Weekly Briefing: healthtech, AI and supply chain drive £120.9M in UK startup funding (16–20 Feb 2026)
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It's Friday, 20 February, and this is your Startupmag Weekly Briefing.
Investors backed a mix of later-stage raises and early-stage bets across healthtech, AI and supply chain during the week. The largest rounds targeted infrastructure and satellite AI, while many smaller healthtech and logistics startups closed seed rounds.
Agentic AI and infrastructure
Startups building AI agents, developer infrastructure and applied machine learning dominated this week’s raises as investors focus on tools that help models remember, act and remain aligned with enterprise data. The market shows a clear tilt towards agentic workflows and databases tuned to support them.
Notable rounds include FYLD’s £32 million raise to scale a video-based AI platform for frontline safety and compliance, a round led by Energy Impact Partners intended to fund product development and US expansion. SurrealDB closed a £17 million Series A extension to accelerate adoption of its multi-model database, which embeds agent memory and context graphs. Toyo picked up £3 million in seed funding, led by Frontline Ventures, to build cloud-hosted AI agents that automate founders’ operational tasks and integrate with existing workflows.
Taken together, the deals underline a two-sided bet: investors are backing both the agents themselves and the infrastructure that keeps data and context aligned. Whether that will deliver production-ready agentic tools or mainly accelerate enterprise trials is still uncertain.
This week's AI deals:
FYLD raised a £32m Series B to scale its video-based AI platform for frontline safety and compliance in infrastructure sectors. The capital, led by Energy Impact Partners with Partech and others, will support product and US expansion as the company grows rapidly.
SurrealDB raised a £17m Series A extension to accelerate adoption of its multi-model database for AI agents. The funding will support enterprise readiness for SurrealDB 3.0, which embeds agent memory and context graphs to keep models and data synchronised.
Toyo raised £3m seed funding to build cloud-hosted AI agents that perform founders' operational tasks securely. The round, led by Frontline Ventures, will fund development of agent infrastructure and integrations for founder-facing automation.
Fintech and regulated digital payments
Investment this week reinforced a divide within financial innovation: AI-driven finance tooling on one side and payments infrastructure for regulated digital money on the other. Startups are targeting both automation of complex finance workflows and the plumbing needed for regulated settlement rails.
Stacks closed a £17 million Series A to expand an AI-driven accounting workspace that automates reconciliations and month-end close, a raise intended to scale enterprise deployments and further develop agentic finance tools. Ubyx accepted a strategic, undisclosed investment from AB Xelerate to build infrastructure for regulated stablecoins and cross-border settlement, aiming to fund a shared network for regulated digital money across chains and jurisdictions.
The dual focus could shape how enterprises adopt blockchain-native settlement alongside more traditional automation tools, with both categories likely to advance in parallel rather than one supplanting the other.
This week's Fintech & Blockchain deals:
Stacks closed a £17m Series A to expand its AI-driven accounting workspace that automates reconciliations and month-end close. The round, led by Lightspeed, will help the company scale enterprise deployments and further develop its agentic finance tools.
Ubyx took a strategic investment from AB Xelerate to develop infrastructure for regulated stablecoins and cross‑border settlement. The size of the investment was undisclosed; proceeds will back a shared network for regulated digital money across chains and jurisdictions.
Healthtech, biotech and regulatory tooling
Funding this week spanned capital‑intensive biotech and smaller teams building clinical and regulatory tools, signalling investor appetite across the healthtech stack from manufacturing to medtech safety and AI-driven clinical platforms.
Tozaro raised £6 million to commercialise a smart polymer platform intended to lower the cost of viral vector manufacture and support gene and cell therapy partnerships. ClotProtect secured £1.2 million, combining Innovate UK support and angel investment, to advance medtech solutions that reduce preventable patient harm from blood clots. Nul closed a £733,000 seed round to expand a telehealth alcohol‑reduction programme that combines behavioural support with naltrexone as it prepares for international growth. Klaris raised £880,000 to automate regulatory documentation for medical device approvals using AI, funding engineering and product hires to speed up submissions across the EU and UK.
Collectively these deals show backers supporting upstream manufacturing, clinical programmes and regulatory automation. Regional clusters remain visible, but investors are also enabling cross‑border ambitions as companies ready themselves for larger clinical and commercial milestones.
