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UK Tech News
Staff Reporter @ UK Tech News · 08/18/2021 06:38 EDT

Fliteboard: this electric hydrofoil surfboard helps British father-son duo create world record

The future of surf culture is here, and it’s electric! Check out eFoil, an emission-free and environmentally friendly watercraft that gives the sensation of flying over water. No wind or water is needed! Recently, a British man and his son have become the first people to cross the English Channel on eFoil boards that travel ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News 1 place · 08/18/2021 06:00 EDT

How this British tourism startup is boosting travel post COVID after securing £1.17M funding

The travel and tourism industry were hit hard during the pandemic. However, things are looking up for the sector with people taking an interest in travelling and outdoor activities post COVID. There’s also a notable uptick in people going camping and catering to their needs is the British start-up, HolidayFox. The startup has now secured ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 2 place · 08/18/2021 04:00 EDT

London VC leads $15M investment in African fintech Pngme

The financial institutions and fintech companies are offering customised user experiences and financial products tailored to their customers’ needs. At this point in time, US-based fintech Pngme, a financial data infrastructure and machine learning-as-a-service platform has raised funding. It allows financial institutions and fintechs to collect and aggregate financial data at scale. Investment from London ... Read more ›

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UK Tech News
Akansha Srivastava @ UK Tech News · 08/18/2021 03:30 EDT

UK-founded adtech InfoSum raises $65M to let companies match customer data in a privacy-compliant way

InfoSum, a New York-based data collaboration platform, announced a $65 million Series B funding financed by UK-based VC Chrysalis Investments. The round brings the total amount raised to $90 million since the company’s inception in 2016. Since the closing of InfoSum’s Series A in September 2020, the company has tripled its revenue, doubled its employee ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 08/18/2021 03:00 EDT

Building fortunes beyond stardom! These rich and powerful celebs are investing in the UK startups

Move beyond angel investors, businessmen, high net worth individuals (HNIs) and venture capitalists, who have been funding emerging startups since forever. Joining the bandwagon are the rich and famous celebrities who are no longer just endorsing brands and collecting fat pay cheques for it. They have jumped right into the nuts and bolts of business ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 08/18/2021 02:00 EDT

Low carbon auto tech charged up with £91M-funding to accelerate green recovery in the UK

As the UK moves towards the probability of a sustainable future, electric vehicles are taking the centre stage to cut down pollution and the dependency on fuel as a natural resource. The UK government has already announced the end of the sale of new petrol and diesel cars in the country by 2030, putting the ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 08/17/2021 08:14 EDT

This Scottish-government project is making world’s first robot coach to play squash

Hiring a coach can be an expensive affair, especially if you are looking to ace the sport. This is where robots can change the game, like literally. Pushing the boundaries open and making sports accessible to all, robotics can complement and support the activities of a human coach and bridge the gap between in-person coaching ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 08/17/2021 07:22 EDT

Amazon introduces own-brand groceries on its UK website

Disruption is happening everywhere! Retailers need to keep up with customer demands and expectations to keep their business running. Consequently, this has led to innovative solutions that no one thought possible just a few years ago.  New technologies, increased consumer choice, and fiercer competition has fuelled a sharp rise in the density of urban supermarkets. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 08/17/2021 07:20 EDT

Austria’s first unicorn now valued at $4.1B after $263M raise, UK expansion plans on cards

Austria’s digital investment platform, the country’s first unicorn, Bitpanda has bagged $263 million (nearly £190 million) in Series C funding, which values it at $4.1 billion (nearly £3 billion). This round has come just months after the company attained unicorn status. It was led by Valar Ventures along with the participation of Alan Howard and ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 08/17/2021 06:48 EDT

London fintech Paysafe to acquire SafetyPay in a $440M deal

A leading specialised payments platform from London, Paysafe, has announced that it will acquire a US-based e-commerce payments platform, SafetyPay for $441 million (nearly £320 million) in an all-cash transaction. Paysafe enables businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallets, eCash and online banking solutions. For now, ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 08/17/2021 03:00 EDT

