UK tech funding roundup: This week’s deals from Luminance to Alfa AI – UKTN
This week’s UK tech funding deals include legal AI firm Luminance, semiconductor materials developer Cambridge GaN Devices and more.
UKTN tracked £122.9m worth of UK tech investment this week (17 February to 21 February), a 34% week-on-week decrease across 11 funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Luminance – £59.5m
Sector: Legal tech/AI
HQ: Cambridge
Round: Series C
Investors: March Capital Partners, Point72 Ventures, Slaughter and May, Forestay Capital, National Grid Partners (NGP), RPS Ventures and Schroders Capital
Founded in 2015, Luminance develops AI technology for the legal sector.
Cambridge GaN Devices – £25m
Sector: Semiconductors
HQ: Cambridge
Round: Series C
Investors: British Patient Capital, Cambridge Innovation Capital, IQ Capital, Parkwalk, Foresight and BGF
Founded in 2016, Cambridge GaN Devices develops semiconductor materials as an alternative to silicon….
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