Ooodles, a London-based startup that offers flexible renting of tech equipment to SMEs, has raised $12m (£9.8m). The company, founded in 2021, has developed a platform for SMEs to hire computers, phones and other tech equipment on a pay-as-you-go basis. According to Ooodles, the practice of SMEs paying large sums upfront and selling the equipment ... Read more ›
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The UK’s communication regulator Ofcom has published its first guidance for technology companies since the introduction of tougher online safety laws last month. Under the new guidance, children on higher-risk sites would not be given a list of suggested friends or appear within other users’ lists. Their location details will not be viewable by anyone ... Read more ›
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Challenger bank Monument has raised £40m in a Series B funding round from Dubai Investments, bringing the total amount raised by the firm over £100m. Founded in 2017 and granted a banking licence in 2021, Monument has sought to differentiate itself from the now competitive neobank market by catering primarily to “mass affluent” clients. The ... Read more ›
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Chip designer Arm has reported a 28% year-on-year increase in revenue, its highest ever at $806m (£656.5m) in its first financial results since its IPO. Despite the revenue growth, shares in the Cambridge-headquartered company fell by up to 8% after it posted a sales outlook below Wall Street expectations. Arm is estimating full-year revenue in ... Read more ›
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A British generative AI startup has raised $1.5m (£1.2m) in seed funding to provide automation tools that assist investment firms with deal flow. London-based Eilla AI says its platform “mirrors” industry professionals to carry out tasks such as market mapping, document creation and offer comparisons. “The bottom line is that financial professionals are paid to ... Read more ›
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London-based insurtech startup Diesta has raised $1.9m (£1.5m) in a funding round to scale its payments platform for the insurance industry. Founded in 2022, Diesta has built a platform for insurance providers to process premium payments. According to the company, insurance firms spend around $32bn annually on allocating premium payments. Diesta claims that by automating ... Read more ›
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Boldr, a London-based climate tech startup developing home energy management tools, has raised $1.2m (£980,000). Founded in 2022, Boldr retrofits home heating and cooling systems with energy-saving products that can be managed by its software platform. Users can control heating, ventilation and air condition systems of any make. Boldr said customers will also eventually be ... Read more ›
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US chipmaker Vishay has agreed to acquire Newport Wafer Fab for $177m (£144m) after the UK government forced its owner Nexperia to sell the company under national security rules. Vishay Intertechnology will acquire the 29-acre site in South Wales, which produces 200mm semiconductor wafers, pending a review. Vishay CEO Joel Smejkal said the aim of ... Read more ›
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Tuesday’s King’s Speech confirmed we could be within months of a change in UK law with the potential to transform people’s lives and turbocharge economic growth. The government has committed to “opening the door to game-changing new technologies” through the Data Protection and Digital Information (DPDI) Bill. The end objective is to achieve ‘open data’, ... Read more ›
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UK-founded rebate management platform Enable has secured a unicorn valuation of $1.12bn after raising $120m (£98m). The Series D round attracted investment from Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Insight Partners and Sierra Ventures. It gives Enable, which provides software for businesses to manage their B2B rebates, a pre-money valuation of $1bn. It ... Read more ›
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Nimbus Capital has committed up to £20m in a growth equity agreement in Letoon Holding the vegetable waste firm as it gears up for a London IPO. The company has developed a way to use ultrasonic technology to remove nutrients from plants and vegetables. Extracted nutrients have applications in the food, cosmetics and pharmaceutical sectors. ... Read more ›
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Revolut has appointed Victor Stinga, an employee of almost six years, as interim chief financial officer as the fintech prepares the release of its latest accounts. Stinga first began his duties as the interim finance chief in May, according to Sifted, following the sudden resignation of previous CFO Mikko Salovaara due to “personal reasons”. Stinga ... Read more ›
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Pimlico, a crypto startup looking to “make using Ethereum easier”, has secured $4.2m (£3.4m) in a seed investment round from US investor a16z. The London-based startup provides infrastructure for developers to build decentralised products and services. Investment from a16z follows the VC firm officially opening its new office in London last week. “Pimlico is designed ... Read more ›
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The Bank of England and the Financial Conduct Authority (FCA) have jointly published a proposal to regulate a stablecoin pegged to the value of the British pound. Under the proposed rules, providers of wallets – digital cryptoasset storage – would be required to always allow withdrawals of the stablecoin at the value of the pound. ... Read more ›
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Fully autonomous vehicles could get the green light to operate on UK roads under legislation introduced in the King’s speech. Laws would be updated to make manufacturers liable if a driverless vehicle crashes while in autonomous mode and give immunity to people sitting behind the wheel. The Autonomous Vehicles Bill would give the Department for ... Read more ›
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Self-driving software developer Oxa and Austria-headquartered commercial vehicle maker eVersum have partnered to roll out a driverless shuttle in Belfast. Together the two companies are producing self-driving shuttles that will roam the Belfast Harbour Estate’s Innovation District and tourist sites. Each shuttle can transport 20 seated people and will be required to have a human ... Read more ›
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Due, a London-based payments startup founded by an alum of Revolut and Bolt, has secured $3.3m (£2.7m) in funding. Robert Sargsian, who previously worked in the revenue and crypto departments of Revolut as well as the product strategy of Bolt, founded Due in 2022 by. The borderless payments startup aims to bring stablecoins and blockchain ... Read more ›
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London-headquartered payments network Volt has appointed Matt Henderson, who previously was the CEO of Stripe Europe, as a special advisor to its board. Henderson is also the founder of the shopping analytics startup Rangespan, which was acquired by Google in 2014. “I have always been impressed by Volt’s approach to solving the fragmented infrastructure problem ... Read more ›
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Male-owned venture capital funds received around 10 times more investment from limited partners (LPs) than their woman-owned counterparts over the last six years, according to new data. Between 2017 and 2023, funds owned entirely by men also raised almost five times more than mixed-gender funds, according to a report from VC firm Ada Ventures, Diversity ... Read more ›
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In this week’s UKTN Podcast episode, Priya Guha, venture partner at Merian Ventures, discusses the skills gap and the shortage of women in STEM roles, why tech companies shouldn’t overlook the arts, and how the early-stage gender funding gap is holding back UK growth. Guha has been at Merian Ventures since 2019, where she invests ... Read more ›
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24.06.2026 11:29
Last update: 11:21 EDT.
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