Weekly Soak 🧼 18 Nov 2024

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

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

The Soapbox platform helps founders and companies - whatever stage, sector or surrounding hype - publish a golden source of their fundraise online in a simple and digestible format for onward sharing (think the BusinessWire for venture).

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

That’s enough navel-gazing. On to last week’s bumper crop of 19 funding rounds split by deal size.

<£0.5m

£0.5 ➡️ 1m

Imperial spinout MintNeuro raises £1m to advance neural implants with semiconductor technology
⚙️ Medical
📈 Seed
🤝 Empirical Ventures; Imperial College Enterprise Fund; MedTech SuperConnector
🔗 MintNeuro

£1 ➡️ 2m

Run coaching app Coopah raises £1.5m seed from Redrice Ventures and Active Partners to bring the medicine of running to the masses
⚙️ Fitness
📈 Seed
🤝 Redrice Ventures; Active Partners; London Marathon Events; Amrock Ventures; Various angels
🔗 Coopah

Paloma Health raises £2m led by Triple Point Ventures to tackle NHS waiting lists for autism assessments
⚙️ Health
📈 Pre-seed
🤝 Triple Point Ventures; Heal Capital; Various angels
🔗 Paloma Health

£2 ➡️ 5m

Architectural visualisation platform Gendo raises £4.3m seed round lead by PT1 and LEA Partners
⚙️ Design
📈 Seed
🤝 PT1; LEA Partners; Concept Ventures; Helm Capital
🔗 Gendo

£5 ➡️ 10m

Naturbeads lands £8m Series A led by EOS to tackle microplastic pollution with sustainable cellulose microspheres
⚙️ Sustainability
📈 Series A
🤝 EOS Advisory; Progress Tech Transfer; CDP Venture Capital; PI-NB; Paragon Ventures
🔗 Naturbeads

£10 ➡️ 20m

Cogna raises £12m Series A led by Notion to revolutionise enterprise software with AI
⚙️ ERP
📈 Series A
🤝 Notion Capital; Hoxton Ventures; Chalfen Ventures
🔗 Cogna

Expert insights platform Arbolus closes £16m Series B to fund US growth
⚙️ Expert networks
📈 Series B
🤝 Kayne Anderson Partners; Composition Capital
🔗 Arbolus

Bain Capital Ventures leads £18m Series A in Northflank revolutionising app and database deployments
⚙️ DevOps
📈 Series A
🤝 Bain Capital Ventures; Vertex Ventures; Kindred Ventures; Tapestry VC; Pebblebed; Uncorrelated Ventures
🔗 Northflank

£50 ➡️ 100m

Index and Accel lead £100m Series A for Tessl to reshape how software is built and maintained
⚙️ Software infrastructure
📈 Series A
🤝 Index; Accel; boldstart; GV; Picus Capital
🔗 Tessl

>£100m

Citi and Waterfall Asset Management lead £200m debt funding for Iwoca to expand its SME loan offering
⚙️ Fintech
📈 Debt financing
🤝 Citi; Waterfall Asset Management
🔗 Iwoca

🔒 Undisclosed

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