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UK Startups and Innovation
31JUL

Humanoid hit $1.35bn on a customer order

3 min read
12:32UTC

Humanoid raised $152m at a $1.35bn valuation on 21 July, with Bosch and Schaeffler acting as investors, customer and contract manufacturer at the same time. Greenjets took £30m with NATO's venture arm and the UK Government's own national-security investment fund on the register. Dealroom projects UK tech to reach $34.2bn this year, though a single round accounted for 57% of the week's disclosed total.

Key takeaway

Industrial buyers, not demo-stage investors, are pricing British hardware this month.

This briefing mapped
Economic
Regulatory

Humanoid raised $152m at a $1.35bn valuation on 21 July. Schaeffler and Bosch signed as investors, customer and factory at the same time.

Sources profile:This story draws on neutral-leaning sources

Humanoid raised $152m on 21 July, valuing the London robotics startup at $1.35bn. Bosch and Schaeffler backed the round, and Schaeffler also agreed to buy robots for its own factories.

Bosch will also build the robots, doubling as investor and factory. That triple role is unusual, and Schaeffler's factory floor will be the real test of whether the deal delivers. 

Sources:Forbes·UKTN·Humanoid

Blossom Capital led a £30m Series A into Bedford's Greenjets on 21 July, with a NATO fund and the UK Government's own dual-use investor following.

Sources profile:This story draws on neutral-leaning sources

Bedford company Greenjets raised £30m on 21 July for electric aircraft engines, backed by Blossom Capital, NATO's Innovation Fund, and the UK Government's own defence-tech investment arm.

The firm has worked on electric propulsion for 21 years. Investors from a military alliance and the state see quiet, battery-powered engines as useful for defence, not just cheaper flights. 

Dealroom's UK page now shows $17.1bn raised across the first half of 2026 and projects $34.2bn for the year, a 45% rise on 2025.

Sources profile:This story draws on neutral-leaning sources

Data platform Dealroom said on 23 July that UK startups could raise $34.2bn this year, a 45% jump on 2025. That figure is based on $17.1bn already raised in the first half.

That $34.2bn is a forecast, not cash already banked. One deal alone, CuspAI's £335m round, supplied more than half of one week's total; we reported it on 22 July. 

Sources:UKTN·Dealroom

Moa Technology, an Oxford Plant Sciences spinout, closed a £22.2m Series C on 23 July after screening more than 900,000 compounds for herbicides that weeds have not yet defeated.

Sources profile:This story draws on neutral-leaning sources

Oxford spinout Moa Technology raised £22.2m on 23 July to fight herbicide-resistant weeds, after screening more than 900,000 chemical compounds for new ways to kill them.

Farmers have had no new herbicide mechanism in decades, so a working one would be valuable. Nothing here has been proven safe or effective in a real field yet. 

STFC published project-level prioritisation outcomes on 27 July: the particle physics, astronomy and nuclear physics budget falls 2.7% over four years while the council's core budget stays flat.

Sources profile:This story draws on neutral-leaning sources

The Science and Technology Facilities Council published new funding details on 27 July. Its Science budget will fall 2.7% over four years, even as its overall budget stays flat.

Money is shifting from research projects to repairing old buildings and equipment, and one facility, Clara, is being mothballed. Council chair Michele Dougherty calls the result a more focused portfolio. 

Arrakis, a London AI company, raised £22.5m on 24 July led by Blossom Capital, three days after the same fund led a twenty-one-year-old propulsion firm.

Sources profile:This story draws on neutral-leaning sources

London AI company Arrakis raised £22.5m on 24 July, led by Blossom Capital with Accel and Global Founders Capital joining in.

It was Blossom's second lead investment in three days, after backing Bedford propulsion firm Greenjets days earlier. Blossom backed both hardware and software ventures in the same week. 

Sources:UKTN

Cambridge healthtech TidalSense raised £14.2m on 24 July from four investors, none of them disclosed as leading the round.

Sources profile:This story draws on neutral-leaning sources

Cambridge health-tech firm TidalSense raised £14.2m on 24 July from four investors, with no single lead investor named.

That's unusual: most rounds have one investor who sets the price and terms for everyone else. TidalSense's backers likely already knew the company well enough to skip that step. 

Sources:UKTN

Modo Energy raised £12.7m on 22 July from CIBC Innovation Banking, a lending arm rather than a venture fund.

Sources profile:This story draws on neutral-leaning sources

Energy data company Modo Energy raised £12.7m on 22 July. The money came as a loan from a Canadian bank's technology-lending arm, not a funding round.

Modo's owners keep their shares under this deal, unlike with equity investors. But the company must repay the money on a fixed schedule, whether or not the business hits its targets. 

Sources:UKTN

The British Business Bank committed £10m on 23 July to Odyssey Ventures, a $50m seed fund run from London and San Francisco to get UK founders American capital early.

Sources profile:This story draws on neutral-leaning sources

The British Business Bank put £10m into Odyssey Ventures on 23 July. The commitment backs a new $50m fund for early-stage startups, run from London and San Francisco.

The money came through the Bank's Regional Angels Programme. That scheme channels state cash through fund managers rather than into single companies directly. 

The British Business Bank reported on 27 July that its South West Investment Fund has deployed £157m across 283 businesses since launching in July 2023.

Sources profile:This story draws on neutral-leaning sources

The British Business Bank said on 27 July that its South West Investment Fund has now put £157m into 283 businesses. The fund launched in July 2023.

Roughly half the money came straight from the Bank, and half came from private co-investors. That spread small cheques widely rather than betting big on one company. 

Closing comments

Sideways for now, tipping on two named triggers: a disclosed purchase order from Schaeffler before Humanoid's Q4 2026 beta would convert the industrial-buyer thesis from mechanism to proof, while its absence would leave Forbes' 100,000-unit figure exactly what it is, a forward projection. Separately, whether NSSIF writes a second propulsion or materials cheque within two quarters decides if Greenjets was a template or an outlier inside a fund that has so far favoured drones and cyber.

Different Perspectives
UK founders raising seed through Series A
UK founders raising seed through Series A
A London robotics founder raised $152m this week against a signed industrial customer and a reserved factory, while a Cornwall founder more typically draws a £25,000 loan from a regional fund manager. Both call it British venture funding, but one route runs through Bosch's production line and the other through diligence built for businesses too small for any VC's attention.
Bosch and Schaeffler
Bosch and Schaeffler
Schaeffler signed what Humanoid calls the industry's largest publicly announced commercial agreement, while Bosch took equity and became contract manufacturer, filling capacity a shrinking combustion supply chain freed. Neither company has disclosed a unit count or an invoice, so their public commitment stops well short of Forbes' 100,000-unit projection.
Prime Movers Lab
Prime Movers Lab
Prime Movers Lab led Humanoid's Series A on 21 July as the round's only pure financial investor, sharing the cap table with two co-investors who are also the anchor customer and the factory. That leaves the fund's usual arm's-length pricing role diluted by partners with a direct commercial stake in the valuation holding up.
NATO Innovation Fund
NATO Innovation Fund
The Fund joined Greenjets' £30m Series A on 21 July alongside NSSIF, betting on ducted electric propulsion's civil market to fund a technology with an obvious defence application. It is backing a company that took twenty-one years to reach this stage, on the expectation that certification-cycle timelines reward patient capital over a quick return.
Fubon Financial
Fubon Financial
Fubon Financial joined Humanoid's Series A on 21 July as a minority financial investor alongside Schaeffler and Bosch, who also hold the customer and manufacturer roles. A pure-play investor from Taipei is pricing a London robot maker on terms two German industrial groups effectively set.