Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during March. I have included some additional information such as industry, founding year, brief funding description, founders, and total funding raised, to further the analysis of the state of venture capital in London. For 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, NYC Tech, LA 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. FYLD £11.9M
Round: Series A
Description: FYLD enhances productivity and safety on-site by providing real-time remote visibility and data analytics capabilities. Founded by Anish Patel, Karl Simons, and Shelley Copsey in 2020, FYLD has now raised a total of £26.3M in total equity funding and is backed by The Boston Consulting Group, Ontario Teachers’ Pension Plan, Koru, and SGN.
Investors in the round: Ontario Teachers’ Pension Plan
Industry: Artificial Intelligence (AI), Civil Engineering, Infrastructure, Productivity Tools, Public Safety, Real Time, Software
Founders: Anish Patel, Karl Simons, Shelley Copsey
Founding year: 2020
Total equity funding raised: £26.3M
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) 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. Kaedim $15.0M
Round: Series A
Description: Kaedim uses AI to turn 2D images into 3D models. Founded by Konstantina Psoma and Roman Bromidge in 2020, Kaedim has now raised a total of $15.2M in total equity funding and is backed by Scott Gelb, Andreessen Horowitz, Siqi Chen, Tom Blomfield, and Pioneer Fund.
Investors in the round: Andreessen Horowitz, Chris Kingsley, Eden Chen, Jane Walerud, Matt Robinson, Nate Mitchell, Patrick Pichette, Pioneer Fund, Scott Gelb, Siqi Chen, Sterling Snow, Tom Blomfield
Industry: 3D Technology, Artificial Intelligence (AI), Video Games
Founders: Konstantina Psoma, Roman Bromidge
Founding year: 2020
Total equity funding raised: $15.2M
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) 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. Konexa $18.0M
Round: Venture
Description: Konexa is an energy company that engages in the development and long-term management of integrated utility projects and renewable assets. Founded by Pradeep Pursnani in 2019, Konexa has now raised a total of $18.0M in total equity funding and is backed by Microsoft Climate Innovation Fund and Climate Fund Managers.
Investors in the round: Climate Fund Managers, Microsoft Climate Innovation Fund
Industry: Energy, Energy Management, Renewable Energy
Founders: Pradeep Pursnani
Founding year: 2019
Total equity funding raised: $18.0M
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) 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. Baanx Group $20.0M
Round: Series A
Description: Baanx Group is a BaaS (Banking as a Service) platform that’s white label, mobile digital asset friendly: wallets, cards, payment gateways, IBANs, for communities. Founded by Garth Howat, Mark Evans, and Sean Salloux in 2018, Baanx Group has now raised a total of $22.7M in total equity funding and is backed by Tezos, Blockchain Founders Fund, Ledger, BnkToTheFuture, and British Business Bank.
Investors in the round: British Business Bank, Chiron, Ledger, Tezos
Industry: Banking, FinTech, Internet, Mobile, Mobile Payments, Payments
Founders: Garth Howat, Mark Evans, Sean Salloux
Founding year: 2018
Total equity funding raised: $22.7M
https://www.londontechwatch.com/wp-content/uploads/2024/04/baanx-group.jpg
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) 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. Griffin £19.0M
Round: Series A
Description: Griffin is a banking-as-a-service provider that helps companies build and launch financial services products. Founded by Allen Rohner and David Jarvis in 2017, Griffin has now raised a total of £52.1M in total equity funding and is backed by Google for Startups, Seedcamp, Notion Capital, MassMutual Ventures, and Breega.
