Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds for October 2022. I have included some additional information as well such as industry, founding year, brief funding description, founders, total funding raised, to further the analysis for the state of venture capital in London. For the purposes of this analysis, only equity funding rounds were considered.
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6. Hoxton Farms £19.8M
Round: Series A
Description: Hoxton Farms is growing cultivated fat as an ingredient for the meat alternatives industry. Founded by Ed Steele and Max Jamilly in 2020, Hoxton Farms has now raised a total of £22.5M in total equity funding and is backed by Presight Capital, My Climate Journey Collective, Collaborative Fund, BACKED VC, and Founders Fund.
Investors in the round: AgFunder, BACKED VC, Collaborative Fund, CPT Capital, Fine Structure Venture, Founders Fund, My Climate Journey Collective, Presight Capital, Sustainable Food Ventures, Systemiq capital
Industry: Biotechnology
Founders: Ed Steele, Max Jamilly
Founding year: 2020
Total equity funding raised: £22.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
5. Railsr $26.0M
Round: Series C
Description: Railsr is a platform and financial services, enabling banks, businesses and brands to define the future of consumer and SME finance. Founded by Clive Mitchell and Nigel Verdon in 2016, Railsr has now raised a total of $147.2M in total equity funding and is backed by Visa, Kima Ventures, Global Brain Corporation, Liquidity, and Singlife.
Investors in the round: Anthos Capital, CreditEase, Moneta VC, Outrun Ventures, Ventura Capital
Industry: Banking, Developer APIs, Finance, Financial Services, FinTech, Payments
Founders: Clive Mitchell, Nigel Verdon
Founding year: 2016
Total equity funding raised: $147.2M
London TechWatch’s exclusive coverage of this round: Railsr Raises Another $26M for its Embedded Finance Platform That Allows Businesses to Simplify the Customer Experience
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
5. BMLL Technologies $26.0M
Round: Series B
Description: BMLL Technologies is the leading, independent provider of Level 3 Historical Data and Analytics for Capital Markets participants. Founded by Hugh Christensen in 2014, BMLL Technologies has now raised a total of $37.7M in total equity funding and is backed by IQ Capital, ACF Investors, Nasdaq Ventures, Samos Investments, and QVentures.
Investors in the round: FactSet, IQ Capital, Nasdaq Ventures
Industry: Analytics, Big Data, Cloud Computing, Machine Learning, Software
Founders: Hugh Christensen
Founding year: 2014
Total equity funding raised: $37.7M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
4. Tymit £23.0M
Round: Series A
Description: Tymit is a credit company that offers traditional credit cards and a buy now, pay later service. Founded by Juan Montalvo Bressi, Martin Magnone, and Nicolas Magnone in 2017, Tymit has now raised a total of £33.0M in total equity funding and is backed by Frasers Group, VentureFriends, and 365.fintech.
Investors in the round: Frasers Group
Industry: Credit, Credit Cards, Financial Services, Payments, Personal Finance
Founders: Juan Montalvo Bressi, Martin Magnone, Nicolas Magnone
Founding year: 2017
Total equity funding raised: £33.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
3. Stability AI £89.0M
Round: Seed
Description: Stability AI is an AI-driven visual art startup that designs and implements an open AI tool to create images based on text input given. Founded by Emad Mostaque in 2019, Stability AI has now raised a total of £89.0M in total equity funding and is backed by Lightspeed Venture Partners, Coatue, and O’Shaughnessy Asset Management.
Investors in the round: Coatue, Lightspeed Venture Partners, O’Shaughnessy Asset Management
Industry: Artificial Intelligence, Image Recognition, Information Technology, Software
Founders: Emad Mostaque
Founding year: 2019
Total equity funding raised: £89.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
2. Improbable £88.0M
Round: Venture
Description: Improbable is a technology company that provides a metaverse platform designed to offer virtual gaming experiences. Founded by Herman Narula, Peter Lipka, and Rob Whitehead in 2012, Improbable has now raised a total of $704.0M in total equity funding and is backed by Andreessen Horowitz, Temasek Holdings, Valour, Inc., NetEase, and Metaverse.
Investors in the round: Elrond, Metaverse, Valour, Inc.
Industry: Gamification, Gaming, Information Technology, Software, Virtual World
Founders: Herman Narula, Peter Lipka, Rob Whitehead
Founding year: 2012
Total equity funding raised: $704.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
1. Copper $181.0M
Round: Series C
Description: Copper is a cryptocurrency custody firm that provides a secure infrastructure for the institutional digital asset investment community. Founded by Dmitry Tokarev in 2018, Copper has now raised a total of $266.0M in total equity funding and is backed by Tiger Global Management, Ischyros New York, Dawn Capital, Barclays Ventures, and Illuminate Financial.
Investors in the round: Barclays Ventures, Ischyros New York, Tiger Global Management
Industry: Finance, Financial Exchanges, Financial Services
Founders: Dmitry Tokarev
Founding year: 2018
Total equity funding raised: $266.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
