KHP Ventures, a London-based VC firm, has announced the launch of its €24.1 million (£20M) “Innovations in Mental Health (IMH) Fund,” the first NHS-partnered venture fund in Europe.
Molyon, a Cambridge-based startup pioneering next-generation lithium-sulfur (Li-S) batteries, has raised €4.3 million ($4.6 million USD) in its first funding round. The round was co-led by IQ Capital and Plural, with the funds directed toward scaling its team and manufacturing at its pilot facility in Cambridge.
Bristol-based Vertical Aerospace, a leader in sustainable electric aviation, has secured €47.6 million ($50 million USD) in funding as part of a €171.1 million ($180 million USD) financial restructuring deal with Mudrick Capital Management. This funding bolsters Vertical’s financial stability and supports its ambitious Flightpath 2030 Strategy.
London-based Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has raised €351.8 million ($370 million USD) in Series C funding.
Workflow, a London-based AI software company founded by former Instagram and Yelp team members, has raised €2.8 million in pre-seed funding. The round was led by Venrex, with participation from 8VC, Sequoia scouts, Octopus, and Index Ventures, along with backing from notable industry founders.