iDenfy, the tech startup that provides identity verification and fraud prevention solutions, has announced its partnership with Payset, a global payment platform that offers multi-currency accounts, prepaid cards, and currency exchange services. For Payset, collaborating with iDenfy will ensure a frictionless, four-step identity verification journey.

This is the second of a two-part series we at Colorintech have put together on the topic of “What Early-Stage VCs Think About Traction”.

HiBob, the company behind Bob, the HR platform transforming how organisations operate in the modern world of work, has announced it has raised an additional $150m in growth funding, just ten months after raising a $150m Series C in October 2021.

UK inflation has risen to 10.1% in July, the first time it's hit double digits in 40 years, according to the ONS – up from 9.4% in June. Driven by rising costs in energy, food, and fuel, this has resulted in a drastic drop in funding and valuations across the startup arena, with a report from Tech Nation revealing that 50% of earlier-stage startups were struggling to scale beyond the seed and pre-seed stages.

EdTech startup Microverse, an online school for remote software developers where students around the world pay nothing until they land a life-changing job, has doubled its valuation with an extension of $4M to its Series A round.

Business owners have to juggle day-to-day operations, finances, marketing, managing a team, legal requirements, and much more. But the harsh reality is that, overnight, their efforts can all be made irrelevant.

ProcurementTech Startup, Matchory, has raised €1.6m in a seed funding round led by Earlybird Venture Capital’s UNI-X team, alongside angel investors from industry and procurement.

A significant amount of the new unicorns added last year came from the web3 market. This is in line with the overall trend of growth in the cryptocurrency industry and the rise in popularity of decentralised applications (dApps).

The Royal Academy of Engineering’s Enterprise Hub has published a new Entrepreneur’s Handbook to support founders of spinout companies.

With research showing that 70-90% of M&As fail even during favourable economic conditions, expert advisers have become even more critical in helping deals get over the line in the current climate.

AeroCloud Systems (AeroCloud), the 100% cloud native software platform dedicated to the support of airports, has won a contract to provide the Flight Information Display Systems (FIDS) and gate management systems (GMS) for the largest international airport in The Bahamas and the 4th largest airport in the Caribbean.

New businesses are launched seemingly every minute, and every business leader believes they have stumbled on the next big thing. However, the Association of Business Executives has stated that approximately 660,000 new companies are registered in the UK every year, of these, 20% will not make it past their first year, rising to almost 60% within three years.

Black woman-owned and led, Discussion Box founded by Lisa Carter, helps global brands bring together high-level stakeholders for conversations that change history.

Companies tackling the world’s biggest environmental and social issues deserve recognition, but currently they receive less than 1% of all available funding [1].

Foundy, one of Europe’s fastest-growing startup acquisition marketplaces, has announced a £1.25m round led by Fuel Ventures, as it aims to capitalise on the strong market demand from startups interested in full and secondary buyouts or fundraising.

UK entrepreneurs are being encouraged to share pictures and videos of the realities they face as business owners, to raise awareness of the true experiences of running a small business.

On-demand vinyl platform, elasticStage, has announced the latest closing of its seed round which has now raised £3.5m in total for the British tech startup.

Tovie AI, a conversational commerce company based in the UK, predicts the interactive and personalised shopping experience is the new demand in the post-pandemic retail world.

Constructive Bio announces its launch as a new UK-based biotechnology company following the completion of a $15m seed round and an exclusive license from the Medical Research Council (MRC), to IP developed by Professor Jason Chin’s Laboratory (Chin Lab) at the MRC Laboratory of Molecular Biology (MRC-LMB).

Aerospace Xelerated has announced that its call for applications is open.