Interested in investing? 6 stock trading apps for UK users in 2021

Are you interested in investing in stocks? Are you also looking for the best stock trading apps in the UK? Here is a list of mobile apps that charge you zero to a meagre amount to trade stocks. Take a look at the available apps and the pros and cons of each stock trading app. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 08/16/2021 09:23 EDT

Oxford-based Ultromics secures £23.7M to help doctors diagnose cardiovascular disease through AI

Cardiovascular disease is the leading cause of mortality globally, with an estimated 17 million deaths each year. Thanks to development in medical technology and clinical research, imaging tests and diagnostic measurements are constantly evolving, particularly in cardiology.  Secured £23.7M Meet Ultromics, an Oxford-based startup that aims to help clinicians to make fast, accurate decisions when ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 08/16/2021 09:07 EDT

Psychedelic mushrooms to treat rare headache: Oxford startup lands $80M

Beckley Psytech, a private company dedicated to addressing neurological and psychiatric disorders through the novel application of psychedelic medicines, today announced it has successfully completed an oversubscribed Series B financing, raising $80m (£58m) from venture capital (VC) investors to fund its promising research programmes. The Series B financing was initially set at $50m and was ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 08/16/2021 07:28 EDT

Starlink competitor from UK: OneWeb picks $300M as race for broader internet heats up

In the latest development, South Korean conglomerate Hanwha Systems Co. has decided to invest $300 million (approx​ £216 million) in OneWeb, a London-based Low Earth Orbit (LEO) satellite communications company.  The investment brings OneWeb’s total equity funding to $2.7 billion (approx​ £1.94 billion) with no debt issuance. This financing round comes 8 months after securing ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News 2 place · 08/16/2021 06:44 EDT

Go green, make green! This Glasgow Uni spinout has scored £1.3M to develop the first eco-friendly insecticide

The global insecticides market is currently dominated by synthetic chemicals accounting for 94% of insect control solutions, with a projected 2022 value of $22 billion. While 75% of food crops are dependent on pollinator insects, other insects cause enormous social, health and economic damage accounting for at least $70 billion in US crop losses alone. ... Read more ›

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UK Tech News
Mark Blick @ UK Tech News · 08/16/2021 05:46 EDT

Sustainability is a minefield for SMEs – 5 steps to where to begin

Covid-19 shook the small business community like never before and despite the financial support that was poured in to keep the economy afloat and support small and medium-sized enterprises (SMEs), an estimated 234,000 UK SMEs permanently ceased trading, and only 56% accessed available government support. However, the end is finally in sight and with cautious ... Read more ›

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UK Tech News
Rebecca O'Keeffe @ UK Tech News · 08/16/2021 05:14 EDT

5 dream tech roles in London startups waiting for you

Are you looking for a new job at the moment? How exciting! However, we know it can be stressful and somewhat scary at the best of times, particularly now, as we come out of a pandemic.   So, we wanted to help. We have a job board bursting with really great opportunities all over the UK ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News 1 place · 08/13/2021 08:41 EDT

British online grocery boom heats up with US giant Gopuff acquiring Dija

As the COVID-19 crisis changed the market in unprecedented ways, evolving consumer demands led to a sharp rise in grocery e-commerce in the UK. Going grocery shopping at the brick-and-mortar establishments almost became a thing of the past. Social distancing measures pushed consumers to shop online, and grocery sales via this medium went up the ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 08/13/2021 07:55 EDT

London credit fintech Keebo picks £5M funding ahead of October launch

A challenger credit card fintech from London, Keebo has announced to have closed £5 million in a seed equity funding round. Keebo is the only credit card and app company authorised by the FCA for open banking based underwriting that looks into a customer’s broader financial behaviour and encourages financial wellbeing, beyond simple debt repayments. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 08/13/2021 07:45 EDT

British female making a splash in NY-startup world with social media platform for women and non-binary folks

While clearly more needs to be done to end discrimination against non-binary individuals and provide more security for women on social media, the startup world seems to taking some really important steps in the right direction. One startup playing an important role in this segment — is New York-based Diem — which is a social ... Read more ›

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