Technology Funding and Finance Archives

23 Mar

Cars join coronavirus shift to online with £100m Cazoo funding round

Ecommerce startup Cazoo has announced that it has raised £100m to enable users to buy cars online, as the Covid-19 coronavirus drives a surge in online shopping.

23 Mar

How Big Tech could make “massive inroads” into banking

With the two year anniversary of open banking regulations in January, and the steady rollout of PSD2 rules, the world of banking is facing significant disruption as consumers demand increasingly sophisticated digital products.

20 Mar

Half of UK firms predict coronavirus will cause recession

Almost half of UK and US firms predict that their respective countries will go into recession in 2020 due to the coronavirus.

11 Mar

Snap VP backs social planning startup Zyng in £197,000 pre-seed round

Zyng, a startup taking on social planning, has announced that it has raised £197,000 in a pre-seed funding round, attracting support from major UK tech investors, including a VP at Snap.

10 Mar

Instanda raises $19.5m to bring no-code to insurance

Insurtech startup Instanda has raised $19.5m in a Series A funding round in order to expand its no-code customer and policy management platform for the insurance industry.

9 Mar

Don’t expect a Bolt IPO any time soon, says CEO Markus Villig

Estonian ride-hailing startup Bolt doesn’t plan to go public in the “near term”, the firm’s CEO and co-founder Markus Villig has said, as it learns from the failed IPOs of rivals Uber and Lyft.

2 Mar

AudioTelligence nets £6.5m to clean up speech for voice assistants

UK startup AudioTelligence has raised £6.5m in a Series A funding round to expand the licensing activity of its “autofocus for sound” software, which enables voice assistants to focus on speech amid background noise.

27 Feb

Tractable raises $25m to harness AI for disaster recovery

Startup Tractable has today announced that it has raised $25m in a Series C investment round to further its artificial intelligence (AI) to assist with accident and disaster recovery.

26 Feb

Digital Risks nets $10.4m to disrupt SME insurance market

Insurtech startup Digital Risks has raised $10.4m in a second Series A funding round, allowing it to further its digital-first insurance offering for small and mediums-sized enterprises (SMEs).

25 Feb

Revolut valuation indicates growing influence of challenger banks

Challenger bank Revolut has become the most valuable fintech startup in the UK after its valuation tripled since 2018 to £4.2bn.

20 Feb

SentinelOne valuation hits a billion with $200m funding round

Cybersecurity company SentinelOne has seen its valuation climb past the billion mark for the first time, giving it unicorn status, with a Series E funding round in which it raised $200m.

19 Feb

Shetland Space Centre gets £2m boost to make UK satellite launches a reality

Shetland Space Centre UK satellite launches

The UK’s first and only satellite launch site, which is being developed by Shetland Space Centre, has moved a step closer to reality with a £2.05m investment by Leonne International.

18 Feb

Laundrapp acquisition sees Inc & Co embrace disruption in dry cleaning

Inc & Co Group has announced the acquisition of Laundrapp, the UK’s leading on-demand laundry service, after it went into administration last week, highlighting the growing potential of disruptive companies within the dry cleaning and laundry space.

12 Feb

CybelAngel nets $36m to expand data leak detection software

Cybersecurity startup CybelAngel has raised $36m in funding to expand its digital risk management platform globally and advance its AI-powered software as a service platform.

11 Feb

Impala raises $20m to expand hotel API platform

Hotel data startup Impala, which creates a universal standard for business-to-business hotel interactions, has raised $20m to expand its platform.

10 Feb

Starling Bank nets £60m funding boost for expansion plans

Challenger bank Starling has secured an additional £60m in funding from existing investors to continue its expansion plans.

7 Feb

NURVV nets $9m funding for next-gen sports wearables

Biomechanics sports startup NURVV has raised $9m in funding to help bring its sensor technology to market and expand its line of products.

6 Feb

Twitter results show efforts to combat hate speech have “started paying dividends”

Twitter has published its quarterly earnings for Q4 of 2019, beating expectations.

5 Feb

Porsche Ventures invests in accounting software startup Nitrobox

Software startup Nitrobox has completed a financing round involving Porsche Ventures, the venture capital arm of Porsche.

5 Feb

Travel data exchange gets £8m launch to make UK mobility tech leader

The UK travel and mobility industry is set to be transformed by data with the launch of a national data exchange named ConVEx.

29 Jan

Labour-as-a-Service startup nets £1.5m investment, highlighting industry potential

Broadstone, a startup in the emerging Labour-as-a-Service space, has attracted £1.5m in funding, bringing its total raised to date to £2.5m.

27 Jan

Currencycloud nets $80m funding boost for cross-border payments

Currencycloud has secured an $80m funding boost to expand its business-to-business cross-border payment platform.

24 Jan

Hitachi Vantara’s Waterline Data acquisition is a shrewd move in a data-logged world

Hitachi Vantara this week announced that it intends to acquire Waterline Data, a company that uses machine learning to power intelligent data cataloguing.

20 Jan

Tink nets €90m to expand open banking platform across Europe

Leading open banking startup Tink has announced that it has closed a €90m investment found that will enable it to further expand across Europe.

17 Jan

Alphabet has reached a trillion, but does it really matter?

Google’s parent company Alphabet has reached a trillion-dollar valuation, making it the fourth US company to achieve this.

16 Jan

Hyundai and Kia invest £100m in electric car unicorn Arrival

Automotive giants Hyundai and Kia have announced they are investing €100m in UK electric car manufacturer Arrival.

15 Jan

With its acquisition of Pointy, Google is expanding search into the physical world

Yesterday Google published a blog post announcing its acquisition of Pointy, a startup based in Dublin, Ireland, that lets brick-and-mortar stores make their products discoverable online.

15 Jan

UK tech startups net £10bn in venture capital investments

Venture capital investments in UK-based tech startups reached record levels in 2019, netting firms a combined £10.1bn.

13 Jan

UK and US heading towards recession according to nearly half of businesses

Almost half of UK and US firms predict that their respective country will experience a recession this year.