, EQT Ventures,
Fuel Ventures
$150.0M - Series A
Accelerant (2018, Colchester, $343.0M)
Provider of data intelligence tools for underwriters to
assess risk
Barings
Series A
Ace Aquatec (2001, Dundee, $12.4M)
Provides acoustic marine mammal deterrents and
humane electrical fish stunning equipment
Earth Capital, Aqua Spark
EARLY STAGE
Series B
Snowplow (2012, London, $55.0M)
AI based platform offering data preparation solutions
Databricks
Series A
Workscope (2000, Borehamwood)
Cloud-based integrated risk management software
provider
Alteryx
Series B
Flexion Mobile (2008, London, $15.5M)
Mobile app distribution and monetization platform
Alta Fox Capital

9
EARLY STAGE
Series A
Roslin Technologies (2016, Edinburgh, $25.1M)
Provider of lab grown meat
Kickstart Ventures
Series A
Wrisk (2016, London, $15.5M)
Insurance trading solutions for businesses
Flow Capital
Series A
RoboK (2017, Cambridge)
Vision-based 3D sensing technology for ADAS &
autonomous vehicles
University of Cambridge, Deeptech Labs, Bristol Port,
Parkwalk, Amadeus Capital, and 2 more
SEED STAGE
$128.0K - Seed
SphereTrax (2022, Hitchin, $433.7K)
Provider of an online platform offering royalty-free
music
Fintage House
$186.4K - Seed
Cress (2022, Manchester, $186.4K)
Online platform for buying and selling pre-loved
clothes for kids and babies
$310.9K - Seed
Swoperz (2021, London, $310.9K)
Online marketplace offering second-hand casual wear
for kids
Jenson Funding Partners
SEED STAGE
$310.9K - Angel
Basket (2021, London, $3.1M)
Online price tracking platform offering multi-category
products
James Watt
$319.2K - Seed
RezKit (2022, Bordon, $319.2K)
SAAS-based reservations system for travel industry
Jenson Funding Partners
$539.5K - Seed
Crono (2022, London, $539.5K)
AI powered platform offering prospecting
management tool
SFC Capital, Startup Wise Guys, Digital Magics, Aticco
Ventures

10
SEED STAGE
$621.9K - Seed
MARTECH3D (2020, London, $621.9K)
Developer of a 3D product configuration platform
Blackfinch Ventures
$656.4K - Seed
Perfect.Live (2022, London, $656.4K)
App-based platform for multiple task management
solutions
Eduards Zolotuhins, Sergei Verbitski, Igor Molder
$750.0K - Seed
Precision Cardiovascular (2021, Harefield,
$750.0K)
Provider of remote monitoring platform for cardiac
conditions
Acasia Angels
SEED STAGE
$900.0K - Seed
Ambr (2022, London, $900.0K)
Cloud-based employee benefits platform for wellness
benefits
Fuel Ventures, PI LABS, APX, PLUG & PLAY, Loyal
$1.3M - Seed
Doshi (2021, London, $1.3M)
Mobile-based wallet for NFT and crypto
Calm/Storm, Alfred Luger
$1.3M - Seed
HELIXX (2022, London, $1.3M)
Manufacturer of electric trucks
SEED STAGE
$1.4M - Seed
Renewabl (2023, London, $1.4M)
Platform that enables companies to match renewable
energy certificates
South Pole, QVentures, Syndicate Room
$1.4M - Seed
Arda Biomaterials (2022, London, $1.4M)
Developer of biomaterials
Clean Growth Fund, Serpentine Ventures, Satgana,
Plug and Play Tech Center
$1.5M - Seed
Nebeus (2014, London, $2.7M)
Blockchain wallet

