London-based used car online marketplace Motorway has raised $190m (£142.2m) in a Series C funding round, giving it a valuation of over $1bn. The company, which lets people sell their cars using their smartphone, said it will use the funding to increase tech hires and grow the team from 250 to over 350 staff over ... Read more ›
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Companies that misuse personal data are hit with eye-watering fines and their reputation is tarnished – sometimes irreparably. Despite this, four in 10 UK-based employees working with data do not believe data ethics is relevant to their role, research has shown. Data ethics, as defined by Harvard Business School, deals with the moral obligations of ... Read more ›
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UK impact tech startups – those building solutions to address one of the United Nations’ Sustainable Development Goals – have raised £2bn in 2021, according to figures published by Dealroom for the UK’s Digital Economy Council. The analysis shows there’s been a 127% increase in UK impact tech investment since 2018, while the figure is ... Read more ›
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London-based online VC investor platform Vauban has closed a £4.7m funding round to build out its regulatory infrastructure, double headcount and launch a new office. The cloud-based platform can be used by venture capital fund managers and angel investors to set up, deploy and manage funds and special purpose vehicles. This includes managing legal documents, ... Read more ›
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The number of new businesses created in the North West of England grew by 19% last year – outpacing the 15% average across the UK overall – according to figures gathered by private equity firm ECI Partners. North West-based entrepreneurs launched a total of 43,255 new businesses in 2020/21, up 19% on the 36,290 created ... Read more ›
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London-based Natter has raised $1m in pre-seed funding to develop a virtual communication tool that aims to bring watercooler conversations to the remote and hybrid workplace. Natter’s software uses data analytics and “intelligent-matching algorithms” to match employees for short video conversations. The tool is designed to allow “meaningful” conversations between employees, whether they’re remote or ... Read more ›
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The financial performance of UK venture capital (VC) funds “increased sharply” over the past 12 months and has helped them perform well compared to their US counterparts. That’s according to research by the British Business Bank, the economic development bank of the UK government. The uplift in performance was driven by higher company valuations and ... Read more ›
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There are two common misconceptions around debt. First, that interest-based debt is something that necessarily exists for everyone. Second, that any debt problem is just a financial one. Both of these are dangerous assumptions. Being in debt is normalised by governments’ trillion-dollar debt burdens and the rise of ‘have it now’ products and services. Mortgages, ... Read more ›
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Research has shown that 66% of UK investors are looking beyond large cities such as London and Manchester to find companies to invest in. The poll, conducted by Norstat for angel investment growth marketplace Connectd, showed how investors no longer feel restricted by location when choosing companies to back. Startups tend to cluster in large ... Read more ›
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The London Borough of Croydon will introduce a network of smart bus shelters from March next year to provide features such as free public Wi-Fi, traffic sensors and air quality monitoring. US smart city operator VALO Smart City will install, operate and maintain the smart bus shelters, which will be located in 185 locations across ... Read more ›
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Edinburgh, UK-based remote health monitoring platform Current Health has confirmed that it was valued at approximately $400m (£300m) when it was recently acquired by US retail giant Best Buy. Best Buy announced its all-cash acquisition of Current Health last month but did not disclose financial terms at the time. This week it confirmed the valuation ... Read more ›
0
Israeli collaboration software company Monday.com has opened a new office in London and selected it as its European headquarters. The cloud-based, software-as-a-service (SaaS) company will also double its headcount in the capital. The move comes as the company tripled its revenue in the UK compared to 2020 and surpassed over 13,000 UK customers. “The expansion ... Read more ›
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London-based augmented reality (AR) startup Dent Reality has raised £2.5m as the company looks to capitalise on the nascent but much-hyped metaverse. Dent Reality is targeting the retail sector with its AR application, which uses a smartphone’s camera to overlay information on a real-world environment. Founded in 2019, the company says it’s “building the digital ... Read more ›
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London-based proptech startup SearchLand has picked up its first investment in a £200,000 seed funding round. The company also announced plans to raise a Series A in 2023. Founded in 2020 by Hugh Gibbs, Arthur Goodhart, and Archie Kennedy-Dyson, SearchLand is an off-market site sourcing tool. It lets property developers, investors and architects find potential ... Read more ›
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London-based event supplier marketplace Feast It has raised €5m (£3.35m) in a venture funding round, signalling how investors are backing the return to in-person events. The oversubscribed round was led by Fuel Ventures and supported by Best Nights VC. Launched in 2017 and dubbed the “Airbnb of events”, Feast It’s platform connects events organisers with ... Read more ›
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Tide, a London-based mobile-first bank for small and medium-sized enterprises (SMEs), is using open banking to allow businesses to connect existing accounts with its financial services platform. It means customers at Starling Bank, Natwest, and Barclays can try Tide without switching banks and gain access to Tide’s financial tools such as accounting systems. Founded in ... Read more ›
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London-based Synchtank has raised £4.3m to expand its assets and royalty management software in a funding round led by Octopus Ventures. The B2B software-as-a-service (SaaS) company sells its cloud-based solution to publishers, music broadcasters and movie studios to manage rights, assets and royalty administration. Synchtank said it will use the injection of capital to strengthen ... Read more ›
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Australia-based B2B background music supplier Audalize has announced plans to expand into the UK market in 2022. Founded in 2019, the Perth-headquartered company provides a platform used by businesses that includes music, video, and action sports in its library. The company claims to be a Spotify or YouTube for businesses and believes there is an ... Read more ›
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Fintech Atom Bank has switched to a four-day working week for all of its 430 employees without cutting salaries. The Durham, UK, headquartered company said it wanted to give staff greater flexibility to reflect changing working practices that took place during the Covid-19 pandemic. The digital lender has no physical branches and is accessible via ... Read more ›
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London-based VC firm Edge Investments has raised £85m to invest in startups in the creative economy, which includes companies in areas such as virtual reality (VR), adtech and content creation. The investment round was led by the British Business Bank, contributing £50m via its Enterprise Capital Funds programme. The UK government-owned business development bank aims ... Read more ›
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22.06.2026 12:51
Last update: 12:45 EDT.
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