Weekly Soak 🧼 09 Dec 2024

The definitive round-up of venture capital fundraising news | 🇬🇧 edition

Author

Jesse Heasman
December 09, 2024

Welcome to Weekly Soak by Soapbox - the newsletter that covers every funding round announced in the last 7 days.

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🎄 December has kicked off with 14 funding rounds - split by deal size below ⤵️

<£0.5m

£1 ➡️ 2m

Wexler announces £1.1m pre-seed as leading law firms adopt its AI legal fact intelligence platform
⚙️ Legal
📈 Pre-seed
🤝 Myriad Venture Partners; Entrepreneur First; Various angels
🔗 Wexler AI

Newcells raises further £1.2m funding for laboratory models that speed up drug development
⚙️ Biotechnology
📈 Funding
🤝 Mercia Ventures; Northstar Ventures; North East Finance
🔗 Newcells

£2 ➡️ 5m

Stackfix raises £2.4m seed led by Chalfen Ventures to build the ultimate software comparison platform
⚙️ Procurement
📈 Seed
🤝 Chalfen Ventures; Seedcamp; helloworld; Various angels
🔗 Stackfix

Cerve secures £3.5m seed round led by SuperSeed to revolutionise food industry data exchange
⚙️ Food & beverage
📈 Seed
🤝 SuperSeed; Zenith Ventures; Ponderosa Ventures; The First Thirty
🔗 Cerve

Insurtech Jove secures £3.6m in seed funding to transform insurance for contractors and small businesses
⚙️ Insurance
📈 Seed
🤝 Explorer Investments; Seed X; Love Ventures; Portfolio Ventures; New Alpha Asset Management; Exceptional Ventures; Start Ventures
🔗 Jove

Oncology medical tech startup 52North secures £5m with landmark UK-US hospital VC deal
⚙️ Medical
📈 Funding
🤝 KHP Ventures; Cedars-Sinai Intellectual Property Co.; OKG Capital; Cambridge Enterprise Ventures; Cancer Research Horizons; Macmillan Cancer Support
🔗 52North

£10 ➡️ 20m

£20 ➡️ 50m

GV and TQ Ventures lead £30m Series A for Lawhive to bring AI-powered legal tech to law firms in the US
⚙️ Legal
📈 Series A
🤝 GV; TQ Ventures; Balderton Capital; Jigsaw; Episode 1
🔗 Lawhive

9fin raises £40m Series B led by Highland Europe to build next generation of debt capital markets technology
⚙️ Fintech
📈 Series B
🤝 Highland Europe; Spark Capital; Redalpine; Seedcamp; 500 Startups; Ilavska Vuillermoz Capital
🔗 9fin

£50 ➡️ 100m

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