London


London Luxury Travel Startup ‘Secret Escapes’ Raises $111M from Singapore’s Temasek & Co.

London Luxury Travel Startup ‘Secret Escapes’ Raises $111M from Singapore’s Temasek & Co.

Secret Escapes, the London based international online marketplace for affordable luxury travel deals, has closed a $111 million series D investment and debt facility. This significant equity round was led by Singapore headquartered Temasek. Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 10 offices internationally, Temasek owns a S$275 billion [...]

Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

Habito, a London startup that is bringing the entire mortgage process online, has raised £18.5 million in Series B funding. Atomico, the European VC firm founded by Skype’s Niklas Zennström, led the round, with participation from existing investors Ribbit Capital, Mosaic Ventures, and Revolutionary (Ad)Ventures. It brings the total raised by the U.K. company to [...]

The biggest UK startup investments in 2017 so far

The biggest UK startup investments in 2017 so far

WIRED takes a look at which UK startups have raised more than £10 million this year
Even as UK startups face an uncertain future post-Brexit, there are some that are doing particularly well. Data released by Dealroom.co earlier this year showed the country’s startups had raised £818 million in the first quarter of 2017 - a slight [...]

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. [...]