11
SEED STAGE
$1.8M - Seed
iAM Compliant (2012, Chester, $3.2M)
Provider of a SaaS-based compliance management
software for schools
Maven Capital Partners
$1.9M - Seed
About Energy (2021, London, $1.9M)
Provider of battery design software
HighSage, Electric Revolution, Vireo Ventures, Plug and
Play Tech Center, Rishi Khosla
$1.9M - Seed
Statement (2023, London, $1.9M)
Payment card comparison platform for small
businesses
Northzone, Triple Point, Notion
SEED STAGE
$1.9M - Seed
Adamo Foods (2021, London, $2.5M)
Developer of fungi-based meat substitute products
SFC Capital
$2.0M - Seed
Albotherm (2020, Buckingham, $7.2M)
Provider of air purification and temperature
monitoring solution
Green Angel Ventures
$2.0M - Seed
FileOrbis (2012, London, $2.0M)
Cloud-based software for document collaboration
Revo Capital
SEED STAGE
$2.0M - Seed
UpFront Diagnostics (2017, Cambridge, $2.0M)
Developer of a rapid diagnostic test for stroke
diagnosis
APEX Ventures, Stroke, SBRI Healthcare
$2.5M - Seed
OutDID (2022, London, $2.5M)
Customer identity verification platform
Jump Crypto, Superscrypt, Matias Woloski, Gaston
Frydlewski, Santiago Siri, and 5 more
$2.8M - Seed
32Co (2021, London, $2.8M)
Medical technology platform that helps general
dentists deliver clear aligners to patients
Balderton Capital, Wavemaker 360, Nicolas Cary

12
SEED STAGE
$2.8M - Seed
Interrodata (2018, Weybridge, $2.8M)
Provider of AI based reporting and dashboarding
solution provider
Fuel Ventures
$2.8M - Seed
OneUp (2015, Birmingham, $3.9M)
Cloud based performance management tool for sales
teams
Midlands Engine Investment Fund
$2.9M - Seed
Fennech Financial (2017, London, $2.9M)
Cloud-based finance and treasury process automation
software
Lloyds Banking Group
SEED STAGE
$3.0M - Seed
We are Nium (2022, London, $3.0M)
Provider of green ammonia
AgFunder, DCVC, Carbon13
$3.1M - Seed
Alvie Health (2019, London, $3.1M)
AI-coaching solution empowering cancer patients
through personalized prehabilitation
Ada Ventures
$3.1M - Seed
Omnevue (2021, Eastbourne, $3.1M)
Software platform for compliance and carbon emission
solutions
Elbow Beach Capital, PI LABS, Zone2boost
SEED STAGE
$3.4M - Seed
Dumme (2022, London, $3.5M)
AI-powered video generation platform
Caffeinated Capital, Protocol Labs, Y Combinator, SciFi,
Suhail Doshi, and 2 more
$3.5M - Seed
XONAI (2020, London, $3.5M)
AI-based platform offering data fabric solutions
Kadmos Capital, Deep Science Ventures, Nauta Capital,
Adara, Notion, and 2 more
$3.5M - Seed
Versori (2022, Altrincham, $4.0M)
Platform offering data cleansing solutions
Stage 2 Capital, Cindy Bi, Jamie Su

13
SEED STAGE
$4.6M - Seed
SMi (2018, Suffolk, $4.6M)
Developer of a single molecule imaging tool for
research and clinical diagnostics
Norcliffe Capital
$4.9M - Seed
Odore (2018, London, $7.5M)
Platform offering marketing campaign management
solutions
$5.0M - Seed
Red Rover Interactive (2023, Newcastle Upon
Tyne, $5.0M)
Game development studio creating multiplayer games
The Games Fund, Behold Ventures, GEM Capital,
Lifelike Capital, Acequia Capital
SEED STAGE
$5.5M - Seed
Glyphic (2022, Kent, $5.5M)
AI copilot for sales teams
Point72 Ventures, Creator Fund, Dhyan Ventures,
Mehdi Ghissassi
$5.5M - Seed
Apron (2022, London, $5.5M)
Invoice payment solution for businesses
Bessemer Venture Partners
$5.5M - Seed
Pixion (2017, London, $7.5M)
Mobile game developer specializing in casual games
Shima Capital, Merit Circle, Ready Player DAO, VGC,
Zee Prime Capital, and 4 more
SEED STAGE
$6.2M - Seed
Oort Energy (2021, Bristol, $6.2M)
Provider of solutions for green hydrogen generation
ERV, Trirec
$6.5M - Seed
Atoa (2022, London, $17.2M)
QR code solution for businesses
Valar Ventures, Passion Capital, Leo Capital, Moon
Capital
$8.1M - Seed
Hypervision Surgical (2020, London, $8.1M)
AI-based tissue analysis software for surgical precision
Redalpine, HERAN Partners, Life Extension Ventures,
ZEISS

