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

Announcements

127

Total raised

£13.5B

disclosed amounts

Seed
£330K

Turquoise backs carbon-negative mobility app SKOOT through the Low Carbon Innovation Fund 2.

"We were impressed by the SKOOT team who are already proven entrepreneurs. SKOOT has advantages of safety, cost, environmental impact and regulation compared with taxis. The platform is already built and robust and we see potential for large scale and international expansion of this innovative business."
— Francis Wright, Managing Director
Other
£615K

The company surpassed its initial £530k target with backing from angels and institutional funds.

"To develop this expertise Spark requires a collaborative venture with suitably qualified experts to add to its engineering team. Our partnership will accelerate our speed to market and deliver leading functionality in an affordable way, helping us increase market growth and technology independence. Thank you for your support during the process."
— Justin Ott, CEO
Series A
£4.0M

The investment concludes the company's Series A round and was backed by Octopus Ventures and Seraphim Capital.

"We’ve been talking about the potential of drones to radically transform all sorts of industries for a long time now, as the number of applications is huge, but for it to be viable, we need a system that can manage drones and, eventually, other types of unmanned air traffic at scale."
— Zoë Chambers, Deep Tech Investor
Seed
£1.4M

The seed round was led by Founders Fund with participation from several investors and a public grant.

"We are thrilled to back this innovative group out of the UK, there have been many attempts at small satellite propulsion innovation over the past decade, but they have been marginal improvements on pre-existing technology, Magdrive is the first step-change improvement offering the best of chemical and electric propulsion in a single system."
— Delian Asparouhov, principal