These are the pioneering AI startups that raised the most money this year

Artificial intelligence (AI) is one of the fast-growing fields for new business. Even more excitingly, the UK has become the premier location for innovative AI startups.

New data from HSBC Innovation Banking and Dealroom shows that Britain has become a hotbed for AI talent. In the first half of this year, machine learning startups accounted for 22% of all UK tech investment, up from 12% in 2019.

Last year, Startups reported that average funding for homegrown AI startups grew by 66% between 2021 and 2023, according to data from the Startups 100 Index.

HSBC estimates that AI firms in Britain will raise a record-breaking estimated £3.4bn by the end of the year. The below tracker* will record the biggest investment rounds raised by AI startups in 2024, to see if the UK can meet (and maybe even surpass) that target.

*This article will be updated monthly to include all the latest AI funding news for UK startups.

July 2025

• Movetru – £1.2m

Movetru, the SportsTech startup redefining movement analysis and injury prevention, has successfully closed its Pre-Seed funding round of £1.2M/€1.4M/$1.6M. The round was led by UK-based venture capital firm Two Magnolias and supported by an international syndicate of investors across the UK, Ireland, and the United States.

This funding milestone comes as Movetru officially launches across Europe, bringing validated, athlete-first technology to clubs, coaches, and clinics. The raise is a major step forward for the company as it scales operations and begins wider commercial rollout.

“We are absolutely thrilled to be leading this round for Movetru,” said Jessica Rasmussen, Co-founder & CEO of Two Magnolias. “Movetru represents the best of Northern Ireland’s tech talent, and we are excited to back them on this journey.”

June 2025

• PhysicsX – £99.9m

Industrial AI-startup PhysicsX has raised an impressive £99.9 million in Seed B financing, bringing its total funding to almost £125 million. The latest round was led by the venture capital firm Atomico, with major technology and engineering companies Siemens and Applied Materials also participating.  

Founded by Robin Tuluie, the former head of R&D at Renault F1 and Mercedes F1, and Jacomo Corbo, Vehicle Technology Director at Bentley Motors, the London-based company aims to streamline the engineering and manufacturing industries with AI, to help advanced organisations solve their hardest problems. 

According to Corbo, with innovation within these fields never being more urgent, “this round reflects the importance and the needs of the industries that we’re building into”.

• Maze – $25m

Maze is a London-based startup that uses AI agents to investigate and resolve cloud security vulnerabilities. In June the company successfully raised $25 million in Series A funding, which it will be using to expand its team and advance its AI-native security platform beyond vulnerability management. 

Founded in 2024 by Harry Wetherald, Adrian Jozwik, and Santiago Castineira, Maze has hit the ground running with its funding efforts. This new capital injection brings the startup’s total funding to $31 million, indicating strong confidence in the AI cybersecurity sector. 

• Metaview – $35m

Metaview AI is a London-based company streamlining the hiring process with AI. In June, they announced a significant $35 million Series B funding round, led by GV (Google Ventures) and supported by other investors like Plural, Vertex Ventures, and Seedcamp. 

The investment brings Metaview’s total sum to $50 million, which will be used to accelerate the company’s product development. Specifically, the start-up is planning to expand its suite of AI agents to cover even more aspects of the hiring workflow. The company also aims to invest in its personnel by tripling its team in London and establishing a new office in San Francisco.

May 2025

• Applied Computing – £9m

London-based AI startup, Applied Computing, closed a seed funding round in May with a total of £9m raised. The company builds foundational models for the gas and petrochemical industry, and its flagship product, Orbital, enables engineers and operators to understand and optimise their plants using AI grounded in physics. 

According to key metrics, Applied Computing’s platform Orbital is already outperforming the software competition by 90%. Yet, the startup intends to use the funds raised to expand its operations and development efforts even further.

The round, which was led by Stride.VC and Repeat.vc, raised among the largest ever sums of funding for a UK-based firm at the seed stage, hinting at the expanding investor appetite for energy tech that aims to address critical industrial challenges in the oil and petrochemical sectors. 

• Orca AI – £54.2m

Orca AI, a frontrunner in maritime technology, announced that it closed an investment of £54.2 million in Series B funding on May 6. The round was led by Brighton Park Capital and was supported by existing investors Hyperlink Ventures and Ankona Capital. 

