Worldr has secured $11m (£9.7m) in a seed funding round led by Molten Ventures for its messaging data sovereignty software that integrates with Microsoft Teams, Slack and WhatsApp. Based in London, Worldr has developed software that helps businesses to conform to regulations and security standards from organisations such as the Financial Conduct Authority. The software ... Read more ›
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British-founded electric vehicle manufacturer Arrival has been issued a non-compliance letter from the Nasdaq stock exchange after its share price fell below $1 for 30 consecutive days. Arrival shares can continue to trade on the Nasdaq Capital Market for now. It has until 1 May 2023 to meet the share price requirements. Arrival told UKTN it ... Read more ›
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Barney Wragg is the CEO and co-founder of Karakuri, a robotic kitchen automation startup that’s aiming to improve efficiency and cut food waste in restaurants. Founded in 2018, its two main products are a robotic arm that can serve personalised dishes such as Asian fusion bowls, and an automated fryer. The London-based company has raised ... Read more ›
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Retail technology company Dropit has raised $25m (£22.2m) in a Series C investment, which will be used to grow its sales office in the US. Dropit’s software is used by retail companies to sell in-store stock online, turn locations into distribution points and supply orders based on their location to reduce “environmental impact”. It counts ... Read more ›
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BT has warned fresh job cuts may be on the horizon as the telecom giant raises its cost savings target to £3bn to deal with rising inflation. The company is one of the UK’s largest employers, with approximately 80,000 staff, making the potential layoffs a bellwether for the British economy and its tech sector. Any ... Read more ›
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London-based digital health tech startup Healios has secured £14m in funding to expand its mental healthcare services across the US via its subsidiary Meliora. Founded in 2013, Healios provides digital mental health support to children, young people, and families dealing with conditions like autism and ADHD. The startup offers self-management apps, online video sessions with ... Read more ›
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The Bank of England has raised interest rates by 0.75 percentage points to 3% in a bid to tackle inflation. It’s the highest interest rate since the 2008 global financial crisis, the biggest hike since 1989 and will have ramifications across the entire British economy. For tech startups, it underscores that the era of cheap ... Read more ›
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Sustainability platform Zellar has bagged a £600,000 investment from The Co-operative Bank in return for a 2% stake which puts the firm at a £33m market valuation. Zellar’s software measures businesses’ environmental impact and suggests methods such as green energy deals, technology recommendations, and offsetting projects to improve a client’s sustainability. Gary Styles, founder and ... Read more ›
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Renewable energy investment platform PF Nexus has raised £625,000 in a seed funding round to support the company’s growth plan and launch new features. Founded in 2019, PF Nexus has created a platform to link capital with renewable energy investment opportunities. The platform contains a database of investors, developers, and lenders that can be searched ... Read more ›
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Uber has paid the UK tax authority £615m following a legal demand that the ride-hailing app should have added VAT to the cost of its services. The payment marks the latest instance of the US taxi startup’s legal clashes in the UK. The company last year was forced by the UK Supreme Court to grant ... Read more ›
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British fintech Wise can now provide its investment service, called “Assets”, in Singapore after being granted a Capital Markets Services licence from the nation’s Monetary Authority. Wise’s investment product lets individuals or businesses invest in stocks, whilst giving instant access to a portion of their cash. “We’re excited to have secured the licence as our ... Read more ›
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Investment into UK climate tech startups is on course to double in 2022 compared to last year, according to a new report. Tech Nation’s Climate Tech Report 2022 found that investment in UK climate tech is rapidly growing and is expected to buck the trend of a wider tech investment downturn. UK climate tech investment ... Read more ›
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Consumer lending platform Plend has banked £40m in seed funding, with angel investment coming from the co-founders of challenger banks Monzo and Starling. Plend, which bills itself as an “ethical” lender, will use the funds to continue growing the business by acquiring new customers. It offers “low-interest loans” to those buying green energy solutions such ... Read more ›
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London-based startup Howbout has raised £1.9m in funding for its app for groups to organise social activities. Founded in 2020, Howbout provides tools for groups to make social plans using polls, calendar-sharing, or “smart time matching” that identifies when everyone is available. Users can then chat within individual plans. “Let’s face it – making plans ... Read more ›
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UK fintech Revolut has launched an instant messaging feature, dubbed Revolut Chat, that lets users discuss money transfers in the company’s latest step to becoming an all-in-one ‘super app’. Revolut Chat gives users the ability to send GIFs, stickers and messages in end-to-end encrypted conversations. The London-based company said it wanted to give people an appropriate ... Read more ›
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Staff at Britishvolt have agreed to a temporary pay cut in a bid to prevent the battery startup from going bust. It comes as Britishvolt confirmed reports that it has secured “near-term” funding to ensure its survival over the “coming weeks”. The West Midlands-based battery manufacturer said it is in talks with other potential investors ... Read more ›
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Brighton-based quantum computing startup Universal Quantum has secured a €67m (£57.7m) contract from the German government to build a scalable trapped-ion quantum computer. The commercial deal is with the German Aerospace Centre (DLR), which is acting as part of the German Quantum Computing Initiative, a government plan to boost the European nation’s quantum capabilities. The ... Read more ›
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The state-owned British Business Bank has revealed the first of its regional funds aimed at small and medium-sized businesses will be deployed in the South West of England. Launching in the first half of 2023, the £200m South West Investment Fund will target areas such as Bristol, Cornwall, Devon, Dorset, Gloucestershire, Somerset and Wiltshire. Loans ... Read more ›
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Employees at the challenger bank Monzo have informed company management of their intention to form a union. First reported by Sifted, staff at the fintech unicorn intend to join the United Tech and Allied Workers (UTAW) union, a branch of the Communication Workers Union (CWU). Monzo, which employs more than 2,500 people, has been asked ... Read more ›
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London-based software startup Docbot Labs has raised £580,000 in pre-seed funding for its workspace document and information-sharing platform. Founded in February 2022, Docbot Lab’s software connects to tools such as Slack, GitHub and Notion to let product teams find relevant internal documentation within a business. Its product generates a knowledge graph for employees to view ... Read more ›
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16.06.2026 00:24
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