South West tech firms raise £176m in July

Tech businesses in the South West raised £176m in equity funding in July, according to figures from techSPARK. 

The investment almost doubled the equity funding raised during June and suggests the region's most promising startups and scaleups are in strong health despite the economic uncertainty caused by 18 months of the coronavirus. 

Among those to raise eye-catching investment rounds were Britol haptic technology developer Ultraleap, which secured a $50m cash injection as part of its Series D round, and Bournemouth-based edtech platform Kortext, which raised £15m from dmg ventures. 

A full breakdown of the companies involved in the bumper month of funding can be found here.