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UK Tech News
Staff Reporter @ UK Tech News · 09/08/2021 03:30 EDT

With UK expansion plans, AI computer vision startup Mobius Labs raises £4.5M funding

Berlin-based Mobius Labs is a next-generation AI-powered computer vision startup that disrupts how the world works with visual content. In a recent development, the startup secured €5.2 million (nearly £4.5 million) in a Series A funding round. UK expansion plans The investment round was led by European Venture Capital pioneer Ventech VC. Also, other investors ... Read more

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UK Tech News
Megha Paul @ UK Tech News · 09/08/2021 03:00 EDT

London-based edtech startup Cypher gets £422K boost to teach kids across the globe how to code

Leading coding school startup Cypher has closed their Seed funding round of £422K in investment, with the majority from 313 investors via crowdfunding platform Seedrs. The latest round that takes its total investment to £1.2 million puts the London-based edtech startup at a valuation of £5.9 million. Combining coding, computational thinking and creativity The woman-led ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 2 place · 09/08/2021 02:30 EDT

Aurelia, the ‘“IFTTT for financial admin” picks up £2.1M funding led by Blossom Capital

Most businesses struggle to keep a track of where their money is between their bank accounts, accounting software, and other tools. Based out of London, Aurelia aims to help businesses manage their finances.  Secured £2.1M In the latest development, Aurelia has raised $3 million (approx £2.1 million) in seed funding from Blossom Capital and angel ... Read more

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UK Tech News
Shubham Sharma @ UK Tech News 1 place · 09/08/2021 02:00 EDT

Cambridge-based PetMedix bags £27M funding to revolutionise pet healthcare

While we’ve managed to come up with ways to improve drug discovery and cure our own ailments, there’s been notably less headway for our pets. However, the Cambridge based startup PetMedix is working hard to develop new ways to invent drugs that can help relieve ailments for our pet companions. The company has now raised ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/07/2021 06:51 EDT

Manchester-based Fractory grabs £6.5M to transform supply chain of metalworking industry

UK-based online metal fabrication platform Fractory has revolutionised the global metal works industry by creating an all-in-one-hub for metal fabrication. The company just announced that it grabbed €7.5 million (nearly £6.5 million) in a Series A funding round to fuel its expansion plans. Global expansion plans ahead The investment round was led by OTB Ventures, ... Read more

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UK Tech News
Megha Paul @ UK Tech News · 09/07/2021 06:50 EDT

Elvie: Silent breast-pump pioneer from UK ramps up Series C funding to £70M to empower women

According to Frost and Sullivan, the femtech industry is expected to become a $50 billion market by 2025. Adding sheen to the already competitive market is the disruptive player Elvie, which is developing iconic products for women, The femtech startup, which is known for pioneering silent breast pumps, has announced an extension of its Series ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/07/2021 05:37 EDT

Sheffield-based software firm Airship raises half a million to help hospitality businesses boost sales

E-word of mouth is a crucial factor for hospitality businesses. Achieving customer loyalty is a primary goal of hospitality businesses, and developing data-driven software is one mechanism for doing so. Based out of Sheffield, Airship is a data-driven hospitality loyalty engine that helps hospitality businesses to boost sales. Secured £500K Recently, the company has secured ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 09/07/2021 04:00 EDT

Plend, a London-based startup that’s working to make financial inclusion accessible and affordable bags £700K

Financial services play a key role in our lives, but there are numerous barriers to access them. Every year in the UK, people find themselves financially excluded, meaning they can’t access anything more than basic bank accounts at best. The consequences of financial exclusion are widespread and can severely affect people’s health, housing, education, and ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/07/2021 03:00 EDT

UK mental health startups to cope with burnout blues

Since the pandemic, there has been a huge uptick in people being worried about their mental wellbeing. Research by cloud accounting software provider based in the UK, FreeAgent revealed the mental health impact of the COVID-19 pandemic on small business owners and the steps that they have been taking to combat it. According to the ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/07/2021 02:30 EDT

London HRtech Veremark picks £2M funding to eradicate CV fraud globally

London-based global pre-employment screening service, Veremark, helps companies verify employee credentials. In a recent development, the company just announced that it picked up $2.8 million (nearly £2 million) in an oversubscribed seed funding, which brings its total investment raised to date to $3.8 million. Oversubscribed seed funding round This came in as a follow-on investment ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/07/2021 02:00 EDT

