This week’s UK tech funding deals include insurtech unicorn Marshmallow, fast-charging energy group Nyobolt and more.
UKTN tracked £122.45m worth of UK tech investment this week (14 April to 18 April), a 124% week-on-week increase across nine funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Marshmallow – £68m
Sector: Insurtech
HQ: London
Round: Late VC/debt financing
Investors: Portage Capital Solutions and funds managed by BlackRock and CLP
Founded in 2017, Marshmallow is an insurance and financial platform for migrants in the UK.
Nyobolt – £22.6m
Sector: Energy
HQ: Cambridge
Round: –
Investors: IQ Capital and Latitude
Founded in 2020, Nyobolt develops fast-charging battery/energy technology.
Skin Analytics – £15m
Sector: Health tech
HQ: London
Round: Series B
Investors: Intrepid Growth Partners
Founded in 2012, Skin Analytics has developed a system to detect dermatological issues....