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 […]
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
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
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
UK-based startup Loliware has raised $6 million in its latest pre-series A funding round, bringing the total amount raised by the company to $15.4 million. The startup focuses on using seaweed-derived, regenerative resins to create sustainable packaging alternatives to single-use plastics. Its patented SEA (Seaweed-derived, Emission-avoiding, Alternatives to Plastic) technology enables existing manufacturing plastic extruding
HowNow, a UK-based edtech startup, has raised €4.6 million ($5 million) in funding from Mercia Asset Management and Pearson to further develop its learning and experience platform, which aims to provide a more engaging and collaborative approach to workplace coaching that is suitable for the modern world. The company has doubled its revenue since its
HowNow Raises €4.6 Million in Funding to Revolutionize Employee Learning and Development Read More »
UK-based sustainable packaging startup Kelpi has raised more than £3M in a seed funding round led by Science Creates Ventures and Green Angel Syndicate. One Planet Capital, Bristol Private Equity Club (BPEC), and private angel investors also participated in the round, along with a £665K grant funding from Innovate UK’s Combined Investor Partnership. The company
Kelpi raises over £3M in seed funding to scale its seaweed-based bioplastic packaging Read More »
Greenspark, a London-based climate-tech startup, has raised £1M in seed funding to scale its Impact-as-a-Service platform focused on helping companies integrate environmental impact throughout their operations. The round was led by Fuel Ventures and saw participation from several other investors, including Pitchdrive, 1818 Venture Capital, and Great Stuff Ventures. Greenspark’s platform allows online businesses to
Healistic, a HealthTech mobile app, has secured £1M in pre-seed funding from leading international investors. The app offers a first-of-its-kind healthcare super-app that connects healthcare and insurance providers to end-users via dynamic digital solutions. The app’s initial offering provides medicine and personal care product home delivery, from medication and supplements to cosmetics and personal care,
Healistic Raises £1M in Pre-Seed Funding to Revolutionize Healthcare Delivery in the UK Read More »
Sustainable cloth startups are gaining traction as consumers become more aware of the negative environmental impact of the fast fashion industry. These startups use eco-friendly materials and production methods to create clothing, providing a sustainable alternative to the traditional fast fashion model. One such startup is Clothes Doctor, an eco-friendly clothing care business based in
London-based Clothes Doctor Raises £1M to Fuel Sustainable Clothing Care Business Growth Read More »
