UK tech funding roundup: This week's deals from Nscale to Chalkie

This week’s UK tech funding deals include, for the second week in a row, AI infrastructure company Nscale as well as sustainable aviation fuel group OXCCU and more.

UKTN tracked £388.7m worth of UK tech investment this week (29 September to 3 October), a 59% week-on-week decrease across six funding rounds.

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

Nscale – £320m

Sector: Data centres

HQ: London

Round: Pre-Series C SAFE

Investors:Nvidia, Fidelity Investments, Aker ASA, Dell Technologies Capital, Nokia Ventures, Sandton Capital Partners, G Squared, Point72, Blue Owl Capital and T Capital

Founded in 2024, Nscale builds and operates infrastructure for AI workloads.