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This Week in London Startups - Issue #27, 9th November 2021

This Week in London Startups - Issue #27, 9th November 2021
By London Startup Club • Issue #27 • View online
We’ve seen a huge shift towards remote working with many companies making the permanent shift to remote work, and most new companies starting out as remote native.
Employees across the world are realising they don’t need to be in the office 5 days a week to get their work done and perform at a high level, and for companies it means huge amounts saved on physical real estate.
A lot of companies are also taking a hybrid approach, with some local office hubs where most people are based, but still hiring remotely as well. This is creating a ‘proximity bias’ which many UK workers are starting to worry about.
Perhaps you work for a London HQ company that is hiring remotely across the UK, and you’re based in Leeds. If leadership sits in London and your peers are going in a few times a week - could this hinder your career progression? Many UK workers think so.
It will be interesting to see with remote and hybrid working becoming the norm how companies will start to tackle proximity bias. A few fully remote startups I’ve spoken with this year have made intentional plans to not have too many employees in one city to counter this, or on the other hand making the pledge to never have a permanent office space and be a truly distributed workforce.

Haris Qureshi, Editor & Founder @ London Startup Club
Top News
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  • After acquiring Dija and Fancy, instant grocery startup Gopuff launches in the UK en route to European expansion, more here
  • Europe wants to police AI. Here’s how startups can prepare, more here
  • Onfido’s cofounders are quietly working on new startups — here’s the latest, more here
  • Dispatches from a London VC: The secret source for deals… dating apps, more here
  • Klarna’s €930m acquisition is a step towards ‘Google for shopping’, more here
  • Robinhood says millions of customer names and email addresses taken in data breach, more here
UK Funding Rounds
  • UK-based QuantuMDx bags £15M funding to develop its Q-POC device that transforms PCR testing, more here
  • London-based Lindus Health wants to enable next-gen healthcare; secures $5M funding to scaleup, more here
  • UK-based healthtech startup Forth raises £1.6M to launch innovative femtech product, more here
  • London-based on-demand laundry platform LaundryHeap commits £2.5M for e-bike fleet rollout, more here
  • UK e-commerce fulfilment startup Selazar grabs £20M to fund global expansion, more here
  • UK flying taxi startup Vertical Aerospace announces $205M in additional funding led by Mudrick Capital, more here
  • Sofant Technologies bags £6.2M, signs contract with European Space Agency, more here
  • British fintech Nimbla attracts £5.1M investment as embedded insurance takes off, more here
  • London’s Closed Loop Medicine that develops drug plus digital therapy closes £13M funding, more here
  • UK-based proptech Evo gulps £1M funding to make property management process transparent, more here
  • UK sleeptech SleepCogni that treats insomnia raises £1.4M to scale in US, more here
  • London VC Draper Esprit leads $17.5M Series A in hypertension health-tech startup Aktiia, more here
International Highlights
  • Amberscript, an AI speech recognition company eyes to expand in the UK with $10M funding, more here
  • Nauta Capital closes €190M funding in oversubscribed round, to invest in B2B software companies, more here
  • Motatos raises €24m to expand its discount food waste deliveries to new markets, more here
  • You.com lands $20M Series A to reimagine the search engine, more here
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