As technological transformation continues to move at lightning speed, Wales Tech Week, a summit that connects and creates opportunities for some of the most innovative and forward-thinking people and businesses in Tech, has announced its 2023 event in Newport, Wales this October.

China’s raft of new measures to bolster its economy strengthens the case for global investors’ continued attraction to the country, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.

As Plastic Free July draws to a close, Climate-tech startup and Top 5% B Corp, SKOOT, has announced its solution for combating plastic pollution in the hospitality industry.

On the back of successfully delivering its first two community microgrids, Cepro, the Bristol-based smart energy company has exceeded its £600,000 fund raise target to further transform domestic energy infrastructure.

The Financial Conduct Authority is launching a permanent Digital Sandbox following two successful pilots to help support innovative business, startups and data providers from the 1st August 2023.

Qflow, the climate-focused construction tech company, has released a comprehensive report analysing the state of waste management in the construction industry.

UK-based HR startup, Zelt has announced it has raised $3.5M in seed funding in a round co-led by Episode 1 Ventures and Village Global, with participation from a number of high-profile angels including Charlie Songhurst, Mandeep Singh, Felix Leuschner and Daniel Hegarty.

Growing a business in the current economic climate is a challenge. With rising costs slashing profit margins and prohibiting growth, external investment has become almost a necessity for small and medium-sized enterprises (SMEs) to expand.

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.