Capital raising services in the UK

The UK VC market deployed over £17 billion into domestic startups between 2021 and 2023, making it by far the most active fundraising environment in Europe.

Challenger banks such as Revolut and Monzo, AI-driven fintechs like Cleo, and insurtech pioneer Marshmallow have all raised landmark UK growth rounds - demonstrating the depth of investor appetite across the consumer and B2B tech spectrum.

Our capital raising practice in the UK advises mid- to late-stage startups on securing growth capital on the best possible terms. We bring an extensive VC investor network, manage pitch deck building and operating model construction, and run the end-to-end process - from investor targeting through to term sheet negotiation - so founders stay focused on the business while we manage the raise.

888

VC rounds raised in the last 12 months in the UK

$28M

Median VC valuation (across all stages) in the UK

6.7x

Median VC revenue multiple (across all stages) in the UK

$2.1B

Largest VC round raised in the UK in the last 12 months

Raising venture capital in the UK

The UK has one of the most mature VC ecosystems outside the US. Standard docs, light early-stage diligence and the SEIS/EIS regime mean rounds tend to close faster and on more founder-friendly terms than equivalent rounds in the US.

BVCA model documents

BVCA model documents (Subscription and Shareholders' Agreement plus Articles) are the industry standard for UK Series A and later rounds. SeedLegals templates are the most common pre-seed and seed standard, simpler and cheaper to negotiate.

Pre-priced rounds via ASAs

Advance Subscription Agreements are the UK equivalent of US SAFEs and the default instrument for pre-priced bridge rounds. Critically, ASAs are also the only convertible structure that preserves SEIS/EIS eligibility - a major reason convertibles are less common at UK seed than in the US.

Round structure norms

Priced equity rounds dominate from seed onwards. Typical preference structure is 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Pay-to-play, full ratchet and multiple preference structures are rare and tend to signal a distressed round.

SEIS and EIS shape seed economics

Most UK seed VCs structure rounds to be EIS-compatible - separate share class, advance assurance from HMRC before close and trading-company qualification. SEIS adds further constraints (company under 3 years old, gross assets under £350k pre-investment). The structuring is light but worth getting right early.

Regulatory checkpoints

The National Security and Investment Act 2021 requires pre-completion notification for deals involving 17 sensitive sectors regardless of deal size - relevant for AI, advanced materials, defence and dual-use targets. FCA approval is required where the target is a regulated entity (fintech, lending, payments).

Diligence and closing mechanics

Financial diligence at seed is typically founder Excel plus a bank statement; legal/IP/data DD scales from Series A. Closings are concurrent - money in and shares allotted on the same day. Stamp duty (0.5%) applies to share transfers but not to newly issued shares.

Largest private tech companies in the UK

Revolut valued at $75B is the largest still privately-owned company in the UK.

