UK Government Unleashes Taskforce to Support Women Entrepreneurs

The UK government has launched a taskforce to try and increase the number of women-led businesses across the nation. The ‘Taskforce on Women-Led High-Growth Enterprises’ is not limited to the tech sector, but it’s designed to “raise the aspirations of the next generation of female entrepreneurs, especially looking to encourage...

Chinese Takeover of Newport Wafer Fab Gets UK National Security Probe

The UK government has announced a full national security assessment of the acquisition of Newport Wafer Fab by Chinese-owned Nexperia. Business Secretary Kwasi Kwarteng says the government has powers under the National Security and Investment Act 2021 to scrutinise and – if necessary – intervene in qualifying acquisitions on national...

Inspiring Women in Tech: Interview with Nicole LeBlanc

This week’s interview is with a woman who has over nearly 15 years in the venture capital (VC) sector. Nicole LeBlanc, Partner at 2150, has backed 200+ companies, with an expertise in urbantech. 2150 has offices in London, Berlin and Copenhagen. The firm focuses on the full stack of the...

New Fintech Deals for Thought Machine, WealthKernel and TrueLayer

There are three separate fintech deals for London-based companies Thought Machine, WealthKernel and TrueLayer this week. Finance app M1 has selected Thought Machine’s cloud-native core banking engine, Vault Core, to build and launch new products. Female-first investment platform Alpher will use WealthKernel’s investment APIs as it gears up for its UK...

Paddle Pursues SaaS Supremacy with £160m ProfitWell Acquisition

Payment infrastructure player Paddle is propelling itself forwards with the acquisition of US subscription metrics software provider ProfitWell for $200 million (£160 million). Following its Series D financing of $200 million earlier this month, Paddle says the deal is in cash and equity, and will help it “remove the barriers...

Trade Body techUK Urges Greater Quantum Investment

Trade association techUK is advocating for the propagation and commercialisation of quantum technologies and industry across the nation. In its report 'Positioning the UK for success', techUK calls on the UK government and the technology industry to set "clear commercial ambitions together". Topics discussed in the report include the current quantum...

What’s Next for GDPR?

On 25 May 2018, the European Union introduced the General Data Protection Regulation (GDPR) to legislate data protection and privacy. The legislation enforced compliance through robust consent requirements, the ‘right to be forgotten’, and mandatory breach notifications, to name just a few.  Four years on and much has changed -...

For Your Data’s Sake: An Open Metaverse or a Data Silo?

Mark Zuckerberg’s announcement that Facebook was rebranding to Meta in October 2021 fast-tracked awareness of the metaverse worldwide. The fact that one of the biggest, most talked about companies in the world was committing its future to this nascent concept captivated public attention - birthing a growing interest into...

Tech Companies in Cheshire to Watch

Known for producing chemicals, silk and its own type of cheese, Cheshire is also a beneficiary of the tech boom taking place throughout the UK. From 2011 to 2020, 389 announced and 502 unannounced tech investment deals took place in the North West, according to a regional summary co-authored by...

TransferMate, Previse, Greyparrot and Foodsteps Snap Up Tech Funding

London dominates the action with TransferMate, Previse, Greyparrot and Foodsteps picking up tech funding. TransferMate, a provider of B2B payments Infrastructure as a Service, has announced a $70 million (£56 million) funding round bringing the company to a valuation of $1 billion (£800 million) and $130 million (£104 million) of...