Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during the month of May. 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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11. Pledge £8.0M
Round: Series A
Description: Pledge makes it simple for businesses of every size to understand and manage the climate impact of their products. Founded by Andre Mohamed, David de Picciotto, and Thomas Lucas in 2021, Pledge has now raised a total of $14.5M in total equity funding and is backed by Breyer Capital, Lowercarbon Capital, Zinal Growth, ACE & Company, and Base Partners.
Investors in the round: ACE & Company, Base Partners, Dirk Reich, Lowercarbon Capital, Visionaries Club, Zinal Growth
Industry: Internet
Founders: Andre Mohamed, David de Picciotto, Thomas Lucas
Founding year: 2021
Total equity funding raised: $14.5M
London TechWatch’s exclusive coverage of this round: Pledge Raises $10M for its Carbon Emissions Reduction and Reporting Platform for Freight Forwarders and Logistics Companies
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10. Nivoda $11.0M
Round: Series A
Description: Nivoda is the B2B marketplace for diamonds & jewellery – the fastest, easiest and most profitable way to buy and sell diamonds Founded by Andre Woons and David Sutton in 2017, Nivoda has now raised a total of $11.0M in total equity funding and is backed by Entrepreneur First, Headline, RiverPark Ventures, Abstract Ventures, and Operator Partners.
Investors in the round: Abstract Ventures, Entrepreneur First, Headline, Operator Partners, RiverPark Ventures
Industry: Information Technology, Logistics, Marketplace, Precious Metals, Supply Chain Management
Founders: Andre Woons, David Sutton
Founding year: 2017
Total equity funding raised: $11.0M
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10. Cable $11.0M
Round: Series A
Description: Cable Tech develops a financial risk control platform that helps reduce the amount of financial crime. Founded by Katie Savitz and Natasha Vernier in 2020, Cable has now raised a total of $16.3M in total equity funding and is backed by Jump Capital, Stage 2 Capital, and CRV.
Investors in the round: CRV, Jump Capital, Stage 2 Capital
Industry: Compliance, Finance, FinTech, Information Services, Risk Management
Founders: Katie Savitz, Natasha Vernier
Founding year: 2020
Total equity funding raised: $16.3M
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9. Swapp $11.5M
Round: Series A
Description: Swapp aims to disrupt the current planning methodologies by providing an AI-driven end-to-end planning service. Founded by Adi Shavit, Eitan Tsarfati, and NOAM GAT in 2019, Swapp has now raised a total of $18.5M in total equity funding and is backed by Eurazeo, Waveline Ventures, Activum, Entree Capital, and Point72 Ventures.
Investors in the round: Activum, Entree Capital, Eurazeo, XTX Ventures
Industry: Artificial Intelligence, Big Data, Construction, Information Technology, Real Estate, Software
Founders: Adi Shavit, Eitan Tsarfati, NOAM GAT
Founding year: 2019
Total equity funding raised: $18.5M
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8. Laced $12.0M
Round: Series A
Description: Laced is an e-commerce platform that allows users to buy and sell sneakers. Founded by Chris Gibbons in 2018, Laced has now raised a total of $13.0M in total equity funding and is backed by H&M Group Ventures (Prev. H&M CO:LAB), Talis Capital, TrueSight Ventures, Bart Swanson, and B&Y Venture Partners.
Investors in the round: B&Y Venture Partners, Bart Swanson, Eric Archambeau, H&M Group Ventures (Prev. H&M CO:LAB), Talis Capital, TrueSight Ventures
Industry: E-Commerce, E-Commerce Platforms, Marketplace, Shoes
Founders: Chris Gibbons
Founding year: 2018
Total equity funding raised: $13.0M
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7. Satellite Vu £12.7M
Round: Series A
Description: Satellite Vu is an Earth observation and satellite imagery analytics company deriving insights into economic activity. Founded by Anthony Baker, Simon Tucker, and Tobias Reinicke in 2016, Satellite Vu has now raised a total of £31.3M in total equity funding and is backed by National Science Foundation, Molten Ventures, A/O PropTech, Seraphim Space, and Ridgeline Ventures.
