£1.5M
The seed round was co-led by Archipelago Ventures and Circular Plastics Accelerator to support the development of material identification scanners.
"This investment will enable Matoha to take our technology to the next level."
Funding Announcements
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
140
Total raised
£554M
disclosed amounts
This month
£23.1M
raised so far
£4.6M
E3 Capital led the funding round with backing from Fireball Capital, Atlantic Bridge, Globalive, and JLR Star to support platform expansion.
"The investment will enable us to accelerate the development and expansion of our platform’s capabilities to comprehensively tackle some of the more complex monitoring, reporting, and verification challenges faced by various industries today."
£100K
The Development Bank of Wales provided the loan to support product expansion and new electric vehicle services.
"The UK automotive aftermarket is thriving, but smaller, more local garages can sometimes struggle to keep up with advances in diagnostic technology. Maverick Diagnostics benefits from a highly skilled team who have a passion for sharing their technology and expertise with garages and workshops throughout the UK, enabling them to compete with main dealers. Our support for their business means that they can do more to enable their customers to help car owners with repair, maintenance and service requirements."
£4.5M
The Series B round was led by NetmindAI with backing from WP Health.
"This successful round of funding is a clear validation of the market’s growing appetite for AI-powered hardware solutions. With the support of forward-thinking investors like NetMind.AI, we’re positioned to take our development and innovation in AI-driven hardware to new heights. This milestone not only fuels our ambition but also strengthens our commitment to delivering smarter, more intuitive technologies that transform human-machine interactions globally"
£1.8M
The funding round includes over £890k from the South West Investment Fund via The FSE Group.
"This funding marks a pivotal milestone in NML’s journey, enabling us to accelerate our growth trajectory, expand our product offering and further penetrate the industrial market. The FSE Group has been working alongside us to help secure co-investors in a challenging investment market and we are grateful for their belief in our game-changing technology and the support of the South West Investment Fund."