Founded in 2018, Orca AI aims to enhance the safety and efficiency of maritime shipping through the use of AI and machine learning. The London-based company is planning to harness the investment to develop its autonomous platform further with extra AI capabilities and defence and security features. 

• Granola – $43m

London-based AI-powered notepad and meeting assistant Granola announced it raised $43 million in a Series B funding round in May 2025. This sizable investment, spearheaded by Daniel Gross and Nat Friedman of NFDG Ventures, brings the startup’s total funding sum to almost $70 million.

The new funding will primarily be used to expand Granola’s team in London and accelerate AI product development. Alongside the funding announcement, Granola also launched Granola 2.0, a major update that evolves its AI meeting assistant into a comprehensive, intelligent workspace for teams.

April 2025

• Wonder – £2.3m

AI-native create studio, Wonder, has raised £2.3 million in a seed funding round backed by venture capital firms LocalGlobe and Blackbird. Among the investors were some of the biggest names in AI, including OpenAI, Google DeepMind, and ElevenLabs.

The startup is committed to harnessing the creative power of AI to create a new filmmaking ecosystem and to produce original IP using generative AI. The money raised will help Wonder further their mission to democratise the film-making process, with co-founder and CEO of Wonder, Xavier Collins, explaining, “storytelling should be about creativity, not overcoming financial and logistical barriers”.

• incident.io – $62m

incident.io, an incident management platform based in London, successfully secured £45.6 million in funding in a series B funding round on April 10, 2025. The round was led by global software investor Insight Partners and brings the company’s total capital raised to over $96 million.

The AI startup focuses on streamlining the process of responding to and solving critical IT issues. They plan to use this investment to scale their engineering teams in London and San Francisco, as well as their sales teams, to ensure their platform is equipped to meet growing global demand. 

• NextGen Cloud – $45m

UK leader in AI infrastructure NextGen Cloud has closed its April funding round with an extra $45 million in the bank. This funding, which was primarily backed by high-net-worth individuals and family trusts, follows an early VC funding round of $14m in March 2022, bringing their total amount of raised capital to around $70m.

Founded in 2020, the AI startup provides enterprise AI cloud solutions to the global market, and the Series A investment will be used to help them scale their infrastructure to meet Europe’s rapidly growing AI demands. 

“This Series A funding is a pivotal step towards realising our goal of becoming the backbone for AI-powered solutions across the continent,” said Chris Starkey, CEO and Co-founder of NextGen Cloud.

March 2025

• Scooch

EHE Ventures’ AI Growth Fund invested a “significant six-figure sum”, in Scooch, a London-based startup using AI to revolutionise pet healthcare through an all-in-one subscription service. Scooch made the Startups 100 Index for 2024, placing #55, after it impressed our judges with its innovative use of AI co-pilot to build a data-driven health marketplace for pets.

Baris Ozaydinli, Scooch founder and CEO, said: “We are delighted to be partnering with EHE as it is a fund founded by inspirational exited founders who know how difficult it is to be a founder and there is also an expert team supporting the companies. We are going to use the investment for launching our brand new embedded pet insurance, Scooch Protect and AI-powered mobile app, Scooch Health.”

• Lenkie – £49m

Lenkie, a UK-based cashflow management startup, secured £49 million in new funding to expand its “Grow Now, Pay Later” credit facility. This funding, comprised of £4 million in equity and a £45 million debt facility from a leading US private credit fund, will enable Lenkie to further support SMEs facing a significant funding gap as traditional bank lending decreases.

Lenkie’s innovative solution allows businesses to instantly pay supplier invoices and spread repayments over 1 to 12 months, providing crucial financial flexibility. Founded in 2021 by Sanjeev Jeyakumar and Nnaemeka Obodoekwe, Lenkie has already facilitated over £70 million in supplier payments for more than 2,000 businesses across 40 countries.

February 2025

• Luminance – $75m

Luminance, a UK-based legal AI company, announced it had raised $75 million (roughly £60m) in Series C funding in mid-February 2025. Unlike many competitors that rely on general-purpose LLMs, Luminance’s USP is that it utilises a proprietary “legal pre-trained transformer” (LPT) trained on a vast, private dataset of legal documents.

Described as a “Panel of Judges” AI system, Luminance’s mixed-model approach is intended to ensure accuracy and transparency. Developed by Cambridge academics and backed by significant investment, it joins a host of other legal AI lawtechs that are answering an increasing demand for the automation of legal workflows.