See all large tech companies in the UK

Logo		Description
	Revolut	Revolut is a London-headquartered digital banking platform serving over 40 million customers across Europe, the United States, and Asia. It provides mobile app-based services including multi-currency accounts, debit cards, international transfers, cryptocurrency exchange, commission-free stock and commodities trading, and insurance products. Founded in 2015, Revolut holds banking licenses in Lithuania and the UK.	Feb-25	$10M Series A	$75B
	Checkout.com	Checkout.com is a global payment processor supporting transactions in over 150 currencies through a unified API. It delivers in-country acquiring across more than 50 countries, advanced fraud detection powered by machine learning, and comprehensive reporting dashboards. The platform accepts all major credit and debit cards alongside local methods such as iDEAL, Alipay, and Klarna. Checkout.com maintains offices in London, New York, Singapore, and 16 other locations worldwide. Launched in 2012, it serves enterprises like Sony, Revolut, and McDonald's with scalable infrastructure for high-volume payments.	Jan-22	$1.0B Series D	$40B
	FNZ	FNZ is a London-headquartered wealth management platform powering end-to-end operations for banks, insurers, and asset managers globally. The cloud-native system handles financial planning, trade execution, custody, portfolio management, and retirement services via API integrations. FNZ serves over 12 million clients through partnerships with Aviva, Standard Life, and UBS, incorporating acquisitions like New Access for onboarding and Appway for digital advice.	Nov-25	$650M	$20B
	Nscale	Nscale is a Helsinki-headquartered provider of GPU cloud infrastructure optimized for AI workloads. The platform delivers serverless inference endpoints, on-demand training clusters, and bare metal GPU servers for model fine-tuning and deployment. Its private cloud environments support sovereign data processing requirements. Nscale operates Tier 3 data centers in Boden, Sweden, powered entirely by renewable hydroelectric energy from the Pite River. The company integrates a marketplace for pre-configured AI tools and autoscaling solutions. Launched in 2023, Nscale partners with NVIDIA to offer DGX SuperPOD-ready configurations for enterprise-scale generative AI applications.	Mar-26	$2.0B Series C	$15B
	The Access Group	The Access Group is a software provider delivering integrated business management solutions including ERP, finance, HR, payroll, recruitment, warehousing, business intelligence, professional services automation, and manufacturing modules. London-headquartered Access Group plc serves organizations across multiple industries with cloud-based platforms that streamline operations. The company maintains a broad portfolio addressing end-to-end business needs from core financials to specialized sector tools.	Jun-22	$1.2B	$12B
	Rapyd	Rapyd is a London-headquartered fintech-as-a-service platform that allows businesses to embed payment acceptance, payouts, card issuing, foreign exchange, and business wallet capabilities into their products through a single API. Founded in 2016, the company operates a global network spanning more than 100 countries and connects local payment methods including cards, bank transfers, e-wallets, and cash. Rapyd has scaled rapidly through acquisitions of Valitor, Korta, and Neat, and serves marketplaces, e-commerce companies, gig economy platforms, and financial institutions that need cross-border payment infrastructure without building it in-house.	Mar-25	$500M	$8.8B
	Kraken	Kraken is a London-headquartered customer engagement platform for energy, water, and broadband providers across Europe and North America. Its technology stack includes billing, CRM, self-service portals, and smart metering analytics to streamline operations. Kraken serves utilities like Octopus Energy and OVO, enabling net-zero transitions through demand response and EV charging management. The platform processes millions of customer interactions monthly, supporting regulatory compliance in deregulated markets.	Apr-26	strategic inv.	$8.7B
	Wayve	Wayve is a London-headquartered AI company building end-to-end machine learning software for self-driving vehicles. Founded in 2017, the technology enables mapless navigation by learning from driving data to handle diverse urban environments. Wayve collaborates with automakers like Nissan and has testing operations in the UK and US.	Feb-26	$1.2B Series D	$8.6B
	SumUp	SumUp is a financial technology company providing card readers, point-of-sale systems, and merchant financial services targeted primarily at small businesses, independent merchants, and sole traders. Founded in Berlin in 2012 and now headquartered in London, the firm operates in more than 35 countries across Europe, the Americas, Australia, and beyond, offering portable card terminals alongside online payment processing, invoicing tools, e-commerce store builders, and business accounts with debit cards. SumUp positions itself as an integrated commerce platform for micro-merchants and competes with players such as Square, Stripe, and PayPal's Zettle.	Dec-23	$315M	$8.5B
	THG Ingenuity	THG Ingenuity is the technology division of THG plc powering the parent company's e-commerce ecosystem. Manchester-headquartered, it supplies a proprietary cloud platform handling site management, personalization, logistics, and payments for brands including Myprotein, Lookfantastic, and Dermstore. The service supports peak traffic exceeding one million orders daily across 160 countries, enabling scalable online retail operations.	May-21	$1.6B	$8.0B
F	Fluidstack	FluidStack delivers a leading AI cloud platform with supercomputing infrastructure for AI labs, governments, and enterprises, serving clients like Mistral, Meta, and Black Forest Labs.	Jan-26	$450M	$7.0B
	Monzo	Monzo is a London-headquartered digital bank serving customers in the United Kingdom and United States. The app provides current accounts, savings pots, overdrafts, and investment products with instant transaction notifications. Monzo issues Mastercard debit cards and offers joint accounts for shared budgeting. Expanded from prepaid cards in 2016, the bank holds a full UK banking license and operates branches in Cardiff and Manchester. Monzo integrates Open Banking APIs for seamless transfers from Barclays and Lloyds.	May-24	$191M Series I	$5.2B
	Blockchain.com	-	Nov-23	$110M Series E	$5.2B
	Ineffable Intelligence	Ineffable Intelligence builds machine learning systems that learn via reinforcement learning through interaction and experience in simulated or real environments. These systems form a superlearner capable of autonomous knowledge generation, adaptation, and problem-solving across domains.	Apr-26	$1.1B Seed	$5.1B
	Zepz	Zepz is a London-headquartered fintech operating WorldRemit and Sendwave brands for international money transfers. The platform serves customers in 50 countries, facilitating remittances to over 140 destinations in Europe, Asia, Africa, Australia, and the Americas. Recipients access funds via bank deposits, cash pickup at 25,000 locations, mobile wallets, or airtime top-ups. Zepz processed billions in transfer volume annually through its digital-first model.	Oct-24	$267M Series F	$5.0B