Investors in the round: Breega, CircleRock Capital, EQT Ventures, MassMutual Ventures, NordicNinja VC, Notion Capital
Industry: Banking, Finance, Financial Services, FinTech, IaaS, Internet, SaaS
Founders: Allen Rohner, David Jarvis
Founding year: 2017
Total equity funding raised: £52.1M
https://www.londontechwatch.com/wp-content/uploads/2024/04/griffin.jpg
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) 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. Mission Zero £21.8M
Round: Series A
Description: Mission Zero is an Electrochemical that removes carbon dioxide from the air and concentrates it for a variety of sequestration pathways. Founded by Nicholas Chadwick and Shiladitya Ghosh in 2020, Mission Zero has now raised a total of $32.8M in total equity funding and is backed by Stripe, World Fund, Breakthrough Energy Ventures, Anglo American, and 2150.
Investors in the round: 2150, Breakthrough Energy Ventures, Fortescue Future Industries, Siemens Financial Services, World Fund
Industry: CleanTech, Environmental Engineering, Sustainability
Founders: Nicholas Chadwick, Shiladitya Ghosh
Founding year: 2020
Total equity funding raised: $32.8M
https://www.londontechwatch.com/wp-content/uploads/2024/04/mission-zero.jpg
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) 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. Relation Therapeutics $35.0M
Round: Seed
Description: Relation Therapeutics is a biotechnology company that focuses on humanizing drug discovery and development. Founded by Benjamin Swerner, Charles Roberts, and Jake Taylor-King in 2019, Relation Therapeutics has now raised a total of $69.0M in total equity funding and is backed by DCVC, Khosla Ventures, Deerfield Management, NVentures, and ARK Investment Management.
Investors in the round: ARK Investment Management, DCVC, Deerfield Management, Jonathan Milner, Khosla Ventures, Magnetic Ventures, NVentures
Industry: Biotechnology, Genetics, Health Care, Medical
Founders: Benjamin Swerner, Charles Roberts, Jake Taylor-King
Founding year: 2019
Total equity funding raised: $69.0M
https://www.londontechwatch.com/wp-content/uploads/2024/04/relation-therapeutics.jpg
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) 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. Global Screening Services £37.0M
Round: Series A
Description: Global Screening Services is a financial platform that enhances and exchanges information & offers sanctions transaction screening services. Founded by Tom Scampion in 2021, Global Screening Services has now raised a total of £74.0M in total equity funding and is backed by Commonwealth Bank of Australia, MUFG Bank, Alix Partners, The Cynosure Group, and Mitsubishi UFJ Financial Group.
Investors in the round: Alix Partners, Commonwealth Bank of Australia, Mitsubishi UFJ Financial Group, The Cynosure Group
Industry: Compliance, FinTech, Security
Founders: Tom Scampion
Founding year: 2021
Total equity funding raised: £74.0M
https://www.londontechwatch.com/wp-content/uploads/2024/04/global-screening-services.jpg
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) 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. Mews €101.4M
Round: Series D
Description: Mews is a cloud-based hotel property management system that helps simplify hotel operations so properties can focus on their guests. Founded by Richard Valtr in 2012, Mews has now raised a total of $342.3M in total equity funding and is backed by Goldman Sachs, Notion Capital, Kinnevik, Salesforce Ventures, and Thayer Ventures.
Investors in the round: Goldman Sachs, Kinnevik, LGVP, Notion Capital, Revaia
Industry: Enterprise Software, Hospitality, Hotel, Property Management, Travel
Founders: Richard Valtr
Founding year: 2012
Total equity funding raised: $342.3M
https://www.londontechwatch.com/wp-content/uploads/2024/04/mews.jpg
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) 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. Monzo $430.0M
Round: Venture
Description: Monzo is a digital-only bank platform and marketplace that allows customers to access a range of products and services. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of $1.5B in total equity funding and is backed by Deliveroo, Orange, Tencent, Stripe, and General Catalyst.
Investors in the round: Abu Dhabi Growth Fund, Accel, CapitalG, Coatue, Google Ventures, Hongshan Fund, Passion Capital, Tencent
Industry: Banking, Financial Services, FinTech
Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founding year: 2015
Total equity funding raised: $1.5B
https://www.londontechwatch.com/wp-content/uploads/2024/04/monzo.jpg
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) 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.