• Semeris – €4 million

In yet more evidence that lawtech continues to dominate the UK’s AI funding landscape, London-based fintech Semeris secured €4 million (£3.3m) in a funding round led by Puma Growth Partners. Semeris specialises in analysing legal documentation for structured finance.

CEO Peter Jasko said: “With Puma’s support, we’re advancing our mission to revolutionise legal documentation, delivering superhuman powers, unmatched precision, and clarity, while paving the way for smarter, more efficient finance workflows.”

January 2025

• Synthesia – $180m

If you haven’t heard of Synthesia, an AI video generator for large enterprises, you need to wake up and smell the robots. The company, which is based in London, raised a massive $180m (around £160m) in January and doubled its valuation to $2.1bn, making it a unicorn twice over.

Synthesia says it will use the money to support product development. According to tech.eu, Victor Riparbelli, CEO and co-founder, Synthesia, said: “This new investment will help us develop a new generation of AI-powered video experiences [offering] possibilities we could have only imagined when we founded the company in 2017”,

• Oh – £3.7m

There are so many AI chatbots out there now that brands are fighting over each other to find a USP. For Oh, a London-based startup, that task should prove easy. The company allows users to chat with “digital twins” of A-Listers, and it raised £3.7m in seed funding at the end of January 2025.

According to Oh’s co-founder and CEO Nic Young, anyone who has their image replicated by the Oh platform must consent beforehand. But the company could run into trouble later this year as the UK government has signalled it plans to crack down on non-consensual deepfakes.

• Jove – £3.6m

Insurance tech might not sound like the sexiest sub-sector, but it’s certainly one that’s right for disruption. Jove’s AI-powered platform is designed to turn getting an insurance quote into a hassle-free, 30-second-long journey that ensures clients can get near-instant cover.

In January, Jove raised £3.6m in seed funding. CEO Amanda Cai says the money will be used to further build out the platform, which has been in development since 2020.

December 2024

• Nscale – £122m

London-based Nscale won itself an early Christmas present at the start of December when it secured €146 million (roughly £122 million) in Series A funding. It launched from stealth last March, but has already caught investor attention with its AI-ready data centres and high-performance AI cloud services.

AI startups in the UK are still struggling to scale due to a lack of critical infrastructure, and Nscale’s ability to process huge volumes of AI data presents a solution that could unlock new growth for the entire industry. “The AI market is scaling rapidly, and so are we,” Joshua Payne, CEO of Nscale, told EU-Startups.

November 2024

• Tessl – £100m

The founder of global cybersecurity firm Snyk, Guy Podjarny, announced in mid-November that he had successfully raised $125m (£100m) for his new AI venture Tessl. Tessl is reportedly a “AI native” platform that developer teams can use to build and test software. Only those who signed up to an exclusive waitlist have seen how it works, however.

Tessl’s money pot has been built up by big names including Google Ventures and Bold Start. But despite the impressive wallet, it will continue to remain a mystery for now. “We’re not sharing the full strategy yet on what that is,” Podjarny told TechCrunch.

• Magic AI – £3.9m

After it featured in our 2024 Startups 100 Index, we knew big things were in store for the magic personal trainer that lives in your mirror, Magic AI. At the end of November, the “world’s first” AI-powered fitness mirror confirmed it had raised €4.8m (approximately £3.9m) to ready itself for US expansion.

Varun Bhanot, Co-founder and CEO of MAGIC AI, commented: “AI has evolved chatbots and image generation, but areas such as using it to train in health and wellness are yet to be disrupted. We are proud to have developed the largest exercise tracking detection software of its kind to lead this charge.”

October 2024

• Genie AI – £13.3m

Legal AI platform, Genie AI featured in our 2023 Startups 100 Index when it was still in its early stages. Two years later, it has raised €16m (approximately £13.3m) Series A funding led by GV (Google Ventures), and is well on its way to being recognised as one of the world’s leading legal tools.

Genie, an AI legal assistant, can draft complex legal agreements in minutes, not weeks. “Genie is changing the way businesses all over the world transact,” commented Vidu Shanmugarajah, Partner at GV.

• Omnea – £15.7m

Omnea, an AI-powered procurement platform, secured $20m (approximately £15.7m) in Series A funding in October. Traditional procurement processes are often bogged down by manual tasks and complex regulations. Omnea says its AI-powered solution streamlines these processes, automating workflows and providing real-time insights.