	Lendable	Lendable is a London-based peer-to-peer lending marketplace matching individual investors with personal loan borrowers in the United Kingdom. The platform processes applications in minutes without paperwork, funding loans from investor deposits.	Mar-22	$276M	$4.7B
	Recursive Superintelligence	Recursive Superintelligence is an AI research firm building systems that autonomously improve via recursive self-learning. Its frameworks automate the AI development lifecycle, including experiment design, model training, evaluation, and optimization in feedback loops. The technology reduces manual engineering for scalable applications in research, enterprise deployment, and data-driven settings.	May-26	$650M Series A	$4.7B
	CRED	CRED is a predictive intelligence platform that integrates enterprise systems with external market data on more than 200 million companies. It deploys machine learning models to forecast prospect conversions, customer churn risks, and competitor vulnerabilities. San Francisco-based, the software serves sales and marketing teams in Fortune 500 firms across technology and finance sectors. Deployments include real-time dashboards for lead scoring updated every 15 minutes.	Jun-25	$15M Seed	$3.5B
	Celsius Network	Celsius Network is a London-headquartered blockchain platform offering lending and borrowing services in cryptocurrencies. Launched in 2017, it provides interest on deposits and loans to members through smart contracts. The company faced bankruptcy proceedings in the United States in 2022 amid cryptocurrency market challenges.	Oct-22	$40M strategic inv.	$3.5B
	Starling Bank	Starling Bank is a London-based digital bank offering personal current accounts, joint accounts, and business banking via mobile app. Launched in 2017, it provides savings spaces, overdrafts up to £5,000, and debit cards with no foreign fees. Starling serves over three million customers with FSCS protection up to £85,000.	Apr-22	$164M Series D	$3.3B
	OnlyFans	OnlyFans is a subscription platform founded in 2016 and headquartered in London, England. Creators earn revenue by sharing content with fans through paid subscriptions, tips, and messages across various genres.	May-26	$535M	$3.1B
	Improbable	Improbable is a London-headquartered technology company that develops SpatialOS, a cloud-based platform enabling massive multiplayer simulations for gaming and industrial applications. Founded in 2012, the firm powers large-scale virtual worlds in titles like Scavengers Studio's games and collaborates with defense sectors for urban planning simulations. Improbable's infrastructure distributes computational loads across server swarms, supporting persistent environments with thousands of dynamic entities, and extends to sectors like autonomous vehicles through its M series simulators.	Oct-22	$101M	$3.0B
	CMR Surgical	CMR Surgical is a Cambridge, United Kingdom-headquartered medical device company manufacturing the Versius robotic surgical system for minimally invasive procedures. Versius features modular arms, 3D HD vision, and haptic feedback, enabling surgeries in gynecology, urology, and general surgery. Deployed in over 40 countries with 250+ installations since 2019 FDA clearance, it integrates into hospital operating rooms for enhanced surgeon control.	Apr-25	$200M	$3.0B
	Thought Machine	Thought Machine is a London-headquartered fintech founded in 2017, delivering the Vault Core cloud-native banking platform to replace legacy systems. Adopted by JPMorgan Chase for its digital bank, Lloyds Banking Group, and Standard Chartered across retail, corporate, and investment banking, Vault supports real-time processing via microservices on AWS and Google Cloud. The platform handles mortgages, deposits, and payments compliant with PSD2 regulations. Thought Machine serves 20+ financial institutions globally with headquarters in the UK and offices in Singapore and New York.	Jul-25	$59M	$2.7B
	Quantexa	-	Mar-25	$175M Series F	$2.6B
	Lighthouse	Lighthouse is an Amsterdam-headquartered revenue management platform serving the hospitality sector worldwide. The company delivers business intelligence tools, demand forecasting, and dynamic pricing software to hotels and travel operators. Lighthouse integrates data from over 300 sources including online travel agencies and property management systems. Previously operating as OTA Insight, it supports revenue teams in major chains like Hilton and Accor through its cloud-based dashboard for occupancy optimization and rate benchmarking across 190 countries.	Nov-24	$370M Series C	$2.4B
	Megger	Megger is a manufacturer of electrical test and measurement equipment for power utilities, industrial facilities, and telecommunications networks. Headquartered in the United Kingdom with facilities in the United States and Europe, the company produces insulation resistance testers, cable fault locators, ground resistance testers, and protection relay test equipment. Established in 1903, Megger pioneered the first practical insulation tester and supplies tools to detect faults in transformers, motors, and overhead lines worldwide.	-	-	$2.4B
	Multiverse	Multiverse is a workforce upskilling platform specializing in apprenticeships for AI, data, cloud engineering, and software development roles. It serves over 1,500 partner organizations across the United States and United Kingdom, including enterprises like Microsoft, Salesforce, and Barclays. London-headquartered since its 2016 founding, Multiverse delivers degree-level programs that blend online learning with on-the-job training for workers at any career stage. Participants have generated more than $2 billion in return on investment for employers by boosting productivity in tech adoption projects. The platform expanded into Ireland in 2023 and supports scalable hiring through its Multiverse Academy.	May-26	$70M	$2.1B
	Zilch	Zilch is a London-headquartered payments network offering buy-now-pay-later services with 0% APR over six weeks and no fees for UK consumers. Launched in 2020, it processes transactions for retailers like ASOS and Nike, generating revenue through advertising while serving 2 million users via its app.	Nov-25	$177M	$2.0B
	Trax	Trax is a content aggregator and social marketplace for musicians. Artists build branded digital hubs offering exclusive tracks, videos, live streams, and merchandise to superfans. The platform handles payments, fan analytics, and direct messaging. San Francisco-based Trax serves independent acts and labels, processing fan subscriptions and event tickets globally.	Jan-24	$2.9M Seed	$2.0B
	Marshmallow	-	Apr-25	$45M Series C	$2.0B
	Copper	Copper is a London-headquartered custody and trading platform for institutional digital assets. It safeguards over $5 billion in client assets including Bitcoin and Ethereum using multi-party computation wallets and air-gapped storage. The ClearLoop network facilitates off-exchange settlement with exchanges like Binance and Coinbase Prime, while its lending service offers uncollateralized loans.	Oct-22	$15M	$2.0B
