Manchester-based Propello, a startup that creates white-label customer loyalty software for businesses such as Hello Fresh and JD Gyms, has secured £650,000 in funding. The seed funding round was led by DSW Ventures, a venture capital firm that’s also based in Manchester, and attracted investment from angle investors. Founded in 2020 by CEO Mark Camp ... Read more ›
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StructureFlow, a platform to visualise complex corporate transactions, has closed a $3.5m (£2.9m) pre-Series A round led by Venrex. London-based StructureFlow is predominantly used in the legal industry. The company was founded to simplify corporate communications, for the purposes of deal negotiations, mapping transactions, and presentations. The company claims the simplified visuals reduce staff attrition ... Read more ›
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London-headquartered private equity firm One Peak has closed a $1bn (£821.8m) fund to invest in B2B software companies based in Europe and Israel. The growth investor’s Fund III will make investments ranging from $15m (£12.3m) – $100m (£82.2m). “Growth equity is a significantly underrepresented asset class in Europe versus the US and China,” said Humbert ... Read more ›
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UK technology investment dropped 22% this year, one of the steepest falls in Europe, amid difficult economic headwinds that have forced startups to slash valuations and make mass layoffs. Overall UK tech investment fell to $27.9bn in 2022, down from the record $36bn raised last year. Despite the notable decline in tech investment, the UK continues ... Read more ›
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The Financial Conduct Authority (FCA) has outlined stricter rules to regulate financial promotions of products, including buy now pay later (BNPL). Under the new rules, companies will have to regularly demonstrate to the FCA that they have the right expertise for the products being promoted. Associated risks must be properly stated. The FCA has repeatedly ... Read more ›
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Standardising internet of things (IoT) security, improving semiconductor supply chains and joint research and development projects are among the initiatives being explored in a new digital partnership between the UK and Japan. The partnership, announced on Tuesday, is looking at ways to make it easier for businesses to operate in both countries by aligning digital ... Read more ›
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Arizona-headquartered Mangata Networks will construct a satellite manufacturing base in Ayrshire, Scotland. The new facility at the Prestwick International Aerospace Park will also home research and development and a satellite operations hub, which will create up to 575 jobs. “We will be using this facility to bring our satellite connectivity and intelligent Edge compute solutions ... Read more ›
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Changeover Technologies has surpassed its intended crowdfunding goal of £500,000 for its recycling technology. Using a patented process, Changeover Technologies can take carbon waste material and turn it into a carbon reductant pellet. These pellets can then be used in the manufacturing of steel and silicon. Kenneth Flockhart, CEO and executive director, Changeover Technologies said: ... Read more ›
2
Osome, a financial admin platform aimed at small businesses, has raised $25m (£20.6m) in Series B capital. The Osome platform allows small businesses to carry out tax and finance reports, expenses and manage invoices. The fintech is headquartered in Singapore but is led from an office in Shoreditch, London where the CEO ‘resides’ and has ... Read more ›
48
VC investments into tech tackling supply chain issues have dropped sharply in the last few months after a brief period of soaring success during the pandemic, according to new data. Research published by Pitchbook found that supply chain tech received £2.6bn ($3.3bn) in Q3 this year, a 77% decrease from the same period last year. ... Read more ›
2
UK challenger bank, Allica Bank has secured £100m in Series C funding in a round led by TCV, supported by Warwick Capital Partners and Atalaya Capital Management. Its newly acquired funds will allow the SME lending business to continue scaling. In addition to lending, the bank also offers savings accounts, asset finance, commercial mortgages and ... Read more ›
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The former chief financial officer of ClearBank Marc Jenkins is set to join a rival fintech firm, the Bank of London, in the same role. Marc Jenkins, who will be taking the role of CFO at the Bank of London, most recently served as the deputy CFO of Metro Bank, after almost four years heading ... Read more ›
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UK-based venture capital investor Jenson Funding Partners has launched a £60m fund focused on startups developing net-zero transition solutions. The Aurora I fund will target early-stage startups in the green tech sector and is aiming to close a funding gap revealed by a Tech Nation report that found climate tech startups struggled to secure funds ... Read more ›
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This year has taken its toll on consumers and businesses alike, with both struggling amidst the financial pressures of the cost-of-living crisis. As inflation has topped 11%, wage inflation is making the challenge of attracting and retaining staff that much harder for employers. Regular pay rose by 5.7% in the year to September 2022 – ... Read more ›
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Verna has landed £860,000 in its pre-seed funding round for its software that finds and analyses potential locations to plant trees. Verna’s software takes factors such as regulation and markets into consideration to help planters with decisions, like when to sell a piece of land. The London-based company’s first equity investment round was led by ... Read more ›
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Chattermill, a platform to analyse customer feedback at scale, is looking to double its growth after receiving a $26m (£21.1m) Series B investment. The startup was founded in 2015 with the goal of incorporating AI into the work of customer experience (CX) teams. The Chattermill platform analyses all digitally available interactions between a company and ... Read more ›
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Scottish electric vehicle maker Munro Vehicles has launched its first vehicle, the MK_1, which will enter production next year. Munro will initially hand-build 50 MK_1 vehicles, before ramping up production in 2024 at its factory in central Scotland. Production at the site is predicted to generate around 300 jobs and 250 vehicles per year. At ... Read more ›
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The UK government is launching a research project to look at ways to boost the UK’s semiconductor industry, which could lead to the creation of a national microchip institution. The feasibility study, which has been commissioned by the Department for Digital, Culture, Media, and Sport (DCMS), comes amid growing criticism that the UK is lacking ... Read more ›
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Employees could be given the right to request flexible working from the first day of a job under rule changes supported by the government. The government has committed to scrapping the 26-week period that employees must currently wait before requesting flexible working, which includes job-sharing, flexitime and remote working. It also includes working compressed, annualised, ... Read more ›
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London-based health tech startup Zoe Health, known for its large-scale nutrition and medical testing app, has extended its Series B funding round with an additional £25m. Zoe Health’s latest investment round has brought the total amount raised by the company to $83.7m (£68.3m). Founded in 2017, Zoe provides home testing kits for customers to gain ... Read more ›
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29.06.2026 16:49
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