London’s startup ecosystem continues to flourish, attracting investors from around the globe and fostering innovation across various industries.
In the dynamic landscape of the city’s entrepreneurial scene, the month of April 2023 witnessed several London-based startups securing impressive funding rounds, the majority of them surpassing the €10M mark.
This influx of capital not only highlights the immense potential of these companies but also underscores the continued investor confidence in London’s thriving startup scene.
In this article, we have listed the London-based startups that recently secured significant funding. Some of them are hiring too
Take a look!
Polymateria
Fundraised in April 2023: €22.8M
Founder/s: Lee Davy-Martin
Hiring: No
Founded at Imperial College London, Polymateria aims to combat plastic pollution by utilising scientific advancements to address the issue.
The company’s biotransformation technology has proven full biodegradation of plastic items into water, CO2, and biomass without leaving any microplastic or toxic residue in the open environment.
Last month, the London company raised £20M (approximately €22.8M) in a Series B round of funding led by Singapore-based ABC Impact and sustainable chemical company Indorama Ventures.
Quantexa
Fundraised in April 2023: €116M
CEO: Vishal Marria
Hiring: Yes | Apply here
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations to make trusted operational decisions by making data meaningful.
The London company solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
Studee
Fundraised in April 2023: €18.9M
CEO: Chris Morling, Simon Andrews
Hiring: No
Studee is on a mission to make it simple for international students to find and apply for their dream university abroad. The company wants to transform the way students are matched to the right courses.
Hometree
Fundraised in April 2023: €41M
Founder/s: Simon Phelan
Hiring: Yes | Apply here
Hometree Group is a residential energy services company. Originally focused on providing home cover solutions to maintain the functionality and warmth of households, the company has expanded its offerings.
Through three distinct divisions – Home Services, Energy Services, and Financial Services – Hometree Group now caters to the comprehensive needs of sustainable homeownership.
By offering a wide range of products and services, they empower homeowners to effortlessly install, manage, and finance renewable energy solutions, thus facilitating a sustainable and worry-free lifestyle for all.
HolidaySwap
Fundraised in April 2023: €13.8M
Founder/s: James Asquith
Hiring: No
Holiday Swap is the world’s largest home exchange platform that allows users to book, host, or swap homes. The company aims to provide sustainable and affordable solutions to travellers around the world.
The London-based company has over 1M users worldwide and operates in more than 185 countries.
VoxSmart
Fundraised in April 2023: €10.8M
CEO: Oliver Blower
Hiring: No
VoxSmart helps businesses see their communications data in a clear and compliant way to effectively mitigate business risks by delivering critical insights and business intelligence in near real-time.
The London-based company designs, develops and deploys capture and surveillance solutions that collect all communications sources from phone calls, emails, and mobiles right through to WhatsApp into one single monitoring platform.
Pai Skincare
Fundraised in April 2023: €16M
Founder/s: Sarah Brown and Ed Saper
Hiring: Yes | Apply here
Pai Skincare develops innovative and results-driven organic skincare products. The London company’s mission is to empower women to manage and solve their sensitive skin issues.
Complement Therapeutics
Fundraised in April 2023: €72M
Founder/s: Dr Rafiq Hasan
Hiring: Yes | Apply here
Based out of London, Complement Therapeutics (CTx) is an early-stage biotechnology company focused on the research and development of novel therapeutics for complement-mediated diseases.
The company’s lead investigational product (CTx001) is being evaluated as a potential gene therapy for dry age-related macular degeneration/geographic atrophy, a leading cause of blindness.
Scan.com
Fundraised in April 2023: €10.92M
Founder/s: Dr. Khalid Latief, Mark Nissim, Charlie Bullock, Oliver Knight, and Joe Daniels
Hiring: Yes | Apply here
Scan.com is an online referral service that links people to trustworthy scan centres around them.
It provides an appointment booking engine for patients, a gateway for referring doctors, and an API for digital health partners across the UK and the US.
Last month, the London company raised €10.92M in a Series A round of funding co-led by Aviva Ventures, YZR Capital, Oxford Capital, Triple Point Ventures, and Simplyhealth Ventures, with participation from Forefront Venture Partners.
Yonder
Fundraised in April 2023: €71.6M
Founder/s: Tim Chong, Harry Jell, Theso Jivajirajah
Hiring: Yes | Apply here
Yonder offers a rewards programme designed around people’s lifestyles, inspired by hundreds of user research sessions with Londoners from around the globe to learn how they spend their time and money.
The company’s approach is to evaluate credit suitability, which is based on transaction data, using open banking to build a more nuanced, personalised picture of its customers’ spending habits than relying on traditional credit checks alone.
