US AI coding platform Replit announced the launch of its European hub in London, hiring 20 staff locally and targeting up to 100 employees by early 2025. The move follows a $400 million funding round in March and reflects the company’s strategy to diversify beyond Silicon Valley and tap into London’s diverse talent pool.
UK AI chip designer Fractile, founded in 2022 by Oxford PhD Walter Goodwin, is raising a $600 million round at a $5.6 billion valuation. The round includes backing from Cocoa Ventures, Accel and Founders Fund. The company, which has yet to launch a commercial product, claims its architecture can run large language models up to 100 times faster while cutting operational costs by 90 %. It aims to have its specialised chips ready for data‑centre deployment by 2027 and has signed a sales deal with Anthropic. Executive Carmen Alfonso Rico, now VP of Business Operations, highlighted the company’s potential to become Britain’s first trillion‑dollar firm.
London‑based AI‑driven due‑diligence platform Veridue raised €3.44 million in a pre‑seed round led by Episode 1 Ventures, with participation from HTGF, Pi Labs and industry angels, to accelerate its rollout for renewable‑energy and data‑centre project financing across Europe.
UK ticketing platform Tickets for Good raised £3.9 million to fund its international expansion and job creation in Sheffield, backing its low‑cost ticket service for NHS workers, teachers and charities.
Jack & Jill secured a £30 million investment led by Air Street, marking a significant financing milestone for the startup.
Molten Ventures secured a £175 million first close for its Ventures Growth Fund, backed by a £75 million cornerstone from the British Business Bank, to support Series B‑plus technology companies in the UK and Europe.
Claret Capital announced the closing of a €575 million fourth debt fund, targeting European startups that are often overlooked by traditional lenders. The fund will expand the firm’s venture‑debt offering across the continent, helping founders secure growth capital without diluting equity.
UK‑based MedTech startup Strolll raised a total of €5 million from Innovate UK (loan and grant) and a new equity round led by IW Capital, aiming to expand its AR‑based neurorehabilitation platform and bring new bedside solutions to market.
UK‑based startup Rightcharge secured £500k in growth funding led by Soulmates Ventures, with participation from BlackWood and Purple Ventures, to scale its fleet EV‑charging payment solution across Europe and accelerate product development ahead of a Series A.
Wayve, a London‑based AI driving startup founded in 2018, partnered with Uber to offer supervised autonomous rides in London. Riders can request an UberX, Uber Electric or Uber Comfort and be matched with a Wayve‑powered electric Ford Mustang Mach‑E, with a licensed driver on board for safety. The launch marks the first autonomous trips available to the public in the UK and is part of a broader global rollout with Uber.