With so much going on in the thriving London Tech ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in London Tech News for the week ending 8/2 featuring news for ElevenLabs, Ionate, Fimple, and much, much more.
ElevenLabs – $180M Venture
AI/VOICE TECH
The AI-powered voice replication startup has raised $180M in Venture funding led by ICONIQ Growth and Andreessen Horowitz. Founded by Mati Staniszewski and Piotr Dabkowski in 2022, ElevenLabs has now raised a total of $281M in reported equity funding.
Ionate – $17M Series A
SMART GRID/CLEANTECH
The smart grid technology platform has raised $17M in Series A funding led by AlbionVC. Founded by Luca Mezossy-Dona, Matthew Williams, and Roberto Ricci in 2019, Ionate has now raised a total of $21M in reported equity funding.
Fimple – $12M Series A
FINTECH
The core banking system for financial institutions has raised $12M in Series A funding led by DN Capital. Founded by Abdurrahman Cinar and Mucahit Gundebahar in 2022, Fimple has now raised a total of $17.5M in reported equity funding.
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Modern Synthesis – $5.5M Venture
BIOTECH/MATERIALS
The bio-based textile material startup has raised $5.5M in Venture funding led by Extantia Capital. Founded by Ben Reeve and Jen Keane in 2019, Modern Synthesis has now raised a total of $9.6M in reported equity funding.
Rho Labs – $4M Seed
BLOCKCHAIN/FINTECH
The professional-grade, on-chain interest rates derivatives market has raised $4M in Seed funding led by CoinFund. Founded by Alex Ryvkin in 2022, Rho Labs has now raised a total of $6.2M in reported equity funding.
Fern Labs – $3M Pre-Seed
AI/ENTERPRISE SOFTWARE
The AI agent deployment engine has raised $3M in Pre-Seed funding led by Air Street Capital. Founded by Alex Goddijn, Ash Edwards, and Taylor Young in 2024.
