This week’s UK tech funding deals include AI management platform Cloudsmith, synthetic fuel developer Rivan and more.
UKTN tracked £103.3m worth of UK tech investment this week (20 April to 24 April), a 35% week-on-week increase across eight funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Cloudsmith – £53m
Sector: AI
HQ: Belfast
Round: Series C
Investors: TCV and Insight Partners
Founded in 2016, Cloudsmith is a cloud-native artifact management platform ‘built for the age of AI’.
Rivan – £25m
Sector: Energy
HQ: London
Investors: IQ Capital and Plural
Founded in 2023, Rivan is developing synthetic fuel.
Exergy3 – £10m
Sector: Energy
HQ: Edinburgh
Round: Seed
Investors: Axeleo Capital, Bayern Kapital, Kibo Invest, Scottish Enterprise, Zero Carbon Capital and Old College Capital and the University of Edinburgh...
