This week’s UK tech funding deals include iFast Diagnostics, which determines effective antibiotic use based on bacteria scans, Artio, which provides insurance products to carbon projects and more.

UKTN tracked £16.2m worth of UK tech investment this week (4 November to 8 November), a 39% week-on-week decrease across five funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

iFAST Diagnostics – £5m

Sector: Health tech

HQ: London

Round: Seed

Investors: KHP Ventures, Qantx, UKI2S (managed by Future Planet Capital), Kadmos, EInk, RAW Ventures, OKG Capital and angels

Founded in 2022, iFast Diagnostics has developed technology to determine the most effective antibiotics for different bacteria.

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Research Grid – £5m

Sector: AI/health tech

HQ: London

Round: Seed

Investors: Fuel Ventures, Arve Capital, Ada Ventures, Morgan Stanley Inclusive Venture Lab, Arāya Ventures, Ascension Ventures, Plug and Play Ventures, and Atomico Angels…