This week’s UK tech funding deals include AI decacorn ElevenLabs, automated FX hedging platform Bound and more.
UKTN tracked £431.5m worth of UK tech investment this week (2 February to 6 February), a 222% week-on-week increase across seven funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
ElevenLabs – £368m
Sector: AI
HQ: London
Round: Series D
Investors: Sequoia, a16z, Iconiq, BroadLight, NFDG, Valor Capital, AMP Coalition, Smash Capital, Lightspeed Venture Partners, Evantic Capital and Bond
Founded in 2022, ElevenLabs has developed a number of AI tools, most prominently voice generation.
Veremark – £19m
Sector: HR tech
HQ: London
Round: Series B
Investors: Gresham House Ventures with participation from Samaipata, ACF Investors, Stage 2 Capital and Salica Partners
Founded in 2018, Veremark provides employee background screening services....