Global Processing Services (GPS), a London-based payment firm whose technology is used by digital banks such as Revolut and Starling, has raised an additional $100m (£73m) to bring the now-closed funding round to $400m (£291m). The round first opened in October 2021, attracting $300m from the likes of Advent International and Viking Global Investors. Global ... Read more ›
13
London-based B2B-focused sales and marketing lead generation platform provider Cognism has raised $87.5m (£64m) in funding. The Series C round was led by new investor Viking Global Investors while other participants included fellow new investor Blue Cloud Ventures and follow-on investors AXA Venture Partners, Swisscom Ventures and Volution. Cognism will use the funding to fuel ... Read more ›
2
From blockchain e-ticketing to a drone marketplace, FinTech Wales Foundry has unveiled the nine fintech startups taking part in its flagship accelerator programme. The 2022 accelerator programme, called “Validate Raise & Scale”, doesn’t see FinTech Wales Foundry take equity in the startups. The 12-week programme aims to help founders overcome the challenges of validating, fundraising, ... Read more ›
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Last year London tech startups raised a record $25.5bn (£18.55bn), making it the fourth-highest city for VC investment globally. The UK capital sits behind San Francisco ($98.5bn), New York ($47.5bn) and Greater Boston ($29bn) for VC investment. Research by business growth agency London & Partners and startup data firm Dealroom shows that megarounds of $100m ... Read more ›
6
KYND, a provider of cyber risk management solutions for the insurance industry, has raised £3.25m from UK and Ireland-based growth capital investor BGF. The London-based startup will use the fresh funds to fuel global expansion plans and launch new products. Founded in 2018 by Andy Thomas and Melanie Hayes, the startup provides software to understand ... Read more ›
4
A Conservative peer and entrepreneur has called for the government to introduce a raft of measures to encourage UK impact investments, including tax breaks for VCs backing green startups. Nat Wei, the baron of Shoreditch, said that to achieve Net Zero targets there needs to be a “dramatic increase in the flow of capital to ... Read more ›
2
UK impact banking app Novus has reached its £900,000 crowdfunding target within minutes of launching its campaign on Seedrs as it gears up for a UK rollout this month. The startup, which last year became a certified B Corporation in the UK, was founded by five entrepreneurs with shared experience in fintech, software, growth, and ... Read more ›
4
London-based circular economy fintech Twig has raised $35m (£25.7m) in a Series A funding round. The funding will be used to help Twig roll out the “first-of-its-kind” Web 3.0 green payment infrastructure, alongside its current financial offerings. It also plans to use the cash to fund its expansion to the EU and US. The scaleup ... Read more ›
0
Investors put more than £150m of capital into UK virtual reality (VR) companies in 2021, making it a record year of funding for the sector. Analysis by institutional stockbroking firm Arden Partners shows private investment in UK VR firms increased by 72% from 2020 levels. It was bolstered by an unprecedented surge in investment in ... Read more ›
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London-based digital solutions provider Softline has acquired an 85% stake Academy IT, a Russia-based edtech company. The move will help Softline provide corporate training and learning management solutions in tandem with its existing technology education and training business. Sergey Chernovolenko, Softline’s CEO, said: “We are excited to soon welcome Academy IT to the team. Our ... Read more ›
2
Fly Now Pay Later, a London-based fintech company that helps consumers spread the cost of their travel over a flexible duration, has secured a $75m (£55.2m) debt funding package from Atalaya Capital Management. The company will use the capital to expand its operation into the US. As a part of the funding package, the New ... Read more ›
3
UK-based venture capital firm Molten Ventures has led a $25m (£18.4m) Series B funding round in MOSTLY AI, an Austrian synthetic data generation platform. Other backers include existing investors 42CAP, Earlybird and a new investor Citi Ventures. The AI startup will use the fresh funding to further develop its offering, accelerate its growth in Europe ... Read more ›
0
Gateshead-based startup ART Health Solutions has secured an £800,000 funding boost from the North East Venture Fund (NEVF) to develop an employee wellbeing app. Founded by sport scientists Dr Phill Bell and Dr Paul Smith, ART Health’s One Wellbeing app aims to bring sports science to workplace wellbeing. The capital injection will be used to ... Read more ›
26
Over the last 18 months, you might have heard the term “Great Resignation”. But what does this buzz phrase really mean and how will the Great Resignation affect UK tech jobs in 2022? The Great Resignation, also known as the “Big Quit”, is a term coined by Professor Anthony Klotz of Texas A&M University to ... Read more ›
3
Spinview, a London-based visual intelligence company that makes digital twins of physical infrastructure, has partnered with Transport for London (TfL) to digitally monitor tracks and tunnels in the London Underground. The 3D model of London’s tube network will be used for maintenance and to provide data on noise and heat levels, as well as carbon ... Read more ›
2
London-based investment fintech PrimaryBid is close to completing a £110m funding round led by SoftBank’s Vision Fund II, according to reports. The Series C funding round would push the company’s valuation to over £368m on a pre-money basis according to Sky News, which first reported the story over the weekend. PrimaryBid is a platform that ... Read more ›
3
The UK workforce has a growing appetite for a four-day week, with a survey finding that nearly one in three Brits (31.2%) are actively looking for a job with a four-day workweek in 2022. Some workers are even prepared to quit their current job for a four-day working week, with that figure highest among 35-44-year-olds ... Read more ›
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TT Electronics, a Surrey-based provider of engineered electronics for performance-critical applications, has acquired the Power and Control business of Ferranti Technologies Ltd from Elbit System UK Ltd for £9m in cash. Based out of Greater Manchester, Ferranti P&C designs and manufactures complex power and control sub-assemblies for blue-chip customers, primarily for the defence and aerospace ... Read more ›
1
Investment in UK fintech companies continued its upward trajectory in 2021, attracting $11.6bn (£8.56bn) in capital and outpacing the rest of Europe. A year of “mega-rounds” by the likes of Monzo, Starling and Revolut helped total UK fintech investments surge by 217% year-on-year. Data compiled by Innovate Finance, a UK fintech industry body, showed there ... Read more ›
1
Helsinki-based social advertising platform provider Smartly.io has acquired London-based Google advertising firm Ad-lib.io. While the two companies did not disclose a value for the transaction, the Wall Street Journal reports that the deal is being made for over $100m (£74m). With the acquisition, Smartly aims to integrate Ad-lib’s suite of offerings into its own platform. ... Read more ›
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22.06.2026 02:42
Last update: 02:35 EDT.
News rating updated: 09:30.
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