University of Cambridge spinout Barocal has secured a £1.3m investment to help commercialise its refrigeration technology that’s designed to cut down global carbon emissions. The latest funding was led by IP Group, which funds companies that are working on solving some of the world’s most notable challenges. Cambridge Enterprise, the commercialisation arm of the University ... Read more ›
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We’ve all heard stories about crazy work perks. From office beer taps to free botox, companies are always trying to find new and inventive ways to attract top talent with employee benefits. This has become even more important for companies amid the Great Resignation, with dissatisfied employees leaving in their droves for pastures new. Employee ... Read more ›
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Despite soaring global interest the majority of people in the UK remain sceptical about cryptocurrencies, with research showing 49% would not be willing to use them compared to 26% who said they would. In a survey of 2,000 Brits conducted by Okta and Statista, the most commonly cited concern was that their money would not ... Read more ›
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UK companies are ramping up their searches for developers, designers and data scientists to work in metaverse related jobs. Data compiled by job search engine Adzuna reveals that the number of UK metaverse vacancies has increased fivefold since October 2021 – the same month that Facebook rebranded to Meta to reflect its new focus on ... Read more ›
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Mobile game startup Tripledot Studios has become the UK’s latest unicorn after a $116m round of funding put the company’s valuation at $1.4bn (£1bn). The London-based software firm said it will use the new funds primarily for the acquisition of other developers. “We want to buy studios, and use our platform to take those great ... Read more ›
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Manchester-based bot detection and mitigation startup Netacea has secured $12m (£9m) in Series A funding to fuel its expansion in the UK and US. The financing comes from experienced professionals in the cybersecurity sector, including Crowdstrike’s Gerhard Watzinger, Malwarebytes Marcin Kleczynski, and former Capsule8 John Viega. It also received capital from long-term backer Mercia Asset ... Read more ›
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Fintech company Banked has raised $20m (£14.8m) in a Series A funding round led by Bank of America and Edenred Capital Partners. The London-headquartered startup plans to use the fresh capital to expand its financial services into the US. It is currently active across Europe. Existing investors Acrew, Force Over Mass, Firestartr, OM2, Love Ventures ... Read more ›
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HMRC, the UK tax authority, has seized three non-fungible tokens (NFTs) as part of an investigation into a suspected VAT repayment fraud involving 250 companies alleged to be fake. Three people have been arrested on suspicion of attempting to defraud HMRC of £1.4m. The unnamed suspects are alleged to have used sophisticated methods in an ... Read more ›
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The UK’s financial watchdog has forced fintech companies Klarna, Clearpay, Laybuy and Openpay to change “potentially unfair and unclear” terms in their buy-now-pay-later (BNPL) products. The Financial Conduct Authority (FCA) said it identified areas of “potential harm to consumers”. The regulator added that the four BNPL firms “fully cooperated” to address its concerns. Some of ... Read more ›
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Hydrogen fuel startup Bramble energy has secured £35m in Series B funding led by investors HydrogenOne Capital Growth. Further investment came from BGF, IP Group, Parkwalk Advisors and the UCL Technology Fund. The London-based company will use the new round of funding to expand its deployment of its fuel cell stack technology commercially in an ... Read more ›
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London-based ev.energy, which provides software to manage electric vehicle (EV) charging, has raised a further £295,000 in funding to scale its virtual power plant (VPP) that aims to reduce the strain on the UK’s power grid during peak times. Innovate UK, a government research department, provided the latest funding to bring its total investment in ... Read more ›
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Deliveroo is trialling rapid grocery deliveries with British supermarket Waitrose in the latest sign that competition is intensifying in the on-demand grocery delivery sector. The trial will take place at a delivery-only store opening in Bermondsey, London, later this month. Customers in the vicinity will be able to order up to 1,000 Waitrose items such ... Read more ›
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Insurtech firm FloodFlash, which uses internet of things (IoT) sensors to detect flooding and determine insurance payouts, has closed a $15m (£11m) funding in Series A round led by Buoyant Ventures along with Munich Re Ventures. London-headquartered FloodFlash intends to use the investment to boost international expansion, targeting markets including the US, Germany, Australia, and ... Read more ›
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London-based search intelligence platform Adthena has secured a $13.5m credit facility from venture debt firm Espresso Capital. The paid search advertising company will use the fresh funds to fuel further growth in the US. Founded in 2012, Adthena is a search intelligence platform that employs AI-driven technology and a team of experts to help brands, ... Read more ›
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The Scottish government has invested £6m in an accelerator programme with the goal of improving public sector innovation. The capital has been awarded to CivTech, a government-run accelerator programme, to fund small and medium-sized businesses that are developing digital solutions for optimising public sector services. The funding was announced at CivTech’s sixth Demo Day event ... Read more ›
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Leslie Kanthan is the CEO and co-founder of TurinTech, a company that helps businesses create, deploy and optimise AI by automating the whole data science lifecycle. Kanthan founded TurinTech in 2018 with three University College London (UCL) researchers from the Department of Computer Science. The TurinTech founder previously worked for Credit Suisse, Bank of America, ... Read more ›
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Vitesse PSP, a London based global payment liquidity and treasury management platform, has raised $26m (£19m) in a Series B funding round. The funding was led by Prime Ventures, along with investment from Octopus Ventures, which previously led the Series A funding round for the company back in 2020. In addition, Hannover Digital Investments and ... Read more ›
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UK-founded online car retailer Cazoo has sold a $630m (£465m) stake to an investor group led by Viking Global just under a year after it listed on the New York Stock Exchange. Cazoo said it will use the extra capital to fund its growth in the UK and expansion in Europe. It raised the latest funding ... Read more ›
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The Midlands Engine Investment Fund (MEIF), a funding initiative operated by the government-owned British Business Bank, has now invested £150m into businesses located in the Midland regions. The milestone comes five years after the fund was launched in 2017. It has made a total of 702 investments into 500 businesses located across the West and ... Read more ›
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An initial public offering (IPO) is one of the primary options for founders and investors looking to raise significant amounts of capital. While London’s markets have historically been a pre-eminent location for companies to list, there has been growing concern about the City’s international competitiveness – particularly when it comes to technology firms. The government ... Read more ›
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21.06.2026 19:58
Last update: 19:51 EDT.
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