London-based medtech Doccla grabs £2.4M funding for at-home virtual wards to support NHS


The COVID-19 pandemic caused a heavy influx of patients in hospitals worldwide, and most countries struggled to keep up. News of equipment and bed shortages were expected, but the London based medtech startup Doccla was using its tech to help people of the UK get hospital beds. Basically, the startup sets up virtual wards at home for patients who require monitoring but don’t need to be kept in the hospital. It has now raised £2.4 million in its seed round. 

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As UK Gov reaches out to tech, investors threaten to ‘pull capital’ over M&A regulator over-reach

Rishi Sunak in a meeting

As the UK’s Chancellor of the Exchequer engaged with the tech industry at a ‘Chatham House’ style event today, the Coalition for a Digital Economy (Coadec) think-tank released a survey of over 50 key investors which found startup investors are prepared to pull capital over the prospect of the Competition and Markets Authority’s (CMA) new Digital Markets Unit (DMU) becoming a “whole-economy regulator by accident”. Investors are concerned after the CMA recommended the DMU be given ‘expanded powers’ regarding its investigations of M&A deals.

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AI-driven voice assistant PolyAI raises $14M round led by Khosla Ventures


“Conversational AI” startup PolyAI, based out of London, has raised $14 million in a funding round led by Silicon Valley’s Khosla Ventures, with participation from existing investors (Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital and Entrepreneur First). This follows their $12m Series A, and will provide resources for further US expansion beyond its existing US team. The startup has now raised $28m to date.

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Olsam raises $165M to buy up and scale consumer and B2B Amazon Marketplace sellers


On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. Olsam, a roll-up play that is buying up both consumer and B2B merchants selling on Amazon by way of Amazon’s FBA fulfillment program, has closed $165 million — a combination of equity and debt that it will be using to fuel its M&A strategy, as well as continue building out its tech platform and to hire more talent.

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UK-based Heroes raises $200M to buy up more Amazon merchants for its roll-up play


Heroes, one of the new wave of startups aiming to build big e-commerce businesses by buying up smaller third-party merchants on Amazon’s Marketplace, has raised another big round of funding to double down on that strategy. The London startup has picked up $200 million, money that it will mainly be using to snap up more merchants.

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London healthtech Abtrace that redefines treatment of long-term ailments raises £2.1M funding


A healthtech startup founded by a NHS doctor in London, Abtrace uses machine learning to learn from patients’ health records and suggests tests proactively. This startup just secured £2.1 seed million funding to transform how GPs detect and treat long-term health conditions.

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un:hurd, a London-based AI powered digital platform secures £250K to help independent music artists and record labels


Independent artists struggle to breakthrough in an industry dominated by major record labels. However, Un:hurd, a London-based digital platform, is set to change this. The company will level the playing field, giving independent artists the level of music and marketing promotion that major labels provide their artists.

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London-based Semeris scoops £600K to speed up legal documentation


One of the biggest challenges for legal professionals is coping up with high volumes of routine and cumbersome legal work. Attempting to solve this problem is London-based legal AI startup, Semeris. Designed to help financial services companies review, analyse and summarise legal documentation, the company aims to deliver ‘superhuman powers’ for anyone interacting with complex legal documents.

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OneWeb picks $300M as race for broader internet heats up


In the latest development, South Korean conglomerate Hanwha Systems Co. has decided to invest $300 million (approx​ £216 million) in OneWeb, a London-based Low Earth Orbit (LEO) satellite communications company. The investment brings OneWeb’s total equity funding to $2.7 billion (approx​ £1.94 billion) with no debt issuance. This financing round comes 8 months after securing £293 million from SoftBank Group Corp. and Hughes Network Systems LLC. 

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London-based Connectd completes $1M seed to develop matchmaking platform for founders


Connectd, a platform that brings together founders and potential investors to help maximise the chances of success without relying on connections, has announced the completion of a $1 million seed funding round. The investment was led by Nigel Wray, the owner of Saracens, who has previously invested in Nutmeg and Domino’s Pizza. He was joined by LiFE Ventures, Yobi Partners’ Toni Nijm and ABC Investors’ Steve Castle. Connectd plans to use the funding to expand their team and reach, supporting even more founders to build their businesses. 

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Blossom Capital lures Alex Lim from Silicon Valley to join the European tech boom

Alex Lim

Alex Lim, a British-born VC based in the Bay Area who invested in Hopin, UiPath, Discord, and many other unicorns has decided to up sticks and leave Sand Hill Road behind for Blossom Capital in London. Blossom is fast making a name for itself both in Europe and internationally, having invested in breakout hits like Tines, Duffel, and

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Untitled Ventures joins the scramble for Russian & Eastern European startups with a $118M warchest

Untitled Ventures

Sorry Mr. Putin, but there’s a race on for Russian and Eastern European founders. And right now, those awful capitalists in the corrupt West are starting to out-gun the opposition! But seriously… only the other day a $100 million fund aimed at Russian speaking entrepreneurs appeared, and others are proliferating.

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Skymind targets the UK with its $800M AI investment fund


Skymind, which bills itself as the world’s first dedicated AI ecosystem builder, is focusing on the UK with its $800 million AI investment fund. Although the fund is global, the restrictions of the Covid-19 pandemic meant that much of the focus was geographically near the Malaysian base of its leadership team. However, having announced their first investments earlier this year, they are looking at the UK for their future investments and the future of AI. 

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London VC The Untitled Ventures raises €100M to invest in Eastern European tech startups

London-based early-growth VC, The Untitled Ventures has raised €100 million (around £85M) for their latest fund, which will focus on Eastern European breakthrough tech startups — especially those looking to relocate to Western Europe and the UK. The fund aims to help promising startups, that might have innovative and world-changing products but struggle to get investment because of their location. 

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Diversifying tech: London-based Robin AI secures £1.75M funding to fuel AI-powered contracts

Robin AI

As technology evolves, it is aimed to be used for bettering our lives while making difficult tasks easier. Similarly, in the legal domain, there are multiple grinding or repetitive tasks that are time-consuming and take away from important matters. In order to mitigate this, London-based startup Robin AI offers a solution that is said to automatically reviewing such legal documents. The startup has now secured a £1.75 million investment as well. 

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Frontier launches with $2.8M round by NFX, to let low-skilled job candidates book their own interview


Frontier, which bills itself as a “new kind of vertically-integrated jobs marketplace” launches today with a $2.8M investment round led by NFX in the US, and backed by London’s firstminute Capital, FJ Labs, Cyan Banister, Ilkka Pannanen, Alex Bouaziz, Liquid 2 and several other funds and angels.

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UK biotech startup Kuano lands £1M for AI-driven drug discovery

Kuano AI

With artificial intelligence (AI) geared up to transform the pharmaceutical industry, a growing number of biotech and pharma startups are harnessing cutting-edge AI technology for drug discovery and drug remodelling.  To shift the COVID-19 tide and get things back to normal, the sector has become a hotbed for growing investments. Investors have been increasingly optimistic about the promise of AI in drug discovery and pouring more money into AI-driven biotech startups. 

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Noname Security closes $60M Series B to eliminate API flaws


Enterprise API security startup Noname Security has raised a $60 million Series B funding round, just six months after closing $25 million at Series A. The round was led by Insight Partners with Next47, Forgepoint, and The Syndicate Group (TSG) also participating, and brings Noname’s total funding to $85 million since emerging from stealth in December 2020.

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