The UK tech scene saw a surge in funding this week, with a total of £147.7M raised between December 2nd and December 6th across five notable rounds. This marks a quadrupling of funds raised compared to the previous week. Here’s a closer look at the deals making headlines:
Zopa – £68M
- Sector: Fintech
- HQ: London
- Investors: A.P. Moller (Danske Bank investor) and existing shareholders
- Overview:
Digital bank Zopa, with a customer base exceeding one million, secured £68M in funding. The company plans to expand its offerings to include current accounts by 2025, strengthening its position in the fintech sector.
Lawhive – Amount Undisclosed
- Sector: Legal Tech
- HQ: London
- Overview:
Lawhive, a legal AI tool designed to make legal services more accessible, closed a funding round this week. The platform leverages artificial intelligence to streamline legal processes for individuals and businesses alike.
Argo Blockchain – Amount Undisclosed
- Sector: Crypto
- HQ: London
- Overview:
Crypto mining company Argo Blockchain also featured in this week’s funding activity. Known for its commitment to sustainable mining practices, the firm continues to attract attention from investors despite challenges in the crypto sector.
Other Notable Rounds
The remaining deals contributed to the total £147.7M raised, highlighting a strong week for UK tech investments. While specifics on some rounds remain under wraps, the activity underscores growing confidence in the UK’s tech ecosystem across diverse industries.
Funding Trends
This week’s surge in funding demonstrates the resilience and attractiveness of UK tech startups, particularly in London. Sectors such as fintech, legal tech, and crypto remain key areas of interest for investors, with companies like Zopa and Lawhive leading the charge.
Stay tuned for next week’s roundup as the UK tech landscape continues to evolve.
