Modern Milkman, a grocery delivery startup that uses data analytics to map out milk rounds, has now raised a total of £50m after closing a Series C funding round to fuel global expansion. The Colne, Lancashire-headquartered company delivers milk along with groceries such as eggs, butter, bread, fruit and vegetables. It is aiming to tackle ... Read more ›
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Health tech startup Visible has raised $1m (£845,000) in pre-seed funding to tackle long Covid and other chronic conditions using wearable technology. The London-based company has developed an app to track symptoms of chronic conditions like long covid. Users can then receive medical support via the app. The startup also offers a paid premium service ... Read more ›
0
Food tech startup Julienne Bruno has received £5m for its plant-based cheese alternative, which brings its total investment to more than £6m. Julienne Bruno currently offers three kinds of dairy-free cheeses and dry-aged vegetables as it looks to tap into a growing alternative meat and diary market. Lead investors in the alternative cheese maker’s round ... Read more ›
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Hospitality tech startup Ambl has closed a £1m seed funding round as it launches its platform that matches diners and drinkers with available venues in real-time. Founded in London in 2021, Ambl has now launched its app for hospitality businesses to fill available spaces last minute in the UK. The app matches users geographically to ... Read more ›
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British microchip designer Arm has informed investors that it is “unlikely” to IPO in the first quarter of 2023 due to “global economic uncertainty”. However, the Cambridge-based company has not yet confirmed whether it will list in London or New York, despite intermittent lobbying by the members of the British government throughout the year. “Clearly, ... Read more ›
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London-based asset manager and active fintech investor Fasanara Capital has secured $200m (£169.4m) from a Canadian pension fund. Fasanara, which has previously invested in UK-based fintechs like Playter, Twig, and Storfund, holds around $3.5bn (£2.96bn) in assets. The new funds will be deployed through its alternative credit strategy to provide loan investments to fintech firms. ... Read more ›
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Vektor AI, a tech career mentorship platform, has landed $2.5m (£2.1m) in pre-seed capital led by Cherry Ventures and Mosaic Ventures. Backing also came from angel investors such as Google VP Bradley Horowitz, Ancestry.com CEO Deb Liu, head of workplace and product at Meta Ujjwal Singh, Indeed co-founder Paul Forster, among others. Vektor’s platform is ... Read more ›
9
Challenger bank Tandem has poached the long-time financial executive of rival fintech Atom, according to reports. David McCarthy, who has served as the chief financial officer (CFO) of Atom Bank for more than eight years, resigned from Atom in September and is set to join Tandem Bank in the same role, Sky News reported. McCarthy’s ... Read more ›
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Augmented reality (AR) gaming company Immersive Gamebox has secured $20m (£16.8m) in venture debt funding from US investment firm Harlan Capital. The company’s game rooms use touchscreen walls, surround sound and motion-tracking hats to provide different immersive experiences. David Spindler, CFO and co-founder of Immersive Gamebox, said: “The debt financing from Harlan Capital will enable ... Read more ›
23
Jason Ash is the co-founder of YoungPlanet, a circular economy app where families can give and receive parenting and children’s items for free. The cashless platform lets parents list or request different children’s items, from books and clothes to toys and baby equipment. Founded in 2019 by Jason and his wife Emma, YoungPlanet has raised ... Read more ›
11
Startups operating in marine tech, space tech and agritech are set to help the Cornwall and Isles of Scilly tech sector grow by an estimated 17.9% by 2026, according to new findings. A report by CIoS Digital Skills Partnership found that the Cornwall and Isles of Scilly tech sector is set to become the fastest ... Read more ›
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The taxpayer cost for bailing out the collapsed energy startup Bulb has increased to £6.5bn, according to data released by the Office for Budget Responsibility (OBR). The OBR has said that an additional £4.6bn has been added to the government expense of dealing with the company in 2022-23. The OBR said in March that the ... Read more ›
9
The Financial Conduct Authority’s (FCA) CEO has said that new consumer protection rules will help keep technologies like artificial intelligence (AI) in check. Speaking at the UK Finance annual dinner, Nikhil Rathi acknowledged that “AI can help solve” issues in finance, pointing to use cases from the insurance industry and banking. However, the regulator boss ... Read more ›
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London Dynamics has secured £1m in seed funding for its augmented reality (AR) and 3D model software for ecommerce businesses. Retailers can use the software to integrate 3D models of their products that can change based on user preferences, such as changing the colour of a bike. Additionally, customers can place the advertised products within ... Read more ›
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Chancellor Jeremy Hunt has unveiled a slew of measures affecting the UK tech industry in today’s Autumn Statement and outlined a goal to “turn Britain into the world’s next Silicon Valley”. The chancellor announced £55bn in tax rises and cuts to public spending in an Autumn Statement partially focused on restoring economic credibility following his ... Read more ›
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The Law Commission of England and Wales has called for evidence about blockchain-based decentralised autonomous organisation (DAO) structures. DAOs are a form of organisational structure that links its participants digitally with blockchain technologies, such as the smart contract. While DAOs are similar to existing organisations, like general partnerships, they rely on decentralised power structures protected ... Read more ›
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Index Ventures, based in San Francisco, New York and London, has launched a $300m (£253m) seed fund aimed at early-stage startups. The Origin II follows the Index Ventures $200m (£169m) Origin I fund, launched only last year. In a statement published on its website, the venture capital firm said: “From Airbnb to Adyen, Slack to Skype, ... Read more ›
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The UK government has blocked the acquisition of Newport Wafer Fab by Netherlands-headquartered and Chinese-owned semiconductor manufacturer Nexperia on national security grounds. Business Secretary Grant Shapps issued Nexperia a Final Order under the National Security and Investment Act 2021, requiring the company to sell a minimum of 86% of its shareholdings. The deal was blocked ... Read more ›
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The financial troubles at electric vehicle battery startup Britishvolt could be deepening after its creditor appointed a receiver in the event of the company entering administration. Britishvolt – the startup building what would become the UK’s largest battery factory – has confirmed that Katch Fund Solutions, an investment group and creditor of Britishvolt, has brought ... Read more ›
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As more and more of modern life goes online, so too does sensitive data. For businesses, the protection of that data is tantamount to ensuring longevity and health. However, it is only getting more difficult to protect sensitive data from financial crime, due in large part to the overwhelming amount of it that is now ... Read more ›
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29.06.2026 19:58
Last update: 19:50 EDT.
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