The latest venture capital, seed, pre-seed, and angel deals for London startups for the week ending 15/2 featuring funding details for Validus Risk Management ($45M), Model ML ($12M), Plain ($15M), and much more. 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.
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Validus Risk Management – $45M Growth Round
FINTECH
Validus Risk Management, a financial risk management platform, has raised $45M in growth funding led by FTV Capital. Founded by Kevin Lester and Francois Scheepers in 2010, Validus Risk Management has now raised a total of $65M in reported equity funding.
Plain – $15M Series A
B2B SOFTWARE
Plain, a support platform for B2B companies, has raised $15M in Series A funding from investors that include Index Ventures, Battery Ventures, and Connect Ventures. Founded by Simon Rohrbach and Matt Vagni in 2020, Plain has now raised a total of $21M in reported equity funding.
Model ML – $12M Venture Round
ARTIFICIAL INTELLIGENCE
Model ML, an AI platform for the financial services industry to automate workflows, has raised $12M in Venture funding led by Y Combinator and LocalGlobe. Founded by Arnie Englander and Chaz Englander in 2023, Model ML has now raised a total of $12.5M in reported equity funding.
Blackdot Solutions – £4.5M Venture Round
DATA ANALYTICS
Blackdot Solutions, a SaaS platform to gather, analyse, and visualise data from public and proprietary sources, has raised £4.5M in Venture funding led by Maven Capital Partners. Blackdot Solutions was founded by Shaun O’Mahony in 2013.
HowNow – £3.5M Series A
EDTECH
HowNow, a skills and learning platform for businesses, has raised £3.5M in Series A funding from investors that include Fuel Ventures, Mercia Ventures, and Pearson. Founded by Kuvera Sivalingam and Nelson Sivalingam in 2016, HowNow has now raised a total of $13.7M in reported equity funding.
XARlabs – $2.3M Seed Round
HEALTHTECH
XARlabs, a provider of mixed reality surgical tech, has raised $2.3M in Seed funding from investors that include Eka Ventures, Eric Johnson, and Jacqui Rock. XARlabs was founded by Ali Haddad in 2024.
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