The 8 biggest undisclosed tech fundraisers in the UK this year so far

Most startups want to scream as loudly as possible about their latest fundraising deal. But a lot of deals also go completely undetected – 68% of UK stock deals, According to Beauhurst.

Companies remain silent for a number of reasons. Some do not have the PR resources to coordinate a media statement, or have chosen to devote efforts elsewhere. Others may want to stay stealthily a little longer, or they may have raised funding at a lower valuation than before and don’t want the new number to be announced.

We looked at the biggest unannounced UK tours yet this year (until May 5).

This data has been compiled based on stock issuance filings to Companies House, the UK business registry.

1 / Femtogenetics

round size: 51.9 million pounds sterling
Tour date: March 2022
HQ: Harpenden

Femtogenix is ​​a biotechnology company that uses a drug discovery platform to develop new treatments for cancer. The company’s website says its platform allows it to design payload molecules capable of binding to DNA, resulting in “potent cytotoxicity toward cancer cells.”

Femtogenix did not respond to a request for comment.

2 / Storiga

round size: 51.3 million pounds sterling
Tour date: March 2022
HQ: Aberdeen

Scottish company Storegga raised £51.3 million. It works on CO₂ Removal and renewable energy sources.

“There is tremendous investor support available for companies like ours, which are developing permanent CO2₂ Remove clean energy sources,” a Sifted spokesperson said.

“We combine investment, technical expertise and market-leading knowledge, partnering across industry and government to solve the toughest climate issues in the UK and around the world.”

Storegga says it has received investment from GIC, M&G, Macquarie and Mitsui.

3 / CloudNC

Tour date: April 2022
round size: 34.1 million pounds sterling
HQ: London and Chelmsford

CloudNC, an Entrepreneur First alumnus, uses artificial intelligence software to automate parts of the manufacturing process. Aiming to reduce the time and costs associated with manufacturing.

Atomico drove a 9 million pounds seed At the company in 2018 – which also happened quietly, although eventually confirmed by TechCrunch.

CloudNC did not respond to calls for comment.

4 / biology upward

Tour date: January 2022
round size: 22.5 million pounds sterling
HQ: Cambridge

Crescendo Biologics is an immuno-oncology company that develops new therapies to boost T cells.

In January, the startup struck a deal with Germany’s BioNTech – which developed one of the Covid-19 vaccines. The two signed a three-year cooperation agreement, but the number BioNTech put in Crescendo was not confirmed at the time. Crescendo confirmed to Sifted that he was paid £22.5m.

5 percent

Tour date: January 2022
round size: 22.2 million pounds sterling
HQ: London

Founded in 2017, it provides businesses with an API to allow customers to donate to charitable causes when making a transaction. It is often used to approximate the original cost.

percent did not respond to calls for comment.

6 / Colorifix

Tour date: February 2022
round size: 20.7 million pounds sterling
HQ: Norwich

Colorifix is ​​developing sustainable fabric dyeing methods to try to reduce the environmental impact of the fashion industry. Synthetic biology is used to engineer microorganisms so that they can produce dyes and attach them directly to textiles.

Colorifix did not respond to calls for comment.

7 / Entropic

Tour date: February 2022
round size: £18.6 million
HQ: London

Intropic came from Entrepreneur First. Its website says it provides “data filters for investment management firms” to help plan and clean information from various sources.

Its website says it uses 20 leading hedge funds and that their product is built and ready to ship.

Entropic did not respond to a request for comment.

8 / Atiya

Tour date: March 2022
round size: 17.3 million pounds sterling
HQ: London

Attio’s website says it’s a data-driven CRM to help teams manage and collaborate on their data. Lifted Seed round 7.7 million dollars In November last year, which was reported.

The company did not respond to a request for comment.

Freya Prati is a reporter at Sifted. She tweets from Tweet embed And writes our newsletter focused on sustainability – You can register here.