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UK Tech News
Megha Paul @ UK Tech News · 10/19/2021 07:07 EDT

UK fintech founded by ex-PayPal workers hits $425M valuation with $50M funding

The 20-month-old London payments technology startup Primer has closed a Series B funding round that values the payments infrastructure startup at $425 million. The $50M Series B fundraise was led by ICONIQ Growth, the San Francisco-based investment firm that has backed global tech companies such as Adyen and Marqeta to Snowflake and Datadog. Existing investors, ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 10/19/2021 06:38 EDT

London-based insurtech BondAval picks $7M seed round led by Octopus Ventures

BondAval, the insurtech startup offering a new form of payment security, has recently announced that it has secured a $7 million seed round led by UK-based venture fund Octopus Ventures. The company, which has offices in London and Austin, also received co-investment from US-based fund Expa, along with support from existing investors Insurtech Gateway and ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 10/19/2021 06:29 EDT

Delivery Hero leads $1B investment in on-demand delivery startup Gorillas

In a recent development, Gorillas, a Berlin-based on-demand grocery delivery startup, has successfully raised close to $1 billion in a Series C funding round. It is the largest funding of a non-listed business Europe’s grocery delivery sector has seen to date. The round was led by German delivery champion Delivery Hero, and included further investments ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News 1 place · 10/19/2021 05:07 EDT

Eye scan for diabetes! Berkshire startup is developing revolutionary medical technology with £2.85M funding

The repetitive finger stick blood testing with all the pain, discomfort and inconvenience that brings for people suffering from diabetes might become a thing of the past very soon. A ground-breaking device that will allow the 4.7 million people in the UK with diabetes to monitor their blood-sugar levels through a simple scan of the ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 10/18/2021 07:37 EDT

Brighton-based pet-sitting network lands $10M to fund US expansion

Brighton-based pet-loving community on a mission to create a world where pets enjoy their owners’ vacations just as much as they do, TrustedHousesitters has announced it has secured $10 million in Series A funding. The world’s largest pet-sitting network will utilise the funding to continue expanding into the US market. Despite travel restrictions over the ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 10/18/2021 06:32 EDT

Chip scoops up £11.5M from 12K investors to close biggest equity crowdfund of 2021

On a mission to build the best savings account in the world, London-based digital savings account Chip has raised a total of £11.5 million from 12,954 investors, making it the biggest equity crowdfund of the year as well as the biggest equity crowdfund held on Crowdcube of all time. As part of the record-breaking round, ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 10/18/2021 06:21 EDT

Vegan meal delivery startup from London allplants secures a £38M Series B round

London-based vegan meal delivery startup allplants has recently secured a £38 million Series B funding round led by Draper Esprit, backers of Revolut, Cazoo and Trustpilot. The round is the biggest ever Series B raise by a D2C plant-based food company in Europe and follows record-breaking crowdfund and Series A rounds. Other new investors in the round ... Read more ›

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UK Tech News
Marija Riba @ UK Tech News · 10/18/2021 04:00 EDT

Outlook to the Future: What do the Next Few Years Hold for Crypto?

There are those who think crypto is a fad and those who think crypto is the future, but as usually the case with such polarising opinions, the truth is most likely to be somewhere in the middle.  So what do the next few years hold? The media has developed a fascination with crypto. Over the past months, the ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 10/18/2021 04:00 EDT

UK’s first AI-powered borrower wellbeing app launches after raising £1.6M funding

UK-based ilumoni is the UK’s first AI-powered borrower wellbeing app that uses uses open banking, credit and market data to build a fast, accurate and realistic picture of the user’s debt. Now, the company announced that it has received £1.63 million funding and gained FCA authorisation earlier this year. While it has successfully completed its ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News 1 place · 10/15/2021 06:37 EDT

London-based fintech startup Plum ramps up $14M to supercharge expansion in Europe

With a mission to banish financial instability, London-based fintech startup Plum has announced a first close of new funding that will supercharge the company’s expansion and bolster its growth as Europe’s ultimate money management app. The first close of $14 million is part of an anticipated $24 million Series A. The round is led by ... Read more ›

