This week’s UK tech funding deals include academic publishing platform Perlego, security firm Harmonic and challenger bank Monzo.

UKTN tracked £131m worth of UK tech investment this week (7 to 11 October), a 20% week-on-week increase across four rounds.

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

THG – £95m

Sector: Ecommerce

HQ: Manchester

Round: Capital raise

Investors: Existing long-term and institutional shareholders including CEO Matthew Moulding, plus retail investors

THG announced the move on Thursday in order to fund the demerger of its Ingenuity division, which provides digital services to leading consumer brands.

Read more

Perlego – £15m

Sector: Edtech

HQ: London

Round: Undisclosed

Investors: Former Tesco CEO, Sir Terry Leahy

Perlego, founded in 2017, is a subscription-based digital library that aims to make learning more accessible by offering unlimited access to over one million educational titles.

Harmonic Security – £13m

Sector: Cybersecurity

HQ: London / San Francisco

Round: Series A

Investors: Led by VC firm Next47

Harmonic Security gives security teams the tools to protect sensitive data using pre-trained data protection models.

Lightdash – £8m

Sector: SAAS

HQ: London / San Francisco

Round: Series A

Investors: Led by existing investor Accel, with participation from Operator Partners, Shopify Ventures and existing investor Y Combinator

Founded in 2021, Lightdash is the first open-source business intelligence (BI) platform purpose built for the modern data stack.

Monese – £15m

Sector: Fintech

HQ: London

Round: Takeover

Investors: Pockit

Monese has been acquired by Cardiff-based fintech Pockit, which said it would provide an injection of up to £15 million in equity capital to fund the integration and future growth of the business.

Read more

Monzo – N/A

Sector: Fintech

HQ: London

Round: Employee share sale

Investors: StepStone Group and GIC, Singapore’s sovereign wealth fund

Monzo’s valuation went up to an impressive £4.5bn after existing employees sold shares to investors.

Read more