Small businesses are being offered the chance to take over a shop on Oxford Street, rent-free, as part of a new project launched today by Westminster City Council, in partnership with New West End Company.
 

Thalia, a prominent analogue IP reuse specialist, has announced the completion of a substantial funding round, propelling the company into its next phase of growth.

Signalling that it has entered the next phase in its rapid growth, Brite Payments has announced the appointment of Alexander Kassai as Chief Operating Officer and Fredrik Strömqvist as Chief Financial Officer.

Secure Code Warrior, the agile learning platform for developer-driven security providers, today announced it closed its Series C funding round, led by Paladin Capital Group. At $50M USD, this marks the largest investment since the company’s inception, bringing its total funding to date to over $100 million USD.

KaarTech, a global digital transformation consulting company specialising in SAP and S/4 HANA implementation, has raised $30 million from A91 Partners, an investment firm headquartered in Mumbai. Gautam Mago and Kaushik Anand from A91 Partners will join the Board of KaarTech.

CIBC Innovation Banking has announced that it has provided €12 million in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale.

Octopus Group, a group of entrepreneurs and investors backing the people, ideas and industries that will change the world, has announced the launch of Springboard, a programme aimed at creating and accelerating new businesses across the UK and Europe that will help to solve society’s biggest problems.

Lilium, developer of the first all-electric vertical take-off and landing jet, has successfully arranged a capital raise for a total amount of $192 million.

Carly, the CarTech company that directly connects drivers with their car’s under-the bonnet data, has launched their hotly anticipated Universal Onboard Diagnostic Scanner in the UK, following significant success and over two million users across Europe and the US.

Seraphim Space, known as Generation Space in the US, which runs the dedicated accelerator for global startups in the SpaceTech industry, has opened its applications for its 12th cohort (Mission 12).

Wing Cloud, the company behind the open-source Wing Programming Language (Winglang), launched out of stealth with $20 million in seed funding led by Battery Ventures, Grove Ventures, and StageOne Ventures; with participation from Secret Chord Ventures, Cerca Partners, and Operator Partners. Angel investors include Amit Agarwal, President at Datadog; Armon Dadgar, Co-Founder and CTO of HashiCorp; Benny Schnaider, Co-Founder of Salto; Zack Kanter, Founder of Stedi; and other industry leaders.

As businesses around the world expand and grow, they seek to understand who their customers are and if they can trust them.

A new report has revealed that more than a quarter (26%) of small business owners in the UK believe that they will be forced to cease trading if the outlook for their business does not improve - a potentially detrimental blow to the UK economy.

Prime Minister Rishi Sunak has launched a new Business Council to fuel economic growth and make the UK a leading hub to do business.

One Young World, the global community for young leaders, has announced the winners of its global Entrepreneur of the Year Award, this year supported by TFG Asset Management.

Thunes, the global B2B payment infrastructure platform, has announced the addition of three prominent investors – Visa, EDBI, and Endeavor Catalyst – to its Series C funding round, supporting its mission to address the inefficiencies of moving money internationally and create a next-generation payment system that is secure, instant and transparent.

Cloud communications and contact centre provider Ringover, has announced that it has been rated a High Performer in the G2 Grid Report for Contact Centre, Call Tracking, and VoIP Services for Spring 2023.

Hands In, the group payments solution provider, is excited to announce its strategic partnership with inai, the APAC regional payment specialist. This pioneering collaboration aims to spearhead transformative growth in the travel, leisure, and hospitality sector, offering innovative payment solutions to clients in Europe and expanding into the Asia-Pacific, Australian, and China (APAC) markets.

“We have shrunk their repair times from weeks to days, and even to just a few hours” is what Fitim Mehmeti Co-Founder & CSO of Timely, the Swiss-German based, pan-European inventory management startup said it saved HAUSER refrigeration technology in Austria in its first year. Now, having grown to over 300 clients across Europe serviced by a 30+ team, it is coming to the UK to help our businesses do the same.

Raising capital during an economic downturn can be a challenging endeavour, as the fear of dilution and the need for financial stability become paramount. Attempting to raise during a downturn presents various hurdles including longer timelines, risk-averse investors, and downward shifts in the company valuation.