News
Condense Reality, a virtual reality startup developing technology to transform how viewers watch live entertainment and sports, has raised a seed round of more than £800,000, including £220,000 from SFC Capital, the most active seed-stage investor in the UK.
Stream, the creator of enterprise-grade activity feed and chat APIs, recently closed its $15m Series A financing. The funding round was made possible by the startup’s rapid growth amid COVID-19.
The international outlook for R&D is remarkably promising despite strong headwinds, according to research released today by Ayming Group, the business performance consultancy specialising in innovation. Ayming’s second annual International Innovation Barometer (IIB) reveals that R&D departments are being empowered by the creation of innovation ecosystems, new funding methods, and the deployment of technology.
The pandemic has caused significant disruption to communities, businesses and the economy on a scale that has never been experienced before. The economy shrank 20.4% between April and June as ongoing lockdown measures led the country into recession.
Our awareness of mental health issues has grown and become increasingly broad over the years. This awareness led us to identify a variety of challenges, which were largely unknown – if not ignored – in the past.
Three Scottish tech for good entrepreneurs have been selected for the Startup Summit Competition final. The entrants will pitch for a top prize worth over £60,000 in front of 1,000 attendees at this year’s online Startup Summit.
Clim8 Invest (Clim8), the digital investment platform to help consumers invest in companies focused on tackling the climate crisis, has announced the launch of a Crowdcube funding campaign.
James Endersby, CEO at Opinium said: “The loosening of restrictions over the summer allowed many businesses to make a start on the road to recovery – this has halted in September. The reimposition of restrictions for millions of people across the country has had a marked impact on the UK’s economic recovery, as well as the levels of optimism with regards to businesses’ future outlook.”
Small and medium-sized companies from the UK’s health, beauty and wellness sectors could gain a big business boost in 2021, thanks to a new mentoring and marketing initiative from Seenit, the user-generated video company.
Momentum keeps building for Birmingham Tech Week, running digitally 12-16 October, as big-name partners and speakers are formally announced today (6 October 2020) from across the tech, business and political spectrum.
According to research from flexible office specialists, Workthere, 25-34-years-old are most likely to expect more flexibility in their typical working week in a post COVID-19 world.
To mark the start of the new academic year, OVHcloud is launching its 2020 Startup Program with applications open now. Created in 2015, the programme has already supported more than 1,800 young companies around the world (including Ant Media and Global Data Sentinel) through an investment of over £5.5 million in infrastructure credits and development support. The launch of the 2020 programme reaffirms OVHcloud’s commitment to supporting young companies that put the cloud at the heart of their business model.
The unprecedented impact of the coronavirus pandemic has caused major disruptions between businesses, and those waiting for invoice payments have been left in the lurch.
Allica Bank, the business bank dedicated to empowering small and medium-sized businesses to succeed, has continued its recent growth with a trio of senior fintech hires, strengthening its commitment to deliver expert banking for business Britain.
Nu Quantum has raised £2.1m in Seed funding in a round led by Amadeus Capital Partners. Ahren Innovation Capital, IQ Capital, Cambridge Enterprise and Martlet Capital have also followed-on from the company’s pre-Seed investment round last September, with Seraphim Capital joining as a new investor.
Global aerospace and defence accelerator, Starbust has announced its expansion into India to engage directly with vibrant local aerospace and defence startups and facilitate communication between aerospace and defence corporates and innovative startups within domestic and global landscapes.
A cohort of 18 women who are incubating their startups through SETsquared Bristol’s Enterprising Women programme, supported by NatWest, will showcase their new products and services at a blended pitching event on 27th October 2020.
For the first time, an insurer in Spain – Admiral Seguros, the Spanish subsidiary of global insurer Admiral – is using Artificial Intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles.
Huboo, the UK full-stack, software driven fulfilment provider, has announced that it has raised £14m, led by European technology VC Stride. Founded in 2017, Huboo uses unique ‘micro hub’ technology to enable online retailers of all sizes – a £27bn market – to access a complete end-to-end fulfilment operation within minutes.
It is estimated that less than one percent of all UK venture funding is awarded to all-female teams. A figure which Fund Her North – a collective of 28 women with a combined investment power over £250m – just won’t accept for the 51% of women in the UK.
