In recent funding news, UK-based companies have secured significant amounts of capital in various sectors. Here are some of the latest developments:
- Arrival: Electric vehicle (EV) maker Arrival has raised $85 million in a Series B funding round led by BlackRock. The company plans to use atozmp3 the funds to expand its microfactory production facilities globally, develop new vehicle technologies, and enter new markets.
- Privitar: Data privacy software company Privitar has raised $80 million in a Series C funding round led by Warburg Pincus, with participation from Accel, Partech, IQ Capital, Salesforce Ventures, and ABN AMRO Ventures. Privitar plans to use the funds to expand its global presence and develop new products.
- Zego: UK insurtech Zego has raised $150 million in a Series C funding round led by DST Global, with participation from General Catalyst, Latitude, and others. The company plans to use the funds to expand its business across Europe and develop new insurance products.
- CMR Surgical: Medical technology company CMR Surgical has raised $600 million in a Series D funding round led by SoftBank Vision Fund 2, with participation toonily from existing investors. The company plans to use the funds to scale up the production of its surgical robotic system, Versius, and expand into new markets.
- Hopin: Virtual events platform Hopin has raised $400 million in a Series C funding round led by Andreessen Horowitz and General Catalyst, with participation from Coatue, DFJ Growth, GIC, and others. The company plans to use the funds to expand its product offerings and continue its global expansion.
- Cazoo: Online car retailer Cazoo has raised $311 million in a Series D funding round led by D1 Capital Partners and joined by General Catalyst, CNP (Groupe Frère), Mubadala Capital, and others. The company plans to use the masstamilanfree funds to expand its vehicle inventory, marketing, and infrastructure.
- Starling Bank: Digital bank Starling has raised £272 million ($375 million) in a Series D funding round led by Fidelity Investments, with participation from Qatar Investment Authority, Millennium Management, and others. The masstamilan company plans to use the funds to expand its lending products, including mortgages and personal loans.
- Infogrid: Smart building platform Infogrid has raised $15.5 million in a Series A funding round led by Northzone, with participation from JLL Spark and Concrete VC. The company plans to use the funds to expand its platform globally and develop new products.
These recent funding rounds demonstrate the strength of the UK’s technology sector and the appetite of investors for justprintcard innovative and fast-growing companies. The funds raised by these companies will enable them to scale up their operations, develop new products, and expand into new markets, ultimately driving economic growth and job creation.