UK tech funding roundup: This week’s deals from ElevenLabs to Smartify – UKTN
This week’s UK tech funding deals include AI firm ElevenLabs, payments firm Sokin and wealth management platform Prosper.
UKTN tracked £199m worth of UK tech investment this week (27th to 31st January), in our third funding roundup of 2025.
Here’s your weekly roundup of UK tech startup funding deals.
Iplicit – £25m
Sector: Accounting
HQ: London
Round: Series B
Investors:One Peak
The company has built a cloud accounting platform tailored for businesses that have outgrown basic entry-level systems or who have challenges with legacy on-premises vendors.
Sightline – $5.5m
Sector: Climate tech
HQ: London
Round: Seeed
Investors: Led by Molten Ventures
The business has designed a platform that organizes the climate ecosystem, providing tactical research and insights, and bringing clarity to climate.
ElevenLabs – $180m
Sector: AI
HQ: London
Round: Series C
Investors: a16z and ICONIQ Growth
Speech generator ElevenLabs was founded in 2022 by Polish entrepreneurs Mati Staniszewski and Piotr Dabkowski, who previously worked at Palantir and Google.
Prosper – £4m
Sector: Wealth Management
HQ: London
Round: Series A
Investors: Led by Fuel Ventures
By leveraging AI, the platform aims to enhance customer experience and diversify customer investments, leading to higher potential returns.
Smartify – £1.5m
Sector: Smartphone app
HQ: London
Round: Series B
Investors: led by Metavallon VC, with participation from Pembroke VCT
Founded in 2015, Smartify is an app and digital platform that partners with leading arts and cultural institutions worldwide to enhance visitors’ experience with audio and visual guides.
Yavrio – $2.4m
Sector: Enterprise resource planning
HQ: London
Round: Seed
Investors: Led by Fuel Ventures
The fintech has been setup to eradicate error- and fraud-prone CSV file imports in ERP systems, many of which do not have embedded banking or payments and still rely on manual processing or outdated CSV files—a data storage and transfer method dating back to the 1970s.
Zelt – $6m
Sector: HR
HQ: London
Round: Series A
Investors: Led by Nauta
The business has designed software allowing organisations to manage their workforce across the employee lifecycle in a single system, simplifying and automating people processes across HR, Finance and IT functions.
Sokin – $15m
Sector: Fintech
HQ: London
Round: Debt
Investors: BlackRock
The fintech enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts
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