Percent, the fintech innovator with the mission to put good into everyday financial transactions, has closed a $5M venture round led by Morpheus Ventures. 

The AI Accelerator is back! Applications are open until 8th of August so there’s still time to apply. Based at the University of Edinburgh’s world-leading innovation hub - the Bayes Centre - the Accelerator gives data driven scaleups the opportunity to harness the power of AI and bring about transformative change. To reach a wider UK scaleup community, we are delivering the Accelerator in partnership with London-based community Scale Space and welcoming Nile’s strategic design support.

The FSE Group has been accredited as a lender under the Recovery Loan Scheme (RLS) in the London & The Midlands regions.

Calculus Capital and Foresight Group have successfully sold Mologic Limited, a world leading innovator in lateral flow and rapid diagnostic technologies, and founder of Global Access Diagnostics. Mologic’s co-founder and Chief Scientific Officer, Paul Davis, was the originator of the Clearblue pregnancy test, the world’s first commercial application of lateral flow technology.

New data released by Tech Nation, the UK’s tech scaleup experts, and Dealroom analyses the UK’s position on the global tech stage in comparison to the US and China. Analysis finds that the UK ranks third in the world for its number of tech businesses valued above $10bn.

Elestial Limited, an Oxfordshire-based start-up, has signed up to the national SPRINT business support programme to collaborate with the University of Surrey on a new project focused on orbital debris removal. SPRINT funding will enable Elestial to conduct a new feasibility study with Surrey Space Centre's STAR LAB to evaluate its orbital platform concept and assess design requirements for suitable deployment in various orbital applications.

A new technology platform designed to generate long term royalties for artists and venues will be launched this August by Kasabian drummer Ian Matthews and his long-time friend and tech entrepreneur Irfon Watkins. 

Edison Group has announced the appointment of Paul Miller as CTO and Kelly Perry as Head of ESG Client Services, 

Keensight Capital, one of the leading private equity managers dedicated to pan-European Growth Buyout1 investments, has entered into an agreement to sell, alongside the founder, its stake in ASTI, a leading global autonomous mobile robotics (AMR) manufacturer, to ABB.

Foresight Group LLP, an award-winning listed infrastructure and regional private equity investment manager, has sold Mologic Limited, a World leading innovator in lateral flow and rapid diagnostic technologies and founder of Global Access Diagnostics. Mologic’s co-founder and Chief Scientific Officer, Paul Davis, was the originator of the Clearblue pregnancy test, the world’s first commercial application of lateral flow technology.

GP Bullhound acted as exclusive financial advisor to Bliss Point Media on its sale to Tinuiti, a portfolio company of New Mountain Capital.  Bliss Point Media is the largest independent purchaser of streaming/OTT media in America, with over USD500 million in media currently under management. Bliss Point Media uses an algorithmic approach based on proprietary machine learning technology for unparalleled insight and efficiency in the media buying and attribution process. The company helps establish, optimise, and scale TV and streaming video advertising campaigns for innovative direct-to-consumer brands like Fabletics, Instacart, Square, Thumbtack, and Tonal.

Data self-sovereignty is fundamental to a company’s resilience and yet communication platforms, like Whatsapp and Signal, are not sufficient for organisations compliantly handling sensitive information on a daily basis. Worldr is building a new type of communications and messaging platform built around privacy, security and data protection in team communication without compromising usability. It has now announced a $3million seed investment from some of the biggest names in deep tech, defence and finance as it heads into public launch later this year.