14
SEED STAGE
$10.0M - Seed
Upp (2019, London, $10.0M)
Provider of AI-powered product intelligence software
solutions for e-commerce businesses
Bonfire Ventures
Seed
pHion Therapeutics (2017, Belfast)
Developer of drug delivery using targeted
nanoparticles
invoX Pharma
Seed
Pasabi (2016, Edinburgh)
Online personalized recommendation platform for
fashion products
VeUP
SEED STAGE
Seed
fumo (2018, London)
Online platform for IOU services
Seed
Meanwhile (2022, Hamilton, $19.0M)
Digital asset-denominated life insurance provider
Gradient Ventures, Mouro Capital, MS & AD, Hudson
Structured Capital Management, 6MV, and 5 more
Seed
La Fauxmagerie (2019, London)
Online retailer of plant-based cheese
Sentient Ventures
SEED STAGE
Seed
StrikeX (2021, London)
Developer of a crypto-based regular trading platform
for cryptocurrencies
CMC Markets
Seed
GoReport (2011, Belfast, $500.0K)
Provider of a data collection tool with building
surveyors
ScaleUp Capital
Seed
Astra Procotol (2021, London)
Compliance management solution for DeFi

15
SEED STAGE
Seed
Earlybird (2022, London)
Online HRMS platform for employee onboarding
fundBLACKfounders
Angel
DeliveryApp (2019, Manchester)
Offers an app providing same-day delivery services
Rio Ferdinand
Seed
TradingHub (2010, London)
SaaS based platform offering risk and compliance
management solutions
Summit Partners
SEED STAGE
Seed
Windscope (2023, Bristol)
Online platform offering wind turbine health
monitoring system
Sustainable Ventures
Seed
ParFin (2019, London, $21.5M)
Platform offering web3 infrastructure solutions
Accenture
Seed
Plannr (2021, Waterlooville)
Financial planning software for individuals
Fintel
SEED STAGE
Seed
New Comma (2020, London)
Social media platform for creatives
SFC Capital
Seed
Knowing and doing without boundaries (2023,
Hayes)
Computing chip manufacturer
Qianhai Ark Asset Management
Seed
Novocomms (2019, Birmingham)
IoT-based communication devices

16
SEED STAGE
Seed
Valkyrie (2017, London, $539.1K)
Provider of haptic gloves for VR
Asics

New Investors (1/2)
List of New Investors in UK Tech in June 2023
UK Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
UOB
57 portfolio companies | Venture capital firm backed by UOB
Transak
Payment gateway and banking solutions for cryptocurrencies
$20.00M Series A
RiverPark Ventures
82 portfolio companies | Venture capital firm backed by RiverPark Funds group
Nivoda
B2B marketplace platform offering diamonds
$11.00M Series A
Nickleby Capital
5 portfolio companies | Private equity and M&A advisory firm focused on
multiple sectors
Seat Unique
$8.85M Series A
Ridge Ventures
65 portfolio companies | Venture capital firm focused on seed to series A stage
companies
WireMock
API mocking tool
$6.50M Seed
Kadmos Capital
4 portfolio companies | Venture capital firm focused on technology companies
XONAI
$3.50M Seed
East Alpha
1 portfolio companies | Asset management firm
Uncommon
A bio-creation company that focuses on making high-quality pork
products from healthy pork cells
$30.00M Series A
Canonical
6 portfolio companies | Canonical Crypto
Gensyn
Provider of a solution to train machine learning models remotely
$43.00M Series A
Storytel
1 portfolio companies | App-based subscription platform for e-books
ElevenLabs
Provider of AI and SaaS-based text to speech software
$19.00M Series A
Operator Partners
69 portfolio companies | Venture capital firm investing in tech sectors
Nivoda
B2B marketplace platform offering diamonds
$11.00M Series A
Superscrypt
17 portfolio companies | Blockchain focused on investment firm
OutDID
Customer identity verification platform
$2.50M Seed

