Armed with the latest data from CrunchBase, I’ve analyzed the largest London startup funding rounds for February. To provide a comprehensive view of the venture capital landscape in London, I’ve included key details such as industry sectors, founding years, company descriptions, founding teams, and total funding raised. This analysis focuses exclusively on equity funding rounds.
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6. Proxymity $26.0M
Round: Venture
Description: Proxymity is an investor communications platform that facilitates real-time connections between issuers, intermediaries, and investors. Founded by Dean Little and Jonathan Smalley in 2020, Proxymity has now raised a total of $98.5M in total equity funding and is backed by HSBC, Citi, Deutsche Bank, BNP Paribas, and State Street Corporation.
Investors in the round: BNP Paribas, BNY, Citi, Clearstream, Computershare, JP Morgan, State Street Corporation
Industry: Finance, Financial Services, Information Services
Founders: Dean Little, Jonathan Smalley
Founding year: 2020
Total equity funding raised: $98.5M
5. Relay $35.0M
Round: Series A
Description: Relay is a technology-enabled delivery network that provides an AI-powered network to enhance end-to-end delivery for merchants. Founded by Jonathan Jenssen and Nicole Mazza in 2022, Relay has now raised a total of $45.0M in total equity funding and is backed by Plural Platform, Project A Ventures, and Prologis Ventures.
Investors in the round: Plural Platform, Project A Ventures, Prologis Ventures
Industry: Artificial Intelligence (AI), E-Commerce, Logistics, Retail, Retail Technology
Founders: Jonathan Jenssen, Nicole Mazza
Founding year: 2022
Total equity funding raised: $45.0M
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4. Latent Labs $40.0M
Round: Series A
Description: Latent Labs makes biology programmable to transform health and sustainability for the benefit of all. Founded by Simon Kohl in 2023, Latent Labs has now raised a total of $50.0M in total equity funding and is backed by 8VC, Pillar VC, Kindred Capital, Radical Ventures, and Sofinnova Partners.
Investors in the round: 8VC, Aidan Gomez, Flying Fish Partners, Isomer Capital, Jeff Dean, Kindred Capital, Mati Staniszewski, Pillar VC, Radical Ventures, Sofinnova Partners
Industry: Artificial Intelligence (AI), Biotechnology, Generative AI, Life Science, Pharmaceutical
Founders: Simon Kohl
Founding year: 2023
Total equity funding raised: $50.0M
3. AppliedAI $55.0M
Round: Series A
Description: AppliedAI builds products to automate human processes within insurance, pharmaceutical, healthcare and government. Founded by Arya Bolurfrushan in 2021, AppliedAI has now raised a total of $97.0M in total equity funding and is backed by Bessemer Venture Partners, Plug and Play, Palantir Technologies, G42, and McKinsey & Company.
Investors in the round: Accrete Capital, Bessemer Venture Partners, G42, McKinsey & Company, Palantir Technologies
Industry: Artificial Intelligence (AI), Insurance, Software
Founders: Arya Bolurfrushan
Founding year: 2021
Total equity funding raised: $97.0M
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2. Shop Circle $60.0M
Round: Series B
Description: Shop Circle is a technology company that acquires and grows e-commerce software. Founded by Gian Maria Gramondi and Luca Cartechini in 2021, Shop Circle has now raised a total of $245.0M in total equity funding and is backed by QED Investors, CDP Venture Capital, Endeavor Catalyst, 645 Ventures, and Primo Capital.
Investors in the round: 3VC, 645 Ventures, CDP Venture Capital, Endeavor Catalyst, GS Futures, i80 | Group, Nextalia, NFX, Primo Capital, QED Investors, The Techshop
Industry: E-Commerce, Enterprise Software, Software
Founders: Gian Maria Gramondi, Luca Cartechini
Founding year: 2021
Total equity funding raised: $245.0M
1. AgDevCo $85.0M
Round: Venture
Description: AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises. Founded by Keith Palmer in 2009, AgDevCo has now raised a total of $205.0M in total equity funding and is backed by U.S. International Development Finance Corp, Norfund, British International Investment, Foreign, Commonwealth & Development Office, and Swedfund International.
Investors in the round: British International Investment, Norfund, Swedfund International
Industry: Agriculture, Business Development, Finance
Founders: Keith Palmer
Founding year: 2009
Total equity funding raised: $205.0M
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