- UK tech funding deals this week include CN Bio, Treefera, and PeppercornAI
- £45m worth of tech funding deals tracked by UKTN, a 77% week-on-week decrease
- CN Bio specializes in organ-on-chip tech for drug discovery
- Treefera provides forest mapping data for the carbon offset industry
- PeppercornAI offers a conversational AI tool for insurance purchases
UK Tech Funding Roundup: Diving into This Week’s Deals
In the dynamic landscape of the UK tech industry, funding plays a crucial role in driving innovation and growth. This week, a variety of tech startups secured funding across different sectors, showcasing the diversity and potential of the UK tech scene. Let’s delve into some of the notable deals that took place, from drug discovery to AI forest mapping.
CN Bio: Pioneering Drug Discovery with Series B Funding
Kicking off our roundup is CN Bio, a pioneering drug discovery company based in Cambridge. This week, CN Bio secured Series B funding through equity investment from Bayland Capital and CN Innovations Holdings. Specializing in organ-on-chip technology, CN Bio mimics human physiology by growing tissues inside chips. Founded in 2008, CN Bio has been at the forefront of advancing drug discovery processes, making significant strides in the health tech sector.
Treefera: Revolutionizing Climate Tech with Series A Funding
In the realm of climate tech, London-based Treefera made waves with its Series A funding round. Founded in 2022, Treefera leverages AI to provide forest mapping data for the carbon offset industry. AlbionVC’s equity investment has bolstered Treefera’s mission to drive sustainability and environmental impact through innovative technological solutions.
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PeppercornAI: Transforming Insurtech with Seed Funding
Moving on to the insurtech sector, Cardiff-based PeppercornAI secured seed funding from Wealth Club, EHE, and Angels Invest Wales. Founded in 2020, PeppercornAI offers a conversational artificial intelligence tool that simplifies the insurance buying process. By guiding individuals through insurance purchases, PeppercornAI is reshaping the landscape of insurtech with its innovative approach.
Sorted: Innovating Climate Tech Solutions with Seed Funding
Last but not least, London’s Sorted made significant strides in the climate tech sector with its recent seed funding round. Established in 2022, Sorted’s technology utilizes computer vision and spectroscopy to identify recyclable items at waste facilities. With investments from Pi Labs, Archipelago Ventures, and other key players, Sorted is driving sustainability efforts by enhancing the efficiency of waste management processes.
This week’s UK tech funding roundup reflects the vibrancy and innovation present in the country’s tech ecosystem. From health tech to climate tech and beyond, startups are pushing boundaries and securing crucial funding to propel their groundbreaking ideas forward. As we witness the evolution of technology across various sectors, these funding deals serve as testaments to the UK’s position as a hub for tech innovation and investment.
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