Vivacity Labs, the London-based tech company using artificial intelligence to improve traffic insights and safety, has closed a £5 million Series A round led by Mobeus, with additional backing from Downing Ventures and London Co-Investment Fund. Vivacity Labs works with government, regional bodies and local councils to re-think and optimise the way traffic and transport […]
Orka Technology Group, a Manchester-based startup building digital solutions for shift workers, has raised £29 million and will use the capital to grow Orka Pay, a flexible wage product that launched last year. The fundraise was a mixture of debt financing from Sonovate and equity funding from the British Business Bank Future Fund and existing […]
Laundryheap, the world’s fastest growing on-demand laundry and dry cleaning platform, has announced a $3.5 million Series A round led by Sova VC, a new fund that just launched about three months ago. SidebySide Partnership also invested in the round. Founded in the UK in 2014, Laundryheap offers door-to-door laundry and dry cleaning services to […]
Mindtrace, a Manchester startup building AI software solutions for enterprise, has raised a $3 million investment led by Skylake Capital, with participation from Bloc Ventures and existing investor Mercia Asset Management. Founded in November 2017, Mindtrace’s mission is to deliver ‘brain-inspired’ AI solutions. CEO Hoon Chung says the company’s Brain-Sense™ technology stands out because it […]
TransferWise has just announced its rebranding to Wise, as the London-based company continues to scale around the world. Last year the company announced its fourth year of profitability, with a 70 percent rise in revenue and a fast-growing base in Asia Pacific. Originally launched in 2011 as a money transfer service for people, the company […]
Inxpect has raised over $20 million in a combined Series B funding, from lead investor Fondo Italiano d’Investimento with its tech growth fund FITEC, and other investors including 360 Capital and 8A+ of Banca Generali. The industrial robots market is set to pass $40 billion by 2024, and this includes Inxpect’s sector: collaborative robotics. The […]
Inflow, a London-based startup that’s creating a digital healthcare programme “for people with ADHD, by people with ADHD”, has raised $680,000 to pursue its mission of making neurodiverse healthcare more accessible. The startup says that ADHD is a hidden struggle that affects at least 5 percent of the general population — and over 50 percent […]
