February 2023

Bitwise Industries Raises $80M in Funding Round Led by Kapor Center and Motley Fool

Fundraising /

Bitwise Industries, a tech service provider that invests in tech real estate, runs apprentice programs for marginalized communities, and sells managed tech services, has raised $80 million in a funding round led by existing investors Kapor Center and Motley Fool, bringing its total funding to $180 million. The latest investment valued the tech hub creator […]

Bitwise Industries Raises $80M in Funding Round Led by Kapor Center and Motley Fool Read More »

Personalized Skincare Startup Skin + Me Raises £10M in Series B Funding to Revolutionize the Industry

Fundraising /

Skin + Me is a UK-based startup that provides personalized, prescription-based skincare solutions to address the problem of finding affordable, quality skincare products. Recently, the company secured £10M in Series B funding led by Octopus Ventures. Skin + Me aims to revolutionize the skincare industry by making medical-grade advice more accessible and boosting skin confidence

Personalized Skincare Startup Skin + Me Raises £10M in Series B Funding to Revolutionize the Industry Read More »

Generative AI Startup Colossyan Raises $5M in Series A Funding for Revolutionary Training Videos

Fundraising /

London-based startup Colossyan has raised $5m in a Series A funding round. The company uses generative AI to create training videos for businesses, replacing human presenters with computer-generated presenters. Colossyan has notable clients such as BMW, HP, and Procter & Gamble. The funds from the recent funding round will be used to enhance the product’s

Generative AI Startup Colossyan Raises $5M in Series A Funding for Revolutionary Training Videos Read More »

Flock’s telematics-based insurance raises £31.5m in Series B funding

Fundraising /

London-based insurtech startup, Flock, has raised £31.5m ($38m) in a Series B capital funding round led by Octopus Ventures and CommerzVentures. Flock provides real-time data to offer insurance to commercial motor fleets and uses telematics devices in vehicles to monitor driving behaviour, similar to its rival Zego. The company aims to reduce the number of

Flock’s telematics-based insurance raises £31.5m in Series B funding Read More »

Consumer App ZIPZERO Raises Over £1M in Seed Funding to Monetize Shopping Data and Combat Rising Costs

Fundraising /

ZIPZERO, a UK-based consumer app that allows users to monetize their shopping data, has raised more than £1m in seed funding from a pool of angel investors, including Craig Dewar, founder of Global Processing Services. The app has over 100,000 users in the UK and intends to use the funding to expand its platform, secure

Consumer App ZIPZERO Raises Over £1M in Seed Funding to Monetize Shopping Data and Combat Rising Costs Read More »

Carmoola Raises £103.5 Million in Series A Funding and Debt Facility to Revolutionize Car Finance Industry

Fundraising /

Carmoola, a British-Ukrainian car financing startup, has raised £103.5 million through a series A funding round and a new debt facility. The company secured £8.5 million from fintech investment fund QED Investors in its series A funding and a debt facility of up to £95 million from NatWest. Carmoola will use the funds to scale

Carmoola Raises £103.5 Million in Series A Funding and Debt Facility to Revolutionize Car Finance Industry Read More »

UK Quantum Computing Startup Quantum Motion Raises £42 Million in Funding Round Led by Bosch Ventures

Fundraising /

Quantum Motion, a UK-based quantum computing company, has raised £42 million ($50.5 million) in an equity funding round led by Bosch Ventures (RBVC), with participation from Porsche, the UK government’s National Security Strategic Investment Fund (NSSIF), and additional investors. Quantum computing, which builds on principles borrowed from quantum mechanics, has a focus on quantum bits

UK Quantum Computing Startup Quantum Motion Raises £42 Million in Funding Round Led by Bosch Ventures Read More »

London-based transport startup VivaCity raises £7m in funding to expand its AI traffic optimization platform to North America

Fundraising /

VivaCity, a transport technology startup based in London, has raised £7m in funding from existing investors Foresight Group and Gresham House Ventures, as well as new investor ENV. The startup, founded in 2015, uses AI sensors to gather data on transport modes, traffic flow, and travel patterns to provide insight into transport network planning. VivaCity

London-based transport startup VivaCity raises £7m in funding to expand its AI traffic optimization platform to North America Read More »

UK Startup YourBusinessNumber Raises Almost £1 Million in Seed Funding to Solve WhatsApp Business Pain Points

Fundraising /

Meta’s release of WhatsApp Business app (WAB) is creating a rival search engine to Google, keeping users within the app. WhatsApp is the most used chat app in the UK and has supplanted many other kinds of messaging due to its efficient use of data over even the thinnest of mobile networks. The WhatsApp Business

UK Startup YourBusinessNumber Raises Almost £1 Million in Seed Funding to Solve WhatsApp Business Pain Points Read More »

Oxford-based Lumai secures £1.1m grant for its revolutionary optical computing technology

Fundraising /

Lumai, a University of Oxford spinout, has been awarded a £1.1m grant from Innovate UK for its optical computing technology. The startup is developing “all-optical neural networks” that use light waves to perform computations for next-generation AI. Lumai plans to use the grant to produce optical computing processors and optical neural networks that do not

Oxford-based Lumai secures £1.1m grant for its revolutionary optical computing technology Read More »