The UK tech sector witnesses significant investment growth this week, showcasing promising developments across various industries.
- A striking 162% increase in funding has been observed, amounting to £343.2m across eight rounds.
- Lighthouse, the travel analytics platform, secures Series C funding with notable investors including KKR and Spectrum Equity.
- DEScycle, a climate tech company focused on e-waste, attracts Series A investment to expand its recycling capabilities.
- Innovators like Silveray and Heim Health also gain traction with advancements in health tech sectors.
The UK tech sector has experienced a substantial boost in investments this week, reflecting a 162% week-on-week increase with £343.2m raised across eight funding rounds. This surge highlights burgeoning interest in diverse technology domains, reinforcing the nation’s status as a vibrant tech hub.
Lighthouse, a London-based travel analytics platform, secured Series C funding from investors such as KKR, Spectrum Equity, and others. Founded in 2012, Lighthouse provides vital data insights to the travel and hospitality industries, enabling these sectors to enhance operational efficiency.
Goodstack, operating in the fintech sector, completed a Series A funding round. Based in London and founded in 2017, Goodstack offers a platform for managing corporate charitable donations, drawing investment from entities like General Catalyst and Morpheus Ventures.
In the climate tech arena, DEScycle focuses on the recycling of metals from electronic waste. Established in 2018, this London-based company raised Series A funding with support from investors including BGF and Nesta, aiming to advance its sustainable practices.
The health tech sector also saw notable advancements. Cytomos, an Edinburgh-based firm, received early VC funding to further develop its cell analysis platform. Meanwhile, Manchester’s Silveray has pioneered a novel X-ray technology promising cost efficiency and operational effectiveness, attracting seed funding from Northern Gritstone and others.
Tewke, another climate tech startup, has designed a new touch-screen light switch to facilitate home energy management, reflecting its commitment to innovation in domestic energy solutions.
Heim Health, founded in London in 2022, offers a software platform to simplify clinical care tasks. The company recently secured seed funding from investors such as Heal Capital and Form Ventures.
Additionally, Manny AI, a fashion tech company established in London in 2023, closed a pre-seed funding round to support its automated garment production tool. This tool aims to streamline manufacturing processes in the fashion industry.
This week’s funding activities underscore a dynamic and diversified growth trajectory within the UK tech industry.
