£2.0M
The plant-based fast food franchise secured backing from over 800 investors after surpassing its initial target within hours.
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The latest funding rounds from the UK tech ecosystem. Updated 2 November 2026.
Announcements
293
Total raised
£10.5B
disclosed amounts
The plant-based fast food franchise secured backing from over 800 investors after surpassing its initial target within hours.
The funding round was led by GWC, with members contributing over £2m.
"are pleased with the efficiency in GWC supported ETA’s investment round"
The investment round was led by Global Ventures with backing from Veridian Ventures.
"Democrance aims to enable the consumerization of insurance where insurance products will be bought and serviced remotely and seamlessly in the growing digital, virtual, and remote e-commerce world. In six years, we have expanded our footprint across 12 countries and work with the world’s leading insurance organizations. We are thrilled to have Veridian Ventures among our investors: their expertise in the SaaS space businesses coupled with their exceptional track record and extensive financial services background will help us grow and establish ourselves as a leading InsurTech player globally"
The Development Bank of Wales and Wealth Club backed the round to fund commercial growth.
"Utility businesses are facing increased governmental and regulatory pressure to provide accurate meter readings and improve their environmental credentials. We’ve spent the time developing and patenting our innovative technology that now provides real-time accurate meter reads to meet regulatory requirements, remotely and at half the cost."
The funding will support the company as it prepares to launch its CUE1 device in the UK and EU markets.