Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during the month of June. 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.
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
10. Hokodo $40.0M
Round: Series B
Description: Hokodo is a provider of buy now, pay later solutions for e-commerce and B2B merchants. Founded by Louis Carbonnier, Richard Thornton, and Sami Ben Hatit in 2018, Hokodo has now raised a total of $54.7M in total equity funding and is backed by Anthemis Group, Notion Capital, Alma Mundi Ventures, Mosaic, and Taavet Hinrikus.
Investors in the round: Alma Mundi Ventures, Anthemis Group, Korelya Capital, Mosaic, Notion Capital, Opera Tech Ventures
Industry: B2B, E-Commerce, Financial Services, FinTech, Payments
Founders: Louis Carbonnier, Richard Thornton, Sami Ben Hatit
Founding year: 2018
Total equity funding raised: $54.7M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
10. PlayerMaker $40.0M
Round: Venture
Description: PlayerMaker is a football tech startup that provides coaching enhancement solutions for football academies. Founded by Guy Aharon, Moran Gad, Stephen Jenkinson, and Yuval Odem in 2016, PlayerMaker has now raised a total of $50.0M in total equity funding and is backed by Arsene Wenger, Pegasus Tech Ventures, Ventura Capital, MIG Capital, and FengHe Group.
Investors in the round: MIG Capital, Pegasus Tech Ventures, Ventura Capital
Industry: Information Technology, Soccer, Sports
Founders: Guy Aharon, Moran Gad, Stephen Jenkinson, Yuval Odem
Founding year: 2016
Total equity funding raised: $50.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
10. Peptone $40.0M
Round: Series A
Description: Peptone is a startup that is helping pharmaceutical companies unravel the secrets of proteins. Founded by Kamil Tamiola and Matt Heberling in 2016, Peptone has now raised a total of $42.4M in total equity funding and is backed by Bessemer Venture Partners, F-Prime Capital, Hoxton Ventures, Founders Factory, and dRx Capital.
Investors in the round: Bessemer Venture Partners, dRx Capital, F-Prime Capital, Hoxton Ventures, Walden Catalyst
Industry: Artificial Intelligence, Biotechnology, Pharmaceutical, Quantum Computing
Founders: Kamil Tamiola, Matt Heberling
Founding year: 2016
Total equity funding raised: $42.4M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
10. Snowplow Analytics $40.0M
Round: Series B
Description: Snowplow Analytics is a software startup that creates behavioral data platforms for artificial intelligence and business intelligence. Founded by Alexander Dean and Yali Sassoon in 2012, Snowplow Analytics has now raised a total of $55.2M in total equity funding and is backed by New Enterprise Associates, Atlantic Bridge, and MMC Ventures.
Investors in the round: Atlantic Bridge, MMC Ventures, New Enterprise Associates
Industry: Analytics, Artificial Intelligence, Business Intelligence, Data Integration, Software
Founders: Alexander Dean, Yali Sassoon
Founding year: 2012
Total equity funding raised: $55.2M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
9. Instanda $45.0M
Round: Series B
Description: Instanda is a provider of a no-code core insurance platform that allows insurance companies to build, configure, and launch products online. Founded by Derek Hill and Tim Hardcastle in 2012, Instanda has now raised a total of $73.1M in total equity funding and is backed by Dale Ventures, Toscafund Asset Management, Plug and Play Insurtech, Assembly Capital Partners, and Microsoft Accelerator London.
Investors in the round: Dale Ventures, Toscafund Asset Management
Industry: Information Technology, Insurance, InsurTech, SaaS
Founders: Derek Hill, Tim Hardcastle
Founding year: 2012
Total equity funding raised: $73.1M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
9. CloudNC $45.0M
Round: Series B
Description: CloudNC develops advanced software that enables factories to autonomously manufacture precision parts. Founded by Chris Emery and Theo Saville in 2015, CloudNC has now raised a total of $75.8M in total equity funding and is backed by Entrepreneur First, Atomico, Autodesk, Acequia Capital (AceCap), and Innovate UK.
Investors in the round: Atomico, Autodesk, British Patient Capital, Episode 1, Lockheed Martin Ventures
Industry: Computer, Industrial, Manufacturing, Mechanical Engineering, Software
Founders: Chris Emery, Theo Saville
Founding year: 2015
Total equity funding raised: $75.8M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
8. Protium Green Solutions £40.5M
Round: Venture
Description: Protium Green Solutions is a green hydrogen and fuel cell project developer. Founded by Chris Jackson in 2019, Protium Green Solutions has now raised a total of $50.7M in total equity funding and is backed by Swen Capital Partners, Elderstreet Investments, Falkor, and Barclays Sustainable and Impact Banking.
Investors in the round: Barclays Sustainable and Impact Banking, Swen Capital Partners
Industry: Environmental Engineering, Renewable Energy
Founders: Chris Jackson
Founding year: 2019
Total equity funding raised: $50.7M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
7. Playter $55.0M
Round: Venture
Description: Playter is funding the community of startups and scaleups by helping them convert any invoice into Buy Now, Pay Later. Founded by Jamie Beaumont and Theodor Chichirita in 2018, Playter has now raised a total of $58.4M in total equity funding and is backed by Act Venture Capital, Fin Venture Capital, Fasanara Capital, RLC Ventures, and Adit Ventures.