	BVNK	BVNK is a provider of enterprise payments infrastructure combining stablecoins and fiat rails for global transactions. Based in London, United Kingdom, BVNK offers managed and self-custody models for cross-border payments, payroll, and marketplace settlements, including licensing, custody, and compliance support for fintech clients.	Dec-24	$50M Series B	$1.8B
	Roark Aerospace	Roark Aerospace is a Washington-headquartered developer of autonomous defense systems. Products include drone detection radars, counter-UAS effectors, unmanned ground vehicles, and hyperspectral sensors. The firm deploys drone-for-robot swarms and edge-based C2 platforms for real-time warfare. Roark Aerospace serves US military and allies with persistent surveillance solutions.	Dec-25	$210M Series B	$1.8B
	Bled Tech	Bled Tech is a UK-headquartered firm with international operations delivering IT infrastructure and digital transformation services. The company supports enterprise cloud migrations, cybersecurity implementations, and custom software deployments.	Mar-20	$2.5M Seed	$1.7B
	5ire	5ire is a London-headquartered layer-1 blockchain network designed for the fifth industrial revolution. 5ireChain integrates sustainability metrics aligned with UN SDGs, powering dApps in carbon credit trading and green supply chains. Mainnet launched in 2023, it processes 10,000 TPS with validators in India and Europe.	Jul-22	$100M Series A	$1.5B
	Tide	London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.	Sep-25	$120M	$1.5B
	Kore Labs	Kore Labs is a London-based RegTech startup offering a digital product lifecycle platform for financial organizations. The platform consolidates fragmented data into a 360-degree view of financial products using a proprietary taxonomy. It enables 24/7 employee access, regulatory compliance, and reduced time-to-market through light-touch integrations. Founded by financial services veterans, Kore streamlines oversight for banks and insurers across product management processes.	Jan-24	$4.2M Seed	$1.5B
	Granola	Granola is an AI notepad that transcribes and organizes meeting conversations into structured notes, summaries, action items, and key points. Granola integrates with video conferencing and productivity tools and supports search across past meetings.	Mar-26	$125M Series C	$1.5B
	Matillion	Matillion is a Manchester-headquartered data productivity platform enabling enterprises to load, transform, and orchestrate data on cloud warehouses like Snowflake, Amazon Redshift, and Google BigQuery. Companies including Cisco, Slack, and TUI use Matillion for ETL pipelines supporting analytics, machine learning, and AI workflows across self-service and enterprise editions.	Sep-21	$150M Series E	$1.5B
	Lush Fresh Handmade Cosmetics	Lush Fresh Handmade Cosmetics is a global cosmetics retailer maintaining over 850 shops in 51 countries from its Poole headquarters in the United Kingdom. It manufactures bath bombs, soaps, shampoos, and skincare products using fresh, vegetarian ingredients handmade daily in dedicated kitchens.	Dec-22	$262M	$1.5B
	Tripledot Studios	Tripledot Studios is a London-headquartered mobile game developer specializing in casual titles such as Solitaire Clash, Tile Triple, and Ball Sort Puzzle. The studio publishes hypercasual and hybrid casual games downloaded over 500 million times across iOS and Android. Founded in 2017, Tripledot has expanded to more than 400 employees and topped App Store charts in 50 countries. Its portfolio generates hundreds of millions in annual revenue through in-app purchases and advertising from partners like ironSource.	Feb-22	$116M Series B	$1.4B
	Paddle	Paddle is a London-headquartered fintech platform serving as merchant of record for software companies worldwide. It manages subscription billing, global payments, sales tax compliance, VAT handling, and fraud prevention in over 200 countries. The service integrates with CRM systems, analytics tools, and developer platforms to streamline checkout flows and revenue recovery for SaaS providers.	May-22	$200M Series D	$1.4B
	Gymshark	Gymshark is a Solihull-headquartered online retailer of performance fitness apparel and accessories, shipping to over 180 countries. Founded in 2012, it designs collections including leggings, sports bras, hoodies, and training shoes for weightlifting, running, and yoga. Gymshark maintains a direct-to-consumer model via its website and app, bolstered by social media communities on Instagram and TikTok.	Aug-20	$268M	$1.3B
	9fin	9fin is a London-based data and analytics provider for credit markets, serving finance, investment banking, and asset management professionals. The platform delivers tools for financial data analysis, risk assessment, market screening, and team collaboration on bond issuance, loans, and leveraged finance deals.	Mar-26	$170M Series C	$1.3B
	Flo Health	-	Jul-24	$201M Series C	$1.2B
	Railsr	Railsr is a London-headquartered embedded finance platform enabling banks and corporations to offer digital banking services. It provides APIs for ledger creation, account linking, payments, currency conversion, card issuance, and credit management. The company powers programs for clients like Solarisbank and operates in the UK, EU, and Brazil.	Oct-23	$24M	$1.2B
	ZYBER 365	ZYBER 365 is a Web3 operating system developer focusing on sustainable AI chains. The platform ensures cyber-secure, decentralized computing with energy-efficient consensus. It supports dApps in DeFi and NFTs. Launched in 2023 from Malta, ZYBER 365 adheres to environmental standards in blockchain operations.	Jul-23	$100M Series A	$1.2B
	Moniepoint	Moniepoint is a Lagos, Nigeria-headquartered fintech company offering business banking, payments, and credit services. The platform enables SMEs to accept card payments via POS terminals, process transfers, and access loans through its mobile app. Formerly known as TeamApt, Moniepoint supports over two million businesses with tools for payroll, inventory management, and API integrations for e-commerce.	Oct-25	$90M Series C	$1.0B
	Tractable	Tractable is an AI company automating damage assessment for insurance claims using computer vision. London-headquartered since 2014, its platform analyzes photos of vehicle and property damage to estimate repair costs in minutes. Tractable serves insurers like Direct Line and Tokio Marine in the U.S., U.K., and Japan. AI Review triages claims while AI Estimating generates itemized quotes integrated with workshop networks. The system processes millions of images annually, accelerating payouts.	Jul-23	$65M Series E	$1.0B
	TrueLayer	TrueLayer is a London-headquartered open banking platform enabling instant payments, user onboarding, and payouts via APIs in the UK, Italy, and France. It powers variable recurring payments for fintechs like Revolut and TradingView. Regulated by the FCA, TrueLayer processes transactions compliant with PSD2 across seven European countries.	Feb-26	-	$1.0B