New Investors (2/2)
List of New Investors in UK Tech in June 2023
UK Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
CircleRock Capital
5 portfolio companies | Venture capital firm focused on seed to series B stage
technology companies
Material Evolution
Provider of geopolymer-based concrete using data and machine
learning algorithms
$19.02M Series A
COREangels
6 portfolio companies | Angel network focused on multiple sectors
Hotel Manager
Provider of web-based property management solutions
$2.75M Seed
Presto Ventures
24 portfolio companies | Venture capital firm focused on pre-seed and seed
stage investments in tech companies
RoyaltyRange
Intellectual property royalty rates database
$4.30M Series A
Behold Ventures
5 portfolio companies | Venture capital fund focused on early-stage startups
Red Rover Interactive
Game development studio creating multiplayer games
$5.00M Seed
Concrete Ventures
23 portfolio companies | Venture capital investment firm focused on multiple
sectors
Commonplace
Online civic engagement platform for community development
$2.66M Series A
OSV
3 portfolio companies | Venture capital firm focused on early stage media
companies
Odin
Fundraising platform for founders, angels, and VCs
$3.00M Seed
Material V
2 portfolio companies | Venture capital fund investing in tech startups
Odin
Fundraising platform for founders, angels, and VCs
$3.00M Seed
srv.vc
1 portfolio companies |
Satellite Vu
Provider of satellite-based imaging systems
$16.14M Series A
Barings
27 portfolio companies | Private fund focused on debt and equity investments
in real estate and multiple sectors
Accelerant
Provider of data intelligence tools for underwriters to assess risk
$150M Series A
Caffeinated Capital
107 portfolio companies | Tech focused seed & growth stage VC firm investing in
the US
Dumme
$3.40M 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 ▲12 Drugs for Immunological Disorders $2.9B 5 Quell | $2.9B | Series C
2 -- Cryptocurrency Custodian Services $732M 3 Copper | $500M | Series C
3 -- Green Utilities $628M 3 Octopus Energy | $550M | Series F
4 --
Healthcare IT > Value Based Care > Care Coordination >
MatchMaking
$320M 1 Cera | $320M | Series C
5 ▲13 Low Code Development Platforms $272M 6 Builder | $250M | Series D
6 ▲6 Oncology Drugs $243M 16 Pheon Therap.. | $68.0M | Series A
7 ▲3 Security Testing Software $241M 5 Snyk | $197M | Series G
8 ▲16 Financial Fraud Detection Software $210M 4 Quantexa | $129M | Series E
9 -- Hotel Management Software $194M 4 Mews | $185M | Series C
10 ▲26 Image Recognition $188M 4 Quantexa | $129M | Series E

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in UK Tech in June 2023
UK Tech: Analyst Picks
20
Upgraded to UNICORN
Synthesia (2017, London, $90.0M, Series C)
AI-based dubbing and subtitling solutions provider
Accel, NVIDIA, Kleiner Perkins and 26 other Investors
Upgraded to SOONICORN
Get Harley (2019, London, $52.0M, Series B)
Provider of online teleconsultation platform for skin
treatment
Index Ventures, Headline, Visionaries Club and 8 other
Investors
Volt (2019, Bristol, $60.0M, Series B)
Online payment gateway solutions for businesses
IVP, CommerzVentures, EQT Ventures and 4 other
Investors
TreasurySpring (2016, London, $29.0M, Series B)
Fixed term funds issuer
Balderton Capital, Mubadala, ETFS Capital and 4 other
Investors
Upgraded to MINICORN
Mypinpad (2012, Cardiff, $13.0M, Series C)
Payment security solutions via PIN authentication
Crossfin, Level39, Asia Principal Capital and 3 other
Investors
EvaluAgent (2012, Middlesbrough, $20.0M, Series A)
Workforce optimization solution provider
PeakSpan,NEL Fund Managersand
DREST (2019, London, $19.1M, Series B)
Online community-driven platform to share fashion
looks
BIOS (2015, Cambridge, $20.0M, Series A)
Provider of AI-based platforms to diagnose nervous
system disorders
Selvedge Venture, XTX Markets, MEDTEQ and 15 other
Investors

