UK tech funding roundup: This week’s deals from OQC to Gnosis Health
Summary
This week, UK tech investment surged to £480.1m across 12 funding rounds, marking a 367% week-on-week increase. The standout deal was Oxford Quantum Circuits, which secured £260m in a Series C round led by Bullhound Capital and British Business Bank. The company develops superconducting quantum computers for enterprise and government data-centres. Other significant investments included Wordsmith AI (£52.1m) for legal tech, IMU Biosciences (£40m) for biotech, and Semble (£30m) for health tech. The funding landscape also saw activity in deep tech, cybersecurity, clean tech, and foodtech, with companies like Apoha, Geordie AI, Gigaton, and Lune & Wild raising capital to advance their respective technologies.
(Source:Uktn)