This week’s UK tech funding deals include AI hyperscaler Nscale, crop gene editing group Tropic and more.
UKTN tracked £1.64bn worth of UK tech investment this week (9 March to 13 March), a 1,553% week-on-week increase, driven heavily by the enormous round raised by Nscale, across six funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Nscale – £1.5bn
Sector: Data centres
HQ: London
Round: Series C
Investors: Aker ASA, 8090 Industries, Nvidia, Dell Technologies, Lenovo, Citadel, Jane Street, Nokia and Point72
Founded in 2023, Nscale is a hyperscaler that develops data centres specialised for AI.
Read more
Tropic – £79.2m
Sector: Agtech
HQ: Norwich
Round: Series C
Investors: Forbion, Corteva, Just Climate. IQ Capital, ABN Amro and Invest International, Temasek, Five Seasons Ventures, Sucden Ventures, Genoa Ventures and Polaris Partners
Founded in 2016, Tropic uses gene editing to improve the quality of tropical crops.
Read more
Isembard – £37m
Sector: Manufacturing
HQ: London
Round: Series A
Investors: Union Square Ventures
Founded in 2024, Isembard builds components for aerospace, defence and robotics.
Read more
Outpost – £13m
Sector: AI/ecommerce
HQ: London
Round: Series A
Investors: Ribbit, Better Tomorrow Ventures and angels
Founded in 2024, Outpost uses an AI model to real time update compliance information for cross border sales.
Read more
Augur – £11.2m
Sector: AI/defence
HQ: London
Round: Early VC
Investors: Plural, First Kind, SNR, Flix and Tiny VC
Founded in 2024, Augur uses AI to improve the efficacy of motion sensors and cameras for security.
Read more
Combat Medical – £2.6m
Sector: Health tech
HQ: St Albans
Round: Series A (first close)
Investors: T&J Meyer Family Foundation, NW Angel Fund and angels
Founded in 2011, Combat Medical develops medical devices to support cancer therapeutic treatments.
Read more
