News
Oviva, a London and Zurich based digital health company has raised $12m in Series A funding. Eight Roads Ventures invested alongside sister fund, F-Prime Capital Partners, Albion Capital, Partech Ventures and Walking Ventures.
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Nutmeg has today become the UK's first online wealth manager to reach more than £1bn in assets under management, after doubling its number of customers to 48,700 in the last 12 months.
Year-on-year, the business's assets under management have ballooned by 93 per cent, trampling over the sector's average increase of 17 per cent over the same period.
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Chinese AI-powered robot Xiaoyi took the country's medical licensing examinations and passed, according to local reports. Xiaoyi is just one example of how much China is keen on using AI to make a number of industries more efficient.
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Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, is assembling quite an array of backers, many with a U.S. bent.
It’s most recent round, which gave the startup a £280 million post-money valuation, saw the likes of Goodwater Capital, Stripe, and Michael Moritz invest, and before that Thrive Capital became a backer. Now TechCrunch has learned that we can add Instagram co-founder Kevin Systrom to the list of U.S. investors.
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The vast majority (84%) of UK entrepreneurs are looking to raise up to £10m each next year.
That’s according to a new report by EY, which also found that 72% of those surveyed want to raise up to £5m.
The EY Fast Growth Tracker interviewed 371 business owners about their fundraising and exit plans. The report found that funding continues to be the biggest hurdle for UK business success, with half of respondents saying it was the largest constraint to their growth.
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Shoppable recipes have become a key marketing strategy for AmazonFresh. In addition to its Allrecipes partnerships, last month Amazon partnered with Fexy Media, owner of Serious Eats and other food culture and recipe sites, to add buying and delivery through Prime Now. Then just this morning, recipe site EatLove, which develops weekly meal plans and recipes around consumer preferences and dietary restrictions, announced that it has inked a similar deal with AmazonFresh.
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Airbnb has long strived to make travel easier, letting you stay in local spare rooms and apartments on the cheap.
However the booking service hasn’t always treated everyone kindly, and in recent years has had to confront prejudice on the platform around race, sexuality – and disability bias. But Airbnb has just bought disability-friendly travel site Accombale.
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I caught up with Anthony Rose, co-founder of SeedLegals, winner of ‘Best in FinTech‘ at UKTN‘s hotly contested Elevator Pitch LIVE 2017.
Fundraising platform SeedLegals,currently employs 10 people and raised £1m to date from investors including Seedcamp, Fieldfisher, Harry Briggs and Will Neale.
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Deliveroo has raised an additional $98m as part of a Series F round first announced in September.
The on-demand delivery startup made headlines a couple of months ago when it disclosed that it had raised a £285m ($385m) from investors including Fidelity and T Rowe Price.
Other investors who participated in the round include DST Global, General Catalyst, Index Ventures and Accel Partners.
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Marks & Spencer has been usurped by online rival Asos in what has been described as the high street’s “Tesla moment” as old retailing stalwarts get overtaken by new online rivals.
The 17-year-old fashion website has been biting at M&S’s heels for several months but on Friday its shares gained 2%, boosting its market value to £4.89bn, making it a more valuable business than the 133-year-old high street giant, now worth £4.88bn, according to Reuters data revealing the number of shares in issue.
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