London’s startup ecosystem closed February 2026 with a landmark month headlined by a $1.2B raise — one of the largest single rounds in European tech history. Drawing on CrunchBase data, we break down the month’s biggest equity funding deals — from a £19M identity verification platform to an autonomous driving giant backed by NVIDIA, Microsoft, and SoftBank — with full context on each company’s founders, investors, and funding history to give a fuller picture of where venture capital in London is flowing.
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9. Veremark £19.0M
Round: Series B
Description: Veremark provides digital identity verification and background screening solutions for businesses. Founded by Angus Bankes, Daniel Braithwaite, Daniel Callaghan, and Nick Johnston in 2018, Veremark has now raised a total of £30.6M in total equity funding and is backed by Samaipata, SFC Capital, Stage 2 Capital, Salica, and Gresham House Ventures.
Investors in the round: ACF Investors, Gresham House Ventures, Samaipata, Stage 2 Capital
Industry: Energy, Finance, FinTech, Human Resources, Information Technology, Outsourcing, Recruiting, Staffing Agency
Founders: Angus Bankes, Daniel Braithwaite, Daniel Callaghan, Nick Johnston
Founding year: 2018
Total equity funding raised: £30.6M
8. OneDome £25.0M
Round: Series C
Description: OneDome is an eHomeBuying platform that digitizes the home buying and selling process. Founded by Babek Ismayil in 2016, OneDome has now raised a total of £48.2M in total equity funding and is backed by The Future Fund, Channel 4 Ventures, Nour Nouf Ventures, David Giampaolo, and Lord David Alliance.
Investors in the round: Channel 4 Ventures
Industry: FinTech, Marketplace, Real Estate
Founders: Babek Ismayil
Founding year: 2016
Total equity funding raised: £48.2M
7. SatVu £30.0M
Round: Venture
Description: SatVu 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, SatVu has now raised a total of £71.3M in total equity funding and is backed by British Business Bank, Lockheed Martin Ventures, Ridgeline, Presto Ventures, and National Science Foundation.
Investors in the round: Adara Ventures, British Business Bank, Lockheed Martin Ventures, Molten Ventures, NATO Innovation Fund, noa, Presto Ventures, Ridgeline, Seraphim Space, SPARX Asset Management, Stellar Ventures
Industry: Aerospace, Analytics, Geospatial
Founders: Anthony Baker, Simon Tucker, Tobias Reinicke
Founding year: 2016
Total equity funding raised: £71.3M
6. FYLD £32.0M
Round: Series B
Description: FYLD is a frontline intelligence platform delivering actionable insights for the global infrastructure sector. Founded by Anish Patel, Karl Simons, and Shelley Copsey in 2020, FYLD has now raised a total of $87.9M in total equity funding and is backed by NatWest Group, Partech, Ontario Teachers’ Pension Plan, Energy Impact Partners, and The Boston Consulting Group.
Investors in the round: Energy Impact Partners, Ontario Teachers’ Pension Plan, Partech
Industry: Artificial Intelligence (AI), Civil Engineering, Infrastructure, Productivity Tools, Public Safety, Real Time, Software
Founders: Anish Patel, Karl Simons, Shelley Copsey
Founding year: 2020
Total equity funding raised: $87.9M
5. Artificial Labs £33.0M
Round: Series B
Description: Artificial Labs provides software that supports digital placement and underwriting workflows for specialty and commercial insurance. Founded by David King and Johnny Bridges in 2013, Artificial Labs has now raised a total of £53.7M in total equity funding and is backed by 6 Degrees Capital, CommerzVentures, Alma Mundi Ventures, Augmentum Fintech, and Force Over Mass Capital.
Investors in the round: 6 Degrees Capital, Augmentum Fintech, CommerzVentures, Force Over Mass Capital, Move Capital, TrueSight Ventures
Industry: Artificial Intelligence (AI), FinTech, Insurance, InsurTech, Machine Learning, Software
Founders: David King, Johnny Bridges
Founding year: 2013
Total equity funding raised: £53.7M
4. Lawhive $60.0M
Round: Series B
Description: Lawhive connects clients with solicitors through an online legal services platform. Founded by Flinn Dolman, Jaime van Oers, and Pierre Proner in 2019, Lawhive has now raised a total of $114.2M in total equity funding and is backed by TQ Ventures, Oraseya Capital, Episode 1, Balderton Capital, and Google Ventures.
Investors in the round: Anton Levy, Balderton Capital, Google Ventures, Jigsaw, Lts, Mitch Rales, TQ Ventures
Industry: Artificial Intelligence (AI), Legal Tech, SaaS
Founders: Flinn Dolman, Jaime van Oers, Pierre Proner
Founding year: 2019
Total equity funding raised: $114.2M
3. Allica Bank $155.0M
Round: Series D
Description: Allica Bank is a fintech bank providing digital banking services tailored for small and medium-sized businesses. Founded by Jason Scott in 2017, Allica Bank has now raised a total of $477.3M in total equity funding and is backed by Blue Owl, TCV, GLG, Sona Asset Management, and Atalaya Capital.
Investors in the round: Blue Owl, GLG, Sona Asset Management, TCV, Ventura Capital
Industry: Banking, Finance, Financial Services, FinTech
Founders: Jason Scott
Founding year: 2017
Total equity funding raised: $477.3M
2. OLIX $220.0M
Round: Series A
Description: OLIX designs optical AI accelerators using light-based processors to support high-performance training and inference for large AI models. Founded by James Dacombe in 2024, OLIX has now raised a total of $250.0M in total equity funding and is backed by Octopus Ventures, LocalGlobe, Entrepreneurs First, Vertex Ventures, and Crane Venture Partners.
Investors in the round: Crane Venture Partners, Entrepreneurs First, Fundomo, Hummingbird Ventures, LocalGlobe, Plural Platform, Transition, Vertex Ventures
Industry: Artificial Intelligence (AI), Hardware, Machine Learning, Manufacturing, Optical Communication
Founders: James Dacombe
Founding year: 2024
Total equity funding raised: $250.0M
1. Wayve $1.2B
Round: Series D
Description: Wayve develops AI-driven autonomous driving technology powered by end-to-end deep learning models that enable vehicles to navigate complex urban environments. Founded by Alex Kendall, Amar Shah, and Jeff Hawke in 2017, Wayve has now raised a total of $2.5B in total equity funding and is backed by NVIDIA, British Business Bank, Eclipse Ventures, Schroders Capital, and Icehouse Ventures.
Investors in the round: Baillie Gifford, Balderton Capital, British Business Bank, Eclipse Ventures, Icehouse Ventures, Mercedes-Benz Group AG, Microsoft, Nissan Motor, NVIDIA, Ontario Teachers’ Pension Plan, Schroders Capital, SoftBank Vision Fund, Stellantis, Uber
Industry: Artificial Intelligence (AI), Autonomous Vehicles, Electric Vehicle, Machine Learning
Founders: Alex Kendall, Amar Shah, Jeff Hawke
Founding year: 2017
Total equity funding raised: $2.5B
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