With so much going on in the thriving London Tech ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in London Tech News for the week ending 29/6 featuring news for Deskpro, Climate X, and much, much more.
Stability AI – $80M
Stability AI, a generative AI platform focused on image creation, has raised $80M in Venture funding from investors that include Lightspeed Venture Partners, Coatue, and Eric Schmidt. Founded by Emad Mostaque in 2019, Stability AI has now raised a total of $256M in reported equity funding.
Deskpro – $25M
Deskpro, an enterprise help desk platform, has raised $25M in Series A funding led by Elsewhere Partners. Deskpro was founded by Chris Padfield in 2002.
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Yoto – $23M
Yoto, a screen-free audio platform for children, has raised $23M in Venture funding led by Chan Zuckerberg Initiative. Founded by Ben Drury and Filip Denker in 2016, Yoto has now raised a total of $43.5M in reported equity funding.
Climate X – $18M
Climate X, a data analytics platform for climate risk, has raised $18M in Series A funding led by Google Ventures. Founded by Kamil Kluza and Lukky Ahmed in 2020, Climate X has now raised a total of £19.2M in reported equity funding.
LoopFX – £2.6M
LoopFX, a dark pool platform for large spot FX trading, has raised £2.6M in Venture funding led by Augmentum Fintech. LoopFX was founded by Blair Hawthorne, Timothy Johnson, and John Vause in 2020.
