Wealth app Chip raises £17m as Channel 4 backs TV push Media Channel 4 Ventures has invested in UK wealth app Chip as part of a £17m funding round, marking the company’s first institutional backing and funding a major TV advertising campaign, City AM can reveal. The round values Chip at £208m and combines £6m of media-for-equity from Channel 4 Ventures, with £11m raised from more than 9,000 retail investors [...]
Runware raises $50M to accelerate AI media generation London-based startup Runware has raised $50m in a Series A round led by Dawn Capital, as companies rush to leverage potential productivity gains from AI-powered image, video, and audio tools. Other investors included Speedinvest, Comcast Ventures, and existing backers like Insight Partners, a16z Speedrun, Zero Prime Ventures, and Begin Capital. Founded in 2023 by Flaviu [...]
Legora CEO: Troubled Robin AI ‘had two parallel business models’ Legal The boss of legal tech firm Legora says troubled Robin AI had ‘two parallel business models’. Last month, City AM revealed London-based legal firm Robin AI was put up for sale on an insolvency marketplace after fundraising ambitions fell short. In the same month, it was hit with a winding-up petition by HMRC. The legal [...]
London AI startup Lupa raises $20m to modernise vet clinics October 2, 2025 Lupa, a London-based startup building modern software for veterinary clinics, has raised $20m (£16.5m) in a Series A round led by European VC Singular, just five months after securing $4m in seed funding. The software firm, founded in 2023, says it is tackling one of the most overlooked corners of healthcare: the $350bn global veterinary [...]
Thought Machine lands £45m funding round after losses widen October 2, 2025 Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City AM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
Zilo lands £20m funding round as it eyes global expansion September 23, 2025 Zilo has secured £20m in fresh funding as the London fintech gears up for the next phase in its expansion, City AM can reveal. The Canary Wharf-based business, founded in 2020, said its Series A extension round was led by Toronto-based investor Portage Ventures alongside US bank State Street and existing shareholders and management. Zilo [...]
Databricks rides AI boom to $100bn after new funding August 20, 2025 Analytics platform Databricks has sealed a fresh funding round that is set to catapult its valuation over $100bn. The data and AI heavyweight has signed a term sheet for Series K Funding – a type of advanced, late-stage financing – which is expected to close shortly. Whilst details of the raise have not been disclosed [...]
Flexjet: Private jet giant valued at $4bn after mega funding round July 21, 2025 Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
Harry Kane-backed Reflo partners Forest Green Rovers ahead of funding round May 13, 2025 British sustainable sportswear brand Reflo will today partner with football club Forest Green Rovers ahead of a multi-million pound funding round. Reflo – which boasts deals with Harry Kane, Luton Town and three Formula E teams – will partner with the Dale Vince-owned National League play-off team on a four-year deal that will see kits [...]
Exclusive: Forest, Chelsea and Inter players join £1.1m boot firm Sokito’s funding round December 11, 2024 Players from clubs such as Nottingham Forest, Chelsea and Inter Milan have joined a £1.1m funding round for eco-friendly football boot firm Sokito. A total of 60 players, 44 of whom are new investors, have joined the roster of investors from leagues including the Premier League, MLS and the Bundesliga. Chelsea’s Trevoh Chalobah is on [...]