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Staff Reporter @ UK Tech News 3 place · 07/02/2021 04:33 EDT

London-based alternative meat brand THIS raises ÂŁ11M funding, eyes to expand R&D

THIS, a hyper-realistic plant-based meat brand headquartered in London is one of the fastest-growing foodtech businesses. Recently, the company has raised £11 million in a Series A funding round led by Business Growth Fund (BGF) and Lever VC. Eyes to expand R&D Notably, this is the largest Series A funding secured by any plant-based meat ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/02/2021 04:00 EDT

UK’s anaesthetics innovator Somnus Scientific bags £600K funding to grow its business

Bath-based Somnus Scientific is an anaesthetics innovator that makes anaesthesia safer for patients, better for the environment, and more cost-effective for healthcare by unlocking alternatives to traditional gas-based anaesthetics. In a recent development, the company has secured £600K in funding. Growth plans The investment round was led by a combination of private investors and a ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/02/2021 03:30 EDT

Stripe investor backs London’s Codat in £29M funding for its SMB-focused API service; Focuses on US expansion

Codat, a London-based company that’s focused on making financial software integrations simple, has secured $40M (approx £29M) funding in a Series B round.   Investors and fund utilisation The round was led by Tiger Global, whose other investments include Stripe, Brex, and Checkout.com, with existing investors Index Ventures and PayPal Ventures also participating.  The company will ... Read more ›

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UK Tech News
Mary Glazkova @ UK Tech News · 07/02/2021 03:00 EDT

3 digital PR KPIs every entrepreneur should know

PR has changed, and traditional publicists broke out in a cold sweat when digital marketing KPIs were introduced to a larger audience. The times when one could put a Forbes interview as a major KPI are long past. Just like customers in Starbucks, companies are ticking the boxes: growth rate up, bounce rate down–yes, please.  ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/01/2021 05:00 EDT

Edinburgh-based flexible workspace platform Desana picks up $4M funding

Existing flexible working platform solutions are mostly just aggregators of co-working space aimed at freelancers and gig workers. The world’s leading employers need an enterprise-grade solution that provides the tools required to manage large distributed workforces operating on a hybrid basis at a global scale. Edinburgh-based Desana is a hybrid workspace platform that enables businesses ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/01/2021 04:30 EDT

London startup Nodes & Links aims to tame project complexity through AI and Cloud picks ÂŁ7.9M funding

Based out of London, Nodes & Links is a provider of AI and cloud tools that allow engineering projects to be delivered on time, on budget, and with less waste. Raised £7.9M Recently, the company has raised $11 million (approx £7.9 million) funding in Series A round led by urban sustainability-focused fund 2150 alongside Zigg ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/01/2021 04:00 EDT

London-based OnePlan bags ÂŁ2.75M funding to expand its ultimate event and venue platform

London-based OnePlan is a platform that enables planning and mapping events on one easy-to-use platform and creates a fully interactive 3D Venue Twin of the arena or stadium. Now, the platform bagged $3.8 million (nearly £2.75 million) in Series A funding. The investment round was led by Pembroke VCT, a British VC firm and Eppes ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News · 07/01/2021 03:30 EDT

Cambridge-based startup VividQ secures ÂŁ11M to work on next-gen holographic displays

It’s no surprise that technology is progressing and evolving at breakneck speeds. And Cambridge-based software and holography developer startup VividQ is trying to establish itself in this fast paced segment. The company has raised £11 million funding and has announced the development of HoloLCD, it’s new technology that is touted to turn consumer grade displays ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News · 07/01/2021 03:00 EDT

Transferwise competitor fintech OneFor secures ÂŁ8.55M funding as it expands to the UK

Remittance and payments industry is flourishing in the UK with 9.5 million migrants transferring about £7.58 billion every year. With notable opportunities in the segment, many players are vying to grab a big chunk of the market share. To challenge existing players, Germany-based challenger fintech OneFor has raised a notable £8.55 million in its latest ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 07/01/2021 02:30 EDT

Accel raises $3B to invest in tech startups: 10 winning UK companies backed by Silicon Valley VC