EV charging payment made easy: BP Ventures pumps €10M in German in-car fintech ryd

London-based bp ventures is best known for investing in private, high-growth, game-changing technology companies. Today, the venture capital fund of bp ventures announced that it has invested €10 million (nearly £8.6 million) in German in-car digital payments provider ryd. Supports ryd’s expansion across Europe bp’s investment will help ryd strengthen its market-leading position, grow into ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/06/2021 06:30 EDT

UK-based female-founded travel tech startup Tickitto grabs £3.25M funding

B2B marketplace for ticketed events and experiences in the UK, Tickitto was created to solve the complex issues in the supply of ticketing. Now, the company announced that it has closed $4.5 million (nearly £3.25 million) in an oversubscribed seed funding round. Investors galore The investment round was led by Berlin-based Vorwerk Ventures alongside participation ... Read more

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UK Tech News
Megha Paul @ UK Tech News · 09/06/2021 06:11 EDT

London-based startup that allows you to share unwanted food with neighbours, OLIO, snaps $43M

The London-based startup for sharing of food and other items, OLIO, has closed a $43 million Series B funding round, to fund its fight against the $1.3 trillion of food waste created globally each year. This latest fundraise saw existing investors Swedish investment firm VNV Global and New York-based hedge fund Lugard Road Capital become ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/06/2021 03:01 EDT

Oxford Cancer Analytics grabs £1.27M to revolutonise lung cancer management

In the UK, it is reported that nearly 130 people are diagnosed with lung cancer every day. An early diagnosis will give a 57 per cent chance of survival for more than five years as compared to diagnosing at a later stage, wherein the survival rate is a meagre 3 per cent. This is where ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 09/03/2021 07:31 EDT

Verisk business Sequel acquires Manchester insurtech Ignite

Ignite Software Systems is a Manchester-based provider of insurance policy administration systems to brokers, MGAs, and insurers. It has signed an acquisition agreement with Sequel, a Verisk business. The Sequel acquisition and investment will accelerate the expansion of Ignite’s technology platform and form part of Sequel’s digital ecosystem. Ignite’s Integrated Software as a Service platform ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 2 place · 09/03/2021 06:34 EDT

Paris-based NAVYA launches first autonomous shuttle service on UK roads

NAVYA, a French autonomous driving system, has launched its first autonomous shuttle service on UK roads at the Harwell Science and Innovation Campus, a leading innovation center.  The self-driving vehicles will transport employees and visitors 24/7 around these UK science and technology hubs.  Located in Oxfordshire, England, the 700-acre Harwell Science, and Innovation Campus hosts ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 09/03/2021 06:10 EDT

CoachHub, a digital coaching platform for employees secures £57.8M funding

CoachHub, a digital coaching platform that uses AI to match people to business coaches, has secured $80 million (approx £57.8 million) in Series B2 funding, increasing total Series B capital to $110 million (approx £79.5 million).  Investors Various investors like Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest, participated in the ... Read more

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UK Tech News
Staff Reporter @ UK Tech News · 09/03/2021 03:00 EDT

London-based Cazoo acquires data insight firm Cazana for £25M

Based out of London, Cazoo is a developer of an online used car marketplace designed to transform the way people buy, finance, or rent used cars.  Recently, the online car retailer announced the acquisition of vehicle data insight firm Cazana for £25 million in cash. The transaction is expected to have an immaterial impact on ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 2 place · 09/02/2021 05:47 EDT

London-based ‘escrow infrastructure as a service’ startup trustshare secures £2.3M

trustshare, a London-based startup that is building escrow infrastructure to combat fraud and mistrust, raised £2.3 million in funding led by Nauta Capital. The company plans to use their funding to accelerate core product features, hire talent across key business functions and open their first US office.  Further, the trustshare also plans to roll out ... Read more

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 09/02/2021 04:34 EDT

Heroes, London e-commerce startup secures £145M funding to fuel growth

London-based Heroes is an e-commerce startup focused on acquiring and scaling small-sized category-leading consumer brands. Now, the startup closed $200 million (nearly £145 million) investment for its growth. The investment round was led by US-based investor Crayhill Capital Management. The funds will be used for the next phase of Heroes’ rapid growth and enable it ... Read more

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