Weekly Soak 🧼 10 Feb 2025

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

Jesse Heasman
February 10, 2025

Petri chic: Modern Synthesis raises funding for its bacteria-grown alternatives to leather

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

Soapbox helps founders and companies - whatever stage, sector or surrounding hype - publish a golden source of their fundraise online in a digestible format for onward sharing.

And allows the rest of us - whether future investors, hires or clients - to catch-up on the latest venture stories in a simple feed and newsletter without the usual clickbait or paywall.

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Last week was a relatively quiet one with 8 companies securing over £65m in funding. Catch up below ⤵️

£1 ➡️ 2m

Shopblocks raises £2m from Mercia Ventures and rebrands to Symphony Commerce for its digital commerce solutions

🌎 Stockport, United Kingdom 📈 Funding ⚙️ Ecommerce

£2 ➡️ 5m

Semeris raises £3.5m in funding led by Puma Growth Partners to expand legal AI platform

🌎 London, United Kingdom 📈 Funding ⚙️ Legal

Modern Synthesis raises £4.5m seed extension led by Extantia to scale biomaterials for fashion

🌎 London, United Kingdom 📈 Seed ⚙️ Fashion

Astral Systems raises £4.5m led by Speedinvest and Playfair to scale compact fusion reactors for medical isotopes

🌎 Bristol, United Kingdom 📈 Funding ⚙️ Medical

Blackdot Solutions raises £4.5m led by Maven to scale AI-powered intelligence and investigations platform

🌎 Cambridge, United Kingdom 📈 Funding ⚙️ Cybersecurity

£5 ➡️ 10m

Fimple raises £10m Series A led by DN Capital to scale its cloud-native core banking platform

🌎 London, United Kingdom 📈 Series A ⚙️ Fintech

£10 ➡️ 20m

IONATE raises £14m Series A led by AlbionVC to modernise electrical grids with smart transformers

🌎 London, United Kingdom 📈 Series A ⚙️ Energy

£20 ➡️ 50m

Salience Labs raises £24m Series A led by ICM HPQC and Applied Ventures to advance AI datacenter connectivity

🌎 Oxford, United Kingdom 📈 Series A ⚙️ Software infrastructure

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