Wireless Logic sells a minority stake to General Atlantic, valuing the IoT communications firm at £3.5bn—100 times its 2011 value. Former Vodafone CEO joins board.
Category: Get Funded
University of Hull launches Railwhere to drive innovation in rail freight efficiency
Railwhere, a new spinout from the University of Hull, will deploy award-winning technology to help the rail freight industry cut emissions, reduce costs, and operate more efficiently.
EIS investments fall sharply despite tax breaks, raising concerns over regional imbalance and complexity
EIS funding dropped 20% to £1.6bn in 2023–24 despite generous tax incentives, as investors grew cautious. SEIS funding rose 25%, driven by recent rule changes.
Fuel Ventures backs Community Wolf with £340k to scale WhatsApp-based public safety platform
Fuel Ventures leads £340k investment in South African startup Community Wolf, expanding its WhatsApp-based crime reporting platform to improve public safety globally.
Vinted triples profits to £80m as second-hand fashion boom fuels expansion
Vinted reported a pre-tax profit of £80m in 2024, nearly triple the previous year, as second-hand fashion sales surged and the platform expanded into electronics and luxury goods.
Solitaire.io launches Kickstarter campaign for “Mosh Idols Punk Rock playing cards” featuring XR Technology
Solitaire.io, the innovative online card game platform founded by Welsh creative entrepreneur Gaz Thomas, is launching a bold new physical product: Mosh Idols Punk Rock Playing Cards.
Zendo Energy raises £1.75M to help data centres decarbonise amid AI energy boom
British energy software startup Zendo Energy has raised £1.75 million in pre-seed funding to accelerate development of its AI-powered platform designed to help data centres reduce energy costs and carbon emissions, as the sector grapples with soaring demand from artificial intelligence and cloud computing.
Over £18M raised: How Crowdfunder and Sport England are shaping the future of community sports funding through matched crowdfunding
Crowdfunder and Sport England have raised over £18 million for grassroots sports through matched crowdfunding, marking a major shift in how community clubs secure vital funding.
Better Society Capital surpasses £1bn in investments tackling UK social challenges
Better Society Capital hits £1bn milestone in investments, using dormant bank funds to drive housing, youth, and health initiatives while attracting £3bn in private capital.
Men’s sexual health app faces £400k HMRC clawback as R&D tax crackdown bites
The founder of Mojo, a men’s sexual health and wellbeing app, has warned that HMRC’s aggressive crackdown on research and development (R&D) tax credits risks punishing genuine innovators, as his company battles a demand to repay more than £400,000.
Will Shu set for £172m payday as Deliveroo takeover looms
Deliveroo founder and chief executive Will Shu stands to gain more than £172 million if a proposed £2.7 billion takeover by US food delivery giant DoorDash goes ahead, despite the company’s shares still languishing far below their 2021 flotation price.
Made Smarter launches £1M fund to drive digital adoption in North West manufacturing
Made Smarter unveils a £1M funding round for SME manufacturers in the North West, offering grants and expert support to boost digital transformation and productivity.
Manychat secures $140m to scale AI-powered customer engagement across social platforms
Manychat raises $140 million in funding led by Summit Partners to expand globally and enhance its AI-driven customer engagement platform used by over a million businesses worldwide.
Fuel Ventures backs £3m investment in 51toCarbonZero to drive global expansion
Fuel Ventures leads £3 million investment in climate-tech firm 51toCarbonZero to expand its AI-driven platform and support international growth across the UK, Europe and the US.
Strava acquires UK running app Runna in multimillion-pound deal
Strava has acquired UK-based coaching app Runna in a multimillion-pound deal, delivering a major payday for its founders and boosting Strava’s fast-growing running community.
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