Fintech Farm
Fundraised in April 2023: €19.9M
Founder/s: Dmytro Dubilet, Oleksandr Vityaz and Mykola Bezkrovny
Hiring: No
Fintech Farm creates neobanks providing customers with user-friendly mobile apps and credit products for mass audiences and even clients with thin credit histories. To date, the company has launched neobanks in Azerbaijan (Leobank), Vietnam (Liobank), and Nigeria (Fibo).
CarbonChain
Fundraised in April 2023: €9M
Founder/s: Adam Hearne and Roheet Shah
Hiring: Yes | Apply here
BAsed out of London, CarbonChain empowers companies to make climate-conscious decisions to accelerate action toward a net-zero economy.
The company’s methodology incorporates data from the point of resource extraction, all the way through to the point of consumption to create emissions insights across the entire supply chain.
Through its verified and validated approach and expansive database covering 80 per cent of global emissions, CarbonChain enables carbon traceability, product carbon footprinting, and the identification of real-time reduction opportunities.
Last month, the company raised €9M in a Series A round of funding co-led by Union Square Ventures and Voyager Ventures.
TopHat
Fundraised in April 2023: €63.33M
Founder/s: Jordan Rosenhaus and Krishan Pattni
Hiring: Yes | Apply here
TopHat is a London-based technology-driven modular housing manufacturer. The company uses advanced manufacturing and the latest technology to deliver ultra-low carbon homes while keeping costs as low as possible.
The company offers:
- a complete collaboration strategy that covers finance, planning, and turnkey delivery
- a turnkey construction service; and
- manufacture, supply, and install service
Last month, the company raised €63.33M in a new round of funding from new and existing investors.
HIVED
Fundraised in April 2023: €11.28M
Founder/s: Murvah Iqbal, Mathias Krieger
Hiring: Yes | Apply here
HIVED claims to be building the world’s first large-scale sustainable parcel delivery network. With an all-electric fleet and technology, the startup is assisting businesses in reducing their carbon footprint while providing “great” service.
Last month, London’s HIVED raised £10M (approximately €11.28M) in a Series A round of funding led by Berlin-based Planet A Ventures alongside Maersk Growth and existing investors Eka Ventures and Pale blue dot.
TympaHealth
Fundraised in April 2023: €21M
Founder/s: Dr. Krishan Ramdoo
Hiring: Yes | Apply here
TympaHealth is the world’s first all-in-one ear and hearing healthcare assessment platform.
The company’s solution allows fully digitised comprehensive ear and hearing health assessments to be performed across both traditional clinical and community-based settings.
The platform allows a broader range of professionals to perform digital otoscopy, microsuction wax removal, and hearing assessments.
A few weeks back, the company raised €21M in a Series A round of funding led by Octopus Ventures.
Zodia crypto
Fundraised in April 2023: €32.6M
CEO: Julian Sawyer
Hiring: Yes | Apply here
Zodia Custody is an institutional-grade crypto custody solution founded by Standard Chartered and in association with Northern Trust.
The platform provides custody for crypto assets, designed to enable institutions to invest safely in the emerging assets that are transforming how financial markets operate.
Xlinks
Fundraised in April 2023: €34M
CEO: Simon Morrish
Hiring: No
The Xlinks‘ project will provide reliable sustainable energy to the UK at a subsidy-free price. The UK company raised €34M to undertake the development of plans to lay the world’s longest high-voltage direct current (HVDC) subsea cables between the UK and Morocco, passing Portugal, Spain, and France as part of the Morocco – UK Power Project.
It is one of several first-of-a-kind long-distance renewable energy generation and cross-border export projects being planned globally, addressing the growing demand for firm power capacity.
The company will supply the UK with 3.6GW of renewable energy-sourced electricity amounting to nearly 8% of the nation’s current requirements and enough to power seven million British homes by the end of the decade.
M3ter
Fundraised in April 2023: €12.6M
Founder/s: Griffin Parry, John Griffin
Hiring: No
m3ter is a pricing operations platform that powers and automates every variation of usage-based pricing for software companies at all stages, so they can deliver great customer experiences and accelerate revenue growth.
By plugging into existing systems, m3ter flexibly ingests and enriches data, applies pricing of any complexity, and generates error-free bills, unlocking new capabilities for the entire business.
Abatable
Fundraised in April 2023: €12.2M
CEO: Valerio Magliulo
Hiring: Yes | Apply here
Abatable provides a carbon procurement and market intelligence platform for the voluntary carbon market.
The company combines market intelligence with advisory services and has access to over 2,000 project developers across project types and geographies, with over 150MtCO2e in carbon credits available to purchase in the next 18 months.