Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during the month of February. I have included some additional information as well such as industry, founding year, brief funding description, founders, total funding raised, to further the analysis for the state of venture capital in London. For the purposes of this analysis, only equity funding rounds were considered.
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10. Nothing $15.0M
Round: Series A
Description: Nothing is removing the barriers between people and technology to create a seamless digital future. Founded by Carl Pei in 2020, Nothing has now raised a total of $22.0M in total equity funding and is backed by investors that include GV, Kevin Lin, Steve Huffman, Josh Buckley, and Casey Neistat.
Investors in the round: GV
Industry: Consumer, Consumer Software, Information Technology
Founders: Carl Pei
Founding year: 2020
Total equity funding raised: $22.0M
9. Uptime App $16.0M
Round: Seed
Description: Uptime App provides thousands of 5-minute Knowledge Hacks from the world‚’s best books, courses and documentaries, for free. Founded by Jack Beckhor, James True, and Patrick Joseph Walker in 2018, Uptime App has now raised a total of $17.0M in total equity funding and is backed by investors that include Jamie True, Lord David Alliance, Sir Terry Leahy, Patrick Joseph Walker, and Jack Bekhor.
Investors in the round: Jack Bekhor, Jamie True, Lord David Alliance, Patrick Joseph Walker, Sir Terry Leahy
Industry: E-Learning, EdTech, Education
Founders: Jack Beckhor, James True, Patrick Joseph Walker
Founding year: 2018
Total equity funding raised: $17.0M
8. Provar $17.0M
Round: Series A
Description: Provar test automation designed for Salesforce. Founded by Flavia Waters and Geraint Waters in 2011, Provar has now raised a total of $17.0M in total equity funding and is backed by investors that include Kennet Partners.
Investors in the round: Kennet Partners
Industry: CRM, Sales Automation, Software, Usability Testing
Founders: Flavia Waters, Geraint Waters
Founding year: 2011
Total equity funding raised: $17.0M
7. Trade Ledger £13.5M
Round: Series A
Description: Trade Ledger is a Business lending platform. Founded by Martin M. in 2016, Trade Ledger has now raised a total of £15.0M in total equity funding and is backed by investors that include Point72 Ventures, Foundation Capital, Hambro Perks Ltd., and Court Lorenzini.
Investors in the round: Court Lorenzini, Foundation Capital, Hambro Perks Ltd., Point72 Ventures
Industry: Financial Services, Information Services, Information Technology, Lending
Founders: Martin M.
Founding year: 2016
Total equity funding raised: £15.0M
6. Vortexa $19.0M
Round: Series B
Description: Vortexa provides real-time information and analytics for crude oil and refined oil product flows. Founded by Etienne Amic and Fabio Kuhn in 2016, Vortexa has now raised a total of $24.0M in total equity funding and is backed by investors that include Monashees, Notion Capital, Mosaic, and Metaplanet Holdings.
Investors in the round: Metaplanet Holdings, Monashees, Mosaic, Notion Capital
Industry: Analytics, Trading Platform
Founders: Etienne Amic, Fabio Kuhn
Founding year: 2016
Total equity funding raised: $24.0M
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5. Solidatus £14.0M
Round: Series A
Description: Solidatus is the award-winning data management and conceptual modelling solution that effectively manages data, people and processes. Founded by Philip Dutton and Philip Miller in 2011, Solidatus has now raised a total of £14.0M in total equity funding and is backed by investors that include Citigroup, AlbionVC, and HSBC Venture Capital Coverage Group.
Investors in the round: AlbionVC, Citigroup, HSBC Venture Capital Coverage Group
Industry: Data Visualization, Enterprise Software, Information Technology
Founders: Philip Dutton, Philip Miller
Founding year: 2011
Total equity funding raised: £14.0M
4. Monument Bank £28.0M
Round: Series A
Description: Monument Bank is a bank focus on mass affluent clients such as professionals, property investors, and entrepreneurs. Founded by Mintoo Bhandari and Vikash Gupta in 2018, Monument Bank has now raised a total of £28.0M in total equity funding and is backed by investors that include Harry Handelsman, Rakesh K. Loonkar, and Eric Zinterhofer.
Investors in the round: Eric Zinterhofer, Harry Handelsman, Rakesh K. Loonkar
Industry: Financial Services
Founders: Mintoo Bhandari, Vikash Gupta
Founding year: 2018
Total equity funding raised: £28.0M
3. Isotropic Systems $40.0M
Round: Series B
Description: Isotropic Systems develops multi-service, high-bandwidth, low power, fully integrated terminals designed to support the satellite industry. Founded by Jeremiah Turpin and John Finney in 2013, Isotropic Systems has now raised a total of $60.0M in total equity funding and is backed by investors that include The Future Fund, Space Angels, Space Capital, Promus Ventures, and Boeing HorizonX Ventures.
Investors in the round: Boeing HorizonX Ventures, Orbital Ventures, Promus Ventures, SES S.A., Space Angels, The Firmament Group, The Future Fund
Industry: Construction, Electronics, Internet, Satellite Communication
Founders: Jeremiah Turpin, John Finney
Founding year: 2013
Total equity funding raised: $60.0M
2. Monzo £50.0M
Round: Series G
Description: Monzo is a digital-only bank platform and marketplace that allows customers to access a range of products and services. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of £434.7M in total equity funding and is backed by investors that include Crowdcube, General Catalyst, Stripe, Orange, and Y Combinator.
Investors in the round: Accel, General Catalyst, Goodwater Capital, Octahedron Capital, Orange, Passion Capital, Stripe, Thrive Capital, Y Combinator
Industry: Banking, Finance, Financial Services, FinTech, Marketplace
Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founding year: 2015
Total equity funding raised: £434.7M
1. Blockchain.com $120.0M
Round: Venture
Description: Blockchain.com is a platform that offers ways to buy, hold and use cryptocurrency. Founded by Benjamin Reeves, Nicolas Cary, and Peter Smith in 2011, Blockchain.com has now raised a total of $190.0M in total equity funding and is backed by investors that include Rovida Advisors, Lightspeed Venture Partners, GV, Digital Currency Group, and Lakestar.
Investors in the round: Access Industries, Eldridge, GV, Kyle Bass, Lakestar, Lightspeed Venture Partners, Moore Strategic Ventures, Rovida Advisors
Industry: Bitcoin, Blockchain, Finance, FinTech
Founders: Benjamin Reeves, Nicolas Cary, Peter Smith
Founding year: 2011
Total equity funding raised: $190.0M
