In this episode of United Kingdom Tech - Weekly Deals Roundup: United Kingdom Tech saw 4 companies including KRM22, CIRCA5000 etc raised over $20 million from investors such as Trading Technologies, Puma Investments Enterprise Ireland among others.
Welcome back to United Kingdom Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in United Kingdom from last week.
In this edition, we will cover funding rounds of KRM22 and more. In exits, we will cover the acquisition of 3D Bio-Tissues by BSF Enterprise among others.
Starting with our deep dive into funding rounds, tech companies in United Kingdom raised around $20 million funding across 4 funding rounds during this week.
FinTech startup, KRM22 raised $6 million in a Seed funding round led by Trading Technologies. KRM22 is a regulatory software suite for financial institutions. KRM22's products include a risk platform for helping the firm’s regulatory and market risk challenges, KYC & AML for digital onboarding of customers, Irisium surveillance for detection of market manipulation practices across markets, functions & asset classes, Ascent for compliance monitoring, and more. KRM22 helps capital markets companies to reduce the cost and complexity of risk management. Founded in 2017, London-based KRM22 has raised $10 million till date.
London-based FinTech startup, CIRCA5000 raised $4 million in a Series A funding round. CIRCA5000 is an app-based investment platform for impact-based ETFs. CIRCA5000 lets users create portfolios and also invest in pre-curated portfolios. The CIRCA5000 platform provides ETFs and invests in these using spare change. Users can choose the sector they want to invest in. The CIRCA5000 app is available on both Android and iOS platforms. Founded in 2018, CIRCA5000 has raised $4 million till date.
Auto Tech startup, CameraMatics raised $4 million in a Series A funding round led by Puma Investments with participation from Enterprise Ireland, and Sure Valley Ventures. CameraMatics is a provider of AI & cloud-driven video-based fleet tracking software for fleet vehicles. CameraMatics provides a cloud-based platform that combines cameras and GPS tracking solutions for vehicles. CameraMatics’ features include real-time vehicle tracking, vehicle data history, live video footage, accident reporting, driver behavior statistics, vehicle location, and many more. Founded in 2016, London-based CameraMatics has raised $9 million till date.
eCommerce startup, Purple Dot raised $4 million in a Series A funding round led by Unusual Ventures with participation from Moxxie Ventures, Connect Ventures, and Paul Forster. Purple Dot is an online marketplace offering multi-category fashion products. Purple Dot users can shop and request a discount from top brands and stores. Purple Dot offers dresses, shoes, headwear and more. Founded in 2019, London-based Purple Dot has raised $6 million till date.
This was all from the funding updates, moving on to the exits. United Kingdom Tech observed 2 exits during the week of 02 Jan 2022.
Newcastle Upon Tyne-based 3D Bio-Tissues was acquired by BSF Enterprise for $3Million. 3D Bio-Tissues is a developer of a technology platform for tissue engineering. 3D Bio-Tissues has developed a patented process called Tissue Templating which is used to produce engineered tissues. 3D Bio-Tissues' engineered tissue products include human skin, human cornea, and lab-grown meat. 3D Bio-Tissue was founded in 2018.
Sheffield-based Faradion was acquired by Reliance Industries. Faradion a, Sodium Silicon battery developer is pioneering the next generation of advanced, low-cost battery materials. Faradion employs sodium-ion technology, which, as claimed by the company, when incorporated into batteries, will be virtually indistinguishable from the leading products currently on the market in terms of performance; and will be available at a fraction of the cost. In addition to the significant cost reduction, these next-generation materials will also be manufactured using more sustainable materials like Silicon. Founded in 2011, Faradion has raised $4 million till date from Mercia, Enterprise Ventures, and Gov.uk
This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.