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UK Tech News
Oscar Hornstein @ UK Tech News · 12/10/2024 04:54 EDT

Aquis-listed Meme Vault raises £271k to invest in crypto and Web3 

Meme Vault, an Aquis-listed Web3 investment firm, has raised £271,000 from investors as it looks to move operations to the middle east.  The company, which previously operated under the names Mortgage Chat and Pitch Pit, raised the funds following the issuance of 1.35 million new shares.  “We would like to thank our shareholders for their ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/10/2024 04:11 EDT

3D SaaS platform Partful raises £5m series A

A software-as-a-service platform that builds interactive 3D models has raised £5m in a Series A funding round. Manchester-based Partful, whose interactive 3D models explode to reveal each product’s individual components, will use the funding to support the automation its SaaS platform and accelerate the company’s growth within the $640bn aftermarket sector. The round was led ... Read more

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UK Tech News
UKTN @ UK Tech News 1 place · 12/10/2024 00:00 EDT

Big Tech ditched its roots as a force for good – Shelley Taylor, trellyz

This week’s podcast guest is Shelley Taylor, founder of trellyz and RefAid, who discusses how coming to the UK from Silicon Valley helped her understand the ‘big picture problems’, how Big Tech has moved away from the tech industry’s roots as a force for good, and the need for non-profits to think like businesses. Through ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/09/2024 12:22 EDT

Plans for office space in Salford scrapped in favour of new £250m data centre

Proposals for more office space in Salford have been scrapped in favour of a new £250m data centre in signs property developers are tearing up plans in a pivot to accommodate surging demand for cloud computing. Last month, billionaire-owned property developer Peel Group received planning permission to construct a complex comprising storage and distribution, research ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/09/2024 06:28 EDT

Gigs in million-pound tie-up with Vodafone to let any tech firm become an MVNO

Telecom-as-a-service business Gigs has signed a major partnership with telco giant Vodafone to let startups and scale-ups across the UK build their own mobile services, UKTN can reveal. The tie-up allows Vodafone to lower the barriers to entry and reduce operational overhead for businesses to launch their own Mobile Virtual Network Operator (MVNO) using its ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/09/2024 05:24 EDT

London tech investor IP Group sells down portfolio for £15m

Listed tech investor IP Group has banked £15m after selling down its portfolio, the firm said today as it looks to ramp up its share buyback programme. The London-based business said it had made disposals of shares in nine of its portfolio companies, using the proceeds to increase its total spend on share buybacks to ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/09/2024 04:42 EDT

London AI hyperscaler Nscale in $155m funding round

A London-based AI hyperscaler has raised $155m in one of the biggest Series A funding rounds of the year in the UK as it capitalises on a surge in compute needed to support artificial intelligence scale-ups. Nscale, which launched from stealth in May 2024, is designing data centre sites to support large supercluster deployments for ... Read more

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UK Tech News
Simon Hunt @ UK Tech News 1 place · 12/06/2024 10:34 EDT

UK tech funding roundup: This week’s deals from Zopa to Lawhive

It’s been a big funding week for London tech firms. This week’s deals include digital bank Zopa, Legal AI tool Lawhive, crypto firm Argo Blockchain and more. UKTN tracked £147.7m worth of UK tech investment this week (2 December to 6 December), a quadrupling of funds raised on last week, across five rounds. Here’s your weekly ... Read more

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UK Tech News
Simon Hunt @ UK Tech News 2 place · 12/06/2024 04:44 EDT

Zopa raises £68m in funding ahead of current account launch

Zopa has raised £68m from investors as the London fintech prepares to launch its new current account product in 2025. The round was led by round led by Danske Bank investor A.P. Moller, one of the largest investors in Denmark with $32 billion of net asset value. Zopa did not confirm what the funding valued ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 12/06/2024 00:00 EDT

Breathe HR founder: Know what you’re great at and stick to it

Gareth Burrows is the founder and COO of Breathe HR, a software platform to ease the administrative burden on human resources departments. In this week’s Founder in Five Q&A, Burrows discusses the importance of startups staying focused on their core mission, the danger of falling in love with the product and the importance of making space ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 12/05/2024 19:05 EDT

