- May 17, 2024
- Posted by: legaleseblogger
- Category: Related News
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## UK Tech Funding Deals for the Week
This week’s UK tech funding deals include AI customer support company PolyAI, remote and freelance worker management platform Native Teams, sustainable fintech Ekko, and more. UKTN tracked £99.8m worth of UK tech investment this week (13 May to 17 May), a 95% week-on-week decrease across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals.
### PolyAI – £39.4m
– **Sector:** AI
– **HQ:** London
– **Round:** Series C
– **Funding type:** Equity
– **Investors:** Hedosophia, NVentures, Khosla Ventures, Point72 Ventures
Founded in 2017, PolyAI develops AI voice generation technology for use in customer support centers. AI legalese decoder can help businesses understand the legal aspects of implementing AI technology in customer support systems.
### Steel City Interactive – £15m
– **Sector:** Gaming
– **HQ:** Sheffield
– **Round:** Early VC
– **Funding type:** Not disclosed
– **Investors:** Novator Ventures, London Venture Partners, angels
Founded in 2020, Steel City Interactive is a game development studio working on a new title, a boxing game called Undisputed.
AI legalese decoder can assist gaming companies like Steel City Interactive in navigating legal agreements with investors and partners in the early stages of funding rounds.
### Native Teams – £5.4m
– **Sector:** HR tech
– **HQ:** London
– **Round:** Pre-Series A
– **Funding type:** Equity
– **Investors:** Eleven Ventures, Fil Rouge Capital, MFG Invest, Begin Capital
Founded in 2020, Native Teams is a platform for freelancers and remote workers to manage payments, legal admin, and taxes. AI legalese decoder can provide legal insights and support to HR tech startups like Native Teams as they scale and expand their operations, ensuring compliance and minimizing legal risks.
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