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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Scottish space startup Orbex has taken the next step towards building a spaceport to launch rockets after signing a lease for a site in northwest Sutherland. When operational, the Sutherland site will launch up to 12 rockets per year and become the first on the UK mainland with the capability for vertical rocket launches satellites. ... Read more ›
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The UK’s Environment Agency has deployed some of its pension fund in Berlin-based World Fund, a climate tech venture capital firm. World Fund said the investment from the UK Environment Agency Pension Fund (EAPF) will help it meet its target of at least 17% of its portfolio investments in climate tech startups. Founded in 2021, ... Read more ›
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Shares in Made.com have been suspended from trading as the online furniture retailer braces for administration just 16 months after its debut on the London Stock Exchange. Last week Made.com said it had not found a buyer despite ongoing talks with interested parties. The British ecommerce company also halted all new customer orders. Its website ... Read more ›
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Britishvolt has been given a reprieve from entering administration after the automotive battery startup secured last-gasp funding to avoid collapse, according to reports. The firm’s survival was left in the balance after the government rejected Britishvolt’s request for an advance of £30m in committed funds, leaving the company looking at “several potential scenarios”. Britishvolt has ... Read more ›
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The international trade secretary, Kemi Badenoch, will call for UK investments into innovative green tech as a way to “future-proof” the country. Speaking at the green trade and investment expo in Gateshead, the MP will say: “Now is the time to future-proof our economy by investing in cutting-edge green technology, protecting our long-term energy security ... Read more ›
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London-based AI startup Solvo.ai has raised $4m (£3.47m) in a seed round to commercialise its automated supply chain technology. Since Covid-19, global supply chain issues have led to shortages in everything from semiconductors to sriracha. Solvo.ai was founded by Gaurav Bajaj and Dongho Kim to smooth out the economic, political, and environmental factors that impact ... Read more ›
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Electric vehicle battery startup Britishvolt has said it is exploring “several potential scenarios” amid reports that it’s on the brink of entering administration following unsuccessful attempts to find fresh funding. The Northumberland-based company has been trying to raise £200m or find a buyer, the Financial Times reported, with Jaguar Land Rover owner Tata Motors among ... Read more ›
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29.06.2026 23:22
Last update: 23:05 EDT.
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