The entrepreneurial landscape is ever-evolving, and nowhere is this more evident than in the bustling city of London.
Last month, a promising lineup of London-based startups secured impressive funding of over $10M, setting the stage for their disruptive innovation and accelerated growth.
This financial injection speaks volumes about the strength of the ideas of these startups and reflects the increasing confidence of investors in the city’s thriving ecosystem.
What sets these startups apart is not merely their financial achievements but also their forward-looking approach to growth.
Beyond the headlines of funding rounds, many of these startups actively seek to expand their teams.
Here’s the list of London-based companies that raised $10M and more last month. Some of them are hiring right now.
Autogen AI
Founder/s: Sean Williams
Fundraised in July 2023: €20M
Hiring: Yes | Apply here
AutogenAI offers natural language processing solutions to help companies write compelling draft bids, proposals, and tenders in minutes.
The London-based company uses large language models (LLMs) and custom-made Language Engines to help bid writing teams generate content backed by publicly and privately available data.
Last month, the company raised $22.3M (nearly €20M) in a fresh round of funding from UK-based venture capital firm Blossom Capital.
Ev.energy
Founder/s: Nick Woolley and Chris Darby
Fundraised in July 2023: €29.8M
Hiring: Yes | Apply here
ev.energy offers an end-to-end software platform that seamlessly connects with various electric vehicles and chargers, intelligently managing EV charging.
The London company also launched its fleet management platform ‘Pando’ and ventured into the solar market with its solar home charging function, ev.energy SOLAR.
Last month, the company raised €29.8M in a Series B round of funding led by National Grid Partners (NGP).
Entia
Founder/s: Dr Toby Basey-Fisher
Fundraised in July 2023: €18.6M
Hiring: Yes | Apply here
Entia aims to make life better for people receiving cancer treatment. The company has integrated at-home blood testing technologies and digital tools to give tailored insights into cancer patients’ treatment experiences.
The London company’s offering includes symptom and vitals tracking along with full blood count analysis that monitors neutropenia, a common and costly side effect of cancer treatment.
Last month, the company raised €18.61M in a Series A round of funding led by BGF and Parkwalk.
Zyber 365
Founder/s: Pearl Kapur and Sunny Vaghela
Fundraised in July 2023: €91M
Hiring: No
Zyber 365 is a web3 startup that provides a robust, decentralised, and cyber-secured operating system which adheres to the fundamental principles of environmental sustainability. The company has designed solutions to enable interchain operability, to provide users with greater flexibility, seamless integration, and data sharing.
Last month, the London-based company raised €91M in a Series A round of funding led by UK-based SRAM & MRAM Group, valuing the company at $1B.
Sedna
Founder/s: Bill Dobie
Fundraised in July 2023: €38M
Hiring: Yes | Apply here
Sedna is a data-driven communication platform for the global supply chain industry, designed to lighten the manual work of managing email and presenting data so teams can drive commercial success.
The company was launched to reduce present email challenges like inbox overload, lost data, and siloed operations, and instead provide a solution that serves as a multipurpose workspace fit for the maritime supply chain by exposing the hidden value within email.
The London-based company raised €38M from global software investor Insight Partners last month.
Raft
Founder/s: James Coombes and Nisarg Mehta
Fundraised in July 2023: €27.26M
Hiring: Yes | Apply here
Raft is a provider of an intelligent logistics platform that empowers freight forwarders and customs brokers to automate shipment execution and collaborate effectively with their shipper end-customers.
The London company’s shipment portal allows customers to share both internal and third-party data with their end-customers including tools like multi-source container visibility, emissions reporting, and quote-to-book, an all-in-one digital portal that integrates with their Track Management System (TMS).
Last month, the company raised €27.26M in a Series B round of funding led by global VC investor Eight Roads.
Sylvera
Founder/s: Allister Furey and Sam Gill
Fundraised in July 2023: €50.64M
Hiring: Yes | Apply here
Sylvera is a sustainability company that develops machine learning-based tools to track the performance of carbon offsets.
The company delivers ratings and statistics analysing climate action investments, including carbon credits, by combining technology with carbon measuring methodology.
This allows organisations to confidently achieve their net zero goal and move towards societal net zero.
Last month, London-based Sylvera raised €50.64M in a Series B round of funding led by Balderton Capital.
Causaly
Founder/s: Yiannis Kiachopoulos and Artur Saudabayev
Fundraised in July 2023: €54.6M
Hiring: Yes | Apply here
Causaly has built an AI platform to help researchers accelerate the development and testing of drugs.
The platform enables researchers to conduct deep, unbiased scientific exploration with the level of reproducibility and agency that the process of scientific inquiry demands.
Supporting a broad range of complex knowledge workflows, the platform accelerates the journey from bench research and laboratory insights to the launch of life-changing therapies.
Last month, the company raised €54.6M in Series B funding led by ICONIQ Growth with participation from Index Ventures, Marathon Venture Capital, EBRD, Pentech Ventures, and Visionaries Club.
Tenpoint Therapeutics
CEO: Eddy Anglade,
Fundraised in July 2023: €63.7M
Hiring: No
Tenpoint Therapeutics is a biotechnology company developing vision-restoring engineered cell-based therapeutics and in vivo reprogramming to address degenerative ocular diseases.
The company is addressing the ultimate cause of vision loss by replacing diseased cells with healthy ones to permanently restore vision.
Tenpoint was established based on the pioneering work of its scientific founders from Moorfields Eye Hospital, University College London Institute of Ophthalmology, Institut de la Vision in Paris, and the University of Washington, who have developed engineered cell-based therapeutics and performed translational research to establish proof-of-concept.
Last month, the company raised €63.7M in a Series A round of funding led by F-Prime Capital, Sofinnova Partners, and British Patient Capital.
Locals
CEO: Eddy Anglade,
Fundraised in July 2023: €10M
Hiring: Yes | Apply here
Locals is a social discovery app that aims to turn every meet-up, activity, or date into an opportunity to do good within your community.
Attend real-life activities, meet like-minded people, have fun, and support good causes, all in one place. Last month, the company raised €10M in funding.
Read the orginal article: https://siliconcanals.com/news/startups/london-based-startups-raised-10m/
