CSignum Leads UK Tech Funding Amidst Bank Holiday Slump
Deal News | Apr 28, 2025 | UK Tech Funding
This recent roundup of UK tech funding highlights the week's investment activities, which saw a significant drop of 76% compared to the previous week due to the effects of bank holidays. Key players in this week’s funding include wireless data transfer startup CSignum, which secured £6 million in a Series A round led by investors such as Scottish Enterprise Growth Investments, Par Equity, and others. Additionally, fintech platform Cloud Capital received £5.8 million in a Seed round from investors including Connect Ventures and Backed Ventures. Despite the overall decline, these companies represent promising innovations in the tech ecosystem.
Sectors
- Technology
- Financial Technology (Fintech)
- Deep Technology
Geography
- United Kingdom – The article pertains to tech funding activities within the United Kingdom, with a focus on UK-based startups.
Industry
- Technology – The article is centered on startups in the technology sector, highlighting investment activities in tech companies.
- Financial Technology (Fintech) – The article discusses fintech investment, particularly related to companies like Cloud Capital.
- Deep Technology – CSignum's focus on wireless data transmission technology categorizes it within the deep tech industry.
Financials
- £6 million – The amount raised by CSignum in its Series A funding round.
- £5.8 million – The seed funding secured by Cloud Capital.
- £29.1 million – Total amount tracked by UKTN for UK tech investments in the given week.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CSignum | Target Company | Company | A company developing wireless underwater data transmission technology. |
| Cloud Capital | Target Company | Company | A fintech platform aiming to create the first fintech solution for cloud technology. |
| Scottish Enterprise Growth Investments | Investor | Company | An investment firm participating in the Series A round for CSignum. |
| Par Equity | Investor | Company | An investment firm involved in funding CSignum. |
| Archangels | Investor | Company | A leading business angel syndicate in Scotland investing in CSignum. |
| Raptor Group | Investor | Company | A global investment company participating in CSignum's funding round. |
| British Business Investments | Investor | Company | An investment arm of the British Business Bank engaging in funding CSignum. |
| SeaAhead | Investor | Company | An innovation entity investing in blue tech and involved in CSignum’s Series A. |
| Deep Future | Investor | Company | A venture capital firm investing in future-focused technologies like those by CSignum. |
| Connect Ventures | Investor | Company | A VC firm investing in the seed round for Cloud Capital. |
| Backed Ventures | Investor | Company | A venture fund backing Cloud Capital's fintech innovation. |
| Middlegame Ventures | Investor | Company | An investor in the fintech space participating in Cloud Capital’s seed funding. |