Software startup Ondato moves to London in post-Brexit boost - City A.M.
Software startup Ondato is establishing new headquarters in London, marking a show of confidence in the UK’s booming tech scene after Brexit. Ondato, which operates biometric authentication software, said it was “undeterred” by the UK’s departure from the EU and would use its new base in Canary Wharf to drive further expansion in Europe. Read more: UK and Turkey sign post-Brexit free trade deal The move comes after the company secured $2m (£1.5m) in seed capital from venture capital giant OTB Ventures and startup accelerator Startup Wise Guys. Ondato, which was founded in Lithuania in 2016, said it will also look to expand in France, Germany and Spain next year. Founder and chief executive Liudas Kanapienis told City A.M. that the move reflected continued confidence in the capital after the UK formally leaves the EU. “London was, is and will be the main financial centre in Europe,” he said. Adam Niewinski, managing partner at OTB Ventures, added that the capital was “still th