Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during the month of November. 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.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
8. TreeCard €22.0M
Round: Series A
Description: Treecard is a fullstack green finance platform, allowing consumers to spend, save and invest responsibly. Founded by Gary Wu, James Cox, James Dugan, Jamie Cox, and Peter Francis in 2020, TreeCard has now raised a total of $28.9M in total equity funding and is backed by Seedcamp, EQT Ventures, Matt Robinson, Matilde Giglio, and Paul Forster.
Investors in the round: Dylan Field, Episode 1, EQT Ventures, Josh Browder, Seedcamp, Valar Ventures, World Fund
Industry: Banking, Debit Cards, Financial Services, FinTech, Sustainability
Founders: Gary Wu, James Cox, James Dugan, Jamie Cox, Peter Francis
Founding year: 2020
Total equity funding raised: $28.9M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
7. Dropit Shopping £22.2M
Round: Series C
Description: Dropit provides a digital handsfree shopping solution for malls and central shopping districts, delivering bags from store to door. Founded by Karin Cabili in 2014, Dropit Shopping has now raised a total of $49.8M in total equity funding and is backed by Tiga Investments, Vault investments, Sugarbee, Axentia, and Terry Lundgren.
Investors in the round: Axentia, Sugarbee, Terry Lundgren, Tiga Investments, Vault investments
Industry: Brand Marketing, Lifestyle, Logistics, Marketing, Rental, Retail, Retail Technology, Shopping, Shopping Mall
Founders: Karin Cabili
Founding year: 2014
Total equity funding raised: $49.8M
London TechWatch’s exclusive coverage of this round: Dropit Raises Another $25M to Unify Omnichannel Commerce Inventory
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
6. Archax $28.5M
Round: Series A
Description: Archax is a global, regulated, digital asset exchange, brokerage and custodian based in London. Founded by Andrew Flatt, Graham Rodford, and Matthew Pollard in 2018, Archax has now raised a total of $37.4M in total equity funding and is backed by Abrdn, Tezos, Alameda Research, SPiCE VC, and 7percent Ventures.
Investors in the round: Abrdn, BitRock Capital, Blockchain Coinvestors, CreditEase Fintech Investment Fund, Tezos
Industry: Financial Services
Founders: Andrew Flatt, Graham Rodford, Matthew Pollard
Founding year: 2018
Total equity funding raised: $37.4M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
5. WeGift £26.0M
Round: Series B
Description: WeGift provides a digital incentives platform to help brands engage with customers. Founded by Aron Alexander in 2016, WeGift has now raised a total of £38.4M in total equity funding and is backed by Ascension, AlbionVC, SAP.iO, Clocktower Technology Ventures, and Unilever Ventures.
Investors in the round: AlbionVC, Clocktower Technology Ventures, CommerzVentures, Element Ventures, SAP.iO, Volution
Industry: FinTech, Gift Card, Payments, SaaS, Software
Founders: Aron Alexander
Founding year: 2016
Total equity funding raised: £38.4M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
4. V7 $33.0M
Round: Series A
Description: V7 is an AI data engine to assist clients in managing datasets. Founded by Alberto Rizzoli and Simon Edwardsson in 2018, V7 has now raised a total of $43.0M in total equity funding and is backed by Ashish Vaswani, Temasek Holdings, Partech, Radical Ventures, and Amadeus Capital Partners.
Investors in the round: Air Street Capital, Amadeus Capital Partners, Ashish Vaswani, Francois Collet, Jose Valim, Oriol Vinyals, Partech, Radical Ventures, Temasek Holdings
Industry: Artificial Intelligence, Image Recognition, Machine Learning, Software
Founders: Alberto Rizzoli, Simon Edwardsson
Founding year: 2018
Total equity funding raised: $43.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
3. The Applied AI Company (AAICO) $42.0M
Round: Seed
Description: The Applied AI Company builds products to automate human processes within insurance, pharmaceutical, healthcare and government. Founded by Arya H. Bolurfrushan in 2021, The Applied AI Company (AAICO) is backed by A.R.M Holding, Prince Stefan of Liechtenstein, G42, Arya Bolurfrushan, and Plug and Play.
Investors in the round: A.R.M Holding, Arya Bolurfrushan, G42, Plug and Play, Prince Stefan of Liechtenstein
Industry: Artificial Intelligence, Insurance, Software
Founders: Arya H. Bolurfrushan
Founding year: 2021
Total equity funding raised: $42.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
2. Plend £40.0M
Round: Seed
Description: Plend is building a better way to borrow where consumers are no longer held back by credit history. Founded by James Pursaill and Robert Pasco in 2020, Plend has now raised a total of £40.8M in total equity funding and is backed by Ascension, Nationwide Building Society, Active Partners, Haatch, and Tomahawk.VC.
Investors in the round: Active Partners, Ascension, DD Venture Capital, Fair By Design Fund, Haatch, Nationwide Building Society, SIVO, Tomahawk.VC
Industry: Consumer Lending, Embedded Systems, Financial Services, FinTech, Personal Finance
Founders: James Pursaill, Robert Pasco
Founding year: 2020
Total equity funding raised: £40.8M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
1. BeZero Carbon £42.4M
Round: Series B
Description: BeZero Carbon is here to build markets and environmental assets, starting with the Voluntary Carbon Market. Founded by Tommy Ricketts and Sebastien Cross in 2020, BeZero Carbon is backed by Molten Ventures, Illuminate Financial, Hitachi Ventures, Norrsken VC, and Quantum Energy Partners.
Investors in the round: Contrarian Ventures, EDF Ventures, Hitachi Ventures, Illuminate Financial, IntercontinentalExchange, Molten Ventures, Norrsken VC, QIMA, Quantum Energy Partners
Industry: Information Services, Information Technology
Founders: Tommy Ricketts, Sebastien Cross
Founding year: 2020
Total equity funding raised: £42.4M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London Tech, NYC Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out how to run a digital campaign that will return your investment here.
