Home » UK tech funding roundup: This week’s deals from CIRCTEC to Polybox

UK tech funding roundup: This week’s deals from CIRCTEC to Polybox

This week’s UK tech funding deals include insurance payments provider Vitesse, machine learning-powered drug discovery platform LabGenius, Maritime navigation software firm Orca AI and more.

UKTN tracked £374.5m worth of UK tech investment this week (20 May to 24 May), a 275% week-on-week increase across 14 funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

CIRCTEC – £127.8m

Sector: Climate tech

HQ: London

Round: N/A

Funding type: Equity/grant/debt

Investors: Novo Holdings, AP Moller Holding and the Dutch government

Founded in 2009, CIRCTEC has developed a process of decomposing waste tyres and converting them into usable materials through pyrolysis.

Vitesse – £73m

Sector: Insurtech

HQ: London

Round: Series C

Funding type: Equity

Investors: KKR, Hannover Digital Investments

Founded in 2014, Vitesse is an integrated treasury and payment service provider for the insurance industry that is used to manage payouts to insurance claimants….