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Shubham Sharma @ UK Tech News · 06/18/2021 03:30 EDT

AI prowess to find new homes: London-based SearchSmartly raises £1.25M seed funding

Almost everyone is familiar with the pain of going through countless listings while searching for a new home. To make this process easy, protech startup SearchSmartly offers its AI-powered property search platform for users. The company provides ‘hyper-personal’ property searches in London and the Home Counties and has now secured a £1.25 million investment in ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 11:01 EDT

This edutainment platform backed by London VC just raised $40M to transform early education market in the UK

Poised to transform the early education market, Madrid-based Lingokids has announced $40M (€33.3M) in Series C funding. The Series C was led by an undisclosed investor, with participation from London-based VC GP Bullhound and existing investors HV Capital and game and toy company Ravensburger, among others. The funding will be used for further international expansion, ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 07:58 EDT

Another Clubhouse is here! Spotify launches Greenrooms on iOS and Android

Most of us have been stuck inside our homes for more than a year now! We are socializing online through various social media apps including the buzziest Clubhouse.  The audio-based platform has been the talk of the town for quite some time now since Elon Musk’s entry. Back in January Elon Musk tweeted that he’d ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 07:50 EDT

Bristol-based climate tech Ecologi picks up £4M to become ‘Spotify of sustainability’

Bristol-based Ecologi is a subscription service that helps individuals and businesses lower their impact on the climate. Now, the company has picked up £4 million investment led by General Catalyst to become the ‘Spotify of Sustainability’. Notably, General Catalyst has backed companies of significant scale such as Airbnb, Stripe, Monzo and Deliveroo. Also, the company ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 07:44 EDT

Transparent AI stirs insurtech: Akur8 aims to grow in the UK with $30M funding

French insurtech Akur8 is revolutionising insurance pricing with transparent AI. In a recent development, the company secured $30 million (nearly £21.4 million) in a Series B funding round from BlackFin Capital Partners and MTech Capital. The investment round was closed less than two years after the P&C and health insurance pricing SaaS solution provider first ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 07:38 EDT

Tractable becomes UK’s first computer vision unicorn with £43M funding

Tractable is a London-based AI company that helps insurers with accident and disaster recovery. The company just announced a $60 million (nearly £43 million) in a Series D funding round led by Insight Partners and Georgian. UK’s first computer vision unicorn The investment comes after the $25 million Series C funding it raised back in ... Read more ›

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UK Tech News
Akansha Srivastava @ UK Tech News · 06/17/2021 04:00 EDT

The most diverse tech startups of London in 2021

Despite Brexit, London is at the centre of Europe’s burgeoning tech scene, and the tech companies from the capital backed Europe to reach record levels of tech venture capital funding in 2020. UK’s tech industry has expanded 10-fold in the last ten years, enabling the creation of hundreds of fast-growing tech companies that are set ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/17/2021 03:30 EDT

ORCA Hub secures £2.5M to help offshore energy industry use robots to inspect, maintain, and repair platforms

The Offshore Robotics for the Certification of Assets (ORCA) Hub is a research programme developing Robotics, AI, and Autonomous Systems for the offshore sector. Recently, the ORCA Hub secured £2.5 million in funding from UK Research & Innovation (UKRI). How will the funding be used? According to the press release, £600K will be used to ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News · 06/17/2021 03:00 EDT

London-based app Thrillz connects you directly with your favourite celeb, secures £1.3M funding

With lockdowns happening worldwide, our digital content consumption went up dramatically. Performers and creators who used to perform live quickly pivoted to delivering content online. Thrillz is a UK-based startup, and their app with the same name enables such creators and helps users connect directly with celebrities. The company has now secured a £1.3 million ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 07:30 EDT

London startup Simplestream bags £1M to help broadcasters make a switch to digital content

Simplestream, a London-based SaaS company, provides multi-platform live-streaming and video-on-demand services to broadcast and media companies. In a recent development, the company announced that it has secured a £1 million loan from the alternative lender BOOST&Co to build on a strong period of growth. Eyes grow its team BOOST&Co is a leading provider of growth ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 07:00 EDT

