London-headquartered fashion rental marketplace HURR has raised $5.4m (£4.08m) in seed funding. The round was led by Octopus Ventures alongside participation from D4 Ventures and Ascension. HURR, which is delivering $2.5m in annualised revenues, said it will use the fresh funds to expand its operations and develop its proprietary technology. The startup is aiming to disrupt ... Read more ›
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The UK’s digital skills gap is well-documented and remains an extremely pertinent challenge for businesses across the country. It’s an issue affecting not only technology companies but organisations of all sizes and sectors. Their requirements for staff with appropriate, up-to-date digital skills are, in many instances, not being met within the current talent pool. A ... Read more ›
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Atom Learning, an online learning platform for primary school children, has raised $25m funding in a Series A round led by SoftBank’s Vision Fund 2. It is Atom Learning’s first outside funding round and also the largest Series A funding round ever by a UK-based edtech startup. Atom Learning will use the investment to accelerate ... Read more ›
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London-based PetsApp, a platform for veterinary clinics to manage their practices and hold virtual appointments, has secured €3.9m (£3.3m) in a funding round. The investment round was led by Point Nine Capital along with participation from Adjacent, GFC, Market One Capital and a slew of angel investors. PetsApp will use the funds to build its ... Read more ›
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Content+Cloud, a UK-based Microsoft cloud services and digital transformation provider, has been acquired by Nordic technology services provider Advania. The acquisition, which is Advania’s first expansion outside the Nordics into the UK, takes the combined group’s turnover to £800m and its workforce to over 3,500 employees. The transaction is expected to close this month. Advania currently operates ... Read more ›
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Enterprise software delivery platform for CloudBees has raised $150m (£131m) in a Series F financing round at a $1bn pre-money valuation. It means the company has achieved unicorn status – a privately held startup valued at $1bn or more. The round was led by client vehicles advised by Goldman Sachs Asset Management Private Credit. New ... Read more ›
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Taavet Hinriku, the co-founder of fintech Wise, has stepped down from his role as chairman and director. The former chief financial officer of Netflix, David Wells, will replace Hinriku with immediate effect. He has also served as a board member since 2019. “Wise has benefited greatly from Taavet’s leadership and I’m excited to see what ... Read more ›
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Open banking technology is finding quick adoption and as per a new report published by Credit Kudos, it’s expected to grow further. The report by the open banking credit reference agency notes that around one in four lenders, which is around 26 percent, are now using open banking technology. Additionally, 51 percent of lenders who ... Read more ›
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One in four lenders currently use open banking technology but a report published by Credit Kudos suggests adoption will significantly increase over the next two years. The open banking credit reference agency’s report finds that 51% of lenders who haven’t used open banking yet are planning on implementing it in the future. Open banking is ... Read more ›
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Easol, a London-based experience commerce platform, has raised $25m (£19m) funding in a Series A round led by Tiger Global. Other investors included Notion Capital, Foundation Capital, Y Combinator, and FMZ Ventures. The funding announcement comes ten months after securing $4.5m (£3.4m) in seed funding in March. To date, the company has secured $29.5m (£22.3m) ... Read more ›
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British digital bank Monzo has raised $500m in a funding round that gives it a valuation of $4.5bn – a 200% increase on its valuation at the start of the year. The Abu Dhabi Growth Fund led the funding round, while Alpha Wave Ventures and Coatue backed the fintech for the first time. Existing investors ... Read more ›
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Just over half of UK workers that currently have the option to work remotely and in the office would consider quitting if the hybrid option was removed, research has found The survey, commissioned by Microsoft UK and YouGov, provides insight on how employee dealbreakers have changed since the Covid-19 pandemic. Recent data from Office for ... Read more ›
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Antler, a global startup generator and early-stage venture capital firm, has closed a new UK fund at £21.4m to help develop 70 UK tech startups. The VC firm intends to invest in talented individuals and pre-seed stage companies through its London cohort model, which will launch in February 2022. Founded in 2017 Singapore, Antler has ... Read more ›
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If you’re on the job hunt this side of Christmas, we want to do what we can to help. We know how busy this time of year can be, and trying to land a new job on top of everything could be overwhelming. So, we’ve put together a little list of some of the best ... Read more ›
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UK professionals are significantly less concerned about artificial intelligence (AI) taking their jobs compared to the rest of the world, research has shown. The survey, conducted by IFS, showed that 25% of UK workers fear that AI will replace them in the workforce over the next five years. That’s compared to a 40% average across ... Read more ›
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London-based curated professional development platform Learnerbly has secured $10m in a Series A led by venture capital firm Beringea. The edtech, whose platform is used by companies including Hellofresh, WeTransfer and GoCardless, said it will use the funds for product development, scaling its distributed workforce of more than 60 employees and to drive US expansion. ... Read more ›
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Grid Edge, a Birmingham-based cleantech startup, has raised £2m in funding from BP Ventures, Goldacre (part of the Noé Group), and Aston University. Formed as a spin-out company from Aston University, Grid Edge has developed cloud-based artificial intelligence (AI) software that integrates with building controls to optimise energy use. The software, called Edge2X, creates digital ... Read more ›
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The UK government has said it will phase out 2G and 3G mobile networks by 2033 as it aims to accelerate the rollout of 5G. It has agreed the 2G and 3G phase-out with UK mobile network operators Vodafone, EE, Virgin Media O2 and Three. The government said the move would free up existing spectrum ... Read more ›
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Agtech startp Gardin has raised $10.8m (£8.15m) in seed funding for its optical sensors that remotely monitor crops and provide data to farmers. The Oxford, UK-based startup said it will use the funds to bring its technology to greenhouses and vertical farms in Europe and North America. Gardin’s funding round was led by Molten Ventures, ... Read more ›
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The Financial Conduct Authority (FCA) is looking to overhaul the UK’s appointed representative regime because a lack of due diligence is causing “harm” to the market. An appointed representative is a person or firm that carries out FCA-regulated activities. The regulator has launched a consultation into appointed representatives following the collapse of supply chain finance ... Read more ›
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22.06.2026 06:53
Last update: 06:45 EDT.
News rating updated: 13:40.
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