CMOtech UK - Technology news for CMOs & marketing decision-makers

Fundraising stories

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Pinewood lifts revenue as US dealership testing starts

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Pinewood boosts annual revenue and EBITDA as testing begins at Lithia's US dealerships, with cash rising and medium-term growth targets intact.
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Wasabi secures USD $250 million credit facility from Bain

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Wasabi lands USD $250 million Bain-led credit line to fund cloud storage expansion, AI-ready infrastructure and overseas growth.
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Newo appoints Jason Luo as Chief Executive Officer

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Newo names Jason Luo Chief Executive Officer after USD $25 million funding round as it targets small businesses missing inbound calls.
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Lua raises USD $5.8 million seed round led by Norrsken22

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London's Lua secures USD $5.8 million seed backing from Norrsken22 as it expands its platform for businesses to manage AI agents.
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British Business Bank backs Apposite with GBP £100m

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British Business Bank makes GBP £100 million first close commitment to Apposite Healthcare Growth I, aiming to fill the UK's life sciences scale-up gap.
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WealthAi names Pratim Das as Chief Technology Officer

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WealthAi hires ex-Microsoft and Amazon executive Pratim Das as Chief Technology Officer and names Harry Kyprianou Head of Product.
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US AI megadeals drive global VC to USD $331 billion

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US AI megadeals push global venture capital to a record USD $330.9 billion as OpenAI, Anthropic and xAI dominate first-quarter funding.
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Convelio secures Series C to expand New York storage

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Convelio wins Series C backing and a Phillips mandate as the fine art logistics group prepares a New York warehouse and AI-driven growth.
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Eka Ventures raises USD $107 million for second fund

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Eka Ventures secures USD $107 million for second fund as British Business Bank, Better Society Capital and others back UK early-stage impact bets.
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Qognetix named UK StartUp Awards finalist in Birmingham

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Birmingham deep-tech startup Qognetix makes UK StartUp Awards 2026 regional final while seeking GBP £725,000 to scale AI control platform.
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OpenAI raises USD $122 billion in record AI funding

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OpenAI secures USD $122 billion in funding as Amazon, Nvidia and SoftBank back a rapid expansion in compute, enterprise tools and product plans.
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OpenFX raises USD $94 million to speed cross-border payments

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OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.
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SC Ventures backs Keyrock in USD $1.1 billion round

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Keyrock lands new Series C funding from SC Ventures as it expands trading, liquidity and tokenised finance services for institutions.
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Hyperlayer adds Chan & O'Callaghan after GBP £30m raise

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Hyperlayer names Chief Operating Officer Louise Chan and investor Barry O'Callaghan to its board after a GBP £30 million fundraising drive.
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RobCo appoints Dennis Hauser as Chief Financial Officer

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RobCo taps Dennis Hauser as Chief Financial Officer to back US expansion after USD $100 million funding round and sharpen its RaaS push.
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Zalos raises USD $3.6 million for finance AI agents

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Zalos secures USD $3.6 million seed funding to build AI agents that automate complex finance workflows across legacy enterprise systems.
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AI drives hiring shift to senior devs at EU startups

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AI-native EU startups are shrinking dev teams and hiring seasoned engineers as AI generates most new code, Notion Capital research shows.
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Obin AI raises USD $7 million to power agentic finance

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Obin AI exits stealth with USD $7 million to build auditable AI agents for heavily regulated financial workflows and asset managers.
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VerbaFlo raises $7m to scale AI real estate platform

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VerbaFlo secures $7m seed funding led by Pi Labs to scale its multilingual AI platform for rental housing operators worldwide.
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Robinhood fund buys into Stripe, AI start-up ElevenLabs

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Robinhood Ventures Fund I adds Stripe and ElevenLabs stakes to give retail investors listed access to late-stage private tech firms.