UK game developer using tech to drive sales picks up £600K funding

OneUp Sales is a gamified sales motivation and performance management platform developed by Stormburst Studios. Now, the company has hit the headlines as it bagged £600K funding for its expansion. Eyes Series A round in 2022 Stormburst Studios’ investment round was led by the MEIF Proof of Concept & Early Stage Fund, which is managed ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 06:39 EDT

Cambridge greentech Origami raises £20M Series C funding from Barclays

Origami is a technology company based in Cambridge working on a mission to build a green energy world, powered by smart technology. In a recent development, the company raised £20.5 million in Series C funding to help drive its next phase of growth. Funding from Barclays PLC The investment round was led by Barclays PLC, ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 04:30 EDT

Claap, an asynchronous meeting platform secures £2.1M to offer remote workers flexibility and autonomy

In the latest development, Claap, an asynchronous meeting platform, has raised $3 million (approx £2.1 million) funding in the pre-seed round.  The funding was raised from LocalGlobe, Headline (former e.Ventures), and a group of 30 angels including, Front co-founder Mathilde Collin, Oyster co-founder Tony Jamous, Nest and GoCardless co-founder Matt Robinson, and Automattic’s head of ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 03:30 EDT

British Business Investments invests yet again in Isomer Capital; closes £86.1M opportunities fund

Isomer Capital, a London-based VC investment firm, has announced the first close of its new €100 million (approx £86.1 million) co-investment fund – Isomer Capital Opportunities. The new co-investment fund is backed by British Business Investments, through its Managed Funds Programme, amongst other global institutions.  The investment from British Business Investments comes from its £500m ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/16/2021 03:00 EDT

With £1.9M funding, Y Combinator-backed London SaaS startup Minimum wants to offset carbon emissions by 2021

Almost all companies emit carbon when they operate, be it video streaming, coffee subscriptions or ride-shares. With the growing awareness of the damage caused by these emissions, consumers are demanding more sustainable practices from brands and 80% indicate that sustainability is important for them. However, effective sustainability has been very hard for businesses to do. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/15/2021 08:31 EDT

Revolut vs Curve: Which one is best for you?

The fintech revolution has reshaped the landscape of the traditional financial industry, giving rise to startup banks – ‘challenger banks.’ The so-called challenger banks have disrupted the traditional high-street banks and provide efficient and personalised banking experiences. Notably, the emergence of these challenger banks has also caused a global disruption, as they traverse borders and ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/15/2021 07:30 EDT

London’s LED neon light startup Yellowpop closes $4M as growth funding

Since the innovation of neon lights, many changes have been applied to them to make them more efficient. LED neon lights are one of them that made it more efficient to use domestically and for industrial use. London-based, Yellowpop – a home brand specialising in LED neon signs, recently announced $4M (£2.84M) funding. The company ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/15/2021 07:00 EDT

AI enters debt collection: London startup Ophelos secures £1.6M funding

Personal debt has grown exponentially all over the world. Especially, in the UK, nearly 9 million people are over-indebted, which can create a debt spiral where households borrow more to service existing debt. The COVID-19 pandemic has taken this situation to the next phase. As a result, it is estimated that nearly 250,000 small businesses ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/15/2021 06:30 EDT

Eyeing to grow further in the UK, Irish startup Scurri picks up £8M funding

Ireland-based Scurri is a cloud-based software provider that connects and optimises the e-commerce ordering, shipping, and delivery processes. In a recent development, the company announced that it picked up €9 million (nearly £8 million) in Series A funding. Eyes to accelerate growth in the UK The investment round was led by Gresham House Ventures along ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 06/15/2021 06:21 EDT

Google and Toyota Tsusho backed-mapping startup from London set to raise £10.3M

Started in South Africa and now headquartered in London, mobility technology company WhereIsMyTransport is set to close the second funding round for capital to expand its impressive portfolio of mobility data and solutions for emerging-market megacities. This will bring the total raised by the company during its Series A funding to $22 million (£15.59 million). ... Read more ›

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