With this fresh infusion of capital, Omnea plans to expand and enhance its platform. Ben Freeman, Co-Founder and CEO, said: “Omnea is meeting a critical need for companies of all sizes to get full control over their suppliers – not just in terms of spend, but also through the lens of information security and governance.”

• Oriole Networks – £17m

Scroll a bit further down this page and you’ll find the Oriole name again. As recently as March it was announcing a fundraise of £10m. Seven months later, the company is again popping champagne after it raised a further £17m in an investment round led by Plural, the group run by government AI advisor Ian Hogarth.

• Shift Bioscience – £12m

Cambridge-based startup Shift Bioscience is pioneering the use of generative AI to reverse the ageing process. Yes, really. By leveraging AI models to simulate cellular behavior, the company claims it can identify genetic combinations that can rejuvenate cells and combat age-related diseases.

In October it secured $16m (around £12m) in seed funding led by BGF, helping it to get one step closer to the fountain of youth. “Shift’s well-developed platform represents a significant opportunity to address the growing challenges of treating age-related disease and illnesses,” said Tim Rea, head of early-stage investments at BGF.

• Dexory – £63m

At the start of October, UK robotics startup Dexory announced it has raised $80 million (approximately £63m) in Series B funding to build autonomous robots for warehouses. Led by investment firm DTCP, the startup says it will use the round to fuel US expansion and tech development.

Dexory’s AI-powered robot army is able to navigate warehouses, identify items, and improve efficiency. “The US is one of the biggest markets in the logistics space,” says founder and CEO Andrei Danescu. Could your next Amazon package be packed by a robot? Dexory might make it so.

September 2024

• Convergence – £9.4m

London-based AI startup Convergence emerged from stealth mode at the end of September to report it had raised $12 million (around £9.4m) in seed funding. Founded by former Shopify and Cohere engineers, Convergence’s AI agents are capable of using long-term memory.

Thanks to this USP the firm’s AI, Proxy, can reportedly automate tasks, assist with daily activities, and continuously learn from experiences. Proxy has now launched in beta and  founders Marvin Purtorab (CEO) and Andy Toulis (CTO) say it will revolutionise how we interact with technology.

August 2024

• Userled – £4m

Userled is the latest venture from experienced entrepreneurs, Yann Sarfati and Tristan Saunders, who have together built up eons of experience in tech powerhouses such as Salesforce and American Express. The startup aims to offer B2B audiences the tools they need to create “hyper-personalised” marketing campaigns. In August, it announced it had secured £4m in pre-seed funding.

Unlike other social media AI tools, Userled employs a unique Cookieless Fingerprinting and Identity Layer to understand customer behavior while prioritising data privacy. This innovative approach empowers marketers to create tailored campaigns without having to rely on traditional cookies.

• Gradient Labs – £2.8m

Started by ex-Monzo staff in 2023, Gradient Labs is a building an AI knowledge base that can be put to use as a powerful customer service agent for small businesses. The company claims to go further than RAG (Retrieval Augmented Generation); a popular approach for creating AI agents, but one that can only answer simple questions.

Just one year in, the London-based business is still in its early stages. But in August, it confirmed it has secured £2.8M in a seed round of funding, and says it plans to use the cash injection to advance its AI-driven solutions and build an agent that can offer more accurate and informative responses for SMEs.

July 2024

• Fractile – £11.2m

AI chip startup Fractile emerged from stealth mode at the end of July with an announcement it had raised $15m (around £11.7m) in seed funding. The startup was founded in 2022 by CEO Walter Goodwin, who holds an Oxford PhD in AI and robotics, to manufacture world-leading chips that can be used in new AI products.

Commenting on the new investment, Goodwin said: “This is more than just a speed-up – changing the performance point for inference allows us to explore completely new ways to use today’s leading AI models to solve the world’s most complex problems.” Fractile will be hoping to topple Nvidia, a US-based chip manufacturer that currently dominates the market.

• Xapien – £8m

Xapien is a London-based AI company specialising in due diligence, a growing concern for today’s business owners operating in a global market. At the end of July, it secured a substantial £8 million investment in a Series A funding round led by YFM Equity Partners. The new money brings its total investment to £14 million.

Leveraging advanced AI and natural language processing, Xapien offers rapid, in-depth background checks, enabling businesses to assess potential partners and mitigate risks efficiently. James Savage, Partner at YFM, says Xapien “is poised to expand into new areas, enhancing its product, growing its team, and extending its geographical reach”.

