Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during Q2. I have included some additional information as well such as industry, founding year, brief funding description, founders, total funding raised, to further the analysis of 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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
9. Codat $100.0M
Round: Series C
Description: Codat is the universal API for small business data. Founded by Alex Cardona, David Hoare, and Peter Lord in 2017, Codat has now raised a total of $156.1M in total equity funding and is backed by Shopify, Plaid, Tiger Global Management, PayPal Ventures, and Acequia Capital (AceCap).
Investors in the round: Canapi Ventures, Index Ventures, JPMorgan Partners (JPMP), PayPal Ventures, Plaid, Shopify
Month of funding: June
Industry: Developer APIs, Financial Services, FinTech, Software
Founders: Alex Cardona, David Hoare, Peter Lord
Founding year: 2017
Total equity funding raised: $156.1M
London TechWatch’s exclusive coverage of this round: Codat Raises $100M to Empower Financial Institutions and Fintech Innovators to Deliver Better Capabilities and Customer Experience by Integrating Small Business Data Seamlessly
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
8. Modulr £83.0M
Round: Series C
Description: Modulr is a fintech company that provides a payments as a service API for digital businesses. Founded by Cyrus Wadia, Jakub Zmuda, Kevin Hayes, Martin Threakall, Myles Stephenson, and Ritesh Tendulkar in 2015, Modulr has now raised a total of $170.3M in total equity funding and is backed by PayPal Ventures, General Atlantic, Highland Europe, Frog Capital, and Blenheim Chalcot.
Investors in the round: Blenheim Chalcot, Frog Capital, General Atlantic, Highland Europe, PayPal Ventures
Month of funding: May
Industry: Financial Services, FinTech, Mobile Payments, Payments
Founders: Cyrus Wadia, Jakub Zmuda, Kevin Hayes, Martin Threakall, Myles Stephenson, Ritesh Tendulkar
Founding year: 2015
Total equity funding raised: $169.1M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
7. Carbon Clean Solutions £121.0M
Round: Series C
Description: Carbon Clean Solutions develops CO2 separation technology designed for industrial and gas treating applications. Founded by Aniruddha Sharma and Prateek Bumb in 2009, Carbon Clean Solutions has now raised a total of $200.2M in total equity funding and is backed by US Department of Energy, Chevron, Samsung Ventures, Saudi Aramco Energy Ventures, and Marubeni.
Investors in the round: AXA Investment Managers, BloombergNEF, Cemex Ventures, Chevron, Marubeni, Samsung Ventures, Saudi Aramco Energy Ventures, TC Energy, WAVE Equity Partners
Month of funding: May
Industry: CleanTech, Oil and Gas, Pollution Control
Founders: Aniruddha Sharma, Prateek Bumb
Founding year: 2009
Total equity funding raised: $200.2M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
6. Pollen $150.0M
Round: Series C
Description: Pollen is an invite-only marketplace, using influencer marketing for experiences and events.
Investors in the round: BACKED VC, Kindred Capital, Lansdowne Partners, Molten Ventures, Northzone, Sienna Capital
Month of funding: April
Industry: Events, Marketing, Marketplace, Ticketing, Travel
Founders: Callum Negus-Fancey, Liam Negus-Fancey
Founding year: 2014
Total equity funding raised: $238.5M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
6. Splend $150.0M
Round: Venture
Description: Splend provides eco-friendly and affordable cars to on-demand drivers, so they can focus on earning an income.
Investors in the round: Pollen Street Capital
Month of funding: April
Industry: Automotive, Leasing, Sharing Economy, Transportation
Founders: Chris King
Founding year: 2015
Total equity funding raised: $160.2M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
5. Thought Machine $160.0M
Round: Series D
Description: Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking. Founded by Paul Taylor in 2014, Thought Machine has now raised a total of $562.8M in total equity funding and is backed by Eurazeo, Temasek Holdings, Morgan Stanley, Molten Ventures, and Nyca Partners.
Investors in the round: Eurazeo, ING Ventures, Intesa Sanpaolo, JPMorgan Chase & Co., Lloyds Banking Group, Morgan Stanley, SEB (Skandinaviska Enskilda Banken), Temasek Holdings
Month of funding: May
Industry: Banking, Enterprise Software, Financial Services, FinTech, IT Infrastructure
Founders: Paul Taylor
Founding year: 2014
Total equity funding raised: $562.8M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
4. Starling Bank £130.5M
Round: Series D
Description: Starling Bank is a mobile banking platform that offers personal, joint, and business accounts.
Investors in the round: Fidelity Management and Research Company, Goldman Sachs, Harald McPike, Qatar Investment Authority, RPMI Railpen
Month of funding: April
Industry: Banking, Financial Services, FinTech
Founders: Anne Boden
Founding year: 2014
Total equity funding raised: $955.7M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
3. Paddle $200.0M
Round: Series D
Description: Paddle offers SaaS companies a completely different approach to their payments infrastructure. Founded by Christian Owens and Harrison Rose in 2012, Paddle has now raised a total of $293.3M in total equity funding and is backed by Silicon Valley Bank, Kindred Capital, Kohlberg Kravis Roberts, Notion Capital, and Business Growth Fund.
Investors in the round: 83North, FTV Capital, Kindred Capital, Kohlberg Kravis Roberts, Notion Capital
Month of funding: May
Industry: Apps, B2B, FinTech, Internet, Payments, SaaS, Software
Founders: Christian Owens, Harrison Rose
Founding year: 2012
Total equity funding raised: $293.3M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
2. Multiverse $220.0M
Round: Series D
Description: Multiverse is a tech startup that matches talent who have not graduated from college with apprenticeship opportunities. Founded by Euan Blair and Sophie Adelman in 2016, Multiverse has now raised a total of $414.0M in total equity funding and is backed by General Catalyst, GV, Village Global, Haystack, and StepStone Group.
Investors in the round: Audacious Ventures, Bond, D1 Capital Partners, Founders Circle Capital, General Catalyst, GV, Haystack, Index Ventures, Lightspeed Venture Partners, StepStone Group
Month of funding: June
Industry: Career Planning, Corporate Training, EdTech, Training
Founders: Euan Blair, Sophie Adelman
Founding year: 2016
Total equity funding raised: $414.0M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
1. SumUp €590.0M
Round: Venture
Description: SumUp is a financial technology company that enables businesses to accept card payments at the Point-of-Sale or on the go. Founded by Jan Deepen, Marc-Alexander Christ, Petter Made, and Stefan Jeschonnek in 2011, SumUp has now raised a total of $684.9M in total equity funding and is backed by Groupon, Temasek Holdings, BlackRock, Goldman Sachs, and btov Partners.
Investors in the round: Bain Capital Tech Opportunities, BlackRock, btov Partners, Centerbridge Partners LP, Crestline, FIN Capital, Sentinel Capital Partners
Month of funding: June
Industry: Credit Cards, Financial Services, FinTech, Mobile Payments, Point of Sale
Founders: Jan Deepen, Marc-Alexander Christ, Petter Made, Stefan Jeschonnek
Founding year: 2011
Total equity funding raised: $682.2M
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 strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the London business community and beyond. Learn more about how a digital campaign will return your investment here.
