Weekly Soak 🧼 09 Dec 2024

AUAR secures £340k Innovate UK grant to scale timber housing construction platform
⚙️ Construction
📈 Grant
🤝 Innovate UK
🔗 AUAR

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

Briefcase raises £2.4m seed led by Earlybird to bring the next-generation of AI-native accounting automation to bookkeepers and accountants
⚙️ Finance
📈 Seed
🤝 Earlybird; Entrepreneur First; Tiny; Various angels
🔗 Briefcase

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

Netacea raises a further £4m from Mercia Ventures to step up battle against the bots
⚙️ Cybersecurity
📈 Funding
🤝 Mercia Ventures
🔗 Netacea

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

Adventure travel scale-up Much Better Adventures raises £5m from Gresham House Ventures
⚙️ Travel
📈 Funding
🤝 Gresham House Ventures
🔗 Much Better Adventures

BP Ventures and Energy Impact Partners invest £20m into valve and regulator innovator Oxford Flow
⚙️ Energy
📈 Series C
🤝 BP Ventures; Energy Impact Partners
🔗 Oxford Flow

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

Zopa raises £68m to launch flagship current account and GenAI proposition in 2025
⚙️ Fintech
📈 Growth
🤝 A.P. Moller Holding
🔗 Zopa