This week’s UK tech funding deals include CRM provider Ascendx, satellite manufacturer Space Forge and more.
UKTN tracked £230.8m worth of UK tech investment this week (12 May to 16 May), a 291% week-on-week increase across 10 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Ascendx – £83m
Sector: SaaS
HQ: London
Round: Early VC/debt
Investors: Osprey Investors and Columbia Lake Partners
Founded in 2023, Ascendx is a Salesforce-based CRM provider.
Zopa – £80m
Sector: Fintech
HQ: London
Round: Additional tier 1 capital
Investors: International Securities Market investors
Founded in 2005, Zopa is a challenger bank initially focused on peer-to-peer lending, now entering the current account market.
Space Forge – £22.6m
Sector: Space tech
HQ: Cardiff
Round: Series A
Investors: NATO Innovation Fund, British Business Bank, the World Fund and the National Security Strategic Investment Fund...