	Stability AI	Stability AI is a London-based developer of open-source generative AI models, including Stable Diffusion for text-to-image synthesis and Stable Video Diffusion for motion generation. The company releases models under permissive licenses, enabling applications in advertising and film production worldwide. Stability AI collaborates with partners like AMD and NVIDIA for optimized inference on hardware, supporting enterprise deployments through its API serving millions of daily generations since Stable Diffusion 1.5 in 2022.	Jun-24	$80M	$1.0B
	MUBI	MUBI is a global streaming service, production company, and distributor focused on independent and auteur cinema. Founded in 2007, the platform curates films from directors worldwide for audiences in 190 countries, with weekly cinema tickets via MUBI GO in select markets. It acquired The Match Factory in January 2022 and a majority stake in Cinéart in February 2024, alongside publishing Notebook for film culture.	May-25	$100M	$1.0B
	Teya	Teya is a London-headquartered payments provider for SMEs across Europe, formerly known as SaltPay. The company processes card transactions, offers POS hardware, loyalty programs, and cash advances to over 300,000 merchants in the UK, Spain, Italy, and Germany. Teya integrates with accounting software like Xero and QuickBooks for automated invoicing. Its gateway supports online and in-store payments with 3D Secure fraud prevention and dynamic currency conversion.	Nov-21	$370M Series C	$1.0B
	Infobip	Infobip is a Vodnjan-headquartered global communications platform as a service provider enabling omnichannel messaging via SMS, voice, WhatsApp, Viber, and email. Founded in 2006, it supports customer engagement, two-factor authentication, and fraud prevention for enterprises. The company operates data centers in over 40 countries, processing billions of messages monthly for brands in retail, finance, and travel sectors worldwide.	Jul-20	$300M	$1.0B
	Minute Media	Minute Media is a sports and culture content platform owning brands like The Players' Tribune, FanSided, 90min, and STN Video. Tel Aviv-headquartered with offices in New York, London, São Paulo, and Tokyo, it powers creation and distribution for 1,500 creators across 14 markets in 10 languages.	Jan-24	$100M	$1.0B
	UFORCE	UFORCE is a defense technology company that develops combat-proven unmanned systems for air, ground, and marine operations.	Mar-26	$50M Seed	$1.0B
	Nyobolt	Nyobolt is a Cambridge-based developer of lithium-sulfur batteries for electric vehicles emphasizing ultra-fast charging. The technology achieves 200 kW power output, recharging from 10 to 90 percent in under five minutes while storing 400 Wh/kg energy density. Founded in 2020 from University of Cambridge research, Nyobolt partners with H1 Vehicle Intelligence for prototype testing and raised $25 million in Series A funding.	May-26	$60M Series C	$1.0B
	Beamery	Beamery is a London-headquartered AI platform for talent management and workforce planning. It connects skills intelligence with real-time employee data to support hiring, redeployment, and reskilling for enterprises including Unilever and Deloitte.	Dec-22	$50M Series D	$1.0B
	PhysicsX	PhysicsX is a London-headquartered physical AI company that deploys machine learning across engineering lifecycles in aerospace, automotive, semiconductors, materials, and energy sectors. With offices in New York and Zurich, it partners with organizations like Airbus and Siemens on simulations for aerodynamics, structural optimization, and manufacturing processes. Founded in 2021, PhysicsX tools handle complex multiphysics problems to shorten design iterations.	Nov-25	$20M Series B	$1.0B
	Zopa	Zopa is a London-headquartered digital bank offering personal loans, credit cards, savings accounts, and credit score monitoring through its mobile app. Founded in 2005 as the world's first peer-to-peer lending service, it matches lenders and borrowers while spreading risks across portfolios. Zopa transitioned to a full banking license in 2020, holding over £7 billion in deposits. The platform enforces automated repayments and provides tools for financial planning.	Dec-24	$85M	$1.0B
	LMAX Group	LMAX Group is a London-headquartered financial technology firm operating electronic trading venues for FX, metals, and cryptocurrencies. Its LMAX Exchange processes over $20 billion daily notional value with centralized limit order book matching. Regulated by FCA, the group serves institutional traders globally from data centers in New York, Tokyo, and Singapore.	-	-	$1.0B
	PPRO	PPRO is a London-headquartered fintech firm offering payments orchestration infrastructure that connects businesses, banks, payment platforms, acquirers, and merchants to over 150 local payment methods in 120 countries through a single API. The platform delivers checkout optimization, acquiring services, fraud screening, and risk tools deployable without coding. Partners such as Citi, PayPal, and Stripe utilize PPRO to streamline operations, increase conversion rates, and manage complex payment flows across regions including Europe, North America, Latin America, and Asia Pacific.	Mar-24	$92M	$1.0B
	SheMed	-	Oct-25	$50M Series A	$1.0B
	Motorway	Motorway is a UK online car-selling platform founded in 2017 that connects private sellers to verified dealers. Users upload vehicle details via app for instant valuations and sales within days, with over 1 million monthly visitors. London-headquartered, it processes hundreds of daily transactions nationwide using AI matching and logistics.	Nov-21	$190M Series C	$1.0B
	MSquared	MSquared is a London-based developer of a network enabling interoperability among metaverses. It leverages blockchain and cryptocurrency technologies to interconnect digital assets across various organizations and platforms.	Apr-22	$150M	$1.0B
	OLIX	OLIX manufactures optical tensor processing units accelerating AI workloads through light-based circuits for matrix operations in training and inference.	Feb-26	$220M Series A	$1.0B
	Chalkie	Chalkie is an AI platform providing tools for educators to streamline lesson planning. It leverages artificial intelligence to generate customized plans, resources, and assessments for classroom use.	Mar-26	$4.0M Seed	$1.0B
	Huma	Huma is a global health technology company offering a modular platform for digital hospitals at home across various disease areas. The platform employs predictive algorithms, digital biomarkers, and real-world data from hospital databases, patient wearables, and mobile devices to enable real-time information delivery to healthcare providers. London-headquartered Huma advances proactive and predictive care models through seamless data integration.	Jul-24	$80M Series D	$1.0B
	Payhawk	Payhawk is a spend management platform serving businesses in over 32 countries across Europe, the US, and UK. It unifies corporate cards, expense reimbursements, accounts payable, and integrations with accounting tools like QuickBooks and Xero. The Sofia-headquartered firm maintains offices in London, Berlin, Barcelona, Paris, Amsterdam, Vilnius, and New York, with clients including LuxAir, Babbel, Vinted, Wallbox, and Wagestream.	Mar-22	$100M Series B	$1.0B

