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This Week in London Startups - Issue #29, 30th November 2021

This Week in London Startups - Issue #29, 30th November 2021
By London Startup Club • Issue #29 • View online
This morning’s biggest news is that Jack Dorsey, founder and CEO of Twitter is stepping down effective immediately. And keeping true to Twitter he shared it in the tweet below (worth a read).
Whilst his tenure as CEO has been at times news-worthy, including when he barred Donald Trump’s Twitter account after the Jan 6 attack on the Capitol, there is no doubt the impact he has made as a founder. He also attracted some investor dissent as he served both at Square and Twitter simultaneously (both public companies).
In his letter, he raises the apparent importance of companies being founder-led. Whilst, personally, I do believe it’s important for companies to be founder-led I do agree there comes a time when the company needs to be independent and the founders may not be the best people to take it forward.
Taking his place will be the CTO, Parag Agrawal who you can read more about here
Haris Qureshi, Editor & Founder @ London Startup Club

not sure anyone has heard but,

I resigned from Twitter
Community Member - Fundraising Opportunity
If you’ve been with from the early days when Clubhouse was still a thing (maybe it still is? If so, let me know) we interviewed Paula Alcalde and learned about her journey as a founder.
It’s great to see her company GreenBay is now going through their first fundraise!
GreenBay makes it easy and convenient for people to discover plant-based products that are positively impacting the planet, helping consumers reduce their environmental impact from food by 73%. 
Since January 2020 they’ve seen 350% growth. This has helped them secure investors from Google, Barclays, Credit Karma, and Rokt amongst others. See more details here.
If you’re interested in participating in the round or would like to learn more, please let me know!
Top News
  • UK impact tech startups raise $2bn in 2021, combined value hits $50bn, more here
  • Clearview AI told to stop processing UK data as ICO warns of possible fine, more here
  • Facebook whistleblower Frances Haugen will talk Section 230 reform with Congress this week, more here
  • Airbus Ventures backs quantum startup to help them mine the moon, more here
  • The Father of Web3 Wants You to Trust Less, more here
  • SoftBank-backed Gopuff facing staff exits after UK acquisition, more here
  • Partech raises $750 million growth fund, more here
  • Speedy grocery Getir buys UK competitor Weezy, more here
UK Funding Rounds
  • VC investment management platform Vauban raises £4.7m, more here
  • Natter raises $1m to bring watercooler chats to the remote workplace, more here
  • Proptech SearchLand raises £200k to put ‘data in the hands of developers’, more here
  • Dent Reality raises £2.5m funding for retail augmented reality platform, more here
  • Feast It raises €5m as investors back return to in-person events, more here
  • Royalty management software startup Synchtank scoops £4.3m, more here
  • Soveren launches from stealth with $6.5M seed funding to automate GDPR compliance, more here
  • Edge Investments raises £85m to invest in UK creative economy startups, more here
  • Used car marketplace Motorway hits unicorn status after £142m raise, more here
  • Cloud banking fintech Thought Machine enters unicorn club in $200m raise, more here
International Highlights
  • Andreessen Horowitz powers €20m raise for MMO game studio Mainframe, more here
  • Two-year-old audio platform Podimo raises $78m from London VCs, more here
  • Jump brings stability to freelancers by giving French permanent contracts, more here
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