• Hey Savi – £2.2m

Ever seen a photo of someone wearing a great top on the internet and wondered where they bought it from? London-based Hey Savi’s AI-powered app allows consumers to find an item they love, in a size that fits, in just one snap, for a highly personalised solution for shoppers.

Hey Savi secured £2.2m in funding in mid-July, making it only the second ever entirely female-founded UK tech company to raise over £2m at pre-seed. It’s still in the MVP stage, but Series A funding could be the next outfit that Hey Savi tries on.

Victoria Peppiatt, Co-founder and Co-CEO, commented on the funding: “The response to our raise has been phenomenal. The huge support we’ve received from high profile investors has both validated the potential of our product and reaffirmed the market opportunity. We are incredibly proud of the fact that 54% of our investors are female.”

June 2024

• Stability AI – £61m

Generative AI startup, Stability AI has had an (ironically) unstable path to power. Having received a $1bn valuation in 2022, it has since struggled with leadership changes and fundraising rounds, apparently due to the lack of a business model.

Thankfully, after the high-profile exit of its founder and CEO Ema Mostaque earlier this year, Stability has raised new funds and appointed a new top boss. Its 200 employees will be hoping that the $80m (£61m) cash injection can get the firm back on track in 2024.

• CuspAI – £27m

Like many AI startups, CuspAI is an incredibly complicated business idea. Put simply, it uses generative AI to design completely new materials, by asking a computer to give it specific properties. It’s a mad, futuristic concept that has so far won $30m (£27m) in seed funding.

According to TechCrunch, co-founder and CEO (as well as world-leading chemist) Chad Edwards says: “we think we’re entering the ‘materials-on-demand’ era”.

• Wordsmith – £3.86m

TechCrunch gave a rather pointed description this June when it wrote that legal tech startup, Wordsmith had “somehow” managed to attract the attention of two venture capitalists. The brand raised $5m (£3.86m) with its AI platform for in-house legal teams and law firms.

Still, that a small Scottish startup has gained such attention is surprising. Investors include the former CEO of tech unicorn Skyscanner. TrustPilot is already a customer. Wordsmith is proof that UK AI tech startups don’t need to be based near Old Street to be successful.

May 2024

• Wayve – £800m

May saw the unveiling of the UK’s largest AI investment to date. Wayve, a self-driving car startup, secured a record-breaking investment worth $1.05bn (£800m), as part of a funding round led by Japan’s SoftBank.

Founded by New Zealand-native, Alex Kendall, Wayve uses embodied AI to teach its computers to drive in the same way that humans take driving lessons.

The investment means the brand has instantly been catapulted to unicorn status while Kendall has become a recognisable face on the AI market. The then-Prime Minister, Rishi Sunak said the deal “anchors the UK’s position as an AI superpower”.

• PolyAI – £38.5m

Barely a week after Wayve announced its funding news, PolyAI announced it had raised $50m (£38.5m) to power its AI voice assistant technology for call centres.

The London-based startup was founded as a spinout from the University of Cambridge. It appeared in the Startups 100 top ten back in 2023.

The Series C funding round has resulted in the startups securing a £500m valuation, making it one of the most successful AI businesses in the UK today.

April 2024

• Jigsaw – £12m

One of the biggest startup success stories from 2023 came from Mistral AI, a French generative AI tool that Microsoft valued at €2 billion and one of the fastest growing startups globally. Now the backers behind Mistral have invested in another startup: Jigsaw.

Founded in 2019, Jigsaw generates all the materials required for complex business deals. For example, corporate structure charts, organisational charts, data flows and more. Based in London, it raised £12m in early April and has already begun expanding into the US.

• Lawhive – £9.5m

Describing itself as “Shopify for Law”, Lawhive has built an LLM-powered “AI lawyer” which is designed to allow SMEs to access high-quality legal support without the need to hire an entire legal team.

In mid-April, the startup raised £9.5m in a funding round led by investment firm GV. It also previously secured £1.5m in a funding round held two years prior.

• Qureight – £6.8m

Qureight is a rapid detection tool that uses AI to crunch vast healthcare datasets to help clinicians diagnose health problems faster, and more accurately. After previously raising £1.5m in a funding round in February 2022, it secured a further £6.8m in mid-April.

