£1.0M
The funding round includes backing from Mindset Ventures Music Tech, Willard Ahdritz, Dan Runcie, Hazel Savage, and Leansquare.
Filter & sort
The latest funding rounds from the UK tech ecosystem. Updated 1 August 2026.
Announcements
5,263
Total raised
£158B
disclosed amounts
The funding round includes backing from Mindset Ventures Music Tech, Willard Ahdritz, Dan Runcie, Hazel Savage, and Leansquare.
The funding round was led by Mercia Ventures to support the company expansion and product development.
"Law firms are evolving, and technology must evolve with them. Tessaract is built to remove the operational burden — enabling legal teams to work seamlessly across data, finance, and client delivery. With Mercia Ventures’ backing, we’re scaling that capability to more firms across the UK."
The upcoming raise follows the company's decision to decline a multibillion pound acquisition offer from Adobe.
The private financing round will support product innovation and geographic growth across university markets.
"This financing is a powerful validation of our teamʼs vision and the measurable impact weʼre having on the student rental industry. The market is rapidly shifting towards demand for an all-in-one, student OS, with the home at the heart of everything, and our platform is uniquely positioned to capitalize on that demand. Ashta Capitalʼs strategic involvement underscores the strength of our mission and positions us toaccelerate growth across key university markets across the US, along with the rollout of new products that will genuinely change the way students rent but also interact with their finances and everything that is not their degree, whilst atuniversity. We aim to service 1,000,000 students across the UK and US within the next 12 months. Our mission is to change student rental, forever."
The seed round was led by Paul Graham to support the development of scalable quantum infrastructure.
"With strong investor backing and a leadership team rooted in deep technical and commercial expertise. I am thrilled to be leading QFX delivering quantum hardware which will enable the next generation of quantum systems."