Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during the month of May. 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.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
11. Purple Dot £8.0M
Round: Series A
Description: Purple Dot creates best-in-class pre-order experiences for e-Commerce. Founded by John Talbott and Madeline Parra in 2019, Purple Dot has now raised a total of $15.8M in total equity funding and is backed by Unusual Ventures, OpenOcean, Moxxie Ventures, AI Seed, and Paul Forster.
Investors in the round: Commerce Ventures, Connect Ventures, Moxxie Ventures, OpenOcean, Paul Forster, Unusual Ventures
Industry: E-Commerce, Retail, Shopping
Founders: John Talbott, Madeline Parra
Founding year: 2019
Total equity funding raised: $15.8M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
10. Sona $27.5M
Round: Series A
Description: Sona is a workforce management platform for frontline enterprises like care homes, restaurants, and hotels. Founded by Ben Dixon, Oli Johnson, and Steffen Wulff Petersen in 2021, Sona has now raised a total of $36.5M in total equity funding and is backed by Antler, Gradient Ventures, Novator, Tom Blomfield, and Speedinvest.
Investors in the round: Antler, Bag Ventures, Felicis, Gradient Ventures, Northzone, Speedinvest
Industry: Apps, Employment, Enterprise Software, Human Resources, Productivity Tools
Founders: Ben Dixon, Oli Johnson, Steffen Wulff Petersen
Founding year: 2021
Total equity funding raised: $36.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
9. Nivoda $30.0M
Round: Series B
Description: Nivoda is the B2B marketplace for diamonds & jewellery – the fastest, easiest and most profitable way to buy and sell diamonds Founded by Andre Woons and David Sutton in 2017, Nivoda has now raised a total of $41.0M in total equity funding and is backed by Entrepreneur First, Abstract Ventures, Avenir Growth Capital, RiverPark Ventures, and Operator Partners.
Investors in the round: Abstract Ventures, Avenir Growth Capital, Canaan Partners, Headline
Industry: Information Technology, Logistics, Marketplace, Precious Metals, Supply Chain Management
Founders: Andre Woons, David Sutton
Founding year: 2017
Total equity funding raised: $41.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
8. LabGenius £35.0M
Round: Series B
Description: LabGenius uses a machine learning-driven evolution engine to develop protein therapeutics. Founded by Harry Rickerby and James Field in 2012, LabGenius has now raised a total of $73.1M in total equity funding and is backed by Octopus Ventures, Inovia Capital, Obvious Ventures, Innovate UK, and Tiny VC.
Investors in the round: Atomico, Kindred Capital, LG Innovation Ventures, Lux Capital, M Ventures, Obvious Ventures, Octopus Ventures, Recode Health Ventures
Industry: Artificial Intelligence (AI), Biotechnology, Machine Learning, Robotics, Therapeutics
Founders: Harry Rickerby, James Field
Founding year: 2012
Total equity funding raised: $73.1M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
7. PolyAI $50.0M
Round: Series C
Description: PolyAI develops a machine learning platform for conversational artificial intelligence. Founded by Nikola Mrksic, Pei-Hao Su, and Tsung-Hsien Wen in 2017, PolyAI has now raised a total of $116.0M in total equity funding and is backed by Twilio, Entrepreneur First, Point72 Ventures, Sands Capital Ventures, and Amadeus Capital Partners.
Investors in the round: Georgian, Hedosophia, Khosla Ventures, NVentures, Passion Capital, Point72 Ventures, Sands Capital Ventures, Zendesk
Industry: Artificial Intelligence (AI), Call Center, Customer Service, Enterprise Software, Machine Learning, Software
Founders: Nikola Mrksic, Pei-Hao Su, Tsung-Hsien Wen
Founding year: 2017
Total equity funding raised: $116.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
6. Colendi $65.0M
Round: Series B
Description: Colendi provides embedded fintech services that democratize banking services for consumers, merchants, and financial institutions. Founded by Bulent Tekmen in 2018, Colendi has now raised a total of $135.5M in total equity funding and is backed by Sepil Ventures, Migros Virtual Market, Citi Ventures, Bogazici Ventures, and Re-Pie Asset Management.
Investors in the round: Citi Ventures, Finberg, Hedef Holding, Migros Virtual Market, Re-Pie Asset Management, Sepil Ventures
Industry: Banking, Finance, Financial Services, FinTech
Founders: Bulent Tekmen
Founding year: 2018
Total equity funding raised: $135.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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. Vitesse £73.1M
Round: Series C
Description: Vitesse is a treasury and payment solutions provider for the insurance industry. Founded by Paul Townsend and Phil McGriskin in 2014, Vitesse has now raised a total of $128.2M in total equity funding and is backed by Octopus Ventures, Kohlberg Kravis Roberts, Hoxton Ventures, Shane Happach, and Hannover Digital Investments.
Investors in the round: Hannover Digital Investments, Kohlberg Kravis Roberts
Industry: Apps, Financial Services, FinTech, InsurTech, Payments
Founders: Paul Townsend, Phil McGriskin
Founding year: 2014
Total equity funding raised: $128.2M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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. CIRCTEC €150.0M
Round: Venture
Description: CIRCTEC is an innovator and operator of pyrolysis technology to recycle waste into renewable fuels and circular chemicals. Founded by Allen Timpany and Robert Harper in 2009, CIRCTEC has now raised a total of €150.0M in total equity funding and is backed by A.P. Moller Holding, Novo Holdings, and Government of the Netherlands.
Investors in the round: A.P. Moller Holding, Novo Holdings
Industry: Manufacturing, Renewable Energy, Sustainability
Founders: Allen Timpany, Robert Harper
Founding year: 2009
Total equity funding raised: €150.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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. Monzo £150.0M
Round: Series I
Description: Monzo is a digital bank that provides a user-friendly mobile app, innovative features, and a transparent approach to banking. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of $1.7B in total equity funding and is backed by Deliveroo, Orange, Stripe, Thrive Capital, and Tencent.
Investors in the round: CapitalG, GIC, Hedosophia
Industry: Banking, Financial Services, FinTech, Wealth Management
Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founding year: 2015
Total equity funding raised: $1.7B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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. Abound £800.0M
Round: Series B
Description: Abound is a consumer lending financial firm that provides personal loans. Founded by Dr Michelle He and Gerald Chappell in 2020, Abound has now raised a total of £1.3B in total equity funding and is backed by Citi, Hambro Perks Ltd., K3 Ventures, Waterfall Asset Management, and GSR Ventures.
Investors in the round: GSR Ventures
Industry: Consumer Lending, Financial Services, Lending, Personal Finance
Founders: Dr Michelle He, Gerald Chappell
Founding year: 2020
Total equity funding raised: £1.3B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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. Wayve $1.1B
Round: Series C
Description: Wayve is a developer of Embodied AI technology for automated driving. Founded by Alex Kendall and Amar Shah in 2017, Wayve has now raised a total of $1.3B in total equity funding and is backed by SoftBank, NVIDIA, Ocado Group, Baillie Gifford, and Tiny VC.
Investors in the round: Microsoft, NVIDIA, SoftBank
Industry: Artificial Intelligence (AI), Autonomous Vehicles, Electric Vehicle, Machine Learning
Founders: Alex Kendall, Amar Shah
Founding year: 2017
Total equity funding raised: $1.3B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech and NYC 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.
