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Company intelligence · Prepared from public filings

Fluidstack · registered as Fluidstack Ltd

ACTIVENo. 10985545Incorporated 28 Sept 2017LondonAI cloud and data-centre infrastructure
Register data as of 7 Oct 2026
32 filings read · view all sources ↓
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Raised, filed rounds
£1.1bn
Priced rounds
3
Peak step-up
2.0x
Peak implied valuation
£9.0bn
Last allotment
Jun 2026
The press said
reported in talks to raise from Jane Street at an $18bn valuation (14 Apr 2026) · source ↗
Announcements are claims; the figures below are computed from filed documents. Announced valuations are usually fully diluted, so the register-implied figure reads below the headline.
Exhibit 1

Implied valuation at each priced allotment, 2026 to 2026

Implied post-money, GBP · price per share beneath each point · from SH01 filings
£2.5bn£5.0bn£7.6bn£10.1bn202612 Feb 2026: £3.7bn implied post-money at £55.44 per share5 Jun 2026: £3.9bn implied post-money at £55.35 per share29 Jun 2026: £9.0bn implied post-money at £113 per share£3.7bn£55.44/sh£3.9bn£55.35/sh£9.0bn£113/sh
Source: Companies House, forms SH01 filed by Fluidstack; Tero analysis. Each point is one filed allotment; click any point to open the underlying filing.
Exhibit 2

Funding rounds, as filed

AllottedShare classPrice / shareRaisedImplied post-moneyStep vs priorSource
29 Jun 2026SERIES B and ORDINARY£113£658.0m£9.0bn▲ 2.0xSH01 ↗
5 Jun 2026SERIES A, ORDINARY£55.35£206.5m£3.9bn· 1.0xSH01 ↗
12 Feb 2026SERIES A£55.44£210.3m£3.7bnfirstSH01 ↗
Total, 3 priced rounds£1.1bn
Source: Companies House filing history, company 10985545. Every row links to the filed document it was read from. Prices and share counts as filed; implied post-money is price per share times shares in issue after the allotment.
Methodology
Notes. Raised is the sum of shares allotted times price per share across priced allotments filed on form SH01. Peak step-up is the highest price per share divided by the first priced round. Implied post-money is price per share times shares in issue after the allotment: an approximation that ignores class rights and unexercised options. Allotments classified as option-scheme or nominal issues are excluded from the trajectory.
Primary documents
Every figure on this page is read from a document filed at Companies House and links to it. The full record is public: filing history of Fluidstack at Companies House ↗. Tero retains an archived copy of each parsed filing. Information, not investment advice.