Insurtech startup Urban Jungle has raised £16.5m in a Series A funding round led by Intact Ventures. The firm will use the Series A investment to scale its UK home insurance business and expand into new markets. Urban Jungle is a home insurance provider for renters and homeowners. It aims to make insurance cheaper through ... Read more ›
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London-based biotech company Shellworks has raised $6.2m (£5m) in seed funding to scale its plastic-free and compostable packaging technology. Founded in 2019, the startup is aiming to ramp up the commercial side of its compostable vegan packaging business by initially targeting the beauty industry, which produces more than 120 billion units of packaging per year. ... Read more ›
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The European Central Bank (ECB) has warned that cryptoassets pose a major risk to global financial stability in its bi-annual review. The ECB review said that closer connections between the cryptoassets industry and banks could damage the global economy, with the recent ‘cryptocrash’ highlighting the volatility of digital assets. The review warned that “systemic risk ... Read more ›
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London-based VC firm Crane Venture Partners has launched a £112m fund to back early-stage deep tech startups operating in areas including open-source, artificial intelligence, data, and developer tools industries. It’s the second early-stage tech fund launched by Crane VP, with the first coming via a $90m (£71.8m) fund in 2019. Crane expects around 50% of ... Read more ›
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Payments provider Paddle has acquired US subscription and retention automation software ProfitWell in a deal valued at over $200m (£160m) in cash and equity. Paddle will incorporate ProfitWell’s financial analysis, pricing and retention tools into its own platform. Paddle said it is funding the acquisition of Profitwell via its $200m Series D funding round earlier ... Read more ›
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London-based Crowd Data Systems (CDS) has raised €1m (£856,000) for its corporate treasury software platform aimed at modernising corporate finance management. CDS connects treasury services using APIs and open banking. Its cloud-based software is used by corporate treasurers who are responsible for managing a firm’s liquidity, funding and capital. The B2B platform automates manual processes ... Read more ›
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Flexa, a platform aggregating the workplace benefits for job candidates, has raised £2.3m in seed funding led by Ada Ventures to expand its global reach. Job seekers can use the London-based startup’s hiring platform to discover more about a potential employer before applying for a job. Companies are verified through Flexa’s “two-stage benchmarking process”. This ... Read more ›
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There’s no doubt that customer experience (CX) has become a board-room level discussion as it’s grown to be the key brand differentiator. In recent research, we found that 61% of consumers are willing to pay more for a better experience, and 55% would switch brands for better levels of service. We found consumers valued efficiency ... Read more ›
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Rapid grocery delivery startup Gorillas is pulling out of several regions in Europe to focus on its key markets, including the UK, as the company shifts its focus from “hyper-growth to a clear path to profitability”. The Berlin-based grocery delivery company said it will cut around 300 roles within its global workforce in an effort ... Read more ›
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AI startup OpenDialog, which is developing technology to improve machine to human interactions, has raised $5m (£4m) in its first seed round of funding. The London-headquartered startup’s conversational AI platform lets users design, develop and deploy “human-to-machine conversations” with no knowledge of coding required. OpenDialog will use the seed capital, which it secured in four ... Read more ›
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Technology group ClearCourse has opened a Northern tech hub in Preston, Lancashire, and will invest a further £1m to promote growth in the area. The Northern Tech Hub will be home to three of ClearCourse’s businesses – EKM, FLG and BrightOffice. Initially, around 150 employees will move to the Northern Tech Hub. ClearChourse will spend ... Read more ›
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London-based fintech loan provider Creditspring has raised £48m to ramp up its money lending services amid the cost of living crisis. The company said the new funds will go towards increasing its lending capacity to meet the increased demand for loans as both inflation and daily costs continue to rise for UK consumers. Creditspring has ... Read more ›
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The UK’s data watchdog has slapped US-based facial recognition software company Clearview AI with a £7.5m fine for illegally collecting billions of images of UK people online. The Information Commissioner’s Office (ICO) said Clearview collected more than 20 billion images of people’s faces from social media and other internet sources to add to its facial ... Read more ›
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AI waste analytics platform Greyparrot has closed an $11m (£8.7m) Series A funding round led by Una Terra. Greyparrot uses computer vision technology to analyse and sort waste into the right categories at waste facilities. It also provides waste analytics that can be used by waste managers, producers and regulators. Its technology is used by ... Read more ›
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Foodsteps, a London-based startup that has developed a platform to help the food sector reduce its carbon footprint, has raised $4.1m (£3.2m) in a seed funding round led by Octopus Ventures. Foodsteps provides companies with a platform to calculate, label and reduce the environmental footprint of the food industry at every stage of the process. ... Read more ›
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California-based venture capital firm Sequoia Capital has revealed the 17 members of its inaugural Arc cohort, a seed-stage investment and mentorship programme for European tech startups. Sequoia is a powerhouse in the tech VC investment world and has previously backed the likes of Google, Nvidia, Apple and PayPal. Historically, it has mainly invested in US ... Read more ›
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The UK’s Financial Conduct Authority (FCA) chair has questioned the legitimacy of speculative crypto tokens and highlighted the challenges facing the watchdog in regulating the cryptocurrency sector. In a speech given on Friday, FCA chair Charles Randell expressed scepticism about “speculative crypto tokens”. Cryptoassets have been a hot topic for the financial watchdog, particularly as ... Read more ›
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Tranch, a startup providing buy now pay later (BNPL) services for software sellers, has emerged from stealth and raised £3.5m in a pre-seed round led by Flash Ventures. London-based Tranch will also join the prestigious US tech accelerator Y Combinator’s Summer 20022 cohort. Tranch will use the capital – which came as combination of debt ... Read more ›
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British challenger bank Atom is reportedly considering a US public listing as interest from a New York-based special purpose acquisition company (SPAC) increases. Founded in 2013, Atom Bank has been one of the standout success stories in the UK’s fintech market, capitalising on the introduction of open banking to compete with the traditional banking giants. ... Read more ›
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Twitter has a bot problem. At least, it does according to Elon Musk, the billionaire entrepreneur in the midst of a $44bn ($35bn) takeover of the social media platform. Musk has said that if his bid is successful he will “authenticate all real humans”. A London-based startup, called Better Social Media, is building a social ... Read more ›
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19.06.2026 08:09
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