It’s fast approaching 2023 and for many, thoughts are turning to a career fine-tune. With the IT and tech sectors in a constant state of flux, it can be difficult to know how to put your best foot forward. How do you predict the careers that will be in top demand in five years’ time? ... Read more ›
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Rishi Sunak, Britain’s latest prime minister, has often come across as a tech-friendly Conservative – and not just because of his proclivity for smart mugs and time spent studying at Stanford in the heart of Silicon Valley. During his time campaigning for the Conservative Party leadership, and his tenure as chancellor of the exchequer under ... Read more ›
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Legal tech startup Summize has secured a £5m Series A investment from YFM Equity Partners and Maven Capital Partners. Founded in 2018 by Tom Dunlop and David Smith, Summize’s ‘contact lifecycle management’ software creates and reviews legal contracts. The company claims it can shorten contract lifecycles for businesses by automating steps in the process. Its ... Read more ›
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BlackRock has raised $4.5bn (£3.97bn) to create an investment fund focusing on climate infrastructure firms, following critiques against the asset manager’s fossil fuel investments. The new Global Infrastructure Fund IV will look to invest in companies across the low-carbon power, energy, transport and logistics, regulated utilities, and digital infrastructure sectors. The firm has previously been ... Read more ›
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InMotion Ventures, the investment arm of automobile firm Jaguar Land Rover, has hired a new managing director to oversee future investments. Mike Smeed previously served as the vice president of finance at Chery Jaguar Land Rover, the firm’s partnership with Chinese car manufacturer Chery Automobile Co. “InMotion Ventures has an excellent reputation in the market, ... Read more ›
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The Competition and Markets Authority (CMA) has cleared the merger between the London Stock Exchange Group (LSEG) and Quantile following an in-depth investigation. The CMA temporarily blocked the merger, worth around £274m, in May over concerns that the deal could be harmful to market competition. Founded in 2015, Quantile is a fintech firm that aims ... Read more ›
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Buy now, pay later (BNPL) startup Tymit has raised £23m in a Series A round led by the Mike Ashley-founded firm Frasers Group. Founded in 2017, Tymit lets merchants it partners with offer customers installment payment options. “With this investment, we can expand our operations, bring new partners on board, and continue to help merchants ... Read more ›
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The UK’s tech community has welcomed the appointment of Rishi Sunak as prime minister, with the former chancellor receiving a particularly warm reception from the fintech sector. Sunak, the first British Asian to hold the role, officially became prime minister on Tuesday following the resignation of Liz Truss last Thursday. The UK’s 57th prime minister ... Read more ›
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UK-founded cybersecurity unicorn Snyk is reportedly laying off 14% of jobs in its global workforce, becoming the latest victim of the tech downturn. First reported by the Pragmatic Engineer’s George Orosz, Snyk has cited “headwinds facing the global economy” as the reason for cutting as many as 200 jobs. Founded in 2015 in London and ... Read more ›
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London-based proptech startup Flyp has raised £5m in seed round of funding led by venture capital firm Outward VC for its property-selling platform. Its platform analyses a property to determine its current value and if any renovation work is required it is financed by Flyp and listed on its marketplace to estate agents. “The current ... Read more ›
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The UK’s financial regulator has proposed new rules to reduce greenwashing in ESG investments in a shakeup that would affect how fintech companies label their products. The Financial Conduct Authority (FCA) said there would be restrictions on how words such as ‘ESG’, ‘green’ and ‘sustainable’ can be used in investment products. The proposals are designed ... Read more ›
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The government must grant UK regulators heightened powers to keep Big Tech in check, according to a new report from MPs within the Business, Energy and Industrial Strategy (BEIS) Committee. In its report, the committee called on the government to follow through with the heavily delayed plans to turn the Digital Markets Unit (DMU) into ... Read more ›
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Local authorities and elected mayors must play a bigger role in digital development if the UK is going to level up regional tech hubs, a tech trade association has recommended. A report published by techUK said that devolved governments and mayors should “publish and regularly update their digital strategies” and be given more “accountability” by ... Read more ›
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London-based virtual reality (VR) startup Immersive Gamebox (IGB) has secured $90m (£79.3m) worth of franchise deals to support the company’s expansion into new regions. Founded in 2018, IGB develops VR entertainment experiences using projection mapping, motion tracking, and surround sound technology. Its virtual reality tech goes into what the company calls ‘gameboxes’, physical spaces placed ... Read more ›
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NatWest has made a €58m (£50.4m) equity investment into Vodeno Group, the owner of Polish fintech Vodeno TechCo and Belgium-based Aion Bank to launch in the UK. Vodeno TechCo provides embedded finance solutions such as payments, deposits, point-of-sale credit and seller cash advances. “This strategic partnership presents a strong potential source of fee income in ... Read more ›
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The UK’s Information Commissioner’s Office (ICO) has warned it will be cracking down on lacklustre cybersecurity measures from businesses, being marked by a £4.4m fine served to construction group Interserve. The information watchdog handed the hefty fine to Berkshire-based Interserve for failing to keep employee personal information secure, in a breach of data protection law. ... Read more ›
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Business secretary Jacob Rees-Mogg has revealed £211m in government funding to go towards battery research and development. Part of the government’s Faraday Battery Challenge, it aims to fund the manufacturing capacity for batteries and wider industry within the UK. UKRI, the Faraday Institution, Innovate UK and the UK Battery Industrialisation Centre (UKBIC) will invest the ... Read more ›
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Yesterday Liz Truss resigned as the UK’s prime minister after only 45 in office, sparking yet more uncertainty for businesses. From day one, Truss had a tech in-tray that contained a long list of issues such as the Online Safety Bill, crypto regulation and a UK semiconductor strategy. These issues have not gone away and ... Read more ›
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The UK competition watchdog’s decision to force Meta to unwind its acquisition of Giphy has drawn mixed reactions from the country’s tech community, with entrepreneurs describing it as both a “worrying precedent” and “entirely right”. This week the Competition and Markets Authority (CMA) said the $315m deal, announced in 2020, would “significantly reduce competition in ... Read more ›
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Rick Rowan is the CEO and founder of NuroKor Bioelectronics, a startup harnessing bioelectronic technology for pain management, physical recovery and enhanced athletic performance. Rowan founded NuroKor in 2018 when looking for an alternative to painkiller medication to treat his 30-year chronic back pain and saw the potential in bioelectronic treatments. The London-based company has ... Read more ›
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30.06.2026 01:06
Last update: 01:00 EDT.
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