- UK tech funding roundup: Deals from Mimo to Avenir
- £42.4m tech funding tracked this week, 18% decline
- Mimo offers financial tools for SMEs to simplify processes
- Waymap is a navigation app for the visually impaired
- Other deals include Log my Care, Pactio, Veremark, Neurovalens, Clyde Hydrogen
UK Tech Funding Roundup: Exploring the Latest Deals from Mimo to Avenir
In the dynamic landscape of UK tech funding, this week brought forth a diverse array of deals, ranging from financial management platforms to innovative health tech solutions. Let’s delve into the details of the latest investments in the UK tech startup scene.
Mimo: Revolutionizing SME Financial Management
One of the standout ventures in this week’s tech funding roundup is Mimo, a financial management platform tailored for SMEs. Founded in 2023, Mimo aims to streamline the complex and fragmented financial processes faced by small and medium-sized enterprises. This week, Mimo secured a significant round of funding, with investors like Northzone, Cocoa Ventures, Seedcamp, Upfin VC, and notable angels from Stripe, GoCardless, Wayflyer, and Anyfin showing their support.
Waymap: Navigating Accessibility with Innovation
Another noteworthy development is the funding received by Waymap, a navigation app designed for individuals with visual impairments. Established in 2017, Waymap focuses on addressing the accessibility needs of the visually impaired community through its innovative navigation solutions. With support from investors such as TELUS’ Pollinator Fund, Venrex, and Comprador Holdings, Waymap is poised to make a significant impact in the mobility sector.
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Log my Care: Transforming Healthcare through Digital Solutions
In the health tech realm, Log my Care emerged as a key player with its platform that enables carers to efficiently record patient notes, access medical records, and receive reminders via mobile notifications. Founded in 2017, Log my Care recently secured a Series A extension round of funding, with Mercia Ventures backing its growth trajectory. The platform’s focus on enhancing care delivery underscores the importance of digital solutions in modern healthcare practices.
Avenir: Pioneering Sustainability in Wealth Management
Avenir, a promising player in the fintech sector, made waves this week with its wealth management software that emphasizes regulatory compliance and sustainability metrics. Launched in 2023, Avenir offers businesses a platform to access regulatory compliance reports and evaluates their sustainability practices. Backed by investors like SFC Capital, Techstars, and a cohort of angel investors, Avenir is poised to redefine wealth management practices with its innovative approach.
The recent funding rounds in the UK tech sector showcase a diverse range of innovations and solutions across various industries. From financial management platforms like Mimo to cutting-edge health tech ventures like Log my Care, these startups are charting new territories and pushing the boundaries of technological advancement. With continued support from investors and the entrepreneurial spirit driving these endeavors, the future of UK tech funding appears bright and full of promise.
Links to additional Resources: 1. https://www.mimo.co.uk/ 2. https://www.waymap.ai/ 3. https://www.uktech.news/