London-headquartered Penfold has closed £7m for its digital pension service in a Series A investment round led by Bridford Group. Penfold lets users combine existing pensions and manage them through one platform. Once pensions are added, users can create goals, edit contributions and choose investments. Penfold’s platform is available both to employers to auto-enrol staff ... Read more ›
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Japanese multinational conglomerate SoftBank has reported a record loss of 3.16 trillion yen (£19.4bn) as its investments take a hammering during the global tech selloff. SoftBank’s Vision Fund, one of the most prolific tech investors in the world, posted a record 2.33 trillion yen (£3.8bn) loss as valuations of its portfolio companies slumped amid the ... Read more ›
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When it comes to economic downturns, I’ve been around the block a few times. Railsr, formerly Railsbank, is my third successful startup and with each of my companies, I have faced a downturn including the dot.com bubble, the crash of 2008 and now a post-pandemic crisis. So, from what’s often a painful experience, these are ... Read more ›
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Have you ever wondered who the biggest and best employers in the UK tech scene are? Who has the nicest offices, the most sought-after perks, and the best diversity and inclusion policies? Well, look no further. We’ve done all the legwork and found out who the largest UK tech employers are in four key sectors; ... Read more ›
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The UK tech industry can boost its global reach and encourage growth by striking new trade deals with Israel, according to leading figures in Israeli tech. Since the UK’s exit from the EU, trading relations with Europe have become more complex. The government has been seeking new trade deals to plug the gap of losing ... Read more ›
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Graphene technology startup CamGraPhIC has secured £813,475 in funding from Wealth Club members through the Enterprise Investment Scheme (EIS). CamGraPhIC, a spinout from the University of Cambridge, is creating graphene-based photonics technology that could be used in optical transceivers and in telecom networks. Graphene is stronger than steel as well as a conductor of electricity ... Read more ›
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UK investors pulled £416m from equity funds in July, rounding off the worst January to July period for equity funds since 2016, according to new data. Figures from Calastone revealed the major stock market withdrawal from UK investors, which has reached a total of £2.35bn pulled out in 2022 so far. While rising interest rates ... Read more ›
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US biopharmaceutical company Gilead Sciences is acquiring Oxford-based biotech startup MiroBio in a cash deal valued at approximately $405m (£333.9m). Spun out of the University of Oxford in 2019, MiroBio is a biotech startup creating new therapeutic agents to treat autoimmune diseases by restoring immune balance in patients. It is a portfolio company of Oxford ... Read more ›
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Revolut is continuing its crypto push with plans to increase its digital currency staff by 20%, despite the market slowdown. Following the announcement that Revolut is adding 22 new crypto tokens to its fintech platform, the company is continuing to double down on cryptocurrencies by advertising 13 cryptoasset-related positions. The roles include positions in compliance ... Read more ›
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British EV startup Arrival is delaying trials of its electric bus and car to prioritise the rollout of its van, according to reports. The Financial Times, citing sources familiar with the matter, said Arrival may restart the car project once the company has begun producing revenues. It comes not long after both the bus and ... Read more ›
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Tess Cosad is the co-founder and CEO of Béa Fertility, a startup that provides at-home fertility treatment and ovulation tracking services. Founded in 2020, the London-based startup is aiming to increase access to effective and affordable fertility treatments by offering an alternative to high-cost fertility clinics. Béa Fertility has raised nearly £1m in funding for ... Read more ›
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The Premier League returns today, marking the start of the 2022/23 season. While football has been played professionally in England since the 1800s, the game today looks quite different from its origins – in no small part due to the rise of data analysis technology. But just how important has data analytics become to football? ... Read more ›
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Revolut has continued to ramp up support for cryptoassets despite the market downturn by offering an additional 22 digital tokens on its app. The fintech unicorn has been expanding its cryptocurrency services as part of its wider growth plans to become a finance “super app”. The company recently sought registration from the UK’s financial watchdog ... Read more ›
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Cardiff-based photonics startup QLM Technology has raised £12m in funding for its LiDAR camera that detects and measures greenhouse gas emissions, drawing investment from the Development Bank of Wales. The company, which has had financial support from Innovate UK, has developed a LiDAR camera that uses quantum technology for mapping gas plume shapes to detect ... Read more ›
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The UK must make significant changes to its R&D strategy if it is to achieve the government’s goal of becoming a science and tech “superpower”, according to a cross-party House of Lords committee. The science and technology committee, made up of 14 members of the House of Lords, published its recommendations for the government to ... Read more ›
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The UK tech industry is booming, with record levels of investment helping to create 76 new startups every hour and thousands of jobs. However, an acute shortage of potential employees with sufficient digital skills may jeopardise this momentum. A shift towards more digital-first operations and practices initiated by the pandemic, such as remote working, has ... Read more ›
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Flashpoint Venture Capital has closed $102m (£83.43m) for its VC III fund, with $20m (£16.36m) coming from Hungarian fund manager Széchenyi Funds. The latest contribution means that Flashpoint Venture Capital’s fund has reached its targeted fund size of $100m (£81.85m). “Being a Hungarian, I am especially proud that our first institutional investor is from Hungary ... Read more ›
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London-based digital health startup Cera Care Limited has raised $320m (£263.6m) in an equity and debt funding round, with the goal of increasing the number of patients it serves from 15,000 to 100,000. Based in the UK and with some operations in Germany, Cera’s digital platform provides services such as prescriptions home deliveries and nursing ... Read more ›
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Oxfordshire-based Nexeon has raised an additional $90m from investors, bringing the total capital raised by the battery materials developer’s funding round to $170m (£139.4m). Ingevity Corporation, a US-based chemicals and materials company, provided a $60m cornerstone investment in the second close of the equity round. Separately, Nexeon has received $50m in commercial investments into its ... Read more ›
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London-based employee benefits platform Ben has closed a $16m (£13m) Series A investment to accelerate the development of its software and payments technology. Founded from a desire to modernise the compensation and benefits sector, Ben lets companies create custom benefits packages that are accessed via an employee allowance system. Employees choose the benefits they want, ... Read more ›
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03.07.2026 00:46
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