Palo Alto-based Accel is an early and growth-stage venture capital firm that helps a global community of entrepreneurs. In a recent development, the VC announced the close of three funds totaling $3.05 billion to back early-stage startups and grow capital for companies that are more mature. To be specific, Accel announced its 15th early-stage US ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/30/2021 07:50 EDT

London biotech FabricNano raises $12.5M to design artificial cells producing chemicals 100x faster

Cost-efficient and sustainable production of biochemicals and biofuels is a crucial goal for modern biotechnology. The current methods are based on microbial fermentation, which suffers from a mismatch of cellular and engineering objectives, scaling challenges, and much more.  However, Cell-free biosystems for biomanufacturing are emerging as an alternative to fermentation. According to various experts, Cell-free ... Read more ›

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

London-based digital community for eldery raises ÂŁ6.1M funding to reach more members

London-based Rest Less is a digital community for people in their 50s, 60s and beyond as they move through midlife transitions. In a recent development, the company picked up £6.1 million in a Series A funding to further expand its services to its members. Growth plans The investment round was led by venture capital firms ... Read more ›

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UK Tech News
Akansha Srivastava @ UK Tech News · 06/30/2021 04:06 EDT

5 reasons why Banking Circle is a cutting-edge payment bank

Banking Circle is breaking the payments mould. Specialising in an area long hindered by processes that were in place before anyone had even thought of digital banking, they are making the process of moving money cheaper, quicker, and easier for everyone. Using innovative systems, they are making their mark in European — and global — ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News · 06/30/2021 04:00 EDT

London-based insurtech Bequest secures ÂŁ1.7M to simplify insurance for the millennials

Almost all sectors and services are undergoing digitisation and we’ve witnessed this trend accelerate since the COVID-19 pandemic. Insurance industry, too, pivoted quickly and now most of its services are offered online. London-based startup Bequest aims to further shake things up in this segment by offering simplified wills and life insurance for the millennial market. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/30/2021 03:38 EDT

London startup Thymia that uses video games to help doctors spot and treat depression picks $1.1M funding

Thymia, a London-based mental health startup that empowers clinicians to assess depression faster and more accurately, has secured £780K in the seed round. The investment round was co-led by Kodori AG and Calm/Storm. Others including, Form Ventures, Entrepreneur First, and several angel investors, participated. The funding will go towards scaling up its platform to assess ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/30/2021 03:20 EDT

London startup powering real-time virtual events bags $70M from Dawn Capital

Currently, real-time data is only a fraction of the data consumed today. Reports suggest that it will account for 30% of global data by 2025. However, building homegrown real-time synchronisation capabilities is complex and costly and Ably eyes to simplify this. London-based Ably is a platform that synchronised digital experiences in real-time. Now, the company ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/29/2021 07:06 EDT

British fintech Tide enters India with ÂŁ100M investment to create 1,000 jobs

The Covid crisis in India has triggered a new wave of unemployment in the country. As the unemployment rate touched a four-month high in April this year and job losses have been increasing sharply, India Inc needs the support of its allies to help it pass the litmus test. Attempting to turn this very tide ... Read more ›

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UK Tech News
Akansha Srivastava @ UK Tech News · 06/29/2021 06:28 EDT

Scoop: UK-based Amazon rival OnBuy to raise fresh cash of ÂŁ30M

UK has now become the third-largest e-commerce market globally, with numerous homegrown marketplace startups driving e-commerce trends for 2021 and beyond. One of them is OnBuy which claims to be the fastest-growing e-commerce marketplace globally and the fourth biggest in the UK according to the UK Marketplaces Rankings, with only Amazon, eBay and Etsy ahead ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/29/2021 06:22 EDT

How legal is world’s largest cryptocurrency exchange Binance in the UK?

According to the latest reports, Binance, the world’s biggest cryptocurrency exchange, has been banned in the UK now. In a notice, Financial Conduct Authority (FCA) said, “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”  As a result, Binance is not currently permitted to undertake any regulated activities without the ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/29/2021 03:30 EDT

London VC leads ÂŁ2.1M funding in female-led startup that smoothens remote hiring process

As a result of the pandemic, people are returning to their home countries due to the many restrictions. This has opened the door to a new era of global employment in which employers recognise the need to offer remote-first jobs. However, thousands of organisations are currently breaching local employment laws without even realising it. Investment ... Read more ›

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