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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.

Announcements

238

Total raised

£3.1B

disclosed amounts

This month

£7.8M

raised so far

£5.0M

The funding round was led by Mercia Ventures with backing from IP Group and Panakès Partners.

"We have been overwhelmed with the positive feedback we received from surgeons during the development of the IonPencil. As they have been reluctant to adopt the current systems, we believe our device will greatly improve compliance with new legislation."
— Dominic Griffiths, Founder and CEO
Seed
£500K

The University of Nottingham spinout secured the follow-on investment via fund manager Mercia Ventures.

"This funding from Midlands Engine Investment Fund II will take us one step further towards our mission to roll out our device and give new hope to people with Tourette’s. Having Mercia Ventures on board as a partner provides additional value, given its expertise in backing businesses that are developing new products and helping them gain entry to the US market."
— Paul Cable, CEO
Series A
£3.4M

Oshen Holdings led the Series A round with backing from DSW Ventures, SFC Capital, and Boundary Capital.

"I would like to thank all our investors for their trust and support. Our success in continuing to raise investment despite the difficult market conditions over the last few years is testament to their belief in the company’s commercial potential and our world-class team. The funds will be used to complete the pre-clinical testing of our first medical device product range and our preparations for entry into the orthopaedic market."
— Philip Smith, CEO
Seed
£1.1M

Marathon Venture Capital led the seed round to support team expansion and product development.

"Developing a drug remains an expensive and time-consuming process. Unlike other industries, product development in pharmaceuticals relies heavily on numerous experiments with minimal knowledge transfer from past products, driven by the expertise and know-how of scientists. We have witnessed first-hand the inefficiencies of traditional drug development, as well as the growing desire and business need to transform this field. Our vision for PolyModels Hub is to revolutionise how scientists, digital teams, and senior stakeholders collaborate to accelerate development efforts and bring breakthrough therapies to market faster than ever. With today’s advanced technology, supportive business context, and favourable regulatory framework, we believe now is the perfect time to realise this vision."
— Antonio Benedetti, Co-Founder and CEO
Seed
£6.3M

Balderton Capital and Exor Ventures have led a seed round to help finance clinical trials and expand manufacturing capabilities.

"At SAVA we are tackling preventable illness by building a new operating system for health monitoring. Our microsensor will revolutionise healthcare by making world-leading monitoring technology available to all. With this capital, we can accelerate our goal of creating a new paradigm for healthcare – preventative, personalised and painless."
— Renato Circi, Co-founder