UK tech funding roundup: This week’s deals from ElevenLabs to Smartify

This week’s UK tech funding deals include AI firm ElevenLabs, payments firm Sokin and wealth management platform Prosper.

UKTN tracked £199m worth of UK tech investment this week (27th to 31st January).

Here’s your weekly roundup of UK tech startup funding deals.

Iplicit – £25m

Sector: Accounting

HQ: London

Round: Series B

Investors:One Peak

The company has built a cloud accounting platform tailored for businesses that have outgrown basic entry-level systems or who have challenges with legacy on-premises vendors.

Sightline – $5.5m

Sector: Climate tech

HQ: London

Round: Seeed

Investors: Led by Molten Ventures

The business has designed a platform that organizes the climate ecosystem, providing tactical research and insights, and bringing clarity to climate.

ElevenLabs – $180m

Sector: AI

HQ: London

Round: Series C

Investors: a16z and ICONIQ Growth

Speech generator ElevenLabs was founded in 2022 by Polish entrepreneurs Mati Staniszewski and Piotr Dabkowski, who previously worked at Palantir and Google.

Prosper – £4m

Sector: Wealth Management

HQ: London

Round: Series A

Investors: Led by Fuel Ventures

By leveraging AI, the platform aims to enhance customer experience and diversify customer investments, leading to higher potential returns.

Smartify – £1.5m

Sector: Smartphone app

HQ: London

Round: Series B

Investors: led by Metavallon VC, with participation from Pembroke VCT

Founded in 2015, Smartify is an app and digital platform that partners with leading arts and cultural institutions worldwide to enhance visitors’ experience with audio and visual guides.

Yavrio – $2.4m

Sector: Enterprise resource planning

HQ: London

Round: Seed

Investors: Led by Fuel Ventures

The fintech has been setup to eradicate error- and fraud-prone CSV file imports in ERP systems, many of which do not have embedded banking or payments and still rely on manual processing or outdated CSV files—a data storage and transfer method dating back to the 1970s.

Zelt – $6m

Sector: HR

HQ: London

Round: Series A

Investors: Led by Nauta

The business has designed software allowing organisations to manage their workforce across the employee lifecycle in a single system, simplifying and automating people processes across HR, Finance and IT functions.