This week’s UK tech funding deals include AI infrastructure developer NexGen Cloud, fleet management software group Podfather and more.
UKTN tracked £54.55m worth of UK tech investment this week (7 April to 11 April), a 93% week-on-week decrease across nine funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
NexGen Cloud – £34.8m
Sector: AI
HQ: London
Round: Series A
Investors: –
Founded in 2020, NexGen Cloud develops infrastructure for AI.
Ryft – £5.7m
Sector: Fintech
HQ: London
Round: Series A
Investors: British Business Bank, Pembroke VCT, The SidebySide Partnership, EdenBase and GPOS Investments
Founded in 2021, Ryft helps businesses manage and monetise payments at scale.
Podfather – £3.4m
Sector: Logistics
HQ: Edinburgh
Round: Growth Equity VC
Investors: Maven Capital Partners
Founded in 2008, Podfather provides software to manage the routes of delivery fleets....