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.
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.
Almost half of UK and US firms predict that their respective countries will go into recession in 2020 due to the coronavirus.
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.
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.
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.
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.
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).
Challenger bank Revolut has become the most valuable fintech startup in the UK after its valuation tripled since 2018 to £4.2bn.
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.
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.
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.
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.
Hotel data startup Impala, which creates a universal standard for business-to-business hotel interactions, has raised $20m to expand its platform.
Challenger bank Starling has secured an additional £60m in funding from existing investors to continue its expansion plans.
Biomechanics sports startup NURVV has raised $9m in funding to help bring its sensor technology to market and expand its line of products.
Software startup Nitrobox has completed a financing round involving Porsche Ventures, the venture capital arm of Porsche.
The UK travel and mobility industry is set to be transformed by data with the launch of a national data exchange named ConVEx.
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.
Currencycloud has secured an $80m funding boost to expand its business-to-business cross-border payment platform.
Hitachi Vantara this week announced that it intends to acquire Waterline Data, a company that uses machine learning to power intelligent data cataloguing.
Leading open banking startup Tink has announced that it has closed a €90m investment found that will enable it to further expand across Europe.
Automotive giants Hyundai and Kia have announced they are investing €100m in UK electric car manufacturer Arrival.
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.
Venture capital investments in UK-based tech startups reached record levels in 2019, netting firms a combined £10.1bn.
Almost half of UK and US firms predict that their respective country will experience a recession this year.
Startup Jolt has today announced that it has raised $14.1m in a Series A funding round to further its efforts to disrupt higher education.