The Department for Transport has proposed an update to The Highway Code that will see insurance companies, rather than motorists, become financially liable for accidents in self-driving cars. The proposed rule changes are being put in place in anticipation of the first wave of driverless car technology arriving on UK roads. The rule requires those ... Read more ›
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London-based cryptocurrency firm Blockchain.com is reportedly seeking a US listing for its upcoming initial public offering (IPO) launch, in a potential blow to the growth of the UK cryptoasset sector. The startup has started interviewing banks ahead of the potential US IPO and could finalise the deal this year. Sources close to the situation told ... Read more ›
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Gravity Sketch, a 3D design tool used by the likes of Adidas and Volkswagen, has raised $33m (£25.3m) in a Series A funding round. The London-based startup will use the additional capital to enhance its platform, which lets designers create ideas in 3D from the onset instead of starting with 2D sketches. Design teams can ... Read more ›
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A French court has given two former Deliveroo managers suspended one-year prison sentences for abusing the freelance status of the British food delivery company’s riders. The managers were also fined €30,000 (£24,955) each. The London-headquartered company was handed a fine of €375,000 (£311,966) and was told to publish the court’s decision on the home page ... Read more ›
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The investor term sheet is a staple of the startup world. It’s an essential document for entrepreneurs and investors during the fundraising process, outlining the non-binding terms of an investment ahead of a legally binding agreement. No two are the same, but most contain key information such as a company’s assets, valuation and voting rights. ... Read more ›
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Cybersecurity researchers have warned UK government officials working in 10 Downing Street that their devices have been targeted by spyware that can turn smartphones into remote listening devices. Digital rights watchdog Citizen Lab said it has discovered evidence pointing to spy software known as Pegasus, made by Israeli company NSO Group, being used in the ... Read more ›
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Wearable tech company Soter Analytics has secured $12m (£9.2m) in its Series A round led by AV8 Ventures. Soter Analytics will use the funding to boost R&D of its wearable, artificial intelligence (AI) powered wearables designed to prevent injury in the workplace. Soter Analytics will also continue to grow its market share in the US, ... Read more ›
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Cryptocurrency exchange service Currency.com said it was hit with a flurry of Russian cyberattacks just hours after its London-based owner, Viktor Prokopenya, announced that the company would stop serving clients in Russia. The company had approximately 500,000 customers based in Russia before the announcement, with call-centre staff receiving verbal abuse minutes after Prokopenya’s statement. The ... Read more ›
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UK businesses are increasingly seeking additional finance and taking on higher debts to combat soaring inflation, rising energy bills and growing operational costs, a study has found. The sharp rise in UK costs is the largest problem for around half of medium-sized businesses in the country, according to new data from accountancy firm BDO. The ... Read more ›
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Daniele Izzo, CEO and co-founder of intelligent crypto services company Amon Tech, believes investors should be able to keep their cryptocurrency and earn money from their investment. Izzo co-founded Amon in 2018 to solve two common problems with cryptocurrency spending: real-time conversion and market volatility. That’s why Amon Tech has created a product that lets ... Read more ›
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Online fraud prevention platform SEON has raised $94m (£72m) in a Series B round led by Silicon Valley’s IVP. London-based SEON is working to protect companies and consumers from increasingly sophisticated online fraud scams. SEON uses data to determine an individual’s digital footprint based on their email address, phone number, IP address, or location in ... Read more ›
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Valued at approximately $25bn in 2021, the non-fungible token (NFT) market size is increasing at an extraordinary rate, with an expectation for sales to reach close to $35bn in net sales by the end of 2022. Defined as a unique piece of data stored using blockchain technology, an NFT is used to identify proof of ... Read more ›
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Tom McGillycuddy is the co-founder of CIRCA5000, an impact investing platform. McGillycuddy launched CIRCA5000 alongside co-founder Matt Lathamin 2018, then known as tickr. CIRCA5000 lets retail investors invest in “responsible businesses that see the value in our continued existence”. Portfolio companies include the likes of plant-based meat alternative Beyond Meat, alternative dairy product company Oatly ... Read more ›
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One year on from the government’s reform of IR35 – the UK’s off-payroll working rules – and a picture is emerging of businesses struggling to recruit IT contractors. The updated rules, introduced on 6 April 2021, mean it’s up to all medium and large-sized businesses to decide whether a worker is a contractor or an ... Read more ›
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Event planning and management platform OnePlan has secured £4.1m in funding from previous investors Pembroke VCT and Eppes Creek Ventures. OnePlan will use the extra capital to continue developing its technology – a “venue twin” platform for mapping and planning live events at places such as sporting arenas. It provides real-time collaboration software that uses ... Read more ›
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Connectd – a platform that bring together a network of entrepreneurs, startups and investors – has secured £1.2m in seed funding. Connectd has created a data-driven network to match startups with investors for early-stage funding. Members pay a subscription fee to access the network. “This investment takes us another step forward in becoming the community-driven ... Read more ›
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Business management platform Fluid.work has secured £2m in funding from Praetura Ventures. Fluid.work will use the funding to expand its headcount, increase marketing and for global expansion. London-headquartered Fluid.work offers cloud-based business management tools and collaboration software. Businesses can use the software for automated workflows, presentation creation, interactive dashboards, work hubs, resource management, integrations reporting ... Read more ›
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Shares in Darktrace dropped by as much as 11% on Wednesday despite the British cybersecurity company’s strong revenue growth and positive forecasts. The share price drop comes as a one-year lock-up agreement preventing Darktrace staff from selling their shares is set to end at the start of May. As reported in The Times, Darktrace expects ... Read more ›
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Wagestream, a financial support app for workers, has raised £135m in a Series C funding round led by Smash Capital. The London-based company gives frontline workers early access to up to 50% of their accrued wages. The app aims to give employees a greater level of control over their finances with a series of services, ... Read more ›
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London-based fintech Capital on Tap has secured a $200m (£153.6m) investment from HSBC and Värde Partners to continue expanding its SME funding service in the US. Founded in 2012, Capital on Tap provides business credit cards that come with spending controls, reporting and rewards. The alternative lender initially focused on the UK market but launched ... Read more ›
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21.06.2026 06:58
Last update: 06:51 EDT.
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