21
Pixion (2017, London, $5.5M, Seed)
Mobile game developer specializing in casual games
Shima Capital, Eldridge, Merit Circle and 9 other
Investors
Uncommon (2017, Cambridge, $30.0M, Series A)
A bio-creation company that focuses on making high-
quality pork products from healthy pork cells
Redalpine, East Alpha, Balderton Capital and 4 other
Investors
Meanwhile (2022, Hamilton, Undisclosed, Seed)
Digital asset-denominated life insurance provider
Gradient Ventures, Mouro Capital, MS & AD and 9
other Investors
Upp (2019, London, $10.0M, Seed)
Provider of AI-powered product intelligence software
solutions for e-commerce businesses
Bonfire Ventures,Downing Venturesand
Arda Biomaterials (2022, London, $1.4M, Seed)
Developer of biomaterials
Clean Growth Fund, Plug and Play Tech Center,
Serpentine Ventures and 1 other Investors
Hypervision Surgical (2020, London, $8.1M, Seed)
AI-based tissue analysis software for surgical precision
HERAN Partners, Redalpine, Life Extension Ventures
and 4 other Investors
Glyphic (2022, Kent, $5.5M, Seed)
AI copilot for sales teams
Point72 Ventures, Dhyan Ventures, Creator Fund and 1
other Investors
About Energy (2021, London, $1.9M, Seed)
Provider of battery design software
HighSage, Vireo Ventures, Plug and Play Tech Center
Fundmypitch (2022, London, $7.3M, Series A)
Social investment platform that connects investors
with investment-ready companies seeking funds
Bigspace Investmentsand
SuperScale (2005, London, Undisclosed, Seed)
Tech enabled service provider for game developers &
publishers
Venture to Future Fund, Across Private Investments,
Zero One Hundred and 1 other Investors
We are Nium (2022, London, $3.0M, Seed)
Provider of green ammonia
AgFunder, DCVC, Carbon13 and 1 other Investors
Seat Unique (2018, London, $8.9M, Series A)
Nickleby Capital,Richard Flint,Simon Murphyand

22
Oort Energy (2021, Bristol, $6.2M, Seed)
Provider of solutions for green hydrogen generation
ERV,Trirecand
BXIN (2004, , $10.0M, Series A)
Online trading platform for cryptocurrencies
SphereTrax (2022, Hitchin, $128K, Seed)
Provider of an online platform offering royalty-free
music
Fintage House,Jenson Funding Partnersand
Apron (2022, London, $5.5M, Seed)
Invoice payment solution for businesses
Bessemer Venture Partnersand
Cress (2022, Manchester, $186K, Seed)
Online platform for buying and selling pre-loved
clothes for kids and babies
Added to Editor's Pick
Beyonk (2019, London, $5.8M, Series A)
Online marketplace for discovering & booking outdoor
activities/experiences
Fuel Venturesand
CUR8 (2022, Oxford, $6.5M, Seed)
Online platform offering carbon offset solution
Google Ventures, CapitalT, Potential Climate Ventures
Wearisma (2015, London, Undisclosed, Seed)
AI based influencer marketplace platform
Adjuvo,Morgan Stanleyand
Astra Procotol (2021, London, Undisclosed, Seed)
Compliance management solution for DeFi
Fundamental Labs, Wave Financial, GDA Investments