“Use of AI to accelerate drug discovery is one of the hottest opportunities in VC right now,” said Guinness Ventures investment officer, Dr Malcom King, who participated in the round.

March 2024

• Haiper – £10.6m

Founded in late 2021 by two Oxford PhD students, Haiper’s no-code video generation software enables anyone, regardless of tech prowess or graphic design experience, to easily generate high-quality video content by inputting just a few lines of instructions.

Haiper emerged from ‘stealth mode’ (where a startup attempts to stay hush as long as possible to avoid attracting unwanted market attention) back in March and it will never be able to go back, after raising a very loud $13.8m (£10.6m) in a seed round.

• Oriole Networks – £10m

Oriole launched in 2023, but it has already passed a significant milestone by raising £10m in seed funding. The startup, which seeks to boost AI system performance by harnessing the power of light (we’re lost already), raised the money with support from Innovate UK.

Speed is everything at Oriole. With its novel approach, Large Language Models can be trained up to a hundred times faster while using much less energy than rival software. Plus, the founders estimate the technology will be available to B2B customers in just a few years.

February 2024

• Baseimmune – £9m

Baseimmune, a biotech company that uses deep learning to generate new vaccines, was founded in 2019 by three University of Oxford PhD students. With the COVID-19 pandemic beginning just after launch, their mission statement has since resonated with investors.

The startup secured £9m in a Series A funding round in February, led by new investors MSD Global Health Innovation Fund and IQ Capital. CEO and co-founder, Joshua Blight said the cash will help to “expedite the delivery of impactful vaccines against future viruses.”

• Lilli – £8.2m

Lilli is a remote monitoring tool for people who need social care. Using smart home sensors to track everything from the temperature a radiator is set at, to the number of times a toilet is flushed, to flag potential problems before the user can notice them.

The company, based in Woking, UK, announced it had raised £8.2m in Series A funding back in February. CEO Gren Paull said he is excited about the potential Lilli has to help users maintain their independence at home for as long as possible.

• Mondra – £3.6m

Founded by Jason Barrett in 2020, Mondra’s platform enables food businesses to record, share and monitor environmental data using clever automation tools, allowing the measurement and management of Scope 3 carbon emissions.

As food retailers, including big supermarkets, seek to reach Net Zero, Mondra will likely find its way onto more IT systems. That’s why the startup raised £3.6m at the end of February, and has already won partnerships with brands including Sainsbury’s and Starbucks.

January 2024

• ElevenLabs – £61m

Mati Staniszewski was just 27-years-old when he founded ElevenLabs in 2022. The London-based AI startup that employs AI to generate voices used for video dubbing.

Two years later, the company has now taken on unicorn status after it secured $80m (£61m) in a Series B funding round led by a US-based venture capital firm.

Wary of being part of the AI bubble, Staniszewski, a former Palantir employee, told the Evening Standard that the money will be used for R&D to surpass rivals. “We realise the next few years are critical to stay at the forefront of technology”, he said.

• Recraft – £9.2m

Founded in 2022, Recraft, a London-based generative AI startup, raised €11m (£9.2m) in Series A funding in a round led by Khosla Ventures. The company is unique in being one of the few female-led generative AI platforms, and amassed over 300,000 users in its first year.

In a supportive move for the startup community, Recraft also released the pitch deck that won it funding from well-known business leaders including HubSpot co-founder, Dharmesh Shah. Budding entrepreneurs can also read our guide on how to design a pitch deck for tips.

• OpenDialog – £6.1m

Conversational AI is nothing new. Tools like ChatGPT and Gemini Advanced are now used by thousands of businesses everyday. But OpenDialog, a no-code platform, is specifically designed for regulated industries such as insurance and healthcare.

Businesses can then build AI-powered chatbots and digital assistants using OpenDialog, tailored to meet unique industry laws. As a novel tool answering one of the key challenges for regulated sectors, OpenDialog raised $8m (£6.1m) in Series A funding this January.

• Wondercraft – £2.36m

Any startup that receives funding from Dragon’s Den favourite, Steven Bartlett grabs headlines, and Wondercraft was no different. In mid-January, the audio editing startup announced it had raised $3m (£2.36m) in an investment round led by Will Ventures.

Having only launched as a Beta in 2023, the company has already amassed 30,000 users. “I believe [the Wondercraft] product is the future of audio production for creators and publishers so I couldn’t be more excited to be on board”, Bartlett said in a press release.