Weekly Soak 🧼 17 Feb 2025

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

Jesse Heasman
February 17, 2025

Lines open: Proxymity raises a £20m growth round for its shareholder communications platform

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 we’re 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.

Last week over £220m was deployed across 16 rounds. Catch up below ⤵️

<£0.5m

CCI Photonics raises £100k from LYVA Labs to develop rapid UTI diagnostic test

🌎 Warrington, United Kingdom 📈 Pre-seed ⚙️ Medical

Money Squirrel lands £185k pre-seed from the Lazaroo-Hood family office to help SMEs save for their tax payments

🌎 Berkshire, United Kingdom 📈 Pre-seed ⚙️ Fintech

Distil.ai raises £350k from The FSE Group to help firms transform raw data into actionable business intelligence

🌎 Exeter, United Kingdom 📈 Funding ⚙️ AI

Applied Monitoring secures £500k from Mercia Ventures for its non-invasive blood testing technology

🌎 Sunderland, United Kingdom 📈 Funding ⚙️ Fitness

£0.5 ➡️ 1m

E-Money Markets raises £700k pre-seed led by CH-1 Investment Group to transform SME FX and international payments

🌎 London, United Kingdom 📈 Pre-seed ⚙️ Payments

£1 ➡️ 2m

Arcube secures £1.2m seed funding from Fuel Ventures and Oxford Capital to disrupt airline loyalty schemes

🌎 Manchester, United Kingdom 📈 Seed ⚙️ Travel

Noxus raises £1.2m pre-seed led by SFC Capital to help enterprises build AI workforces

🌎 London, United Kingdom 📈 Pre-seed ⚙️ AI

£2 ➡️ 5m

Renew Risk secures £5 million Series A funding led by Molten Ventures for renewable energy risk modelling

🌎 London, United Kingdom 📈 Series A ⚙️ Energy

£10 ➡️ 20m

Plain raises £12m Series A led by Battery Ventures to build the future of B2B customer support

🌎 London, United Kingdom 📈 Series A ⚙️ Customer experience

Proxymity raises £20m in growth funding from major banks to expand its investor communication platform

🌎 London, United Kingdom 📈 Growth ⚙️ Fintech

£20 ➡️ 50m

Validus secures £35m growth equity investment from FTV Capital for its risk management solutions

🌎 London, United Kingdom 📈 Growth ⚙️ Risk management

Latent Labs raises £40m Series A led by Radical Ventures and Sofinnova Partners to advance AI protein design

🌎 London, United Kingdom 📈 Series A ⚙️ Biotechnology

>£100m

Revving raises £107m led by DWS to solve adtech cash flow crisis with innovative invoice factoring

🌎 London, United Kingdom 📈 Growth ⚙️ Advertising

🔒 Undisclosed

Restrata secures growth investment from Scottish Equity Partners to expand its resilienceOS platform

🌎 London, United Kingdom 📈 Growth ⚙️ Security

OneID secures funding led by ACF Investors to expand bank-verified digital identity services

🌎 London, United Kingdom 📈 Funding ⚙️ Security

Pill Connect secures funding from Praetura to scale smart pill tracking device for clinical trials

🌎 Manchester, United Kingdom 📈 Funding ⚙️ Life sciences

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