Nine early-stage proptech startups are on course to secure a combined $18.6m (£14.8m) in funding after completing venture capital firm Pi Labs’ accelerator programme. The London-headquartered VC selected the startups based on their “potential to reshape the future of the physical world and how we engage with the built environment”. The technology being developed by ... Read more ›
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From today around 70 UK businesses will trial a four-day working week, including Sheffield-based tech company Rivelin Robotics. It will see over 3,000 workers in the UK receive the same amount of pay for four days of work. The six-month trial is being run by 4 Day Week Global in partnership with the thinktank Autonomy, ... Read more ›
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The value of initial public offerings (IPOs) in the US and Europe has plummeted by 90% this year, according to data from Dealogic. The data, first reported by the Financial Times, shows that in the first five months of this year 157 companies raised a combined $17.9bn (£14.25bn). By contrast, 628 companies raised a total ... Read more ›
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Niels Thoné is the co-founder and chief growth officer at Sprout.ai, a company using artificial intelligence to automate insurance claims. The London-headquartered company uses natural language processing technology to scan insurance policy documents, understand the context and create rules. It then runs insurance claims against these rules to check if a claim is covered. Founded ... Read more ›
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Diversity and inclusion is central to creating a healthy and stimulating work environment. Developing an accepting and open-minded company culture can take years of planning and hard work. However, technology companies across the UK and beyond are still falling at the first hurdle for being inclusive – recruitment. With nearly a third of LGBTQ+ students ... Read more ›
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London and Luxembourg-based VC firm Fabric Ventures has closed its $140m (£112m) Venture Fund to invest in startups developing web3 projects, securing twice the original target raise. The Venture Fund attracted investment from Apeiron, Andre Schurrle, Dragan Solak, the founders of Polkadot, Zerion, Eventbrite and Matrix Partners China. Fabric Ventures has also raised its first ... Read more ›
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London has retained the top spot as the most attractive city for foreign direct investment in Europe, according to data compiled by professional services company EY. The report shows that in 2021 there were 394 foreign direct investment projects in the capital, a 2.9% rise from 2020. However, London foreign investment projects have failed to ... Read more ›
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Multinational bank HSBC is investing £500m in the UK tech sector through its 2022 £15bn lending fund for small and medium-sized businesses (SMEs). Further allocations of the fund include £2bn for internationally trading businesses, £1.2bn in agriculture and £500m for franchise businesses. “Small firms are the lifeblood of the economy, and they must be paid ... Read more ›
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As UK households feel the crunch of the cost of living crisis, services that provide early access to wages become more appealing to workers in need of cash. However, an executive at payroll on-demand provider CloudPay has warned that the service must be used sensibly and that the onus is on employers to step in ... Read more ›
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London-based venture capital firm Zinc has closed £28m for its latest fund, which will invest in 500 entrepreneurs to build new startups focusing on solving societal problems. The Zinc Fund 2 will then invest in the top 100 startups created via the programme, which will start in October and will focus on B2B solutions that ... Read more ›
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London-based startup Florence has raised £28.5m for its platform that helps health and social care providers fill shifts with temporary staff. Through its app Florence provides nurses, carers and support workers access to shifts, as well as CPD-accredited training. For care organisations, it provides vetted workers, management software, and training current staff. Florence said it ... Read more ›
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Telecommunications giant BT has partnered with Swedish telecom equipment maker Ericsson to provide commercial 5G private networks to businesses in the UK. The multi-million-pound deal will combine BT’s converged fixed and mobile network building expertise with Ericsson’s 5G network technology, resulting in an off the shelf offering for businesses. The arrangement, which is the first ... Read more ›
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Software firm Oxford Metrics has sold its infrastructure asset management division, Yotta, to Causeway Technologies in a £52m deal. London-listed Oxford Metrics is known for its smart sensing software, operating across entertainment, life sciences, and engineering. Among some of Oxford Metrics’ successes is the Vicon motion-capture system, which was used by pop group ABBA in ... Read more ›
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Northumberland-based battery cell manufacturer Britishvolt will build its £200m battery cell scale-up facility in the West Midlands. Through a partnership with Prologis, the Britishvolt will use the Hams Hall facility to research new cell formats and electro chemistries. The site will accelerate its output of production-ready cells, which will then be manufactured at scale at ... Read more ›
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The chief executive of US chipmaker Qualcomm has expressed interest in purchasing a stake in Arm in its upcoming IPO, with ambitious plans down the line for a chipmaker consortium to jointly acquire the UK-based firm. Arm is currently owned by Japanese conglomerate Softbank, which has stated its plan to list the Cambridge-headquartered company on ... Read more ›
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Debite, a London-based financing platform for early-stage startups, has launched in the UK with a £2.5m pre-seed round of funding. The fintech company said it’s bringing the flexibility of the buy now, pay later model to business financing. It has initially launched in the UK with two products: easy-access loans and a business credit card. ... Read more ›
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London and Paris-headquartered virtual fertility clinic Apricity has acquired Madrid-based period tracking app Woom for an undisclosed sum. Woom is a period tracking and community support app that uses artificial intelligence to help women track their menstrual cycle while trying for a baby. Apricity said its acquisition of Woom will allow it to offer a ... Read more ›
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Merge, a banking and payments company founded by a former PayPal and Barclays executive, has raised $9.5m (£7.5m) for a platform that lets web3 companies convert funds between fiat and cryptocurrency. The London-based startup is looking to win over web3 clients that are often perceived as too risky by traditional banks. Merge said it will ... Read more ›
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Revolut is recruiting a head of investor relations in another sign that the British fintech company is gearing up for an initial public offering (IPO). The London-based fintech has posted a job listing that specifically requires experience working with public companies. The company is also looking to hire up to two other investor relations professionals. ... Read more ›
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Swedish fintech Trustly has acquired UK-based competitor Ecospend, as part of a plan to strengthen the company’s position in the British market. Stockholm-headquartered Trustly specialises in account-to-account (A2A) payments using open banking. Fellow A2A firm Ecospend’s position in the UK will support Trustly’s expansion into the UK, which is one of the largest fintech markets ... Read more ›
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19.06.2026 06:29
Last update: 06:20 EDT.
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