United Kingdom

UK chips in $44M for a piece of Europe’s $1.4B pot for semiconductors

The U.K. has exited the European Union, but semiconductor development is emerging as one of the areas where it hopes to partner for better economies of scale — and much-needed funding. Today, th

‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license

Founded by former Silicon Valley engineers, UK-based Griffin Bank, has now raised $24 million (£19 million) in a fresh, extended Series A, funding round.

Monzo, the UK challenger bank with 9 million customers, raises $430 million

London-based fintech company Monzo raised a late-stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Following this round, the compa

Taiko raises $37M to build web3 infrastructure for a censorship-free internet

Amid the speculation and volatility in the casino-like crypto land, there remains a subset of individuals who espouse blockchain’s potential to decentralize various aspects of human activities f

MWC: Swayy app lets you share your future location with close friends, or groups you curate

Given that this week Instagram revealed that it was developing a “Friend Map” feature, it was interesting and timely to run into a startup during Mobile World Congress that plans to go beyond even

Samphire Neuroscience is building a brain stimulating wearable for period pain

It’s a horrible truth that many women simply endure period pain every month — perhaps relying on painkillers or a hot water bottle to relieve stomach cramps. For others, menstrual pain can

UK utility giant Southern Water says hackers stole personal data of hundreds of thousands of customers

U.K.-based water utility Southern Water has confirmed that hackers stole the personal data of as many as 470,000 customers in a recent data breach. Southern Water, which provides water and wastewater

UK AI startup Greyparrot bags strategic tie-up with recycling giant Bollegraaf

In another sign of the scramble to accelerate the uptake and transformative potential of artificial intelligence, Dutch recycling giant Bollegraaf Group is making a strategic investment in U.K. AI st

UK gov’t touts $100M+ plan to fire up ‘responsible’ AI R&D

The U.K. government is finally publishing its response to an AI regulation consultation it kicked off last March, when it put out a white paper setting out a preference for relying on existing laws an

The demands of regulated industries helped this startup raise $8M for its conversational AI approach

As conversational AI begins to take over the world, chatbots are being given a new lease on life. However, there are clear hazards on the road ahead. Parcel delivery giant DPD recently had to disable

UK’s digital markets regulator gives flavor of rebooted rules coming for Big Tech

The U.K.’s competition authority has fleshed out new details of how it plans to wield long anticipated powers, incoming under a reform bill that’s still in front of parliament, to proactiv

Tack One launches an improved version of its location tracker for children and seniors

Tack One, a Singapore-based startup, wants to help make sure your kids, elderly parents and pets are safe with AI-powered location technology. Today, the company unveiled its new generation of GPS de

Here’s how HSBC’s international payments app Zing compares to Wise and Revolut

HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut. Bloomberg wrote that the app was

Black British founders are down but not out

Black people make up 2.5% of the U.K.’s population; proper representation in venture would mean at least 2.5% of funds going to Black-led businesses.

Regulatory approval for this subscription solar UK startup could mean more are to come

With the U.K.’s Financial Conduct Authority (FCA) authorizing what’s believed to be the first time a company can provide solar panels and batteries on a subscription model — without subscribers

UK age assurance guidance for porn sites gives thumbs up to AI age checks, digital ID wallets and more

The U.K.’s Internet regulator has set out draft guidance for how porn sites will need to meet a newly introduced hard legal requirement to prevent children accessing adult content. So, yep, thos

Robinhood brings its stock-trading platform to the UK, its first international market

We knew it was coming, but stock-trading platform Robinhood is finally open for business in the U.K. — its first international market since debuting in the U.S. more than a decade ago. Robinhood

Cyberattack on legal tech provider causing widespread disruption to UK law firms

CTS, a U.K.-based provider of managed IT services for law firms and the professional services industry, is experiencing a cybersecurity incident that is causing ongoing widespread disruption across th

DoorFeed raises another €7M for its platform allowing large-scale investors to hoover up family homes

Institutional real estate investors have historically struggled to buy up tons of family homes (the so-called “Single Family rental sector”) so they can turn us all into rental slaves and

Uber-for-parcels startup Relay raises $10M seed round to scale in the UK

Incumbents in the parcel deliveries space usually have fixed daily routes from suburban depots. But since most parcels are fairly lightweight, this is a bit of a hammer to crack a nut. So it makes sen
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