Startups who recently raised money in the UK

Largest VC round raised recently in the UK was a $2.1B Series B of Isomorphic Labs in May 2026.

See all VC rounds in the UK

	Logo		Description	Investors
May-26		Isomorphic Labs	Isomorphic Labs is a London-headquartered biotechnology company applying artificial intelligence to drug discovery since 2021. A subsidiary of Alphabet, it develops AI models analyzing protein structures and biological pathways to identify novel therapeutics. Isomorphic Labs partners with companies like Eli Lilly on multi-year collaborations for multiple drug targets.	AlphabetCapitalG+5	$2.1B	-	Series B
Mar-26		Nscale	Nscale is a Helsinki-headquartered provider of GPU cloud infrastructure optimized for AI workloads. The platform delivers serverless inference endpoints, on-demand training clusters, and bare metal GPU servers for model fine-tuning and deployment. Its private cloud environments support sovereign data processing requirements. Nscale operates Tier 3 data centers in Boden, Sweden, powered entirely by renewable hydroelectric energy from the Pite River. The company integrates a marketplace for pre-configured AI tools and autoscaling solutions. Launched in 2023, Nscale partners with NVIDIA to offer DGX SuperPOD-ready configurations for enterprise-scale generative AI applications.	8090 IndustriesAker+9	$2.0B	$15B	Series C
Feb-26		Wayve	Wayve is a London-headquartered AI company building end-to-end machine learning software for self-driving vehicles. Founded in 2017, the technology enables mapless navigation by learning from driving data to handle diverse urban environments. Wayve collaborates with automakers like Nissan and has testing operations in the UK and US.	Baillie GiffordBalderton Capital+10	$1.2B	$8.6B	Series D
Apr-26		Ineffable Intelligence	Ineffable Intelligence builds machine learning systems that learn via reinforcement learning through interaction and experience in simulated or real environments. These systems form a superlearner capable of autonomous knowledge generation, adaptation, and problem-solving across domains.	DST GlobalVikram Makhija+10	$1.1B	$5.1B	Seed
Dec-25		Kraken	Kraken is a London-headquartered customer engagement platform for energy, water, and broadband providers across Europe and North America. Its technology stack includes billing, CRM, self-service portals, and smart metering analytics to streamline operations. Kraken serves utilities like Octopus Energy and OVO, enabling net-zero transitions through demand response and EV charging management. The platform processes millions of customer interactions monthly, supporting regulatory compliance in deregulated markets.	British Business BankD1 Capital Partners+5	$1.0B	$8.7B	Undisclosed stage
May-26		Recursive Superintelligence	Recursive Superintelligence is an AI research firm building systems that autonomously improve via recursive self-learning. Its frameworks automate the AI development lifecycle, including experiment design, model training, evaluation, and optimization in feedback loops. The technology reduces manual engineering for scalable applications in research, enterprise deployment, and data-driven settings.	NVIDIAGV+1	$650M	$4.7B	Series A
May-26		OnlyFans	OnlyFans is a subscription platform founded in 2016 and headquartered in London, England. Creators earn revenue by sharing content with fans through paid subscriptions, tips, and messages across various genres.	Architect CapitalJames Packer+1	$535M	$3.1B	Undisclosed stage
May-26		Graphcore	Graphcore develops Intelligence Processing Units tailored for AI and machine learning applications. The Bristol-headquartered startup's IPU architecture enables faster execution of models like transformers. Founded in 2016, Graphcore operates data centers and sells Colossus systems to enterprises worldwide.	SoftBank Group	$450M	-	Undisclosed stage
Jan-26	F	Fluidstack	FluidStack delivers a leading AI cloud platform with supercomputing infrastructure for AI labs, governments, and enterprises, serving clients like Mistral, Meta, and Black Forest Labs.	-	$450M	$7.0B	Undisclosed stage
May-26		Fractile	-	AccelFelicis+10	$220M	-	Series B
Feb-26		OLIX	OLIX manufactures optical tensor processing units accelerating AI workloads through light-based circuits for matrix operations in training and inference.	Crane Venture PartnersEntrepreneurs First+6	$220M	$1.0B	Series A
Dec-25		Roark Aerospace	Roark Aerospace is a Washington-headquartered developer of autonomous defense systems. Products include drone detection radars, counter-UAS effectors, unmanned ground vehicles, and hyperspectral sensors. The firm deploys drone-for-robot swarms and edge-based C2 platforms for real-time warfare. Roark Aerospace serves US military and allies with persistent surveillance solutions.	-	$210M	$1.8B	Series B
May-26		Paymentology	Paymentology is a Johannesburg-headquartered global issuer-processor following its 2021 acquisition by SaltPay alongside Tutuka. The multi-cloud platform supports banks and fintechs issuing cards in 50 countries with 24/7 local support across 14 time zones.	Apis PartnersAspirity Partners	$175M	-	Undisclosed stage
Mar-26		9fin	9fin is a London-based data and analytics provider for credit markets, serving finance, investment banking, and asset management professionals. The platform delivers tools for financial data analysis, risk assessment, market screening, and team collaboration on bond issuance, loans, and leveraged finance deals.	CPP InvestmentsHarbourVest Partners+4	$170M	$1.3B	Series C
May-26		Quantum Motion	Quantum Motion is a London-based quantum computing company fabricating silicon spin qubits using standard CMOS processes. It develops foundry-compatible chips for scalable quantum processors targeting error-corrected systems with thousands of qubits. Backed by investors including Oxford Nanopore, the firm collaborates with European foundries to integrate qubits into cryogenic control stacks for cloud-accessible quantum services.	Bosch VenturesBritish Business Bank Investments+7	$163M	-	Series C

