Google has announced the names of 40 UK black-led businesses that will receive a share of cash from its Black Founders Fund for 2022. The tech giant’s start-up arm, Google for Startups, launched the fund in 2021 to help tackle stark racial inequality in venture capital funding. A total of £3m – up from £1.5m last year – will be split between the businesses that have been selected. Each successful...
A Gloucestershire-headquartered cyber security firm has appointed a new finance director. Core to Cloud has hired Matt White, who has 10 years’ experience in services businesses, to help drive the firm’s UK and global growth. Mr White will support the board in streamlining the company’s current product and service portfolio and will be responsible for driving Core to Cloud’s expansion plans...
Belfast is set to host the island of Ireland’s first conference dedicated to cryptocurrencies, the metaverse and NFTs (non-fungible tokens). DeFi Conf 2022 is set to attract more than 200 international delegates from the worlds of wealth management, financial advice, private investment and technology entrepreneurship to hear from a raft of international speakers from financial institutions and...
Expanding cyber-security services firm Bridewell has invested in a new security operations centre (SOC) in South Wales. The project is the company’s largest investment to date and will provide rapid identification and response to threats – providing the Reading headquartered firm with a fivefold increase in capacity. The SOC forms part of Bridewell’s links with the Welsh cyber sector and...
A University of Bath spin-out has secured £1.1m to develop technology it believes could “revolutionise” the treatment of diabetes. Transdermal Diagnostics (TD) is working towards commercialising a wearable “smart-patch” which it says could be the first completely needle-free blood sugar monitor. The device is designed to use miniaturised biosensors to sample fluid bathing the living cells of skin...
A trio of Bristol graduates who developed an app to improve families’ wellbeing and happiness have crowdfunded £144,000. Famli was founded by University of the West of England (UWE) grads Benjamin Draper, 25, William Testeil, 25, and Luke Greenwood, 27, to encourage families to take care of their mental health. The app is focused on exercise, nutrition and wellness, and has more than 200...
hares in an identity verification specialist have surged after a possible takeover offer from a Chicago-based private equity firm was revealed. GTCR is considering submitting a formal offer for Chester-headquartered GB Group, whose customers include Volvo, HSBC, eBay, John Lewis and Asos. The company is listed on the London Stock Exchange, employs around 1,200 people and also works with Lego...
Tissue Regenix Group says it is well positioned for the second half of 2022, having increased revenue and narrowed losses. The regenerative medical specialists, whose patented decellularisation technology removes DNA and other cellular material from soft tissue so that it is not rejected by a patient’s body, told shareholders it had built revenue by 25% to £10.2m ($11.8) and reduced adjusted...
A Manchester-headquartered digital payments start-up that works with hotels giant IHG and Grosvenor Casinos has secured a £3m investment. wi-Q, which also has offices in London and the Middle East, has receiving the backing of investor Praetura Ventures to ‘enhance its product offering and expand its international footprint’. Founded in 2014, wi-Q provides mobile ordering and payment services to...
EE is rolling out enhanced superfast 5G speeds to 14 towns and cities across the UK, including London, Bristol, Cardiff, Leeds, Manchester and Liverpool. The mobile network operator is also adding another 14 towns and cities to its 5G network, including Southampton, Kidderminster and Bedford. EE is rolling out 5G 2100 MHz spectrum on sites that were previously used to provide 3G signals. The...