This week’s UK tech funding deals include smart electricity startup Ionate, investigation software provider Blackdot Solutions and more.

UKTN tracked £40.2m worth of UK tech investment this week (3 February to 7 February), an 80% week-on-week decrease across six funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

Ionate – £13.6m

Sector: Energy

HQ: London

Round: Series A

Investors: AlbionVC, In-Q-Tel, JGC MIRAI Innovation Fund, Santander InnoEnergy Climate Fund and Antares Ventures.

Founded in 2019, Ionate aims to modernise electrical power grids with its full stack solution that consolidates multiple power system functions into a single, cost-effective device.

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Fimple – £9.7m

Sector: Fintech

HQ: London

Round: Series A

Investors: DN Capital, Smartfin, APY Ventures and Tera Portföy

Founded in 2022, Fimple is a cloud-native core banking platform.

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Blackdot Solutions – £4.5m

Sector: Cybersecurity

HQ: Cambridge

Round: Late VC

Investors: Maven Capital Partners and Scaleup Group

Founded in 2011, Blackdot Solutions has developed an investigation software platform for risk and identity verification and regulatory compliance.

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Astral Systems – £4.5m

Sector: Nuclear

HQ: Bristol

Round: Early VC

Investors: Playfair Capital, Speedinvest and Pete Hutton

Founded in 2021, Astral Systems develops Multi-State Fusion (MSF) reactors for on-demand neutron production.

Modern Synthesis – £4.4m

Sector: Biomaterials

HQ: London

Round: Seed

Investors: Artesian Capital Management, Collaborative Fund and Extantia Capital

Founded in 2019, Modern Synthesis develops biomaterials to replace animal leathers and plastic textiles.

Semeris – £3.5m

Sector: Fintech/AI

HQ: London

Round: Growth equity VC

Investors: Puma Growth Partners

Founded in 2020, Semeris uses large language models to process and review financial and legal documents.

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