News
Duco, a London, UK-based data engineering technology company for the for financial services industry, completed a $28m investment round.
Backers included Insight Venture Partners, NEX Opportunities and Eight Roads Ventures and Cristóbal Conde, former CEO of SunGard.
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London-based venture capital firm DN Capital has raised €200 million (£175 million, $248 million) for its fourth investment fund, targeted at early-stage startups.
The fund is DN Capital's biggest to date, with money from a mix of institutional investors, family offices, and high net worth individuals. Europe's fund-of-funds, the European Investment Fund, has also invested.
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Trading statement for the four moths ended 31 December 2017.
To read the trading statement, click here.
Freeformers, a firm which seeks to digitally transform companies, has raised £1.2m from Impact Ventures UK.
The investment will be used to support the company’s expansion across the UK and abroad.
Set up by Gi Fernando MBE, Freeformers sets out to equip companies and individuals in a bid to prepare them to the changing world of work.
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InsurTech startup Anorak has received £4m in a bid to make life insurance more accessible to UK consumers.
The London-based company raised from Kamet Ventures, a €100m incubator funded by French insurance giant AXA.
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Electron, a London, UK-based energy technology company, received an early-stage bridging round investment from Tokyo Electric Power Company Holdings, Inc.
Led by Paul Ellis, CEO, Electron is a technology company leveraging blockchain technology to design new platforms and services for a decarbonising, digitising, decentralising and democratising energy sector.
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Forbes has released their 30 under 30 for retail and ecommerce, click here to read the line up.
The first clue that there’s something unusual about Amazon’s store of the future hits you right at the front door. It feels as if you are entering a subway station. A row of gates guard the entrance to the store, known as Amazon Go, allowing in only people with the store’s smartphone app.
To read more, click here.
Oval Money, a London, UK-based startup that is building an automated saving and crowd investing marketplace app, raised £594,900 from approx. 650 investors.
The round, which exceeded its crowdfunding target of £500k, on Thursday, 18 January, remains open to the public untile Monday, 29 January. Have a look at the Crowdcube campaign here.
To read more, click here.
Some 41% of UK consumers are suffering from digital fatigue, actively seeking time away from their smartphones and other Internet-enabled devices.
According to a new survey produced by EY, the figure increases for 18-25 year olds (45%) and 25-34 year olds (50%).
To read more, click here.