Hydrogen heating technology company HYTING has announced financing from investment and venture capital firm BMH Beteiligungs-Managementgesellschaft Hessen and ebm-papst. The financing will see both firms become shareholders of HYTING, and the capital raised in this round will be used for further product development, expansion of the product portfolio, and to attract new customers.
Latest research from The Global Payroll Association (GPA) reveals that UK PAYE employees paid £252 billion in income tax in 2024, Meanwhile, businesses paid £114 billion in employer National Insurance Contributions, a total which is set to grow significantly in 2025 following changes set out in Labour’s Autumn Budget.
Ori, a UK-based provider of cloud infrastructure for AI, has secured a key strategic investment from Wa’ed Ventures, Saudi Aramco’s venture capital arm, as it eyes up explosive growth in the Middle East market over the coming 12 months. Financial terms of the investment were not disclosed.
Healthcare is undergoing a fundamental transformation, shifting from reactive sick care to proactive health management, with consumers firmly in the driver’s seat. While the US market has seen the rise of consumer-centric healthcare champions like Hims/Hers, Headspace, and Function Health, Europe’s market remains underserved. Today, naturalX Health Ventures has announced a €100 million fund to accelerate this revolution in Europe, becoming the first specialised fund focused exclusively on the intersection of consumer and health in the European market.
The UK’s AI Safety Institute has been recast as the UK AI Security Institute, bolstering protections against AI risks facing national security and crime, and delivering a key pillar of the government’s Plan for Change.
New research suggests that many workplaces are a potential hotbed of discriminatory behaviour, with peoples’ age, appearance, and gender often being used against them in work settings.
Eleven early-stage companies working in oncology have started ‘Discovery Spark’, a free seven week development programme hosted by leading science and innovation campus Discovery Park, in Sandwich, Kent.
Valentine’s Day is an occasion when hearts begin to race as we prepare for feelings of love – whether that’s with your Valentine or your Galentine! This year, we are shining a light on the startups on a mission to keep the beat steady by focusing on heart health – ensuring that it’ll be fluttering for years to come.
tozero, a European startup in sustainable lithium-ion battery recycling, has achieved a major breakthrough by producing battery-grade recycled graphite at industrial scale. For the first time, this 100% recycled anode material has been successfully used in battery cell production, proving its viability for commercial applications.
Enterprise Nation has appointed one of the UK’s most accomplished SME inclusive sourcing experts ahead of the Procurement Act coming into force later this month.
Businesses will have to navigate increasingly complex requirements when handling people’s data and contend with technologies that make privacy violations easier and more widespread. According to Krete Paal, CEO of the Estonian data protection startup GDPR Register, regulatory oversight of data protection is becoming stricter, with higher penalties for non-compliance.
A new industry report on compliance in the UK reveals a striking paradox: while 58% of businesses cite manual processes as their biggest challenge, 57% still haven’t adopted AI to ease the burden. As regulatory pressures mount, AI is positioned to play a transformative role in compliance practices – but many businesses remain hesitant.
Mixed reality (MR) gaming startup MixRift has revealed significant growth milestones as the MR gaming market approaches an inflection point. With IDC forecasting global XR headset shipments to surge 44.2% to 9.7 million units in 2024, MixRift’s strategy to focus on accessible, casual gaming has put them ahead of the curve.
Only 51% of part-time and full-time workers in the UK feel their employers provide support, resources or initiatives that improve their wellbeing, a new study from infinitSpace has revealed.
The second Future of Capitalism Competition, founded by The Leo Lion Company, took place on the 12th February at The Shard in London. The Startups Magazine team went along to the evening to learn more about the startup finalists of this year’s competition, and to celebrate with the finalists and winners.
The Good Business Charter and its 1,000+ accredited organisations received a welcome boost as it celebrated five years of championing a clear commitment to responsible business practices towards people and planet.
Global research group, the Hurun Research Institute, has released Hurun UK Unicorns and Future Unicorns Index 2024, showcasing 137 outstanding startups competing on the world stage and driving the UK economy to new levels.
HowNow – the AI-powered learning and skills platform, has announced the completion of its Series A funding having raised a total of £7.5 million. Following an initial £4 million Series A investment from Mercia Ventures and FTSE 100 education firm Pearson in February 2023, HowNow recently secured a further £3.5 million from the same two investors, along with Fuel Ventures.
Edmund, a Czech-based startup specialising in AI solutions for manufacturing, has closed a €500,000 pre-seed round led by Lighthouse Ventures, with Czech Founders VC, Borovicka Capital, and deeptech investor Tensor Ventures joining. This round of fundraising will be used to enhance Edmund’s platform and expand its presence throughout the EU and US markets.
Fintech scaleup Revving, which is reshaping digital media payments through innovative invoice factoring, has secured a £107 million investment led by global asset manager DWS.