Investors in the round: 1818 Venture Capital, Act Venture Capital, Adit Ventures, Fasanara Capital, Fin Venture Capital
Industry: FinTech, Lending
Founders: Jamie Beaumont, Theodor Chichirita
Founding year: 2018
Total equity funding raised: $58.4M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
6. Allica Bank £55.0M
Round: Series C
Description: Allica Bank is a fintech company that delivers digital banking services for small and medium-sized businesses. Founded by Jason Scott in 2017, Allica Bank has now raised a total of £183.5M in total equity funding and is backed by Atalaya Capital, Warwick Capital LLP, and British Business Investments.
Investors in the round: Atalaya Capital, British Business Investments, Warwick Capital LLP
Industry: Banking, Finance, Financial Services, FinTech
Founders: Jason Scott
Founding year: 2017
Total equity funding raised: £183.5M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
5. Bud $80.0M
Round: Series B
Description: Bud develops an open banking platform that enables users to access data from any financial product. Founded by Edward Maslaveckas and George Dunning in 2015, Bud has now raised a total of $102.0M in total equity funding and is backed by Investec, HSBC, Goldman Sachs, 9Yards Capital, and TDR Capital.
Investors in the round: TDR Capital
Industry: Banking, Data Integration, Financial Services, FinTech
Founders: Edward Maslaveckas, George Dunning
Founding year: 2015
Total equity funding raised: $102.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
5. Proximie $80.0M
Round: Series C
Description: Proximie is a health technology platform that enables surgeons to virtually attend operating theaters to visually guide complex surgeries. Founded by Nadine Haram in 2016, Proximie has now raised a total of $118.0M in total equity funding and is backed by SoftBank Vision Fund, F-Prime Capital, Emerson Collective, Draper Associates, and Mubadala.
Investors in the round: Advent Life Sciences, British Patient Capital, Eight Roads Ventures, Emerson Collective, F-Prime Capital, Global Ventures, Maverick Ventures, Minderoo Foundation, Mubadala, Questa Capital Management, SoftBank Vision Fund
Industry: Augmented Reality, Collaboration, Health Care, Medical
Founders: Nadine Haram
Founding year: 2016
Total equity funding raised: $118.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
4. Cleo $80.0M
Round: Series C
Description: Cleo is a financial assistant designed for Gen-Z that is fighting for the world’s financial health. Founded by Barnaby Hussey-Yeo in 2016, Cleo has now raised a total of $137.3M in total equity funding and is backed by Entrepreneur First, Sofina, EQT Ventures, TriplePoint Capital, and LocalGlobe.
Investors in the round: Balderton Capital, EQT Ventures, Sofina
Industry: Artificial Intelligence, Finance, Financial Services, FinTech
Founders: Barnaby Hussey-Yeo
Founding year: 2016
Total equity funding raised: $137.3M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
3. Codat $100.0M
Round: Series C
Description: Codat is the universal API for small business data. Founded by Alex Cardona, David Hoare, and Peter Lord in 2017, Codat has now raised a total of $156.1M in total equity funding and is backed by Shopify, Plaid, Tiger Global Management, PayPal Ventures, and Acequia Capital (AceCap).
Investors in the round: Canapi Ventures, Index Ventures, JPMorgan Partners (JPMP), PayPal Ventures, Plaid, Shopify
Industry: Developer APIs, Financial Services, FinTech, Software
Founders: Alex Cardona, David Hoare, Peter Lord
Founding year: 2017
Total equity funding raised: $156.1M
London TechWatch exclusive coverage of this round: Codat Raises $100M to Empower Financial Institutions and Fintech Innovators to Deliver Better Capabilities and Customer Experience by Integrating Small Business Data Seamlessly
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
2. Multiverse $220.0M
Round: Series D
Description: Multiverse is a tech startup that matches talent who have not graduated from college with apprenticeship opportunities. Founded by Euan Blair and Sophie Adelman in 2016, Multiverse has now raised a total of $414.0M in total equity funding and is backed by General Catalyst, GV, Village Global, Haystack, and StepStone Group.
Investors in the round: Audacious Ventures, Bond, D1 Capital Partners, Founders Circle Capital, General Catalyst, GV, Haystack, Index Ventures, Lightspeed Venture Partners, StepStone Group
Industry: Career Planning, Corporate Training, EdTech, Training
Founders: Euan Blair, Sophie Adelman
Founding year: 2016
Total equity funding raised: $414.0M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
*** Learn more and apply before 7/8 at 43North.org/program ***
1. SumUp €590.0M
Round: Venture
Description: SumUp is a financial technology company that enables businesses to accept card payments at the Point-of-Sale or on the go. Founded by Jan Deepen, Marc-Alexander Christ, Petter Made, and Stefan Jeschonnek in 2011, SumUp has now raised a total of $684.9M in total equity funding and is backed by Groupon, Temasek Holdings, BlackRock, Goldman Sachs, and btov Partners.
Investors in the round: Bain Capital Tech Opportunities, BlackRock, btov Partners, Centerbridge Partners LP, Crestline, FIN Capital, Sentinel Capital Partners
Industry: Credit Cards, Financial Services, FinTech, Mobile Payments, Point of Sale
Founders: Jan Deepen, Marc-Alexander Christ, Petter Made, Stefan Jeschonnek
Founding year: 2011
Total equity funding raised: $684.9M
Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward.
