This week’s UK tech funding deals include maritime defence firm Kraken Technology, fintech startup Stoa and more.
UKTN tracked £238.75m worth of UK tech investment this week (6 July to 10 July), a 297% week-on-week increase across 10 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Kraken Technology – £130m
Sector: Defence Tech
HQ: Fareham
Round: Series B
Investors: DTCP, British Business Bank, NATO Innovation Fund (NIF), Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital, National Security Strategic Investment Fund (NSSIF), SmartCap, Notion Capital and Speedinvest
Founded in 2014, Kraken Technology specialises in uncrewed autonomous maritime platforms.
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Alchemab Therapeutics – £25m
Sector: Health tech
HQ: London
Round: Series A Extension
Investors: (Round extension backed by existing and fresh life sciences capital)
Founded in 2019, Alchemab Therapeutics isolates naturally occurring protective antibodies from resilient patient cohorts to develop specialised immunotherapies targeting neurodegenerative diseases and hard-to-treat cancers.
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Axle Energy – £20m
Sector: Energy
HQ: London
Round: Series A
Investors: Energize Capital, Accel, Picus Capital and Eka Ventures
Founded in 2023, Axle Energy develops virtual power plant (VPP) software that aggregates distributed home assets.
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Fleek – £18.7m
Sector: Fashion Tech
HQ: London
Round: Series B
Investors: Burda Principal Investments, eBay, FJ Labs, H14, Andreessen Horowitz, HV Capital and Y Combinator
Founded in 2022, Fleek utilises a custom vision-language AI model named Fleek Sort to automatically identify, grade, and catalogue bulk second-hand clothing within global sorting hubs.
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Dogtooth Technologies – £14m
Sector: Agtech
HQ: Cambridge
Round: Growth Capital
Investors: 24Haymarket, EMV Capital, ACF Investors, Innovate UK and Kineo Finance
Founded in 2014, Dogtooth Technologies manufactures “embodied AI” autonomous fruit-harvesting robots.
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HIVE – £11.2m
Sector: Robotics
HQ: London
Round: Seed
Investors: SuperSeed, Veriten, Skyfall, Nysnø and angels
Founded in 2025, HIVE builds a “silicon brain” intelligence layer that unifies hardware operations to help industrial machinery safely perceive, navigate, and act independently across active warehouses and production sites.
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Worldmodeldata – £7m
Sector: AI
HQ: Cambridge
Round: Seed
Investors: Iona Star Capital
Founded in 2026, Worldmodeldata aggregates and structures high-fidelity, action-conditioned training datasets to help frontier AI labs train predictive world models.
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Kord – £6.4m
Sector: Fintech
HQ: London
Round: Series A
Investors: Guinness Ventures, Beringea, SFC Capital and angels
Founded in 2024, Kord unifies identity verification, document signing, compliance monitoring, and anti-money laundering (AML) controls into an integrated digital onboarding and payment stack.
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TaiSan – £4.65m
Sector: Energy
HQ: Cambridge
Round: Seed
Investors: Eos Advisory, Midlands Engine Investment Fund II (via Mercia Ventures), AFI Ventures, EverQuest Capital Partners, Adeline Arts & Science, Techmind, InnoEnergy, TSP Ventures, Exergon, Innovate UK and angels
Founded in 2022, TaiSan develops lightweight and compact sodium-ion batteries.
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Stoa – £1.8m
Sector: Fintech
HQ: London
Round: Pre-seed
Investors: Bespokeist Partners, Ingenii Capital, Force Over Mass Capital, Fuel Ventures and angels
Founded in 2024, Stoa is building a behavioural-led cash management platform.
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