Top VCs and strategic investors in the UK

Antler, SFC Capital, Haatch and Y Combinator funded the most startups in the UK in the last 12 months.

See all VCs in the UK

	Description	Key portfolio
SFC Capital	SFC Capital is a London-based seed investment firm acting as the UK's most active early-stage backer for startups. It deploys capital through SEIS and EIS qualifying funds and an angel network, curating diversified portfolios for investors. The firm supports British tech and innovation companies with funding and mentorship.	Corryn BiotechnologiesRivuloHalo Drive+2	138	Pre-seed
Antler	Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons.	RalioBiteHanei+2	66	Pre-seed
Fuel Ventures VCT	Fuel Ventures VCT PLC is a company involved in prominent early-stage investing in technology in the UK, focusing on scalable companies across marketplaces, platforms and software (SaaS).	LocaiJAAQFlexzo Ai+2	65	Seed
Haatch	Haatch is a London-based early-stage VC firm investing in pre-seed B2B SaaS companies targeting £1m ARR milestones. Operating SEIS and EIS funds, Haatch supports founder-led sales teams and scales them to £10m revenue potential. The firm backs solutions in sales automation, HR tech, and cybersecurity, with portfolio companies including Hopin and Spendesk.	HapplOpen MooveVerbaFlo+2	54	Seed
Y Combinator	Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks.	HapplLuaMenza+2	52	Pre-seed
Scottish Enterprise	Scottish Enterprise drives economic growth as Scotland's primary public development agency, funding and advising businesses in sectors like offshore wind, fintech, and biotech. Edinburgh-headquartered, it operates under the Scottish Government and collaborates with UK Research and Innovation. The agency supported over 1,000 companies last year, facilitating exports and inward investment from global players like Google and Moderna. Scottish Enterprise manages a portfolio exceeding £500 million in active projects.	Exergy3Earth BloxBioCaptiva+2	50	Seed
Seedcamp	Seedcamp is a Europe-based seed investment fund backing technology founders targeting global markets. The portfolio encompasses over 400 startups including publicly listed UiPath and Wise, unicorns Revolut, Hopin, Sorare, Pleo, wefox, and growing firms like Grover, viz.ai, and Ezra. Established over a decade ago, the London-headquartered fund delivers capital, community support, and a worldwide network.	Fifth Dimension AIBioOrbit9fin+2	47	Series A
Octopus Ventures	Octopus Ventures is a London-headquartered venture capital firm that invests more than £200 million each year across early- to late-stage companies in health, fintech, deep tech, consumer, and B2B software sectors. The firm supports portfolio companies through dedicated teams that provide strategic guidance for rapid scaling. Backed ventures include ManyPets, Cazoo, Depop, Elvie, and WaveOptics. Operations extend to New York with partner networks in the U.S. and Asia, enabling global reach for founders.	GreenpixieFlexzo AiAutomata+2	41	Series A
Mercia Ventures	-	SurffFifth Dimension AIStudentCrowd+2	40	Seed
LocalGlobe	LocalGlobe is a London-based venture capital firm that invests in seed-stage UK technology startups and impact-driven companies since 1999. The firm has supported over 100 portfolio companies, including Citymapper, Improbable, Wise, Zoopla, and Lovefilm. LocalGlobe manages funds exceeding £300 million across multiple vintages, with LocalGlobe 3 closing at £115 million in 2021. It partners with Entrepreneur First to identify and fund ambitious founders in fintech, healthtech, climate tech, and enterprise software. Operating from Clerkenwell, LocalGlobe provides hands-on support to scale businesses across Europe.	SupercriticalBioOrbitTrent AI+2	27	Seed

What if not VC? Non-equity funding in the UK

VC equity is not the only - or even the best - funding route for most UK startups. Non-dilutive options layer well together and can extend runway by 12-18 months without giving up a single share.

SEIS & EIS angel rounds

Friends, family and angel rounds structured under SEIS (£250k cap, sub-three-year-old companies) and EIS (£12M lifetime cap). 50% / 30% income tax relief makes these often easier to raise than priced VC rounds at pre-seed.

R&D tax credits

Cash refund or tax offset under the merged scheme (April 2024 onwards). Typically £30k–£500k back for early-stage tech, claimable annually and paid roughly two to four months after submission. Usable as runway extension without dilution.

