Buzzfeed and Gousto investors back London media AI startup October 22, 2019 A London artificial intelligence (AI) startup has today closed a $25m (£19.2m) funding round to help businesses better track their competition. Signal AI’s series C round was led by Redline Ventures, and supported by the venture arm of publishing giant Hearst. Other investors included Gousto backer MMC Ventures, and GMG Ventures which counts the owner [...]
Insurtech Marshmallow reaches $1.25bn valuation and becomes UK’s second black-founded unicorn September 8, 2021 Digital car insurance provider Marshmallow has smashed the $1bn threshold after its latest Series B funding round, making it the second UK unicorn with founders of Black heritage. Marshmallow’s latest cash injection of $85m values the insurtech at over $1.25bn (£907m), joining the ranks of other recent UK unicorns Starling Bank, Gousto, Zepz and Zego. [...]
Gousto to create 700 jobs as recipe box firm turns to tech October 1, 2019 Recipe box specialist Gousto has revealed plans to create more than 700 jobs in the UK as it doubles down on its technology offering. Read more: Recipe box startup Gousto secures £30m funding The London-headquartered firm said most of the hires will be based in its tech team, with new positions created in data science, [...]
Coronavirus lockdowns turn UK’s Mindful Chef profitable June 15, 2021 The healthy recipe box service has been a pandemic winner, with locked-down customers driving sales up threefold to £53m last year. Mindful Chef today reported it is profitable for the first time, with 2020 sales figures up 230 per cent on 2019, buoyed by the pandemic shift to online food delivery. Customers for the Nestle [...]
Meal kits firm Dishpatch rustles up £10m in funding round June 13, 2021 A meal kits provider that offers dishes from top London restaurants including Ottolenghi has raised £10m in a fresh funding round. Dishpatch, which was founded during lockdown last year, secured the backing from Andreessen Horowitz and Local Globe. Entrepreneurs including Bloom & Wild boss Aron Gelbard, Trouva’s Mandeep Singh and Songkick co-founder Ian Hogarth also [...]
Recipe box company Gousto secures £30m funding July 15, 2019 Recipe box delivery company Gousto has secured £30m in a funding round led by London private equity firm Perwyn. Gousto will use the investment, which takes its total funds raised to more than £100m, to develop artificial intelligence technology. Read more: Gousto cooks up £18m funding and signs up body coach Joe Wickes The company [...]
London is home to 60 unicorns after record levels of investment last year March 16, 2021 London is now home to 60 companies with unicorn status as the capital cements itself as Europe’s hub for tech investment. Despite the challenges of the pandemic, six London-based companies secured valuations of over $1bn in 2020: Octopus Energy, Arrival, Kazoo, infobip, Gousto and Hopin. And it’s been a strong start to 2021 with an [...]
Retail therapy: How has the Covid-19 pandemic changed the way we shop? January 22, 2021 The lifestyle changes from Covid-19 were reflected in where people chose to spend their hard-earned cash in 2020, with local shops, fitness platforms and recipe boxes feeling the benefit of a year in the coronavirus pandemic.
UK tech jobs bounce back as investment hits record high December 29, 2020 UK tech job vacancies have bounced back strongly as Britain’s booming tech sector shrugged off the Covid-19 pandemic to attract record levels of investment. While job vacancies in the industry dropped sharply at the height of the crisis in July, they have since climbed 50 per cent and are now accumulating at a rate of [...]
The EIS-y hall of fame: Four companies that wouldn’t have existed without the Enterprise Investment Scheme February 26, 2020 While EIS and SEIS offer meaningful tax advantages to investors, it’s important to remember that their main function is to help kickstart new businesses and ventures. As the independent trade body for the EIS and SEIS industry, our core aim at the EIS Association is to help small and medium-sized enterprises obtain the funding that [...]