Home » UK tech funding roundup: This week’s deals from Mimo to Avenir

UK tech funding roundup: This week’s deals from Mimo to Avenir

This week’s UK tech funding deals include SME financial management platform Mimo, a navigation app for the visually impaired called Waymap, digital carer platform Log my Care and more.

UKTN tracked £42.4m worth of tech funding deals this week (08 April to 12 April), an 18% week-on-week decline.

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

Mimo – £15.5m

Sector: Fintech

HQ: London

Round: Seed

Funding type: Equity/debt

Investors: Northzone, Cocoa Ventures, Seedcamp, Upfin VC and angels from Stripe, GoCardless, Wayflyer and Anyfin

Founded in 2023, Mimo is a financial management platform for SMEs. The company bundles many financial tools together to combat overly complex and fragmented processes.

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Pactio – £11m

Sector: Fintech

HQ: London

Round: Series A

Funding type: Equity

Investors: EQT Ventures

Founded in 2021, Pactio has developed a platform for private capital investors that provides deal tracking and risk management tools.

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Waymap – £7m

Sector: Mobility

HQ: London

Round: Seed

Funding type: Equity/debt

Investors: TELUS’ Pollinator Fund, Venrex and Comprador Holdings

Founded in 2017, Waymap is a navigation app targeting people with additional accessibility requirements, with a focus on the visually impaired.

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Log my Care – £3m

Sector: Health tech

HQ: London

Round: Series A extension

Funding type: Equity

Investors: Mercia Ventures

Founded in 2017, Log my Care is a platform used by carers to record patient notes, access medical records and receive reminders through mobile notifications.

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Veremark – £2.4m

Sector: HR tech

HQ: London

Round: Pre-Series B

Funding type: Equity

Investors: Samaipata, Stage 2 Capital, ACF Investors and Vulpes Investment

Founded in 2019, Veremark performs background checks for companies on prospective hires, looking at qualifications and legal compliance.

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Neurovalens – £2.1m

Sector: Health tech

HQ: Belfast

Round: Late VC

Funding type: Equity/debt

Investors: MedTech Innovator, Invest Northern Ireland, Techstart Ventures, Angel Co Fund, Beltrae Partners, Clarendon Fund Management, British Business Bank, IQ Capital and Wharton Asset Management

Founded in 2013, Neurovalens has developed a wearable anxiety treatment. The Modius Stress headband uses mild electrical stimulation to ease stress.

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Clyde Hydrogen – £1m

Sector: Energy

HQ: Glasgow

Round: Pre-seed

Funding type: Grant/equity

Investors: Zinc, the University of Glasgow and angel investors

Founded in 2022, Clyde Hydrogen has developed a new approach to electrolysis that it claims can produce hydrogen energy more efficiently.

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Avenir – £399,000

Sector: Fintech

HQ: London

Round: Pre-seed

Funding type: Equity

Investors: SFC Capital, Techstars and angel investors

Founded in 2023, Avenir is a wealth management software that provides regulatory compliance reports and scores businesses based on sustainability.