When David Morgan wrote to NHS Digital Health during the pandemic to offer his company’s telehealth solutions, he says he was “politely shown the door”. According to the CEO of Black Space Technology, a Birmingham-based company building health software durable enough for the battlefield, the government should have embraced more technology to tackle Covid-19. “In ... Read more ›
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Liz Truss has been announced as the leader of the Conservative Party and the UK’s new prime minister. On Monday at the Queen Elizabeth II Centre in Westminster, Sir Graham Brady announced Truss had beaten Rishi Sunak with 81,326 votes to 60,399 votes. The new prime minister has a bulging in-tray full of high-priority issues, ... Read more ›
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Nigeria and London-based bank Kuda has joined the list of tech companies making layoffs, resulting in approximately 23 members of staff losing their jobs. Kuda, which provides debit cards, current accounts, savings accounts, lending and business accounts, said it restructuring its workforce to ensure future growth. “Kuda is currently making some strategic changes to serve ... Read more ›
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Crypto exchanges will have to report potential breaches of sanctions to UK authorities, due to new rules set by the Treasury’s Office of Financial Sanctions Implementation. The Treasury has brought in the new rules over concerns that cryptoassets could be used to circumvent financial restrictions imposed on Russia and Belarus, following Russia’s invasion of Ukraine. ... Read more ›
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London-based virtual fertility service Apricity has landed €17m (£14.7m) in Series B funding for domestic and international expansion. Apricity says it will launch in Spain this year, with Germany and Italy next on the list. The healthtech will also use the capital for UK growth and to develop of its technology, which provides personalised support ... Read more ›
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The number of UK-based startup accelerators and incubators has doubled in the past five years to 750, according to a new report. The study from the Centre for Entrepreneurs (CfE) found that founders had access to startup support programmes across all the local enterprise partnership areas in England. Growth in the number of accelerators and ... Read more ›
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New and evolving digital technologies are constantly altering our approach to work and how businesses conduct their operations, but never before has their disruptive potential been so apparent than in the wake of the pandemic. Perhaps unsurprisingly, tech and digital economic developments have come to the forefront of central and local government agendas of late. ... Read more ›
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From electric vehicles to vertical farming, green tech companies have an important part to play in the fight against climate change. But many investors have been deterred from backing these technologies, opting instead to fund businesses viewed as having a faster and higher rate of return, such as fintech or software as a service startups. ... Read more ›
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California-based equity management unicorn Carta has acquired London-based rival Capdesk for an undisclosed sum. Capdesk’s platform allows businesses to monitor their capitalisation tables, which shows the split and dilution of equity in a company. The software also lets employers convert equity, options and warrants into employee benefits. Similarly, Carta can be used to manage cap ... Read more ›
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More than three-quarters of full-time employees named flexible working hours as their most desirable worker benefit, according to research. A survey of 10,000 people in the UK, US and Europe found that 77% of workers want to have more flexibility in their hours to have more control over their work/life balance. The IT and telecoms ... Read more ›
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Medtech startup Thalamos has raised £900,000 in seed funding to help those sectioned under the Mental Health Act to receive care faster. Cousins Arden and Ross Tomison came up with the idea for Thalamos after their friend was sectioned. Before the friend could be seen they had to fill out “countless paper forms”, in what ... Read more ›
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The Competition and Markets Authority (CMA) has cleared the £6bn acquisition of cybersecurity company Avast by US giant NortonLifeLock. The deal, which was initially blocked in March, was investigated by the CMA over concerns it would damage the competitiveness of the UK cybersecurity market, potentially leading to a worse deal for UK consumers on security ... Read more ›
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Dr Anas Nader is the CEO and co-founder of Patchwork Health, a digital platform that lets NHS teams recruit, manage and dispatch both temporary and permanent healthcare workers. Founded by Nader and Dr Jing Ouyang in 2016, Patchwork Health is aiming to tackle the workforce crisis affecting the NHS. The London-headquartered startup has raised £27.7m ... Read more ›
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US private investment firm Republic has completed the $100m (£86.5m) acquisition of London-based crowdfunding platform Seedrs. Republic first announced the acquisition agreement in December last year, as part of the New York firm’s plan to bolster its European presence. Founded in 2009, Seedrs is an equity crowdfunding platform that allows large groups of investors, including ... Read more ›
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African-founded motoring fintech Moove is partnering with Uber UK to supply electric vehicle (EV) financing to London’s Uber drivers. It comes as part of Moove’s expansion into the UK, with the company aiming to put 10,000 EVs on the streets of London by the end of 2025. Moove provides revenue-based vehicle financing in industries such ... Read more ›
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Chester-based agtech bank Oxbury has received a £25m boost to its banking reserves from British Business Investments (BBI). Oxbury Bank said the credit facility will bolster its tier 2 capital – a required reserve for banks – and enable it to lend £250m to small and medium agricultural businesses until 2023. The investment from BBI ... Read more ›
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British Business Investments (BBI) has committed up to £10m to Lincolnshire-based Haatch Ventures to invest in early-stage tech startups. BBI is a wholly owned commercial subsidiary of the British Business Bank, the government-backed UK SME investment bank. The commitment will allow Haatch to provide investments into digital and tech businesses through its SEIS Fund. “By ... Read more ›
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Early-stage venture fund Forward Partners has shut down its loss-making revenue-based financing subsidiary, Forward Advances, just two years after launch due to “macroeconomic uncertainty”. The London-headquartered firm said that winding down Advances will allow it to focus on its core early-stage venture capital business, which has invested in the likes of Cazoo, Spoke and Patch. ... Read more ›
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Cambridge-based microchip designer Arm has sued US semiconductor firm Qualcomm, alleging that it breached a contract and infringed on trademarks to design competitor microchips. Qualcomm has been a significant customer of Arm in the past, however, it is now being accused of attempting to transfer licence agreements from Nuvia without consent from Arm. Nuvia is ... Read more ›
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Ryft has closed a seed round of funding that brings the total raised by the fintech startup to £1.2m for its automated next-day merchant payments system. The Ryft seed round was led by SFC Capital, with further investment coming from the ex-founder of Shutterstock and the founder of LoveFilm. The London-based company’s payment solution integrates ... Read more ›
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02.07.2026 19:32
Last update: 19:25 EDT.
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