Abound, a fintech offering affordable loans, has announced its new financing round. The new funding follows the startup’s continued growth, with Abound reaching profitability in April 2024, just three years after launch.
Tom Skinner, entrepreneur and former contestant on The Apprentice, has joined forces with Robert Hisee, UK Unconscious Mind Therapist, and Ted Lawlor, manifestation expert known as ‘The Manifestation Guy’, to introduce The Manifestation App.
Three in ten SME finance experts (28%) report that the most requested loan amount at the start of 2024 was over £100,000, 56% higher than the same period last year, according to iwoca’s Q1 2024 SME Expert Index.
Aerospace Xelerated (AX) announced it will run a pitching competition during this year’s Farnborough International Airshow (FIA) on 25th July. The winning startup will receive a prize of £5,000, six months of mentorship from the AX team, and exclusive exhibition space for the 2026 Farnborough International Airshow to help them grow their business. The second-place winner will receive a prize of £2,500 and three months of mentorship.
The majority of UK Chief Executives are experiencing tech imposter syndrome in the boardroom, with nearly two-thirds (64%) admitting they secretly feel out of their depth when it comes to digital skills.
One of the greatest tasks that the human resources team has to accomplish is making sure that there is productivity in the workplace. For this reason, the HR department employs measures like using HR software.
Swiipr, a travel paytech company transforming the airline industry’s outdated and inefficient disruption payments systems, has secured £6 million in Series A funding, led by Octopus Ventures, to help drive the company’s next phase of growth.
The eternal “nothing to wear” dilemma arises from having a wardrobe filled with up to 88% of clothes that go unworn throughout the year, according to Movingo. Style DNA, a company in image consulting tech, unveils its brand-new AI Stylist Assistant to address the issue.
Vizcab, a SaaS platform that calculates the Life Cycle Assessment (LCA) to reduce the carbon impact of construction projects, has raised an additional €4.5 million in Series A funding, bringing their total round to €9 million. The funding will support its rapid growth and expand its operations into new international markets.
Inspeq AI, a full-stack AI Ops platform, has secured $1.1 million in funding, led by Sure Valley Ventures.
European venture firm Rialto, has publicly announced its first fund, established by AVM Gestioni SGR Spa, has secured funding for more than €55 million and is more than halfway deployed, with eight investments to date already completed.
Eneryield, one of Chalmers Ventures’ portfolio companies, has successfully closed a seed funding round with investment from technology leaders in electrification and automation, ABB and Chalmers Ventures.
HSBC UK has partnered with Greenly, the carbon management company to support clients in measuring their carbon footprint by enabling them to identify their main sources of carbon emissions and spot opportunities to reduce them.
The pitching competition of the international startup and technology conference Latitude59, which took place in Tallinn, was won by three startups. Ukrainian-founded AI startup Beholder earned the largest investment of €600,000, Lithuania’s AskToSell took home €300,000, and Estonian startup GaltTec won €100,000.
A new study from BusinessComparison has investigated the current state of startups in the UK, identifying the regions and industries with the newest businesses. The study also investigated businesses that dissolved in 2023, focusing on younger companies.
The Cambridge tech ecosystem now has a combined value of $191 billion, representing 18% of the entire UK’s tech ecosystem and more than Spain and Italy combined, according to new analysis by Dealroom for Founders at the University of Cambridge.
The Local Council Roads Innovation Group (LCRIG) has announced an exciting new addition to the Innovation & Learning Festival in July: the LCRIG & TTF Startup Zone. This opportunity, in partnership with the Transport Technology Forum (TTF), is designed to provide opportunities for small and emerging businesses to showcase their innovative solutions and pioneering technologies.
The digital nomad lifestyle is in demand amongst British workers. According to a recent study, almost half (45%) of UK workers would consider moving jobs or changing careers for the opportunity to travel for work or work abroad.
Orca AI, the AI-based operational platform for ships, has raised $23 million in new funding, led by OCV Partners and Mizmaa Ventures, taking its total raised to nearly $40 million.
Approximately half of all self-employed people have experienced poor mental health within the past 12 months – 22% worse than the national average.
