Thursday, May 30, 2024

UK tech funding roundup: This week’s deals from SumUp to Pollen Careers

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This week’s UK tech funding deals include fintech giant SumUp, digital-only AI-powered insurance provider Urban Jungle, quantum computing specialist Riverlane and more.

UKTN tracked £1.44bn worth of UK tech investment this week (29 April to 3 May), a 3,011% week-on-week increase across 17 funding deals. This surge is skewed by the £1.28bn in debt financing secured by SumUp. Excluding this, UK tech funding increased by 256% week over week.

Here’s your weekly roundup of UK tech startup funding deals.

SumUp – £1.28bn

Sector: Fintech

HQ: London

Round: Debt financing

Funding type: Debt

Investors: Goldman Sachs, AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners and funds managed by BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, and Temasek….

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