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Oscar Hornstein @ UK Tech News 1 place · 07/11/2022 10:32 EDT

Leeds-based VR specialist XR Games raises £5.9m

Leeds-based video game studio XR Games has secured £5.9m in funding led by Act Media Ventures, Praetura Ventures and Maven. Specialising in immersive augmented reality (AR) and virtual reality (VR) experiences, XR has developed several gaming projects based on popular films, including Zombieland and the Angry Birds movie. XR has developed for both the mobile ... Read more

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UK Tech News
George Simister @ UK Tech News 2 place · 07/11/2022 06:40 EDT

Greenpixie secures £200,000 to measure cloud’s carbon emissions

Carbon measuring platform Greenpixie has raised $250,000 (£209,000) in its first fundraise led by Ascension, alongside angel investors Christian Arno and Ross Johnson. Shared exclusively with UKTN, Greenpixie will use the capital for growing its Cloud NetZero product, which monitors carbon emissions within cloud computing. “Until now, no one has taken responsibility for the staggering environmental ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/11/2022 06:25 EDT

London Stock Exchange to back review of declining fintech growth

The London Stock Exchange has agreed to back a review addressing declining growth and investments into UK fintech startups. Announced as part of Fintech Week London, the review will bring together key industry partners, regulators, investors, and fintech companies to better understand the trajectory of the industry and ensure it thrives. Fintech has been one ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/11/2022 05:46 EDT

London-based consumer tech company Nothing tomorrow will launch its first smartphone, the phone (1). For many people, this will be the first time that they have been made aware of the company. It’s not often that a new player in the smartphone game can try and compete with the likes of Apple and Samsung, but ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/11/2022 05:41 EDT

West Midlands and North East businesses hit hardest by cost of living

One in five small businesses in the UK is at serious risk of closure due to the rising cost of living, with the greatest areas of concern being the West Midlands and the North East, according to new data. The research from London-based business financial platform Tide found that companies are increasingly struggling to handle ... Read more

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UK Tech News
Sam Evans @ UK Tech News · 07/11/2022 01:00 EDT

For UK startups, a global growth mindset is crucial from day one

UK tech is scaling fast across regional borders, with the sector in high-growth mode across all areas of the country. What started out as a community around East London’s Silicon Roundabout now has talented, ambitious entrepreneurs coming forward from every corner of the UK, with tech ‘unicorns’ found in every region. This growth is exciting, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/10/2022 19:01 EDT

Poundtoken: Stablecoin tied to British pound launched by Blackfridge

Fintech company Blackfridge has launched a new stablecoin tied to the value of the British pound. The Isle of Man-based company has said its coin, called “poundtoken”, is the first fully backed GBP stablecoin regulated in the British Isles. Stablecoins are a form of cryptoasset that have their value linked to something else – in ... Read more

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UK Tech News
George Simister @ UK Tech News 1 place · 07/08/2022 07:03 EDT

Volta awarded £400,000 by Innovate UK for mixed reality platform

Mixed reality startup Volta has been awarded a £400,000 grant from government agency Innovate UK for its platform that lets artists create 3D graphics for projectors and screens that respond to audio. The Innovate UK grant will be used by Volta for research and implementing “audience interaction features” for its live events software, such as ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 07/08/2022 06:47 EDT

Online safety bill amendment aims to safeguard journalist content

The government has tabled an amendment to the online safety bill that would prevent digital platforms from taking down news content without an appeal process. The online safety bill is a proposed law that would, among other things, give UK regulators the power to force social media firms to take down content that is perceived ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 07/08/2022 06:19 EDT

Five Tube stations to get 4G coverage in boost for London business commuters

Millions of business commuters will soon be able to enjoy 4G mobile internet at five major London Tube stations thanks to a partnership between all major mobile providers, Mayor of London Sadiq Khan has confirmed. Losing connectivity and going off-grid while commuting to work or between meetings on the London Underground is a scenario all ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/08/2022 06:02 EDT