Investors in the round: Molten Ventures
Industry: Aerospace, Analytics, Geospatial
Founders: Anthony Baker, Simon Tucker, Tobias Reinicke
Founding year: 2016
Total equity funding raised: £31.3M
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6. Adarga £17.4M
Round: Series A
Description: Adarga is an AI platform that analyses huge volumes of unstructured data at speed, unlocking actionable and insightful intelligence. Founded by Rob Bassett Cross in 2016, Adarga has now raised a total of £24.4M in total equity funding and is backed by BOKA Group Holdings I LP, Moore Strategic Ventures, and Allectus Capital.
Investors in the round: BOKA Group Holdings I LP
Industry: Analytics, Artificial Intelligence, Business Intelligence, Machine Learning, Natural Language Processing, SaaS, Software, Text Analytics
Founders: Rob Bassett Cross
Founding year: 2016
Total equity funding raised: £24.4M
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5. Brompton Bicycle £19.0M
Round: Venture
Description: Brompton Bicycle are the manufacturers of the Brompton folding bike, designed and built in their factory in West London, England. Founded by Andrew Ritchie in 1975, Brompton Bicycle has now raised a total of £19.0M in total equity funding and is backed by Business Growth Fund.
Investors in the round: Business Growth Fund
Industry: Manufacturing
Founders: Andrew Ritchie
Founding year: 1975
Total equity funding raised: £19.0M
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4. hackajob $25.0M
Round: Series B
Description: hackajob exists to bring great people together with great companies, helping them continue to drive the world forward. Founded by Mark Chaffey and Razvan Creanga in 2014, hackajob has now raised a total of $33.0M in total equity funding and is backed by Techstars, Foresight Group, Volition Capital, AXA Venture Partners, and Downing Ventures.
Investors in the round: AXA Venture Partners, Foresight Group, Volition Capital
Industry: Analytics, Human Resources, Information Technology, Recruiting, Software, Staffing Agency
Founders: Mark Chaffey, Razvan Creanga
Founding year: 2014
Total equity funding raised: $33.0M
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3. Paydock £25.0M
Round: Series A
Description: Paydock is a fintech offering orchestration solutions to financial institutions, brand retailers and non-profit organizations. Founded by Robert Lincolne in 2012, Paydock has now raised a total of £25.0M in total equity funding and is backed by IAG Silverstripe.
Investors in the round: IAG Silverstripe
Industry: Enterprise Software, Financial Services, FinTech, Payments
Founders: Robert Lincolne
Founding year: 2012
Total equity funding raised: £25.0M
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2. Funderbeam $40.0M
Round: Venture
Description: Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. Founded by Kaidi Ruusalepp and Urmas Peiker in 2013, Funderbeam has now raised a total of $59.8M in total equity funding and is backed by Startup Wise Guys, Draper Associates, Thomson Reuters, Mistletoe, and IQ Capital.
Investors in the round: Draper Associates, Kaidi Ruusalepp, Mistletoe, Venturewave Capital
Industry: Big Data, Business Intelligence, Crowdfunding, Financial Services, Trading Platform
Founders: Kaidi Ruusalepp, Urmas Peiker
Founding year: 2013
Total equity funding raised: $59.8M
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1. Builder.ai $250.0M
Round: Series D
Description: Builder.ai offers a no-code AI-powered app development platform designed to build and operate software projects. Founded by Sachin Dev Duggal and Saurabh Dhoot in 2016, Builder.ai has now raised a total of $445.0M in total equity funding and is backed by Microsoft, International Finance Corporation, Insight Partners, Jungle Ventures, and Christian Edler.
Investors in the round: ICONIQ Capital, Insight Partners, Jungle Ventures, Qatar Investment Authority
Industry: Artificial Intelligence, Developer Tools, Machine Learning, Software, Software Engineering
Founders: Sachin Dev Duggal, Saurabh Dhoot
Founding year: 2016
Total equity funding raised: $445.0M
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