23
XONAI (2020, London, $3.5M, Seed)
Kadmos Capital, Adara, Deep Science Ventures and 4
other Investors
OneUp (2015, Birmingham, $2.8M, Seed)
Cloud based performance management tool for sales
teams
Midlands Engine Investment Fund,Merciaand
TradingHub (2010, London, Undisclosed, Seed)
SaaS based platform offering risk and compliance
management solutions
Summit Partnersand
Dumme (2022, London, $3.4M, Seed)
Y Combinator, Caffeinated Capital, SciFi and 4 other
Investors
UpFront Diagnostics (2017, Cambridge, $2.0M,
Seed)
Developer of a rapid diagnostic test for stroke
diagnosis
APEX Ventures,SBRI Healthcare,Strokeand
SMi (2018, Suffolk, $528K, Grant (prize money))
Developer of a single molecule imaging tool for
research and clinical diagnostics
Norcliffe Capital,UK Research and Innovationand
ZOMP (2021, Cambridge, $2.5M, Seed)
Developer of 3D imaging cell sorting device
ZEISS, BGF, Foresight WAE Technology and 1 other
Investors
Kismia (2012, Tortola, Unfunded)
Online dating platform
Mnaara (2022, London, $378K, Seed)
Online platform for alternative investment private
funds
Khalid Malik, Nadim Salha, Pavan Konanur and 16
other Investors
Everfund (2021, Lincoln, $2.1M, Series A)
Cloud-based suite solutions platform for fundraising
Netlifyand
FileOrbis (2012, London, $2.0M, Seed)
Cloud-based software for document collaboration
Revo Capitaland
Paleo Ridge (2014, Waterlooville, Unfunded)
Internet first brand offering dog food

24
Unhidden (2017, London, Unfunded)
Adaptive fashion brand for people with disabilities
West Barn Co (2016, Durham, Unfunded)
Internet first brand offering color cosmetics for eyes
ShopiVerse (2021, Maidenhead, Unfunded)
Cross-border e-commerce solutions for businesses
Tether Contract (2023, Surbiton, Unfunded)
Decentralized governance platform for Tether token
holders to govern smart contracts
Sabvo (2020, London, Unfunded)
Provider of AI-driven robotic automation systems
Verid (2021, London, Unfunded)
Cloud-based AI employee and candidate background
screening solutions
Thrive Fulfilment (2023, Wigston, Unfunded)
Ecommerce fulfillment solutions provider for start ups
and SMEs

Acquisitions (1/3)
List of Acquisitions in UK Tech in June 2023
UK Tech: Acquisitions
25
Acq. Date Company Acquirer Deal Size
01 Jun 2023
Theragnostics(2015, Bracknell)
Developer of gallium based diagnostic and therapeutic agents
Ariceum Therapeutics
01 Jun 2023
Velocity Black(2014, London, $50.8M)
Provider of anAI-driven travel planning & recommendation
platform
Capital One
01 Jun 2023
Pelipod(2013, London)
Electronic locker box for parcel delivery
ByBox
01 Jun 2023
ParkVia(2008, Manchester)
Online platform compare & pre-book parking spaces
CAVU
02 Jun 2023
Mr & Mrs Smith(2003, London, $7.8M)
Online luxury accommodation marketplace
Hyatt $66.1M
02 Jun 2023
Balloons Over Britain(1999, Telford)
Online platform for booking hot air balloon rides
WonderDays
02 Jun 2023
Microwave Amps(1990, Bristol)
Manufacturer of RF amplifiers for communication solutions
ScandiNova
03 Jun 2023
Advizzo(2015, London)
SaaS-based customer engagement platform for water utilities
Calisen
06 Jun 2023
THOR Photomedicine(1993, Chesham)
Devices for Low Level Light therapy for pain and inflammation
reduction
Nordic Nanovector
06 Jun 2023
RunYourPool(2003, Hayes)
SaaS-based sports pool hosting and management platform
SplashSports

Acquisitions (2/3)
26
08 Jun 2023
Lothian Building Supplies(2003, Lothian)
Online platform offering building materials
JW Grant
09 Jun 2023
UNIwise(2012, Manchester)
Cloud-based platform providing assessment-based solutions
Monterro
13 Jun 2023
pa-RENT(2021, Edinburgh)
Online rental platform for multi-category products
RentMy
13 Jun 2023
Vizolution(2013, Swansea, $22.4M)
Customers service solutions in remote channels
Lightico
13 Jun 2023
Edge Retreats(2011, London, $1.4M)
Curated marketplace for luxury villa rentals
Viadi
14 Jun 2023
Privitar(2015, London, $174.4M)
Big data platform for data security & privacy
Informatica
15 Jun 2023
Nucoro(2016, London, $131.3M)
Wealth management solutions
Backbase
20 Jun 2023
Pixelz AI(2022, London)
Online platform to create, buy and sell digital art NFTs using AI
tool
Storyteq
22 Jun 2023
Hoverfly(2015, London)
Tool to create API simulations
iOCO
27 Jun 2023
ElevenLabs(2022, London, $21.0M)
Provider of AI and SaaS-based text to speech software
GMV