FCA appoints chief Hong Kong regulator Ashley Alder as chair

Ashley Alder has been appointed chair of the Financial Conduct Authority (FCA), the regulator responsible for keeping UK fintech in check. Alder is expected to begin his five-year term in January. He is currently the chief executive officer of the Securities and Futures Commission (SFC) in Hong Kong. He will take over the role from ... Read more

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UK Tech News
Robert Scammell @ UK Tech News · 07/08/2022 05:42 EDT

Founder in 5: Superscript CEO on burnout, blockchain and launch regrets

Cameron Shearer is the co-founder and CEO of Superscript, an insurtech scaleup providing business insurance. Founded in 2015 by Shearer and Ben Rose, then known as Digital Risks, the London-based company provides flexible subscription-based insurance coverage to SMEs. Superscript’s coverage includes policies such as employer liability, business interruption and equipment insurance. It has been chosen ... Read more

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UK Tech News
Robert Scammell @ UK Tech News · 07/08/2022 01:30 EDT

Sure Valley Ventures expands to Leeds and Manchester in regional push

Fresh from raising a £95m fund to invest in software startups located across all of the UK, Sure Valley Ventures is now putting its people where its money is. The venture capital firm this week announced that it’s established teams in Manchester and Leeds, hiring two principals in each of the northern cities. Mel Ellyard, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/07/2022 10:35 EDT

EU introduces landmark crypto law amid calls for UK to keep pace

The EU has agreed on a landmark crypto law, making it one of the world’s only political institutions to agree on significant regulation of the technology, as the UK and US continue to delay. The Markets in Crypto-Assets (MiCa) law, which is set to come into effect at the end of next year, is among ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 07/07/2022 07:28 EDT

Crypto game studio Cauldron raises £5.5m to become ‘Pixar of Web3’

London-based crypto video game studio Cauldron has raised $6.6m (£5.5m) as it aims to become the “Pixar of Web3”. Web3 gaming uses blockchain technologies as part of the core mechanics. This can include earning and spending cryptocurrencies in-game and using NFT assets as items. While there are already a number of video game companies exploring ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/07/2022 06:40 EDT

Fintech Griffin raises £12.5m as it seeks banking licence

Banking as a service fintech company Griffin has raised £12.5m in a funding round to support the development of its API banking platform. Based in London, Griffin is building a full-stack platform that aims to streamline the performance of financial services. Among Griffin’s list of services is the tracking of funds and the management of ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/07/2022 06:04 EDT

UK competition regulator joins EU in investigating Amazon’s marketplace

The UK’s competition watchdog has launched an investigation into online retail giant Amazon, which is alleged to have breached competition law by promoting its own products on its marketplace over third-party merchants. The investigation from the Competition and Markets Authority (CMA) follows the launch of an ongoing probe from the European Commission over similar concerns. ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/07/2022 03:00 EDT

YuLife to expand insurance offering with £100m funding

Insurtech company YuLife has raised $120m (£100m) in Series C funding to ramp up global expansion and scale its product range. Through its app, YuLife customers are rewarded with YuCoins, a digital token, for taking part in wellness activities. These coins can then be spent on gifts, donating to charity or planting trees. Sammy Rubin, ... Read more

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UK Tech News
Pippa Hardy @ UK Tech News · 07/07/2022 01:45 EDT

Five of the most in-demand UK tech roles for 2022

The tech industry has changed considerably over the last five years due to the Covid-19 pandemic, the rise of remote working, and of course, the much-talked-about Great Resignation. We have seen huge shifts in both priorities and technology. The UK unemployment rate fell to 3.7% between January and March this year – its lowest for ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/07/2022 01:00 EDT

WiseWorks AI raises £1m to automate financial compliance tasks

WiseWorks AI, a startup providing financial institutions with automated tools to optimise compliance duties, has raised $1.2m (£1m) in an oversubscribed seed funding round led by Veridian Ventures. The London-based startup uses AI technology to help regulated firms track, record, and report digital communications. Businesses communicating internally are increasingly relying on digital tools, particularly with ... Read more

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