Home » UK tech funding roundup: This week’s deals from Skyports to Lemon

UK tech funding roundup: This week’s deals from Skyports to Lemon

This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more.

UKTN tracked £196.6m worth of tech funding deals this week (15 April to 19 April), a whopping 363.7% week-on-week increase.

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

Skyports – £88m

Sector: Mobility

HQ: London

Round: Series C

Funding type: Equity

Investors: IRIDIUM and Groupe ADP

Founded in 2018, Skyports is a flying taxi infrastructure company that develops drone technologies for a variety of uses, including medical deliveries and asset inspection.

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Pathios Therapeutics – £20m

Sector: Health tech

HQ: Milton, Oxfordshire

Round: Series B

Funding type: Equity

Investors: Bristol Meyers Squibb, Canaan and Brandon Capital

Founded in 2017, Pathios Therapeutics is a biotech firm developing therapies to treat cancer.

Wagestream – £17.5m

Sector: Fintech

HQ: London

Round: Series C extension

Funding type: Equity

Investors: British Patient Capital, Lombard Odier Investment Managers and Northzone

Founded in 2018, Wagestream is a platform for shift workers to access earnings from completed work before designated paydays.

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Orbex – £16.7m

Sector: Space tech

HQ: Forres

Round: Series D (round not closed)

Funding type:

Investors: Octopus Ventures

Founded in 2015, Orbex is a manufacturer of space rockets powered by renewable biofuel. The company is currently preparing for the launch of its satellite transportation rocket.

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FYLD – £12m

Sector: Insurtech

HQ: London

Round: –

Funding type: –

Investors: Ontario Teachers’ Pension Plan

Founded in 2020, FYLD is a digital platform that automatically transforms video and audio footage into real-time workflows, video risk assessments and analytics dashboards for the energy, highway and wastewater spaces.

Lawhive – £9.5m

Sector: Legal tech/AI

HQ: London

Round: Seed

Funding type: Equity

Investors: Google Ventures and Episode 1 Ventures

Founded in 2021, Lawhive is an AI platform to automate the tedious, time-consuming administrative tasks of lawyers.

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Phlo – £9m

Sector: Health tech

HQ: Glasgow

Round: Growth investment round

Funding type: Equity

Investors: Par Equity, Thairm Bio and Scottish Enterprise

Founded in 2020, Phlo provides business-to-business digital pharmacy services and direct-to-door medication delivery.

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Qureight – £6.8m

Sector: Health tech

HQ: Cambridge

Round: Series A

Funding type: Equity

Investors: Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Playfair Capital, Meltwind, Ascension Life Fund and Cambridge Angels

Founded in 2018, Qureight is an AI-powered platform that, through NHS partnerships, can collate medical data in real-time and structure it for analysis. The structured data can also be used to create virtual trial patients.

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Unwritten – £2.8m

Sector: Fintech

HQ: London

Round: Seed

Funding type: Equity

Investors: Connect Ventures, Planet A Ventures and angels

Founded in 2022, Unwritten is a platform providing investors and asset managers with insights on the climate risks and opportunities of ventures.

FilmChain – £2.4m

Sector: Fintech

HQ: London

Round: Seed

Funding type: Equity

Investors: Holt IntersXion fund, Roca X, DeBa Ventures, TechAngels Romania, and HearstLab

Founded in 2018, FilmChain is a digital Collection Account Management (CAM) service for the film and television industry. FilmChain collects, allocates and analyses revenue within the entertainment industry.

Huzzle – £1.4m

Sector: Professional social media

HQ: London

Round: Pre-seed

Funding type: Equity

Investors: 10x Founders and angels

Founded in 2021, Huzzle aims to position itself as the LinkedIn for Gen Z. The platform can be used by individuals or organisations to network and promote events.

HealthKey – £1.1m

Sector: Health tech

HQ: London

Round: Seed

Funding type: Equity

Investors: Aviva Ventures, Ascension, Oxford Capital, and Cur8 Capital

Founded in 2022, HealthKey is a digital platform for users to manage healthcare treatments and services accessible through insurance and employee benefits.

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Tangent – £883,00 ($1.1m)

Sector: Professional social media

HQ: London

Round: Pre-seed

Funding type: Equity

Investors: Zinc VC, Google Black Founders Fund, the Syndicate Room and angels

Founded in 2022, Tangent is a platform that connects jobseekers from low socioeconomic backgrounds with people in tech offering mentorship and referrals.

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Lemon – £500,000

Sector: Fintech

HQ: Manchester

Round: Pre-seed

Funding type: Equity

Investors: Pitchdrive and SFC Capital

Founded in 2023, Lemon is a platform for small and medium-sized enterprises to track and manage their various software subscriptions.

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