# QLM Technology funding: rounds and investors > QLM Technology has raised $19M across 3 rounds since 2022. Investors include SFC Capital, Seraphim Space and Development Bank of Wales. Source: https://millionrounds.com/company/qlm-technology (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Seed startup](https://millionrounds.com/companies) # Who invested in *QLM Technology* 3 rounds we have observed, with the 4 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. IoT Funding summary Updated 26 Oct 2026 **$19M** raised across 3 rounds since 2022, from 3 sources **$14M** Round **$240K** Round **$4.7M** Seed - **Latest round:** Seed, $4.7M Sept 2025 - **Biggest round:** $14M Round · Aug 2022 - **Step-up i:** 19.6× - **Investors:** 4 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. 2023 2024 2025 **$14M** Round **$240K** Round **$4.7M** Seed - **First round:** Round, $14M - **Biggest round:** $14M - **Usual gap between rounds:** 2.9 years ## The rounds - **Sept 2025** Seed **$4.7M** *4 new* [SFC Capital](https://millionrounds.com/fund/sfc-capital) [Seraphim Space](https://millionrounds.com/fund/seraphim-space) [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) [The FSE Group](https://millionrounds.com/fund/the-fse-group) Source recorded - **Oct 2022** Round **$240K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Aug 2022** Round **$14M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators QLM Technology filed 2 raises, $15M in all. Filings say how much was sold and to how many investors; they never name the investors. - Oct 2022 **$240K** UK share allotment - Aug 2022 **$14M** UK share allotment ## Founders and team From QLM Technology's own website: 2 on the team. - **Paul Hughes** Chief Executive Officer - **Chris Wardle** Chief Operations Officer ## 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** 2022 **Round** 2022 **Seed** 2025 [SFC Capital](https://millionrounds.com/fund/sfc-capital) [Seraphim Space](https://millionrounds.com/fund/seraphim-space) [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) [The FSE Group](https://millionrounds.com/fund/the-fse-group) ## Everyone who backed them [SFC Capital](https://millionrounds.com/fund/sfc-capital) Angel network **1** round [Seraphim Space](https://millionrounds.com/fund/seraphim-space) VC firm **1** round [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) Government **1** round [The FSE Group](https://millionrounds.com/fund/the-fse-group) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=qlm-technology). ## Quick answers about QLM Technology ### Who invested in QLM Technology? QLM Technology's investors include SFC Capital, Seraphim Space, Development Bank of Wales and The FSE Group. ### How much has QLM Technology raised? QLM Technology has raised $19M across 3 rounds since 2022. ### When did QLM Technology last raise? QLM Technology's most recent round was a Seed of $4.7M in Sept 2025. ### What was QLM Technology's biggest round? QLM Technology's largest round on record is $14M, in Aug 2022. ### Who backed QLM Technology first? QLM Technology's first round on record, in Sept 2025, was backed by SFC Capital, Seraphim Space and Development Bank of Wales and 1 others. ### What stage is QLM Technology at? QLM Technology's latest named round is a Seed, in Sept 2025. ### Where is QLM Technology based? QLM Technology is based in the United Kingdom. ## Companies like QLM Technology In the same sector, and raised in the last eighteen months. [**CSignum** $12M · Sept 2026](https://millionrounds.com/company/csignum)[**Auralytica** $468K · Jul 2026](https://millionrounds.com/company/auralytica)[**FLOLIVE** $56M · Sept 2025](https://millionrounds.com/company/flolive)[**Measurable.energy** $5.2M · Aug 2025](https://millionrounds.com/company/measurable-energy)[**Spotta** $647K · Jul 2025](https://millionrounds.com/company/spotta)[**Tractian** $250M · Oct 2026](https://millionrounds.com/company/tractian) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app