AI voice firm Elevenlabs hits $22bn valuation in fresh boost for UK tech Tech London-based ElevenLabs has hit a $22bn (£16bn) valuation after completing a $300m employee share sale, marking another sharp jump in value for one of Britain’s fastest-growing AI firms. The voice AI group’s valuation has doubled since its $11bn Series D in February, when it raised $500m, and is now more than 2,000 times the $9m [...]
Deliveroo takes on the high street in grocery push Tech Deliveroo customers will soon be able to shop from multiple shops in a single order and add restaurant items after checkout, City AM can reveal, as the Doordash-owned giant attempts to elbow in on the high street. The takeaway giant’s first new feature, called Bundles, allows users to order from up to three supermarket or [...]
Exclusive: Deliveroo software engineers hand coding to AI agents Tech Deliveroo software engineers are almost fully letting AI agents write their code, with one employee telling City AM they have barely coded manually for almost a year as the food delivery giant embraces ‘agentic’ workflows. The London-listed firm is among a growing number of tech firms rapidly evolving software engineering roles around AI, as developers [...]
Foreign buyers circle ‘undervalued’ UK firms March 4, 2026 Foreign buyers continued to circle “undervalued” UK firms in the final quarter of last year, new figures show, with the value of inward Mergers and Acquisitions (M&A) surging to its highest level in four years. The total value of deals in which foreign companies acquired UK firms rocketed to £27.4bn in the final quarter of [...]
Elliott turns the page on London’s IPO drought with Waterstones listing plan December 18, 2025 Elliott Management is preparing a multibillion-pound flotation of Waterstones and Barnes & Noble, with a listing expected next year and London edging out New York as the preferred venue. The US hedge fund has reportedly begun sounding out advisers ahead of a potential IPO, with banks likely to be appointed in early 2026. While no [...]
UK a ‘standout’ destination for deals despite economic uncertainty June 22, 2025 The UK remains a “standout” destination for dealmaking among European peers despite wider economic uncertainty, new data shows. Global law firm White & Case LLP’s M&A Explorer found the UK was the top destination for mergers and acquisitions in Europe in the first six months of the year. Some 1,207 transactions worth a total of $118.6bn [...]
BGF’s £3bn pledge offers hope amid concerns over UK competitiveness May 28, 2025 The Business Growth Fund (BGF) has unveiled a £3bn commitment to back British businesses over the next five years which includes £500m earmarked for early stage start-ups in deep tech and life sciences. The organisation, which is one of the UK’s most prominent equity investors, has made the announcement at a pivotal time for the [...]
London loses Europe tech crown to Paris May 21, 2025 Paris has overtaken London as Europe’s leading tech hub for the first time, reigniting concerns over the competitiveness of the UK’s biggest city for a vital sector. The French capital has been named as the only non-US city in the world’s top five global ecosystems, according to Dealroom’s 2025 global tech ecosystem index, overturning years [...]
Deliveroo’s sale reignites fear over UK’s tech exodus May 9, 2025 When London-headquartered Deliveroo announced in early May that it had agreed to be acquired by US delivery giant Doordash, it triggered more than just a major shakeup in the food tech sector. To many in the industry, it was a familiar story – yet another prominent British tech firm snapped up by an overseas buyer. [...]
Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]