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General Interest

Venture capital firm Praetura Ventures is receiving a further £5m funding commitment from British Business Investments (BBI) as part of the Regional Angels programme, which aims to make capital available to startups across the UK. Manchester-based Praetura Ventures will use the £5m capital to back high-growth businesses around Britain. It follows on from BBI’s £15m […]

Birdie, a London-based health tech startup focusing on transforming the state of elderly care, has raised $30m (£24.5m) in a Series B funding round. Founded in 2017, Birdie is aiming to reinvent home healthcare and support older generations with an all-in-one software solution. Birdie’s services include scheduling visits, creating care plans, preparing audit reports, invoicing, […]

UK Prime Minister Boris Johnson has unveiled a package to support Ukraine’s science, technology and research sectors amid Russia’s ongoing bloody invasion. The support package includes an additional £9.8m for the Researchers at Risk scheme, launched in March to help more than 130 Ukrainian scientists, researchers and tech entrepreneurs to resume their work in UK […]

For all the hype surrounding blockchain, the digital ledger technology is still mostly associated with cryptocurrencies like Bitcoin. Practical, real-world use cases beyond decentralised finance remain scarce. But one area where blockchain has been showing promise is in supply chains. “All the hype and froth around crypto can be a real distraction to the rather […]

Innovate UK, the British state investment agency, has awarded a £500,000 grant to Cambridge-based Riverlane and California-based Rigetti Computing to solve the issue of error correction in quantum computing. The partnership between the US and UK quantum computing firms, backed by British government funding, aims to resolve the “single greatest challenge to unlock quantum’s full […]

Life science company Cytomos has added an extra £1.6m in capital to its seed funding to continue developing its cell analysis platform Cytomos Dielectric Spectroscopy (CDS). The Edinburgh-headquartered company’s platform can be used in drug development, bioprocessing, vaccine production and for cell and gene therapy manufacturing. “We now have the growth capital required to advance […]

Screenloop, a startup using data and automation to speed up the hiring process, has raised $7m (£5.7m) in seed funding. Hiring can be a complex process for businesses, particularly in the tech industry, where there is such an intense pressure to scale up rapidly. This can lead to rushed hires where the ideal candidate is […]

London-headquartered fintech Atlantic Money today has gained its licence to act as a payments institution in Europe and can now operate its service across the continent. Atlantic Money, which emerged from stealth in March, received its licence through the National Bank of Belgium. It follows the company receiving its Financial Conduct Authority (FCA) licence, a […]

Speech recognition software company Speechmatics has raised $62m (£50.3m) to aid its expansion into the US and Asia-Pacific in its recent Series B round led by Susquehanna Growth Equity. Headquartered in Cambridge, Speechmatics has built speech-to-text software that can understand 34 languages. According to the firm it has been exposed to “millions of hours” of […]

The co-founder of Wise is among a handful of tech entrepreneurs who have launched Plural, a new investment platform with a €250m (£215.6m) venture fund to back early-stage startups. Plural has been created exclusively by former founders and operators with years of experience in growing startups. The idea is for Plural investors to take a […]

London-based employee scheduling software company Rotageek has received £3m in capital in a funding round led by Volution, Calculus Capital, and Gresham House Ventures. The software as a service (SaaS) company uses artificial intelligence (AI) to help business owners organise staff rotas. The software, which also helps to improve rotas and predict demand, is used […]

Gearset, a tooling provider for Salesforce software, has raised $55m (£44.9m) to expand its product line and grow its sales and marketing teams across both the UK and US. Backed by the new funds, the Cambridge-based company has also established new offices in Belfast and Chicago. Founded in 2015, Gearset aims to simplify the process […]

London-based Magical Mushroom Company has raised £3m in seed funding to scale its eco-friendly packaging and to fund its first raw material production plant in Nottinghamshire. The Magical Mushroom Company has come up with a potential solution to replace the use of plastic and cardboard in packaging. It does this by mixing agricultural waste with […]

