Mercedes-Benz acquires Oxford-based electric motor startup YASA

Oxford University spinout electric motor company YASA has been acquired by Mercedes-Benz. The announcement arrives in conjunction with the auto manufacturers’ intention to go all-electric by the end of the decade, with YASA’s technology playing a key role. The financial details of the deal were not disclosed, and no staffing or management changes are planned. […]

Visa makes another big bet on fintech, acquires UK’s Currencycloud

Cross-border payments infrastructure provider Currencycloud is being acquired by Visa in a deal that values the company at £700 million. The acquisition arrives just one month after Visa snapped up Swedish fintech Tink in a €1.8 billion deal. Currencycloud and Visa already have a standing partnership, and the acquisition will serve to formalise the relationship […]

Digital workplace for deskless workers YOOBIC raises $50 million

London-based, all-in-one digital workplace YOOBIC has closed a $50 million funding round. The platform is specifically focused on frontline (a.k.a deskless) workers, offering a mobile hub to help manage daily tasks, provide training, and enable communications between peers, supervisors, and HQ. The funding is expected to further fuel YOOBIC’s growth in the EMEA and North […]

Business financials management platform Soldo closes $180 million round led by Temasek

Not to be outdone by Paris-based Spendesk’s announcement this morning, across the channel, London’s pay and spend automation fintech Soldo has closed a $180 million Series C round. The startup provides businesses with real-time visibility and cost control of company expenditures. With the new funding, the company is expecting to accelerate international expansion, as well […]

Food distribution platform Collectiv Food raises £12 million

Looking to meet the needs of the cities of tomorrow, London-based sustainable food supply chain provider Collectiv Food has raised £12 million. The startup is taking on a centuries-old industry that’s been slow to innovate and is essentially cutting out the middleman, delivering direct from producers to kitchens. The influx of new capital will help […]

Tencent aims to acquire UK games developer Sumo Group for £919 million

Add another gaming acquisition to Tencent’s seemingly endless shopping spree, as the Chinese giant has announced its intentions to acquire Sheffield, England-based Sumo Group for £919 million. In November of 2019, Tencent bought an 8.75% minority stake in Sumo, and if approved by shareholders, would see complete ownership transfer to the Shenzhen-based company. London Stock […]