Touch-sensitive prosthetic limbs among 100 projects funded by £80m government pot

A prosthetic limb with a “natural-feeling sense of touch” is one of 100 projects to be funded in an £80m government scheme.  Announced on Tuesday, researchers at 39 institutes from across the UK will receive a share of a new pool of funding to develop “potentially transformative” ideas in fields ranging from health tech to clean ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/05/2024 18:59 EDT

Revolut bolsters board with two big-name hires

Revolut has made two big-name hires as Britain’s biggest fintech expands its board after receiving a UK banking licence. Banking veterans Sir Peter Estlin and Fiona Fry will be joining the board of Revolut UK with effect today. Fiona Fry, a qualified chartered accountant, has a career spanning more than 40 years in professional services, ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/05/2024 10:28 EDT

Why the Vodafone-Three merger is a massive deal for the UK’s regional tech sector

Picture the scene. You’re an app developer, with a small team based in a medium-sized Midlands town. 4G and 5G coverage has yet to reach the area. You’ve managed to court the attention of a London investor, and he (for it is usually a man, and he’s usually from London) agrees to come up to ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 12/05/2024 06:11 EDT

Google Ventures doubles down on AI startup Lawhive in $40m round

Google Ventures (GV) has once again led an investment round for London-based AI legal startup Lawhive. The investment arm of the tech giant led the startup’s £9.5m seed round earlier this year and is back leading its $40m Series A. The fresh funding will support the company’s expansion into the US. “By augmenting the work ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 12/05/2024 05:25 EDT

Checkout.com appoints former Visa Europe exec as interim CFO

Checkout.com has appointed the former finance chief of Visa Europe as its interim CFO as incumbent Nirupam Sinha prepares to depart. Philip Symes will take over the finances of digital payments firm Checkout.com on an interim basis as Sinha, who was appointed to the CFO role three years ago, will leave the company later this ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 12/05/2024 04:51 EDT

Morgan Stanley-backed payments firm Sokin expands to EU via acquisition

Sokin, a British payments firm backed by Morgan Stanley and former footballer Rio Ferdinand, will expand into the European Union (EU) through the acquisition of Norwegian fintech Settle. The acquisition of Settle will give Sokin access to its European EMI licence – regulatory approval to provide payment services in Europe. Settle, which launched in Oslo ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/05/2024 02:46 EDT

CMA approves blockbuster Vodafone merger with Three

Vodafone’s blockbuster merger with Three to form the biggest mobile telecoms operator in the UK has been cleared by the competition regulator, 18 months after the tie-up was first announced. The Competition and Markets Authority (CMA) said it “considers that if VUK and 3UK commit to their proposed network investment programme, the Merger is likely ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/05/2024 02:10 EDT

Gregg Wallace suspended from private members’ club in Marylebone after allegations

Gregg Wallace has been suspended from a top private members’ club in central London after a spate of allegations emerged about the past behaviour of the TV star, UKTN can reveal. Marylebone-based Home Grown, a club popular with tech entrepreneurs and investors which counts several Dragons Den stars among its membership and ambassadors, took the ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 12/04/2024 05:53 EDT

4G rollout across Elizabeth Line finally complete

The rollout of 4G infrastructure across the underground sections of the Elizabeth Line is now complete as London’s transport board continues its sluggish implementation of the technology across the capital’s network. The completion means Transport for London (TfL) now offers mobile coverage in some or all of the Elizabeth, Central, Victoria, Northern and Jubilee lines. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 12/04/2024 05:03 EDT

Revolut boss says a UK listing is ‘not rational’ in blow to London Stock Exchange

Revolut CEO Nikolay Storonsky has bashed the prospect of listing shares in the UK over the US, in the latest blow to the London Stock Exchange.  Storonsky, who co-founded the fintech with Vlad Yatsenko in 2015, said it was “not rational” to opt to float in Britain, given the advantages of the US public markets.  ... Read more

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