This Week in UK Tech Funding
This week, the UK tech scene saw some notable investment moves, including funding for Ultromics, a company focused on AI in cardiology, and Due, a startup specializing in cross-border payments.
In total, there was £96.8 million raised in the UK tech sector between July 28 and August 1, representing a 46% decrease from the previous week across nine funding rounds. Here’s a look at some of the key funding deals making waves this week.
Ultromics – £41.4 Million
Sector: Health Tech
Location: Oxford
Round: Series C
Investors: L&G, Allegis Capital, Lightrock, University of Chicago Medicine, and UPMC Enterprises
Founded in 2017, Ultromics is innovating in the field of AI diagnostics specifically for cardiology.
Unmind – £26.6 Million
Sector: Health Tech
Location: London
Round: Series C
Investors: TELUS Global Ventures, Project A, Felix Capital, and Sapphire Ventures
Since its establishment in 2016, Unmind has been dedicated to enhancing workplace mental health through its wellbeing platform.
Sava – £14.4 Million
Sector: Health Tech
Location: London
Round: Series A
Sava, another health tech player, has also made headlines with its recent funding success.
This week’s funding illustrates the continued interest and investment in health technology in the UK, showcasing innovative solutions aimed at improving well-being and healthcare outcomes. Stay tuned for more updates on the tech funding landscape!
