$110M
The hospitality cloud platform secured backing from Kinnevik and Goldman Sachs to fund global expansion and acquisitions.
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The latest funding rounds from the UK tech ecosystem. Updated 1 August 2026.
Announcements
5,263
Total raised
£158B
disclosed amounts
The hospitality cloud platform secured backing from Kinnevik and Goldman Sachs to fund global expansion and acquisitions.
Alphabet's CapitalG led the $430m round, pushing the digital bank's valuation to $5bn.
"We’ve built incredible momentum in the business over the past few years which has led to us reaching more than 9 million customers, turning profitable and launching even more ground-breaking products. With backing from global investors, we have the rocket fuel to go after our ambitions harder and faster, building Monzo into the one app that sits at the centre of our customers’ financial lives. Each milestone we’ve reached to this point has given us more strength and speed to make strides towards our mission – now we’ll scale to even greater heights and seize the huge opportunity ahead."
The equity round was led by EQT Life Sciences and Sectoral to support international expansion and clinical trials.
"Dysphagia is a severe medical condition that affects countless patients in hospital. It can increase hospital length of stay, the risk of complications, and lengthens recovery time. The Phagenyx System demonstrates significant reductions in hospital length of stay, with a corresponding and substantial reduction in healthcare costs, as evidenced by the Company’s strong portfolio of high-quality clinical studies. This is strongly aligned with EQT’s Health Economics strategy of transforming cutting-edge scientific innovation into impactful and cost-effective healthcare solutions. We‘re excited to support the next phase of Phagenesis’ journey."
Octopus Ventures led the seed financing round to help expand the company's data processing capabilities.
"Our end goal is to build an AGI with full perceptual abilities, which has boundless potential to assist with creativity. Our visual foundation model will be a leap forward in AI’s ability to deeply understand the physics of the world and replicate the essence of reality in the videos it generates. Such advancements lay the groundwork for AI that can understand, embrace, and enhance human storytelling."
Coterie Holdings backs the fintech platform as Michael Saunders joins the board.
"Coterie is the most ambitious and forward-thinking business in the wine trade right now. As a young business with big plans, we are thrilled to be able to leverage their deep expertise and infrastructure as we continue to aggressively scale"