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UK Tech News
UKTN @ UK Tech News 2 place · 10/15/2021 05:49 EDT

Unlocking human potential through hyper-automation

The world of Artificial Intelligence and Process Automation is forever changing, and it can be a challenge for leaders to keep up to date with all the key trends. With this in mind, we wanted to share three trending topics which also represent great advancements to come within the next 3-5 years.   The Digital Workforce Roadmap  Tools such as machine ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News 3 place · 10/15/2021 05:46 EDT

From Birmingham garage to £700M in stock market debut, 29-year-old Gymshark founder in talks for IPO

British sportswear brand Gymshark that had its humble beginning in a modest Birmingham garage nine years ago is in talks with banks and investors over a potential IPO. The company is reportedly about to cash in more than £700 million. And interestingly, the startup’s founder has not even turned 30. It comes right a year ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 10/15/2021 04:00 EDT

London-based global API-first payment technology platform GPS secures $300M funding

London-headquartered Global Processing Services (GPS) is a global API-first payment technology platform. In a recent development day, the company announced that it has raised $300 million (nearly £220 million) in funding. Global expansion on cards The investment round was led by Advent International and Viking Global Investors that will co-control the company. The investment by ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 10/15/2021 03:00 EDT

Birmingham-based Aceleron just raised £2.5M to develop sustainable battery technology

Based out of Birmingham, Aceleron is a pioneer in sustainable battery technology. Now, the company has secured £2.5 million as it continues to expand its global sales. The funding came from existing investors BGF, the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment ... Read more ›

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UK Tech News
Akansha Srivastava @ UK Tech News · 10/14/2021 08:31 EDT

Fika: London-based mental fitness platform co-founded by cancer survivor raises £1.2M funding

London-based Fika, a platform that seeks to promote ‘mental fitness’ has raised £1.2 million in funding to develop its model as a proactive mental wellness tool for businesses and their employees. The funding was led by Rising Stars, with a syndicate of ten UK and US-based angel investors, including Biogen board member Brian Posner and NCFE ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 10/14/2021 07:52 EDT

Swedish fintech Juni bags £38M funding with UK rollout plans

A Swedish financial companion for e-commerce entrepreneurs, Juni has announced that it has bagged $52 million (nearly £38 million) in a funding round. The investment round was led by EQT Ventures along with participation from FJ Labs and other existing investors adds to the $21 million funding it raised in the Series A round in ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 10/14/2021 04:50 EDT

This London-based female-led startup aims to close financial literacy gap with its app

In an analysis of financial media articles by Starling, a whopping 73 percent of articles targeting men spoke about investing while 90 percent of the articles targeting women focused on spending less. This indicates that there is a gender-based money gap in which women earn and own less than men. Closes financial literacy gap A ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 10/14/2021 04:22 EDT

Manchester-based Shopblocks picks up £1M funding to accelerate its growth

Manchester-based Shopblocks is a growth e-commerce platform that offers all automations, integrations, and conversations you need. The company just announced that it completed its biggest funding round of £1 million in an equity investment round that will help accelerate the growth of its e-commerce website platform. Growth plans The investment round was led by the ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 10/14/2021 00:01 EDT

This UK startup is developing driverless electric pods to reduce congestion and carbon emissions

68% of the world’s population is expected to live in urban areas by 2050, putting massive strain on roads and existing public transport networks. In the UK alone, road congestion cost the economy almost £7 billion in 2019, with 65% of its workforce currently commuting by car. This compounds air quality crises in cities worldwide ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 10/13/2021 10:12 EDT

Playfair Capital, Tech Nation and Google for Startups launch Europe’s largest-ever fundraising for female founders

More often than not, problems of access for women founders and the resulting imbalance in funding have been witnessed across the globe. Trying to address this challenge has been a herculean task. However, attempting to change this and give women in technology a new helping hand is a new event. On 24 November 2021, Playfair ... Read more ›

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