London


London reinforcing its grip on being the ‘tech capital’ of Europe as record amount of start-up investment flows in

London reinforcing its grip on being the 'tech capital' of Europe as record amount of start-up investment flows in

More than £1.1billion was handed to technology startups from January to June
UK companies received more investment than Germany and France combined
London has received more than twice as much funding as German capital Berlin

By CHARLIE MOORE FOR THISISMONEY.CO.UK
PUBLISHED: 10:52 BST, 5 July 2017 | UPDATED: 11:01 BST, 5 July 2017

Post Brexit vote London has reinforced its [...]

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the U.K.’s largest venture capital deals.
The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest U.K. venture [...]

London AI startup LoopMe secures $10m

London AI startup LoopMe secures $10m

LoopMe, a London-based artificial intelligence (AI) startup, has secured $10m in a continuation of its Series A funding round.
The firm, which uses AI in brand advertising, received funds from Impulse VC, Harbert European Growth Capital Fund (HEGC) and existing investors Holzbrinck Ventures and Open Ocean Capital.
LoopMe’s AI technology learns how people react to advertising and changes their advertising experience [...]

Fintech startup OpenFin raises $15 million to unify financial desktop apps

Fintech startup OpenFin raises $15 million to unify financial desktop apps

New York and London based fintech startup OpenFin, which has developed the first common operating layer for financial desktop applications, has announced $15 million in Series B funding from some of the world’s leading fintech investors.
Participants in this round include Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, the Euclid Opportunities fund of NEX Group PLC [...]

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital

Online mortgage broker Habito has closed a £5.5m Series A funding round led by Silicon Valley-based investor Ribbit Capital.
The London-based firm, which raised £1.55m in April last year, also drew support from Mosaic Ventures.
According to a statement, the money will be used to accelerate growth and enhance its proprietary technology.

Daniel Hegarty, founder and CEO of Habito, [...]

Sequoia has backed PatSnap, another UK tech startup that’s focusing on China

Sequoia has backed PatSnap, another UK tech startup that's focusing on China

Sequoia, one of the most famous venture capital firms in the world, has made another rare investment in a UK tech startup.
The Silicon Valley VC firm — which backed Apple, Google, and Facebook in their early days — has led a funding round in a London-based cloud software company called PatSnap, which describes itself as an [...]

Map shows VCs invested €23.8bn in European start-ups since 2014

Map shows VCs invested €23.8bn in European start-ups since 2014

Mentorship-driven start-up accelerator TechStars has produced an investor map of Europe that counts 541 venture capitalists across the continent and some €23.8bn invested in European start-ups in the last two years.
The map, a valuable resource for any entrepreneur or investor, allows users to drill down into the number of venture capitalists who are active per city. [...]

Meet the five startups joining London’s newest corporate fintech lab

Meet the five startups joining London's newest corporate fintech lab

Five up-and-coming startups have been chosen by a London investment firm to join its newly created fintech lab.
The new cohort joining Octopus Labs’ 12 week programme include companies working on artificial intelligence powered financial news and financial management platforms aimed at investors and financial advisors.
The director of the accelerator run by Octopus Investments, the group [...]

What effect will fintech bridges have on London’s start-up market?

What effect will fintech bridges have on London’s start-up market?

What effect will fintech bridges have on London’s start-up market?
By Aamar Aslam
The FCA has created two ‘fintech bridges’ this year in order to reduce barriers to market entry and make it easier to share information about financial services innovations in each marketplace.
The FCA has created two ‘fintech bridges’ this year in order to reduce [...]

VC firms invest $200m in UK tech start-ups after Brexit vote

VC firms invest $200m in UK tech start-ups after Brexit vote

Global venture capital firms have made dozens of investments in Britain’s start-up technology companies in recent weeks, despite the UK voting to leave the EU, according to a new report out today.
Data collected this month by the investment database Pitchbook for London & Partners, the promotional body for the London Mayor’s office, shows UK tech [...]