Acquisitions (3/3)
27
28 Jun 2023
Imagen(1996, Cambridge, $17.0M)
Digital asset management and content distribution solutions
provider
Thomson Reuters
28 Jun 2023
CORE IMS(2001, Rugby)
Provider of client management software for clinicians
norsefeedback.no
28 Jun 2023
SamKnows(2008, London)
Internet performance measurement tool
Cisco
29 Jun 2023
Tag Games(2006, Dundee, $0.2M)
Developer of mobile games
Scopely
29 Jun 2023
Affinitus(1991, Sittingbourne)
Provider of ERP management solutions for food manufacturers
Aptean
30 Jun 2023
Evie Autonomous(2022, Stoke-on-Trent)
Developer of self-driving vehicle technology for shuttles
Bannix Acquisition
30 Jun 2023
Greentomatocars(2006, Brentford)
App-based on-demand electric cab services
Addison Lee

Recent News (1/2)
Recent News in UK Tech in June 2023
UK Tech:News
28
Exit News
.
● Cisco to acquire Accedian to bolster its network assurance portfolioTelecom
Operator News
.
● Welsh customer experience solutions firm Vizolution has been acquired by
Lightico Tech.eu
.
● Ocado’s shares surges on reports Amazon is lining up an acquisitionPageOne
.
● Bankable buys embedded finance firm Arex MarketsFinextra
.
● Amsterdam unicorn Backbase acquires London’s Nucoro to add investing
capabilities to its platformSilicon Canals
.
● Thomson Reuters Signs Definitive Agreement to Acquire Imagen Ltd.PR Newswire
.
● VFC Saves Meatless Farm From Administrationvegconomist.com
.
● Veritone Closes Acquisition of BroadbeanBusiness Wire
.
Fund News
.
● Talis brings the tally to $175 million with third fundTech.eu
People News
.
● Frasers Group appoints Mike Ashley as a consultant East Midlands Business Link
.
● Sweaty Betty names former Jo Malone exec as president retailgazette.co.uk
.
● Ocado appoints Rachel Osborne as a non-executive director theretailbulletin.com
.
● Jim Rittinger Named Empower AI General Counsel, Corporate Secretary GovCon
Wire
.
● UNIVO appoints Pearson's Siddharth Banerjee as its CEO BestMediaInfo
.
● Alphabet-backed UK payments firm GoCardless to cut 15% workforce crast.net
.
● Secret Sales hires Leon Shepherd as chief technology officer theretailbulletin.com
.
● Spirent Names Rajesh Pathak as Country MD for India & SAARC TelecomDrive
.
Company News
.
● Revolut launches Revolut Business in Australia Revolut

Recent News (2/2)
Recent News in UK Tech in June 2023
UK Tech:News
29
● Modulr Launches in Spain and France, unlocking opportunities for businesses
with embedded paymentsFintech Finance
.
● Technology start-up lands in Yorkshire as it opens UK headquarters
TheBusinessDesk.com
.
● F2G gets rejected by the FDA, which wants more data before it will approve
antifungal drug, company says EndPoints News
.
● ClearScore launches in New ZealandFintech InShorts
.
● Earth-positive materials science brand PANGAIA opens first Travel Retail
location in DubaiZawya
.
● AVITA Medical Announces FDA Approval of RECELL for Skin Repigmentation in
Vitiligo PatientsGlobeNewswire
.
● Phase Eight opens first standalone store in Germany as it continues European
expansion retailgazette.co.uk
.
Regulatory News
.
● Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight
Against School ViolenceBitcoin

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