This week's Healthtech & Biotech deals:
Bedfordshire biotech Tozaro raised £6m to commercialise its smart polymer platform for cheaper viral vector manufacture. The funding will help the company form partnerships and scale production to reduce the cost of gene and cell therapies.
ClotProtect raised £1.2m to advance its medtech solutions aimed at reducing preventable patient harm from blood clots. The funding combines Innovate UK support and angel investment and will be used for product development, clinical progression and commercial scaling.
Nul raised £733k (reported GBP equivalent) to expand its telehealth alcohol‑reduction programme combining behavioural support and naltrexone. The seed round will fund a full UK commercial launch, team growth and preparations for international expansion.
Klaris closed a £880k pre-seed to automate regulatory documentation for medical device approvals using AI. The funding will scale engineering and product teams to help manufacturers identify compliance gaps and speed up submissions across the EU and UK.
Marketplaces, procurement and fulfilment
Logistics, procurement and ecommerce marketplaces attracted capital this week as startups scale algorithmic matching, automation and cross‑border expansion to serve growing brands. The emphasis is on reducing operational friction for retailers through better matching and procurement systems.
Fulfilment.com secured up to £4 million in a late seed round to scale an algorithmic marketplace that matches brands with 3PL fulfilment partners and to fund international expansion. Advantiv received a £3.5 million investment from the Investment Fund for Wales to support UK expansion, open new locations and invest in procurement automation systems. Made With Intent raised £2.4 million, led by NPIF II – PXN Equity Finance, to grow an AI‑powered ecommerce intent platform that personalises onsite experiences and to hire for international expansion.
Investors appear willing to back both marketplace matching models and procurement tools. The involvement of public funds suggests a continued role for government‑backed capital in later seed rounds as firms scale.
This week's Commerce, Supply Chain & Marketplaces deals:
Fulfilment.com secured up to £4m in a late seed round to scale its algorithmic marketplace that matches brands with 3PL fulfilment partners. The investment will fund team growth and international expansion of the logistics-matching platform.
Advantiv received a £3.5m investment from the Investment Fund for Wales to support UK expansion and procurement automation. The cash will be used to open new locations, hire staff and invest in systems to scale the industrial services business.
Made With Intent raised £2.4m to expand its AI-powered ecommerce intent platform that personalises onsite experiences. The funding, led by NPIF II – PXN Equity Finance, will support hires and international growth as the company scales its product and agentic features.
Hardtech, greentech and sovereign infrastructure
Capital is moving into hardtech and infrastructure that support sovereign capabilities and decarbonisation, with investors funding space sensing, on‑site renewables and platforms designed to reduce device and connectivity waste.
SatVu raised £30 million to build a constellation of thermal‑imaging satellites for defence and critical‑infrastructure monitoring, a round led by the NATO Innovation Fund to accelerate launches and scale a sovereign thermal intelligence offering. GW Power‑Safe secured a £500,000 loan from NPIF II to complete an HQ fit‑out and pursue larger public‑sector decarbonisation projects. Meaningful Planet closed an undisclosed seed round led by SFC Capital to roll out an intelligent mobile connectivity platform that reduces business mobile waste through predictive analytics and carbon‑neutral connectivity.
These deals point to investor appetite for both sovereign‑ready capabilities and commercial decarbonisation technologies. The repeated presence of public and institutional backers signals that these sectors are seen as strategically important as well as commercially viable.
This week's Greentech & Hardtech (Space, Energy, Infrastructure) deals:
SatVu raised £30m to build a constellation of thermal-imaging satellites for defence and critical‑infrastructure monitoring. The funding, led by NATO Innovation Fund and others, will accelerate launches and scale its sovereign thermal intelligence offering.
GW Power-Safe secured a £500k loan to finish an HQ fit-out and support public‑sector decarbonisation projects. The funding from NPIF II will help the renewables specialist take on larger projects and showcase retrofit and onsite renewable installations.
Meaningful Planet closed seed funding led by SFC Capital to roll out an intelligent mobile connectivity platform that reduces business mobile waste. The startup combines predictive analytics with carbon‑neutral connectivity and will use the money to grow the service and customer base.
🎧 That's this week's Startupmag Weekly Briefing.
See you next Friday for another look at the UK startup scene.