Luminance Secures £59.5M Series C Funding
Deal News | Feb 21, 2025 | UK Tech Funding
This week, UK technology startups secured a total of £122.9 million in investments across 11 funding rounds. Notable deals include Luminance, a legal AI firm based in Cambridge, which raised £59.5 million in a Series C round. Key investors in this round include March Capital Partners, Point72 Ventures, and Slaughter and May, among others. Cambridge GaN Devices, a firm focused on developing semiconductor materials as an alternative to silicon, also marked its presence at the investment table. Overall, this week's funding represents a 34% decrease from the previous week.
Sectors
- Legal Tech/AI
- Semiconductors
Geography
- United Kingdom – The article focuses on UK-based tech companies securing funding.
Industry
- Legal Tech/AI – Luminance is a legal AI firm developing technology for the legal sector.
- Semiconductors – Cambridge GaN Devices focuses on developing semiconductor materials as an alternative to silicon.
Financials
- £59.5M – The amount raised by Luminance in its Series C funding round.
- £122.9M – The total amount of UK tech investments tracked this week.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Luminance | Target company | Company | A legal AI firm based in Cambridge. |
| March Capital Partners | Investor | Company | A venture capital company involved in Luminance's Series C round. |
| Point72 Ventures | Investor | Company | A venture capital firm participating in Luminance's funding round. |
| Slaughter and May | Investor | Company | A law firm involved as an investor in the funding round. |
| Cambridge GaN Devices | Other company | Company | A semiconductor material development company in Cambridge. |