News
Helsinki’s tech scene continues to draw the attention of global investors, with Singapore-based venture capital firm Leo Capital setting up its Nordic headquarters in the Finnish capital. This strategic expansion coincides with the launch of a €25 million fund dedicated to supporting B2B startups in the Nordic region, marking Leo Capital’s first fund specifically focused on Europe.
Sustainability startup Signol, which leverages behavioural science to reduce emissions in the shipping and aviation industries, has raised £2.5 million from industry-focused investors.
Despite the new Labour government’s commitment to a greener UK energy system, recent data has uncovered that hidden transaction fees are inflating costs for businesses transitioning to renewable energy. A comprehensive analysis has shown that these hidden fees are costing UK businesses a staggering £2.6 billion annually, translating to an additional monthly expense of £216 million.
Glovo has appointed Shiro Theuri as its new Chief Technology Officer (CTO). Previously serving as the Senior Director of Engineering since 2022, Theuri’s new mandate is to elevate Glovo’s technological and innovative prowess, ensuring the platform delivers an exceptional experience for customers, couriers, and partners alike.
Coventry-based Expert Technologies Group has secured a significant contract in Spain, bolstered by a €1.4 million financing arrangement.
Innovate UK, Britain’s national innovation agency, has U-turned on its decision to award only half of the 50 grants in its ‘Women In Innovation’ funding competition for female entrepreneurs.
Mollie, one of Europe’s fintech unicorns, has named Dave Smallwood as its new UK Managing Director as the company continues to scale its UK operations following a triple-digit year-on-year growth in the first quarter of 2024.
Angela Prentner-Smith, a dynamic entrepreneur from Glasgow, is set to reshape the e-learning sector with her new venture, Neve Learning. This cloud-based edtech platform aims to foster a more inclusive and forward-thinking educational landscape.
According to iwoca’s latest Q2 2024 SME Expert Index, nearly three-quarters (73%) of SME finance brokers are optimistic about the future of small businesses. The survey reflects a positive shift in outlook among brokers for the UK’s 5.5 million SMEs, with optimism up 3 percentage points from Q1 2024 and 6 points from Q4 2023. Only 8% of brokers express pessimism about the business environment.
Opportunity North East (ONE) has teamed up with Barclays Eagle Labs and CodeBase to launch the EnergyTech Bridge Programme, a groundbreaking initiative aimed at supporting businesses in expanding into new markets, scaling internationally, and driving innovation in the transition to cleaner, greener energy through digital technology.
iDenfy, a Lithuania-based RegTech solutions provider best known for its variety of KYC tools, has launched a new Face Authentication service. The new technology is designed to detect fraudulent biometrics and add extra protection without unnecessary friction to the end user.
Wayve, a startup specialising in Embodied AI for autonomous driving, has announced a strategic partnership with Uber, the global mobility and delivery platform.
Cue, a provider of customer service software, has launched its highly anticipated AI Agents. Following its $2 million raise earlier this year, this innovation by Cue empowers businesses to automate routine inquiries, personalise customer interactions, and deliver exceptional service at scale.
GoDaddy has introduced GoDaddy Airo, a generative AI tool tailored to assist small businesses in the UK with quickly establishing and enhancing their online presence.
According to recent forecasts from Gartner, global cybersecurity spending is expected to surge by over 15% in 2025, reaching an unprecedented $212 billion. This substantial increase is primarily fueled by the rapid adoption of artificial intelligence (AI) technologies and a growing demand for cloud and consultancy services.
The Wall Street Journal has reported that OpenAI is in talks to raise a new funding round that would value the AI startup at more than $100 billion.
Latitude59, the premier startup and technology event in the Baltic States, is expanding its global footprint by hosting a satellite event in Nairobi, Kenya. This move comes after a record-breaking event in May that drew over 4,000 participants from more than 60 countries to Tallinn, Estonia.
House My Pet, a platform that has long been a trusted resource for pet owners seeking reputable pet care services, has announced its transformation into a non-profit organisation. This significant shift aligns with its deep-rooted commitment to animal welfare and reflects its mission to create a more compassionate, safe, and supportive environment for pets everywhere.
A recent study has highlighted a significant gap between the enthusiasm for AI innovation and the infrastructure needed to support it. Despite 91% of tech leaders recognising AI as a crucial opportunity to transform their organisations, many are unprepared for the demands it will place on their systems.
Capgemini has announced an agreement to acquire Syniti, a provider of enterprise data management software and services, including platform and migration solutions with a global presence. This acquisition will strengthen Capgemini’s data-driven offerings, particularly in large-scale SAP transformations, such as migrations to SAP S/4HANA.
