US fintech Republic has acquired London-based online private investment platform Seedrs for $100m (£75m) months after the UK’s competition regulator blocked Seedr from merging with rival Crowdcube. The Competition and Markets Authority said in March that Seedr and Crowdcube would have a 90% combined share of the UK’s equity crowdfunding platform market. Seedrs has now ... Read more ›
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London-based mobility startup Imperium Drive has begun trials of Fetch, an on-demand “driverless” car-hailing service, in Milton Keynes, England. Passengers book a vehicle via the Fetch app, which is driven by a remote operator to their location. Passengers then unlock the car using the app and drive the car normally to their destination. Upon trip ... Read more ›
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London-based Breathe Battery Technologies, a startup that develops “intelligent” battery management algorithms for electric vehicles and smartphones, has raised £1.5m in a funding round led by Speedinvest. The company, which launched as a spin-out from Imperial College London in 2019, is creating software to maximise battery life. Breathe Battery Technologies CEO Ian Campbell told UKTN ... Read more ›
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London, UK-based startup Mindstone has raised £1.45m via a crowdfunding campaign for its edtech platform that offers bespoke courses on topics ranging from the basics of bitcoin to women’s health. The funding, shared exclusively with UKTN, comes less than two years after Mindstone’s launch. It brings its total funds raised to more than £3m, following ... Read more ›
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London-based Metaview has secured $6m (£4.5m) to develop its product offering, triple headcount in 2022 and accelerate market expansion in Europe and the US. Founded by Siadhal Magos and Shahriar Tajbakhsh in 2018, Metaview’s platform records and transcribes interviews and provides data insights, along with automated training tools. The goal is to improve the hiring ... Read more ›
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London-based Climate X has launched a platform showing assets that are at risk to extreme weather events stemming from the climate crisis. The startup claims the technology, called Climate X Spectra, can assess the risk related to a location for decades into the future. Climate X said Spectra does not over-rely on artificial intelligence or ... Read more ›
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UK-based Cambridge Quantum Computing has completed its merger with US-based Honeywell Quantum Solutions to create a quantum computing powerhouse named Quantinuum. The newly-formed quantum computing company combines Cambridge Quantum’s quantum computing software with Honeywell’s quantum computer hardware. The deal, which was first announced in June this year, aims to provide “platform agnostic” quantum computing solutions. ... Read more ›
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Coadjute, a London-based proptech company that digitally connects the UK property market, has raised £6m in a pre-Series A funding round, bringing its total funding to date to £10m. The round was led by Manchester-based Praetura Ventures. Three US institutions, including Collab+Currency, The LegalTech Fund, and Rocket One Capital, also backed the proptech startup. As ... Read more ›
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Small and medium-sized enterprises (SMEs) have faced nearly two years of pandemic-related uncertainty. But research suggests UK SMEs are optimistic about the business opportunities in 2022 and beyond. Half of UK SMEs are confident that demand and revenues will increase in the next six to 12 months, according to a survey of 2,000 SME owners ... Read more ›
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Corporate investment group Prytek has secured a $107m (£80.5m) in committed investment from affiliates of alternative investment management firm Davidson Kempner Capital Management LP. As part of the deal, a representative from Davidson Kempner Capital Management will join Prytek’s board of directors and investment committee. The investment will be used to expand the financial services ... Read more ›
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“Almost all tech brands struggle to target female audiences.” This is the damning conclusion of Jane Cunningham, marketing expert and co-author of Brandsplaining. Cunningham, along with her business partner Philippa Roberts, wrote Brandsplaining to explain why marketing is still sexist –and how to fix it. It’s an important read for any company that wants to ... Read more ›
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London-based money management fintech Plum has raised $24m (£18m) in a Series A round, bringing its total funding to date to $43m (£32.4m) and helping triple its valuation since July 2020. The Series A funding will enable Plum to accelerate its expansion across Europe in countries including the Netherlands, Portugal, Belgium Italy, Finland, Austria, ... Read more ›
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California-based edtech Chegg has entered an agreement to acquire London-headquartered language learning platform Busuu for €385m (£328m). The all-cash transaction acquisition has been approved by the boards of both Busuu and Chegg and will close in the first quarter of 2022. The deal will bolster Chegg’s language offering, which pairs learners with native speakers to ... Read more ›
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London-based developer platform Raycast has raised $15m (£11.2m) in a Series A funding round led by Coatue and Accel. Raycast said it will use the proceeds of the funding round to “double down” on growing its developer community and tools and make the platform available to teams of developers. Founded in 2020 by former Facebook ... Read more ›
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London-based open-source software startup Cerbos has raised $3.5m (£2.63m) in a seed funding round less than one year after launch. The funding round was led by Crane with support from Earlybird Digital East, Seedcamp, 8-Bit Capital, Connect Ventures, OSS Capital, Acequia Capital, HelloWorld, and Tiny. Multiple angel investors also invested in the company including Guillaume ... Read more ›
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London-based cloud-native business-to-business banking provider Thought Machine has entered the unicorn club – startups valued at $1bn or more – following a $200m Series C funding round. It was led by New York VC firm Nyca Partners and the investment arms of some of its bank clients, including JPMorgan Chase, ING and Standard Chartered. Other ... Read more ›
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Dublin-based cloud-investment platform Aikido Finance has raised €5m (£4.2m) in a Series A funding round to scale its business and enter new markets. Aikido Finance was founded in 2020 by four computer scientists and quantitative investors. It was launched to a small group of beta-users and is now available to the public with the goal ... Read more ›
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There is a multi-billion-dollar opportunity awaiting life science companies that expand to Catalonia. It’s a gateway to a $276bn Spanish-speaking health market and the benefits provided by the region’s thriving life sciences ecosystem is attracting a growing number of companies from the UK and beyond. Catalonia, which is home to almost 50% of the entire ... Read more ›
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The UK is hosting competition leaders from G7 countries to discuss how to rein in Big Tech companies and encourage competition in digital markets. The G7 Digital Competition Enforcers Summit brings the competition heads from Canada, France, Germany, Italy, Japan, UK the US together to discuss how to bolster enforcement actions, including legislative reforms. The ... Read more ›
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The UK’s Competition and Markets Authority (CMA) is expected to block Facebook’s $400m acquisition of GIF company Giphy, according to the Financial Times. The move would mark the first time the competition regulator has reversed a Big Tech deal that has already gone through. Facebook, which recently rebranded to Meta, bought Giphy in May 2020 ... Read more ›
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22.06.2026 12:51
Last update: 12:45 EDT.
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