A parcel delivery startup used by brands such as THG and JD Sports has secured $10m (£8m) in seed funding. London-based Relay describes itself as an “end-to-end parcel delivery service” – meaning it transports goods from the first to last mile. The service is currently live in London, with plans to use the funding boost ... Read more ›
0
DoorFeed, a London-based data platform providing investment groups with insights on the property market, has raised £6m in a seed extension round. Founded in 2021 by James Kirimy, who previously helped launch Uber’s expansion into the UK and ran its electrification department, DoorFeed aggregates residential properties into portfolios backed by market data for institutional investors. ... Read more ›
14
London-based fintech startup Crezco has raised £9.6m for its invoice and payments services targeting business-to-business SMEs. Founded in 2020, Crezco works with small businesses to provide account-to-account (A2A) payment services and invoice processing through open banking. Crezco targets B2B platforms that are looking to replace the use of manual bank transfers and paper invoices. “A2A ... Read more ›
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Founded in 2015, IDEE is a cybersecurity firm that has created a multi-factor authentication (MFA) solution – AuthN – that is 100% passwordless. The scaleup has registered companies in both Germany and the UK, and it has recently invested in growing its team and presence in the UK. Its founder and CEO, Al Lakhani, explains ... Read more ›
9
Reactions to the tech policies introduced by the chancellor in Wednesday’s Autumn Statement have been broadly positive from industry figures, although there are criticisms of some of the finer details. A funding boost for AI compute access, an extension to the Venture Capital Trusts (VCT) and Enterprise Investment Scheme (EIS), positive reforms to research and ... Read more ›
8
Chancellor Jeremy Hunt has announced a slew of measures aimed at supporting the UK’s tech sector in the 2023 Autumn Statement, ranging from R&D tax credits to additional AI computing resources. Many of the announcements were trailed ahead of Wednesday’s fiscal event, including a new investment zone and quantum computing commitments. Hunt claimed that the ... Read more ›
0
A University of Sheffield bioplastics spinout has raised £2m in funding to develop plastic alternatives made from plants. Floreon, which is now based in Hull, says its bioplastics offer a comparable performance to widely used polymers and can significantly reduce carbon emissions associated with oil-based alternatives. The Series A funding was provided by spinout-focused investment ... Read more ›
13
Deliveroo riders are not considered employees and therefore not entitled to benefits and collective bargaining from trade unions, according to a UK Supreme Court decision. The decision has concluded a years-long legal battle championed by the Independent Workers Union of Great Britain (IWGB), which represents members of the gig economy. The Supreme Court agreed in ... Read more ›
2
HumanForest, the company behind London-based e-bike operator Forest, has secured an extra £5m for its Series A round to bring the total to £17m. The micromobility company launched in London two years ago and says it now has half a million people using its rental e-bikes. HumanForest secured the additional equity funding from investment firms ... Read more ›
9
Phare Health, a London-based startup founded by DeepMind and Google Health alumni, has raised £2.5m for its AI products for clinicians. Founded in August, Phare Health is developing AI tools to support the administrative efforts of healthcare professionals. Short staffing and tight budgets have left hospitals and clinics with significant backlogs and Phare Health claims ... Read more ›
2
The government-backed spinout review, which recommended universities take reduced stakes in startups created by their faculty and students, has been met with widespread approval from universities and investors. Published on Tuesday, the review included a recommendation for universities to take a 10% to 25% stake in IP-intensive spinouts – such as life science firms – ... Read more ›
11
An additional 50 investment firms have signed a commitment to support the flow of pension money towards tech startup investments. The Treasury-backed Venture Capital Investment Compact was first announced in October and signed by 20 investment firms – including Octopus Ventures and Balderton Capital – as a measure to unlock billions in untapped investment from ... Read more ›
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On Wednesday the chancellor will deliver the 2023 Autumn Statement. The UK tech sector will be watching closely for measures supporting business growth following a year of challenging economic headwinds. Many tech-focused budget details have already been revealed. They include new funding for quantum computing, the publication of the spinouts review, a US-inspired tech VC fellowship scheme, ... Read more ›
9
British universities have been advised to take no more than a 10% stake in startups founded within their walls, as part of the government’s review on spinouts. Announced by the Treasury in March, the review of university spinouts was launched to support the UK’s wider goal of growing its science and technology sector to become ... Read more ›
22
A day away from Jeremy Hunt’s Autumn Statement, we’ve heard a lot of noise about what to expect for the tech ecosystem. In typical fashion, the Treasury has been slowly but surely trailing large chunks of the speech. That means we can expect to hear some of the following from the chancellor on Wednesday: ISA ... Read more ›
3
London-based circular economy startup Reboxed, which embeds refurbished electronic ecommerce solutions to brands, has raised £1.6m. Founded in 2020, Reboxed is aiming to tackle e-waste by offering consumers second-hand electronics and brands re-commerce services. Data published by Statista revealed that more than 50 million metric tons of e-waste are generated globally per year, made up ... Read more ›
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In the latest episode of the UKTN Podcast, Dom Hallas, executive director of the Startup Coalition, reveals his top policy wishes for UK tech in the upcoming Autumn Statement and shares his assessment of the tech legislation agenda for 2024. Hallas has been leading the lobby group, which acts as a conduit between Westminster and ... Read more ›
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Hampshire-based virtual reality (VR) firm nDreams has been acquired by Swedish video game company Aonic in a £90.3m deal. Headquartered in Farnborough, nDreams develops and publishes VR games, working with partners representing the major headsets such as the Meta Quest, Valve Index and PlayStation VR. The company has developed games such as Phantom: Covert Ops, ... Read more ›
4
The chancellor will announce a science and tech venture capital (VC) investment growth scheme inspired by the US in his upcoming Autumn Statement speech. Chancellor Jeremy Hunt, who has often stated a desire to turn the UK into the “next Silicon Valley”, is expected to announce plans for a fellowship programme to increase the supply ... Read more ›
1
Just under a quarter of London-listed firms said they have experienced no significant advantages from listing in the UK, according to a recent survey. Research from the Quoted Companies Alliance (QCA), citing data from a YouGov survey of 101 small and mid-cap UK-listed firms, found that 23% saw no advantages stemming from their position as ... Read more ›
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Most popular sources
Tech Wire Asia
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28% 12 |
Business Insider
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25% 9 |
Android Authority
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6% 2 |
Eurogamer.net
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5% 2 |
Mashable
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4% 1 |
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29.11.2024 20:39
Last update: 20:30 EDT.
News rating updated: 03:30.
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