InvestEngine, a London-based investment platform, has raised more than £1.5m in an equity crowdfunding raise. Around 1,200 individuals participated in the raise via crowdfunding platform Crowdcube, more than doubling InvestEngine’s £700,000 target. The round – InvestEngine’s first public fundraise – took place over eight days. InvestEngine’s commission-free platform provides a range of investment accounts, including […]

Around 1.5 million UK small and medium enterprises (SMEs) owners anticipate a loss of business this year due to the rising cost of living and soaring inflation. A survey has found the majority (42%) of SMEs and micro businesses view rising inflation as the biggest threat, followed by energy prices (38%). This information comes in […]

The government has been called on to prevent the acquisition of UK-based aerospace company AIM Altitude by a Chinese organisation with state ties. AIM Altitude designs aircraft interiors for Boeing and Airbus. The Bournemouth-based firm has been owned Aviation Industry Corporation of China (AVIC) since 2016 when the Chinese state-controlled organisation bought AIM for £155m. […]

The co-founder and CEO of London-based fintech Wise – formerly TransferWise – is being investigated by the UK’s financial regulator after he defaulted on tax payments. Wise said this morning that the Financial Conduct Authority (FCA) has “commenced an investigation regarding the regulatory obligations and standards” of company co-founder Kristo Käärmann. Käärmann was previously included […]

The communications as a service (CPaaS) market is rapidly growing, with more and more businesses realising they need to invest in a centralised platform to manage their interactions with customers. The market can be divided into two distinct approaches: developer CPaaS and enterprise CPaaS. Developer CPaaS is the traditional form of CPaaS where APIs are […]

A performing arts union is warning that work for creative artists is at risk from artificial intelligence (AI) because of the rise in synthetic performances. There have been many policy debates about AI’s impact on the workforce. However, the performing arts industry feels it has been left out of the conversation. Stop AI Stealing the […]

Lights, mud, lasers, tents and confetti are all things you would expect from the world-famous Glastonbury Festival. This year, festival-goers have also seen their favourite artists performig on stage to a backdrop of mixed reality visuals. Picture yourself at the Glastonbury Shangri-la Gas Tower or Greenpeace’s HE.SHE.THEY stage, listening to artists such as Bonobo, TSHA […]

Revolut has announced it is entering into the buy now, pay later (BNPL) space with the rollout of what it calls a “responsible” pay later product. The British fintech will let customers spread the cost of purchases up to €499 across three instalments, with a fee of 1.65% per purchase being repaid in the first […]

Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered in London, the company is an insurance platform for cycling and electric vehicles. It plans to offer e-scooter, e-moped and electric car insurance in the future and will use the fresh […]

Have you ever considered moving to Bristol? Brizzle (as it is affectionately known) is a city that should definitely be on your radar if you want to grow your tech career. Research by the government’s Digital Economy Council in 2021 put the city in the top five of a Tech Power League table of cities […]

Masayoshi Son, founder and chief executive of Japanese multinational conglomerate SoftBank, has said that New York is his preferred choice to list Cambridge-based chip designer Arm in its upcoming IPO. Speaking at a SoftBank shareholder meeting, Son said that listing Arm on the New York Nasdaq stock exchange was currently his “favourite” option because most […]

Sheffield university spinout Opteran has raised $12m (£9.77m) in funding to expand its machine autonomy natural intelligence technology. The Sheffield-based firm has a unique approach to autonomous machinery, trying to emulate the brain processes of insects to give AI chips the advantage of what the company describes as 600 million years of evolution. “By mimicking […]

The Financial Conduct Authority (FCA) is launching a new data-driven anti-fraud strategy to crack down on rising online fraud. The UK’s financial regulator said it will be investing heavily in its use of data in 2022/23, with a significant increase in the recruitment of roles in artificial intelligence, analytics, cloud engineering and data science. The […]

Cryptocurrency company Tether is planning to launch a new stablecoin tied to the British pound next month. Tether is known for its stablecoins, a form of cryptocurrency that has a value tied to the value of something else – often fiat currencies. The company has previously launched coins tied to the US dollar and Chinese […]

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