Metaverse fashion platform RSTLSS has raised $3.5m (£2.67m) in a seed round led by BITKRAFT Ventures. Additional venture capital investment came from Rogue VC, Starting Line, Red DAO, and Venture Reality Fund. The round also attracted angel investors including media personality Paris Hilton, Twitch co-founder Kevin Lin and EpyllionCo managing partner Matthew Ball. London-based RSTLSS ... Read more ›
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London’s Hoxton Ventures has announced a new investment fund of $215m (£163.7), far exceeding the initial target of $150m (£114.2m). The firm’s third fund will go towards early-stage investments into European startups that are seeking to expand globally, particularly into the US market. Investment sizes per company are expected to be in the $500,000 to ... Read more ›
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Turkish urban delivery startup Getir has hit a valuation of $11.8bn (£9bn) following a $768m (£585m) round of funding. The latest valuation makes it Europe’s first rapid delivery decacorn – a private company valued at $10bn or more. Getir exploded onto the UK market after an aggressive expansion plan that saw it snap up UK ... Read more ›
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Vivi Cahyadi Himmel is the co-founder and CEO of AltoVita, a proptech company that provides corporate housing relocation services across the world. Cahyadi Himmel founded AltoVita with Karolina Saviova in 2018 after the pair became frustrated with the “complacency and lack of incentives for innovation” in the corporate housing sector. AltoVita’s online platform aims to ... Read more ›
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The city of Leeds is quickly gaining a reputation as a digital hub, with more and more tech companies setting up an office or headquarters in the Yorkshire city. You know what that means? More really exciting tech jobs open for applications in Leeds. Of the countless number of tech businesses that now call the ... Read more ›
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Global payment firm SimplyPayMe has secured nearly $4m (£5.25m) in funding, led by angel investor Tom Brudenell-Bruce. London-based SimplyPayMe will use the funding to “capitalise on existing and new opportunities in Europe and North America”. SimplyPayMe provides technology for retailers to process in-person card payments using a smartphone scanner, along with a payment app to ... Read more ›
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The $8.6bn (£6bn) acquisition of cybersecurity firm Avast by competitor NortonLifeLock has hit a regulatory roadblock from the UK’s Competition and Markets Authority (CMA). The proposed cash and stock deal has come under scrutiny from the CMA, which has expressed concern that the acquisition could damage the competitiveness of the UK cybersecurity market. The CMA ... Read more ›
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Tech companies based in Northern Ireland attracted a record £100.7m in investment in 2021, according to data compiled by Catalyst. That investment is a 127% increase on the £44.3m raised by Northern Ireland tech startups in 2020. Overall, £100.7m was spread across 66 deals, up from 39 in the year prior. That averages out to ... Read more ›
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Impact investment company Elbow Beach Capital has launched an initial £20m venture vehicle to back startups focusing on decarbonisation, sustainable energy and social impact opportunities. The company will spread its investment across technology that decarbonises supply-chains to create profitable circular economies, sustainable energy tech and infrastructure that reduces the need for fossil fuels and social ... Read more ›
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After years of scrutiny, debate and delays, the online safety bill is being introduced in Parliament today. The bill is a wide-reaching piece of legislation that attempts to cover as much of the internet as possible, from cyber-bullying to online pornography to fraud. Criticisms that the bill is confusing and convoluted as well as too ... Read more ›
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Israeli developer platform Overwolf has acquired Nottingham-based game monetisation service Tebex for $29m (£22.14m). Tebex was founded in 2011 by Lee McNeil as a plugin that lets gamers earn money from running private Minecraft servers. Now it is a checkout and payments platform across ten games including Rust, Gmod, Team Fortress 2 and CS:GO on ... Read more ›
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British edtech company Perlego has raised $50m (£38.2m) in a Series B funding round for the global expansion of its textbook subscription service. Dubbed “Spotify for textbooks”, Perlego provides university students with ‘unlimited access’ to 800,000 textbooks in six languages. London-headquartered Perlego says this model helps publishers recoup losses from pirated textbooks while also making ... Read more ›
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More than 20 fintech companies have criticised the UK’s competition regulator over a lack of clarity in defining and implementing an open banking mechanism for recurring payments. An open letter – signed by companies including Volt, GoCardless and Plum – calls on the Competition and Markets Authority (CMA) to define variable recurring payments, an alternative ... Read more ›
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Supplier insight platform Contingent has closed $8.2m (£6.25m) in a funding round led by Octopus Ventures. The London-based company will use the capital for product development and to fund its international expansion into the US and Europe. It will also make new hires across its product, engineering and commercial teams. Additional investment came from Connect ... Read more ›
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Online payment failures are the reason for up to 40% of customer loss, according to a report from GoCardless and Zuora. The data comes as new Strong Customer Authentication (SCA) rules come into full effect in the UK. GoCardless claims these stricter checks could increase the number of payment failures for businesses that are unable ... Read more ›
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Boltzbit, a London-based startup that has created a platform for businesses to generate AI neural networks without coding expertise, has raised £1.6m in a seed funding round. Boltzbit will use the capital, which came from Speedinvest and IQ Capital, to open an office in Berlin and grow its engineering team. It will also scale up ... Read more ›
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Delivering a great customer experience, or CX, is no longer a ‘nice to have’. It is a key business imperative and crucial for businesses looking to thrive and grow. That’s according to primary research conducted by imimobile, part of Webex by Cisco, to better understand how consumers want to interact with businesses. The vast majority ... Read more ›
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Amplience, a “commerce experience” platform for online retailers, has closed a $100m (£76.5m) Series D funding round. Investment came from Fairview Equity Partners, Sixth Street and previous backer Octopus Ventures. London-based Amplience will use the capital injection for product development and to increase its US and global expansion. “We are doubling-down on product investment, and ... Read more ›
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Episode three of the UKTN Podcast is out now. This week’s guest is Richard Mabey, co-founder and CEO of Juro, a legal tech platform that automates contract signing. During the show, Mabey tells UKTN Podcast host Mark Mcdonagh the importance of picking the right VCs and explains why conviction in your product is crucial for ... Read more ›
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UK chip company Arm has announced it will slash hundreds of jobs following the breakdown of its planned $40bn (£30bn) takeover by Nvidia. Arm CEO Rene Haas informed staff that the company will be eliminating between 12% and 15% of current roles. The bulk of the lost jobs are expected to be in the UK ... Read more ›
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21.06.2026 13:08
Last update: 13:00 EDT.
News rating updated: 20:02.
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