Gousto, a London-based meal-kit subscription service, has secured $150m (£110m) funding at a valuation of $1.7bn (£1.25bn). The funding comes as a combination of $100m (£73.8m) equity financing from SoftBank’s Vision Fund II and $50m (£37m) debt financing from Barclays and HSBC. Previously, SoftBank’s Vision Fund II has invested in British technology companies such as ... Read more ›
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British challenger bank Starling has stopped all paid advertising on Facebook and Instagram because it says people are losing money to fraudsters posting scam ads on the platforms. “We want to protect our customers and our brand integrity,” said Starling Bank CEO and founder Anne Boden. “And we can no longer pay to advertise on ... Read more ›
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iProov, a London-based cybersecurity company that provides online facial biometric authentication used by governments and the private sector, has secured $70m (£51.6m) in funding from Sumeru Equity Partners. As a part of the growth investment, Kyle Ryland, managing partner of Sumeru, is joining the iProov board. iProov said it will use the funding to cement ... Read more ›
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Bristol-based green technology startup Matter has completed a pre-Series A investment round, securing $500,000 (£368,000) in funding to tackle the huge environmental problem of microplastic pollution in oceans. The funding came from Builders Vision’s Rising Tide Fund. It is now planning to launch Series A round to scale its solutions for capturing, harvesting and recycling ... Read more ›
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Monument, a UK challenger bank for the “mass affluent”, has appointed former chief of Barclays Business Banking Ian Rand as its new CEO as it looks to accelerate its UK launch after gaining its full banking licence. Monument co-founder and outgoing CEO Mintoo Bhandari will transition to the role of global head of corporate development. ... Read more ›
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The UK’s competition regulator has opened an investigation into NEC Software Solutions UK’s £62m acquisition of Capita Secure Solutions and Services. The Competition and Markets Authority (CMA) said it has served an “initial enforcement order” under the Enterprise Act 2002, legislation that gives the CMA powers to block mergers if it deems it to hinder ... Read more ›
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Despite all the talk around “levelling up” and tech innovations coming out of everywhere from Sheffield to Southampton, it’s unsurprising to see that it’s London, not the wider UK, taking the limelight. According to 2021 data from Dealroom and TechNation, London tech startups raised an astounding $10.8bn in the first six months of the year. ... Read more ›
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Concurrent Technologies, an Essex-based company that develops and manufactures high-performance computer products, said it expects to report profitability and revenue slightly above market expectations for 2021 despite the global chip shortage. The London-listed company saw its shares surge by 11% to 89p per share on Wednesday following the announcement. Dr Miles Adcock, CEO of Concurrent ... Read more ›
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London-based online property maintenance platform Plentific has announced the acquisition of York-based proptech TouchRight Software for an undisclosed sum. Plentific said it will integrate TouchRight Software’s property reporting tools – which lets agents, property managers, inventory clerks and contractors compile property inspection reports – into its own platform. TouchRight was founded in 2012 by Terry ... Read more ›
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The UK’s advertising regulator has banned two ads by cryptocurrency exchange Crypto.com, declaring them “misleading” and ordering any future ads to make clear that cryptocurrency investments could go down as well as up. Crypto.com was challenged by the Advertising Standards Authority (ASA) on an advert placed in the Daily Mail app in September 2021 that ... Read more ›
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CellPoint Digital, a London-based fintech company that provides payment solutions, has secured $25m (£18.4m) in funding from Toscafund and its private equity arm, Penta Capital. The latest equity round brings its total funding raised to $56m (£41.3m). The fintech company will use the funding to accelerate its global reach and enter new market verticals. Kristian ... Read more ›
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Virtual events showed their value during lockdown as businesses were forced to accelerate digitisation and adapt the way that events had conventionally been hosted and attended. Today, the words “virtual” and “hybrid” are staples in the events industry vocabulary, and a forecast for 2022 shows that 73% of event marketers say they expect hybrid events ... Read more ›
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London-based ecommerce waitlist and pre-order platform Purple Dot has raised $4m (£2.95m) in a funding round to expand its payment product, scale the business and hire new talent. The funding was led by Unusual Ventures. Previous investors Connect Ventures, Moxxie Ventures and the family office of Indeed co-founder Paul Forster also participated in the round. ... Read more ›
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Hospitality and retail technology startup Up.co has secured £7m in its latest funding round, with funding coming from Monzo co-founder Tom Blomfield, alcoholic drinks company Jägermeister, and previous Innocent Smoothie founders fund JamJar Investments. Up.co said it will use the funding to accelerate its expansion across the UK and Europe and hire new talent. It ... Read more ›
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John Edwards has officially begun his five-year term as information commissioner, a role that will see him take charge of the UK’s data regulator during a critical point for the country’s data protection regime. Edwards, who previously spent eight years as New Zealand privacy commissioner, said that “privacy is a right not a privilege” and ... Read more ›
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Bath-based broadband provider Truespeed has received a £100m capital injection from Aviva Investors to fund the rollout of its “gigabit-capable” full-fibre network to homes and businesses across the southwest of England. It brings the total investment made by Aviva Investors – the asset management division of insurance firm Aviva – to £175m following its £75m ... Read more ›
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In 2021 UK startups secured record levels of funding amid pandemic uncertainty. Flush with investor cash, many have attained unicorn status – privately held companies valued at $1bn or more. Other have gone on to become public companies, either via direct London listings or mergers with special purpose acquisition companies. From digital banks to portable ... Read more ›
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The future of work is changing, and the education system needs to keep up. The McKinsey Global Institute estimates that rapid advances in automation and AI technology will mean that about 14% of the global workforce, particularly those whose jobs involve routine physical activity, will need to reskill and change occupation by 2030 in order ... Read more ›
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Investing is no longer solely about profit. A growing number of investors are choosing companies to back that not only provide financial returns but also have a positive social and environmental impact. The UK is well-positioned in this area. It is home to 900 impact startups and scaleups using technologies such as AI, blockchain and ... Read more ›
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Meta, the parent company of Facebook, is appealing against a ruling by the UK’s competition watchdog that it must unwind its acquisition of GIF company Giphy. Last month the Competition and Markets Authority (CMA) ordered Meta to reverse its purchase of Giphy, which it bought for $400m in May 2020. Facebook, which recently rebranded to ... Read more ›
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22.06.2026 02:42
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