# Literal Labs funding: rounds and investors

> Literal Labs has raised $11M across 2 rounds since 2024. Investors include Mercuri VC, Northern Gritstone and Sure Valley Ventures. Every round with its source.

Source: https://millionrounds.com/company/literal-labs (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Literal Labs*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Semiconductors

Funding summary Updated 26 Oct 2026

**$11M** raised across 2 rounds since 2024, from 2 sources

**$5.2M** Round **$6.2M** Pre-seed

- **Latest round:** Pre-seed, $6.2M Jun 2025
- **Step-up i:** 1.2×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

**$5.2M** Round

**$6.2M** Pre-seed

- **First round:** Round, $5.2M
- **Biggest round:** $6.2M
- **Between rounds:** 5 months

## The rounds

- **Jun 2025** Pre-seed **$6.2M** *3 new* [Mercuri VC](https://millionrounds.com/fund/mercuri) [Northern Gritstone](https://millionrounds.com/fund/northern-gritstone) [Sure Valley Ventures](https://millionrounds.com/fund/sure-valley-ventures) Source recorded
- **Dec 2024** Round **$5.2M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Literal Labs filed 3 raises, $5.8M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2025 **$677K** UK share allotment
- Jan 2025 **$334K** UK share allotment
- Dec 2024 **$4.8M** UK share allotment

## Founders and team

From Literal Labs's own website: 2 founders, 7 on the team.

**Professor Alex Yakovlev** Co-founder

**Professor Rishad Shafik** Co-founder

- **Noel Hurley** Chief Executive Officer
- **Leon Fedden** Chief Technology Officer
- **Mike Park** Chief Financial Officer
- **Daniel P Dykes** Head of Product
- **Jem Davies** Non-Executive Director
- **Jim Darragh** Non-Executive Chairman
- **Professor Ole-Christoffer Granmo** Technical Steering Committee, Chair

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2024 **Pre-seed** 2025 [Mercuri VC](https://millionrounds.com/fund/mercuri) [Northern Gritstone](https://millionrounds.com/fund/northern-gritstone) [Sure Valley Ventures](https://millionrounds.com/fund/sure-valley-ventures)

## Everyone who backed them

[Mercuri VC](https://millionrounds.com/fund/mercuri) VC firm **1** round

[Northern Gritstone](https://millionrounds.com/fund/northern-gritstone) VC firm **1** round

[Sure Valley Ventures](https://millionrounds.com/fund/sure-valley-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=literal-labs).

## Also claim to have backed them

This firm lists Literal Labs as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Dhuna Ventures](https://millionrounds.com/fund/dhuna-ventures) VC firm Per its own site

## Quick answers about Literal Labs

### Who invested in Literal Labs?

Literal Labs's investors include Mercuri VC, Northern Gritstone and Sure Valley Ventures.

### How much has Literal Labs raised?

Literal Labs has raised $11M across 2 rounds since 2024.

### When did Literal Labs last raise?

Literal Labs's most recent round was a Pre-seed of $6.2M in Jun 2025.

### What was Literal Labs's biggest round?

Its most recent round, $6.2M in Jun 2025, is also its largest on record.

### Who backed Literal Labs first?

Literal Labs's first round on record, in Jun 2025, was backed by Mercuri VC, Northern Gritstone and Sure Valley Ventures.

### What stage is Literal Labs at?

Literal Labs's latest named round is a Pre-seed, in Jun 2025.

### Where is Literal Labs based?

Literal Labs is based in the United Kingdom.

## Companies like Literal Labs

In the same sector, and raised in the last eighteen months.

[**Salience Labs** $169M · Oct 2026](https://millionrounds.com/company/salience-labs)[**MintNeuro** $26M · Oct 2026](https://millionrounds.com/company/mintneuro)[**SCI Semiconductor** $13M · Sept 2026](https://millionrounds.com/company/sci-semiconductor)[**Kubos Semiconductors** $4.7M · Aug 2026](https://millionrounds.com/company/kubos-semiconductors)[**OLIX** $532M · Aug 2026](https://millionrounds.com/company/olix)[**CuspAI** $950M · Jul 2026](https://millionrounds.com/company/cuspai)

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