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Samuel Johnson once famously said that “those who are tired of London are tired of life”. It’s easy to see where he was coming from – London is one of the world’s most exciting cultural hubs in the world. From its bustling nightlife, first-rate transport links and exciting museums to the excellent job opportunities, few […]

The number of IT job vacancies in England and Wales has surpassed pre-pandemic levels in a sign of the UK’s recovery, according to job market research. Tech companies posted more IT vacancies in 2021 than all British businesses combined in 2020, according to a report by the recruitment consultancy Robert Walters and data analytics firm […]

University College London (UCL) has partnered with micromobility operators including TIER, Lime and Dott to develop a “universal sound” to warn pedestrians of approaching rental e-scooters.  The sound is being developed to help road users, including people with sight loss, identify a rental e-scooter regardless of its operator. UCL’s Person-Environment-Activity Research Laboratory (PEARL), part of […]

Iggy Bassi is the founder and CEO of Cervest, a climate intelligence platform that uses AI to model climate risks – such as flooding and forest fires – to physical assets. Bassi founded Cervest in 2016 after his sustainable farming business in Ghana was destroyed by freak weather events. The London-based startup has raised £26.6m […]

Understanding how to build good relationships with investors is essential for becoming an entrepreneur. Not all investors have the same goals – apart from wanting a positive return on their investment – so founders should take the time to understand how to properly build a relationship with traditional VCs, corporate VCs and private investors. Both […]

Boxt, a UK smart home heating startup that provides an “Uber-style” service for fitting boilers, electric vehicle chargers and air conditioning, has raised £20m in a funding round led by infrastructure investor Brookfield. Leeds-based Boxt will use the capital injection to expand its services in the UK and offer fuel-saving technologies such as electric vehicle […]

Kaido, a Birmingham-based startup that provides virtual health and wellbeing services for remote and hybrid workforces, has raised £400,000 in seed funding.  The investment – shared exclusively with UKTN – was led by Longrow Capital Finance. The University Hospitals Birmingham NHS Foundation Trust provided further funds via its SME Innovation Fund, in partnership with the West […]

Manchester-based aftersales management platform SamsonVT has secured $5.1m (£3.8m) in a seed funding round led by Par Equity, with participation from US-based Blumberg Capital. The capital will be used to support its global growth strategy, which includes plans to develop new products and develop existing ones.  The company aims to solve aftersales and lifecycle management […]

Swedish “buy now, pay later” company Klarna has launched a physical bank card in the UK that will allow people to delay payments for up to 30 days at high street stores as well as online.  The fintech company said that 400,000 people in the UK had already signed up for the Klarna Card, which […]

Disease prevention and health promotion platform Bioniq has acquired LOEWI, a Technical University of Munich spinout that provides tailor-made nutrients based on patients’ blood work and lifestyle. Bioniq said the acquisition will boost its global expansion and accelerate its European presence in Germany, Austria, Switzerland, and the Netherlands. The two companies did not disclose the […]

PQShield, a UK startup developing encryption tools designed to withstand cyberattacks from quantum computers, has raised $20m (£14.8m). The Series A round was led by Addition, while existing investors Oxford Science Enterprises and Crane also provided funds. PQShield said it will use the funding to double its headcount this year and to drive international expansion. […]

Vodafone UK has said it will retire its 3G network in 2023 in a bid to improve the 4G and 5G experience for its customers.  The British multinational plans to phase out 3G coverage gradually and will replace it by strengthened 4G and 5G services across the UK. The telecom company is retiring 3G after […]

UK-based fintech Everything has raised €2m (£1.67m) to reinvent a decades-old financial product: premium bonds. The raise was led by a group of angel investors, including Merama co-founder and CEO Sujay Tyle, along with Frontier Car Group founders Peter Lindholm and Ricardo Donoso. Axel Arigato co-founder Albin Johansson and angel collective Framtid pitched also provided […]

Sylvera, a UK-based startup that provides ratings for carbon offsets, has raised $32.6m (£24.1m) in a Series A funding round to accelerate and expand its service. It brings Sylvera’s total funding raised to date to $39.5m (£29.2m). Founded in 2020, Sylvera provides data on nature-based offset projects. This covers data such as raw carbon performance, […]

DebtStream, a digital platform for businesses to collect debt from those who fall into arrears, has raised £1.1m in a funding round led by early-stage venture capital firm Ascension. US-based fund Fin Venture Capital also participated, along with angel investors Chris Adelsbach, founder of Outrun Ventures, and John McAndrew, former CEO of TransUnion. The Chester, […]

The government’s Ecosystem Fund will cover the accommodation, conference tickets and travel costs

InstaDeep, a London-based startup that provides AI decision-making tools for enterprises, has raised $100m ($£74m) in a Series B funding round. The round was led by venture capital firm Alpha Intelligence Capital and private equity firm CDIB. The company will use the extra capital to advance its computing infrastructure, which is designed for high-performance decision-making […]

SME lender 365 Business Finance has raised £55m in a debt and equity raise to fund its goal of quadrupling lending over the next two years. The London-based company, which offers revenue-based funding to small and medium-sized businesses across the UK, said demand for its merchant cash advance services has more than doubled from pre-Covid […]

British IT firm Computacenter said it has been stockpiling inventory to sidestep supply chain issues and component shortages that have been plaguing businesses globally. The Hatfield, Hertfordshire-based company said its product order backlog is at an “all-time high and considerably larger than a year ago”. Throughout the pandemic, companies have struggled with supply chain issues […]

Improved mental health and increased productivity are two of the main benefits that come with working in the office, a survey of UK workers has shown. Last week the government ended its work from home guidance, with ONS data showing the Omicron variant has peaked in the UK. Removing this guidance immediately caused a small […]

The company will use the funds to scale its technology and hire more staff

The dominance of traditional retail banks is “starting to weaken” because of the rise in digital challenger banks, the UK’s financial watchdog has said. The Financial Conduct Authority (FCA) said that shares of personal and micro-business current accounts held by challenger banks rose between 2020 and 2021. The shift has been driven by “digital innovation […]

Company also secures US trademark as part of global growth push

The UK’s data watchdog has delivered a blow to a government-backed campaign to delay the introduction of end-to-end encryption for private messaging, arguing that it would put “everyone at risk”. The “No Place To Hide” campaign has been launched by child safety campaigners and charities and is backed by the Home Office. Campaigners and home […]

UK-based business financial platform Tide says it added 100,000 customers in 2021, which it claims makes it the seventh-largest banking services provider to UK SMEs. The 30% rise in members of its financial services platform brings the total number of businesses using Tide to 400,000. The majority of these new customers came from businesses that […]

Fife, Scotland-based retinal imaging company Epipole has raised £1.3m in a funding round led by early-stage investor Greenwood Way Capital, along with support from Scottish Enterprise, a government funding agency.  The Scottish company plans to use the funding to hire people in the US to support the company’s product launch and early commercialisation within primary […]

Rising consumer use of blockchain-based technology has seen major banks investigate and invest

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