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The London TechWatch Startup Daily Funding Report: 10/12/2020

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The latest venture capital, seed, pre-seed, and angel deals for London startups for 10/12/2020 featuring funding details for Papercup, Cleo, and much more. This page will be updated throughout the day to reflect any new fundings.

Papercup
£8M - Series B


Papercup, an AI-powered platform that recreates your voice in other languages, has raised £8M in Series B funding from investors that include LocalGlobe, Entrepreneur First, BDMI, Sands Capital Ventures, Sky UK, GMG Ventures, and Guardian Media Group. Founded by Jesse Shemen and Jiameng Gao in 2017, Papercup has now raised a total of £8M in reported equity funding.
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Cleo
$44M - Series B


Cleo, an AI-powered personal finance assistant to help users better manage their spending, budgets, and goals, has raised $44M in Series B funding from investors that include Balderton Capital, LocalGlobe, EQT Ventures, and SBI. Founded by Barnaby Hussey-Yeo in 2016, Cleo has now raised a total of $57.3M in reported equity funding.
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Phasecraft
£3.7M - Seed


Phasecraft, the quantum computing software company that's using quantum theory to potentially lead to the development of new types of materials for use in industry and chemistry, has raised £3.7M in Seed funding from investors that include LocalGlobe, Episode1, UCL Technology Fund, Parkwalk Advisors, London Co-investment Fund. Founded by Ashley Montanaro, John Morton, Simone Severini, and Toby Cubitt in 2018, Phasecraft has now raised a total of £4.45M in reported equity funding.

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