TLDR:
- Tangent secures £868K pre-seed investment to bolster social mobility in tech.
- GridBeyond closes £44.62M Series C round to continue its platform evolution and invest in new markets.
Every week, Maddyness brings you the latest investment news from the UK startup ecosystem. This week, London-based Tangent received a £868K pre-seed investment to enhance social mobility in the tech industry. The funding round included contributions from Zinc VC, Google Black Founders Fund, and others. Tangent, founded by Gary Izunwa and Joe Adams, connects jobseekers from low socioeconomic backgrounds with tech employees for mentoring and referrals. This initiative is particularly timely as recent data shows a lack of diversity in the UK tech workforce.
GridBeyond secured a £44.62M Series C financing round led by Alantra’s Energy Transition Fund, Klima. The investment will support GridBeyond’s intelligent energy and smart grid platform, helping to bridge the gap between distributed energy resources and the requirements of the power grid.