Innovate UK & UKRI grants

Smart Grants (£100k–£2M+), Knowledge Transfer Partnerships, and competition-based programmes administered through Innovate UK and UKRI. Slow but valuable - non-dilutive capital plus an external validation marker for later rounds.

EIC funding (Horizon Europe association)

The UK rejoined Horizon Europe in 2024, making UK companies eligible again for EIC Accelerator grants (up to €2.5M) and EIC Pathfinder programmes. Significant non-dilutive option for deeptech and climate-tech companies that can wait the 6-12 month process.

Revenue-based financing

Uncapped, Outfund and Wayflyer advance cash against forward revenues, repaid as a fixed share of monthly billings. Best for ecommerce, DTC and SaaS with predictable revenue. Faster and less dilutive than equity, more expensive than bank debt.

Venture debt & growth credit

HSBC Innovation Banking, Shawbrook, OakNorth and Columbia Lake provide ARR-backed loans typically from late seed onwards. Used to extend runway between equity rounds, fund working capital or finance a tuck-in acquisition without diluting founders.

Why Flow Partners as your capital raising advisor?

We operate across four key principles that continuously allow us to deliver successful capital raising advice to winning founders in the UK.

Kraft KPI-driven narrative

High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.

Move fast and cut the BS

We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.

Access relevant investors

Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.

Valuation is only one part of the equation

When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.

We provide capital raising services across the UK and beyond

Sector expertise

Explore our VC fundraising offering across a variety of tech sectors in the UK.

Software

Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity

AI & ML

Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting

Fintech

Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software

Consumer internet

Consumer software subscription platforms, edutech, online content, social networks, online dating

Digital media

Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR

E-commerce & marketplaces

Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms

Consumer products

Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products

Mobility

Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure

Digital health

Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS

Industrial technology

Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing

Digital infrastructure

Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS

IT services

Software development and testing, digital transformation, cloud services, advertising agencies, IT support services

Selected case studies

We've advised companies from series A to series D and beyond.

Our capital raising experience spans across various tech sectors and geographies.

See all case studies

We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.

Recently completed VC fundraising projects

Selected capital-raising mandates and prior investment experience.

Capital raising

Portfolio of online consumer lending platforms in Iceland

Capital raising

Online marketplace to buy second-hand clothing in Mexico and Colombia

Capital raising

All-in-one internal communication platform for employee engagement

Capital raising

AI-driven cybersecurity and IP protection software

Capital raising

Leading factoring platform in Icelandic market

Capital raising

Mobile gaming studio focused on esports community

Capital raising

Largest independent car sharing provider in Germany

Capital raising

Turkey-based cybersecurity platform for breach simulation

Capital raising

European satellite and terrestrial network provider

Capital raising

Accounting software for SMEs and freelancers in Germany and Austria

Capital raising

Technology platform and DTC brand for personalized skincare

Capital raising

Online marketplace for scrap metal trading

Investment

€50m investment from Geely. All-electric air taxis with vertical takeoff and landing.

Investment

$60m investment from TPG. ID authentication and digital record conversion software.

Investment

Investment from Silver Lake. Online intercity bus service across Europe, North America and Brazil.

Investment

Growth investment. Cloud-based sales CRM and pipeline management software.

Investment

$30m growth investment. Food and beverage brand with plant-based protein products.

Investment

Investment from WPP / Kantar. Digital and behavioral data intelligence provider.

Investment

Growth investment. Recruitment app for employer-candidate social media engagement.

Investment

Growth investment. End-to-end search engine optimization platform.

Investment

Investment from Acton. Virtual shopping mall and online marketplace platform.

IPO Advisory

€68m IPO. Career-oriented social networking site for the DACH region.

IPO Advisory

€1.2bn IPO. Czech digital infrastructure platform (telecom and ICT).

IPO Advisory

€41m IPO. Europe's largest online car and motorcycle tire platform.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional fundraising advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and reach the right investors with conviction.

More services

We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.

Fractional CFO in the UK

We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

Learn more

M&A in the UK

We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.

Learn more

Capital raising services in the UK

Raising venture capital in the UK

BVCA model documents

Pre-priced rounds via ASAs

Round structure norms

SEIS and EIS shape seed economics

Regulatory checkpoints

Diligence and closing mechanics

Largest private tech companies in the UK

Startups who recently raised money in the UK

Top VCs and strategic investors in the UK

What if not VC? Non-equity funding in the UK

SEIS & EIS angel rounds

R&D tax credits

Innovate UK & UKRI grants

EIC funding (Horizon Europe association)

Revenue-based financing

Venture debt & growth credit

Why Flow Partners as your capital raising advisor?

Kraft KPI-driven narrative

Move fast and cut the BS

Access relevant investors

Valuation is only one part of the equation

We provide capital raising services across the UK and beyond

Sector expertise

Explore our VC fundraising offering across a variety of tech sectors in the UK.

Selected case studies

We've advised companies from series A to series D and beyond.

Recently completed VC fundraising projects

Selected capital-raising mandates and prior investment experience.

Got questions?

How is Flow different from other capital raising advisors?

What stages do you cover?

How long does a fundraise typically take?

What is your fee structure?

More services

Fractional CFO in the UK

M&A in the UK

Talk to us

Schedule a call to get a health check on your business and see how we could help.

Sector insights

Directly to your inbox

Fractional CFO

Stages

Countries

Cities

Sectors