Growth-stage software investors in the UK
Growth-stage companies are raising larger rounds to scale, usually led by later-stage funds, with early investors often still holding. Software is the most heavily backed sector in the UK, from B2B SaaS and developer tools to AI products. Rounds tend to be frequent and fast, and angel syndicates often sit alongside seed funds. 587 investor-backed growth-stage software and it companies are in Pulse, and 41 raised a first funding round in the last year.
- Investor-backed companies
- 587
- Active investors, 2 years
- 6,339
- Rounds, 2 years
- 804
- Median round
- £1.57m
Who is investing
In the last two years 1,459 funds, firms and family offices and 4,870 angels took shares in growth-stage software and it companies, with the latest round in Nov 2026. These are the firms backing the most of these companies:
| Firm | Type | Companies |
|---|---|---|
| Odin Investments Limited | Fund or investment firm | 24 companies |
| Scout Fund VII, LP | Fund or investment firm | 21 companies |
| Octopus Ventures | Fund or investment firm | 16 companies |
| SyndicateRoom | Fund or investment firm | 14 companies |
| Atomico Angel Programme IV, LLC | Fund or investment firm | 13 companies |
| Molten Ventures | Fund or investment firm | 13 companies |
| Fund III, A Series of Explorer34 Fund, LP | Fund or investment firm | 12 companies |
| Seedcamp IV LP | Fund or investment firm | 12 companies |
See all 6,339 active investors, including angels, with what they've backed, estimated cheque sizes and who they invest alongside.
Rounds and valuations
Over the last two years, 804 funding rounds were raised by growth-stage software and it companies, an estimated £7.63bn, with a median round of about £1.57m. 41 of the companies raised their first priced round in the last 12 months. 27% of these valuations carry a High confidence rating.
How Software and IT compares
Software and IT companies make up 1% of the 74,284 investor-backed companies in Pulse. The median round of £1.57m is above the £176k median for the whole UK market. The most active firm in these companies is Odin Investments Limited, in 24 companies.
Questions
How many investors back growth-stage software and it companies?
Pulse found 6,339 outside investors taking shares in growth-stage software and it companies in the last two years: 1,459 funds, firms and family offices, and 4,870 angels.
How much do growth-stage software and it companies raise?
Over the last two years 804 rounds were raised, an estimated £7.63bn in total. The median round was about £1.57m.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 27% of recent valuations here carry a High confidence rating; the rest are marked Medium or Low.
Can I see every investor?
Pulse subscribers see every outside investor by name, with portfolios and co-investors, from £39.99 a month plus VAT (£47.99 inc. VAT). Contact details are not included and names are not linked to personal profiles.