News
TradeCore, a London-based FinTech startup, has raised $3m (£2.21m) in a Seed round led by South Central Ventures, a €40m fund targeting tech startups.
The firm describes itself as an “AWS for FinTech”, as it provides customers with the necessary developing tools.
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InsurTech startup Anorak has received £4m in a bid to make life insurance more accessible to UK consumers.
The London-based company raised from Kamet Ventures, a €100m incubator funded by French insurance giant AXA.
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Electron, a London, UK-based energy technology company, received an early-stage bridging round investment from Tokyo Electric Power Company Holdings, Inc.
Led by Paul Ellis, CEO, Electron is a technology company leveraging blockchain technology to design new platforms and services for a decarbonising, digitising, decentralising and democratising energy sector.
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Forbes has released their 30 under 30 for retail and ecommerce, click here to read the line up.
The first clue that there’s something unusual about Amazon’s store of the future hits you right at the front door. It feels as if you are entering a subway station. A row of gates guard the entrance to the store, known as Amazon Go, allowing in only people with the store’s smartphone app.
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Oval Money, a London, UK-based startup that is building an automated saving and crowd investing marketplace app, raised £594,900 from approx. 650 investors.
The round, which exceeded its crowdfunding target of £500k, on Thursday, 18 January, remains open to the public untile Monday, 29 January. Have a look at the Crowdcube campaign here.
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Ecommerce firm E Fundamentals has closed a £2.5m Series A.
The company, which is headquartered in London but also has a presence in Edinburgh, raised from Downing-managed VCTs and Downing Ventures EIS.
E Fundamentals’ existing shareholders also participated in the round, which brings the company’s total raised to date to £5m.
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YNAP’s chief executive Federico Marchetti said he was receptive to the bid and YNAP has waived a clause in its shareholder documents, which would have prevented Richemont and all its affiliates from purchasing any more shares in the company. Richemont said it plans to continue to operate YNAP as a separate company.
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Cambridge-based agricultural technology firm KisanHub has raised £1.75m in pre-Series A funding.
The crop intelligence platform’s round was led by Notion Capital and IQ Capital.
KisanHub will use the cash to continue developing its proprietary technology, which leverages big data and machine learning to help producers and suppliers within the agricultural industry make decisions.
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More Affluent Consumers have purchased something on their mobiles (59%) than their computer (56%) in the last month. There are regional differences though: m-commerce has made the most headway in APAC, whereas those in Europe remain wedded to their computers. That said, no device is used in insolation in any region, highlighting the importance of a multi-device marketing strategy.
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