London-headquartered Foundy has raised £1.25m for its acquisition marketplace in a funding round led by Fuel Ventures. Startup shareholders – including founders and employees – can anonymously list company equity on the Foundy platform to raise funds or seek full or secondary buyouts. Foundy will use the capital to expand its teams across engineering, marketing ... Read more ›
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London-based venture capital firm 2xN has launched a $120m (£99.8m) fund to invest in 20 to 25 quantum computing startups across Europe and the US. Its oversubscribed fund – its second following a $50m fund unveiled in 2021 – will write cheques of $3m to $5m per company from the pre-seed to Series A stage. ... Read more ›
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Manchester-based fintech BankiFi has raised £4m in funding to ramp up its US expansion and push into new markets. Manchester’s Praetura Ventures led the funding round, with support coming from the Manchester Combined Authority (GMCA) to make it a hattrick for the North West England city. BankiFi builds white label financial software for small and ... Read more ›
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Challenger banks Monzo and Starling have trumped high street banks in a customer survey of service quality for UK personal and business current accounts. UK banks are required by the Competition and Markets Authority (CMA) to take part in the survey and publish the results. Starling Bank and Monzo came out on top as the ... Read more ›
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Scotland-based asset management company Abrdn has bought a majority stake in the crypto trader firm Archax, the UK’s first regulated cryptoasset company, in the latest example of financial institutions embracing cryptocurrency. Following the undisclosed investment, Abrdn will become Archax’s largest external shareholder, according to a company statement. Archax, which was founded in 2018, became the ... Read more ›
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“We’re an ambitious and dynamic region,” says Robert Franks, managing director of West Midlands 5G (WM5G), an innovation and digital acceleration company. Franks believes that Birmingham’s strong manufacturing history was a key factor in the city being selected to home the UK’s first 5G commercial innovation centre. “We believe that all of the industries we ... Read more ›
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Revolut has been granted cryptoasset authorisation in Cyprus, allowing the UK-based fintech to provide additional regulated crypto services to its 17 million European customers as it continues to seek a crypto licence in its home country. Revolut has been ramping up its cryptoasset plans this month, adding an additional 22 crypto tokens to its offering, ... Read more ›
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As a new founder and hiring a team for the first time, I’ve been grappling with the question of culture fit vs mindset fit vs experience fit. What are the best criteria to use when hiring someone at a high-growth startup? Based on all my learnings from launching Trumpet, a B2B sales platform, I believe ... Read more ›
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Remote workplace renting platform Jarvo has raised more than £360,000 through its Seedrs crowdfunding campaign. Jarvo, self-described as the “Airbnb for work”, provides remote workers access to nearby working spaces that can be rented inside of people’s homes. “The traditional office space is dead, and while co-working spaces have opened up a world of collaboration, ... Read more ›
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London-based NFT platform Fair.xyz has secured $4.5m (£3.7m) in new funding led by Eden Block, with participation from OpenSea, NFX, and Firstminute Capital. The company was founded by engineers from Instagram, Facebook, and Goldman Sachs and aims to provide an NFT platform for creators to launch collections of digital art. There are loads of no-code ... Read more ›
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London-based investment firm Portfolio Ventures has closed its second angel fund, with over £5m to invest in early-stage UK startups. The new fund will focus on funding startups in the fintech, insurtech, and software as a service (SaaS) sectors from pre-seed to Series A and will invest between £100,000 and £500,000 per company. “We are ... Read more ›
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InMotion Ventures, the venture capital division of Jaguar Land Rover, has hired ex-BP Ventures analyst, Sam Nasrolahi as a principal. Nasrolahi joins InMotion Ventures from her previous role as expansion principal at mobility startup Via, where she was responsible for its ridesharing and delivery service in the EMEA and US. Before this, she worked at ... Read more ›
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Dr Owain Rhys Hughes is the CEO and founder of Cinapsis, a clinical communications platform for primary and secondary care clinicians. Hughes – an ear, nose and throat surgeon – founded Cinapsis in 2015 after experiencing first-hand delays in clinical care in the NHS. Clinicians can use the Cinapsis platform to request advice, securely share ... Read more ›
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In a bear market, what goes up usually comes down. But according to SoftBank chief Masayoshi Son, some founders are defying this principle when it comes to private startup valuations. And in the view of the billionaire tech investor, denying a downround will only prolong the economic pain facing the startup world. But is he ... Read more ›
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When I was 27 years old, I had my first child: SEEN Connects, an influencer marketing agency. For six years, I’ve grown the business internationally, opening offices in the UK and US and hitting £20m annual turnover. In nearly four weeks, I’m going to take my longest break since I founded my firstborn to step ... Read more ›
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British electric vehicle (EV) startup Arrival has confirmed it will begin deliveries of its long-awaited electric van in the final quarter of 2022 from its Bicester microfactory. It comes a week after it emerged that US-listed Arrival was pausing trials of its electric car and bus to focus on meeting deadlines for its van. Confirmation ... Read more ›
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Nearly a quarter of UK tech companies made it to Series C or exit stage in 2021 but the UK must do more to nurture earlier stage startups, according to Tech Nation. The tech entrepreneur organisation said that 50% of earlier-stage startups were struggling to scale beyond the seed and pre-seed stage. Tech Nation said ... Read more ›
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Bristol-based startup LettUs Grow is trialling its vertical farming technology in UK prisons with the goal of teaching prisoners skills for rehabilitation. To begin the trial will start at HM Prison Hewell based in Worcestershire, where LettUs Grow has delivered one of its “DROP & GROW” aeroponic container farms. Aeroponic farming removes the need for ... Read more ›
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Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly. The advertising watchdog first raised the issue in 2021, when the Premier League team wrote in a post on Facebook “$AFC in now live $CHZ” and “What song do you want ... Read more ›
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London-based virtual reality (VR) startup FundamentalVR has secured $20m (£16.3m) in funding for its immersive medical training tech. Founded in 2012, FundamentalVR has developed a medical simulation platform that combines VR and haptic feedback to give training surgeons a way to practice procedures. FundamentalVR claims its tech can accurately mimic the sights, sounds, and physical ... Read more ›
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16.06.2026 13:38
Last update: 13:30 EDT.
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