This week’s UK tech funding deals include autonomous driving software group Wayve, fashion re-selling platform The Little Loop and more. UKTN tracked £76.7m worth of UK tech investment this week (13 April to 17 April), a 45% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Wayve – ... Read more ›
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The UK’s launch of a £500m Sovereign AI fund is a necessary move to avoid reliance on US capital amid the volatile Trump administration, according to British AI founder. The government this week unveiled the fund, which will be state-operated but act as a kind of venture capital vehicle that will directly back UK-based AI ... Read more ›
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Nnamdi Emelifeonwu is the co-founder and chief executive of Definely, an automated tool for crafting and reviewing legal documents. In this week’s Founder in Five Q&A, Emelifeonwu discusses staying dedicated to your company’s mission instead of personal glory, why a good head of people is a great investment and his time building a pound shop in ... Read more ›
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The UK government has confirmed the first investment from its new flagship £500m Sovereign AI fund will go towards infrastructure startup Callosum. The fund, unveiled this week by the Department for Science, Innovation and Technology (DSIT), the fund was launched as a way for the government to directly support the sector and drive a culture ... Read more ›
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The UK government has announced plans to work with edtechs, AI labs and schools to develop new tools that could radically shift how students learn. Tech firms have been invited to participate in a government-led initiative to create AI systems that can support the learning of children, with the initial pilot intended to support up ... Read more ›
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The journey of quantum computing from a sci-fi-esque speculative technology to R&D intensive long-term play to clears signs of strong commercial opportunity has been nothing short of astounding. The public eye last year, in terms of technology at least, continued to be dominated by AI, but in many ways, the strides made in the quantum ... Read more ›
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The British Business Bank has agreed to make a £100m commitment to Apposite Healthcare Growth I, a fund investing to support the growth of health technology companies primarily in the UK. The news marks the bank’s largest fund commitment to date and its first to Apposite Capital, a specialist healthcare and life sciences investor. Apposite ... Read more ›
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Around £50m of public and private investment will be used to turn new technologies into practical tools for farmers, says farming minister Angela Eagle. The funding will deliver up to 12 innovative tools to farms, using technologies spanning from robotics to AI. It is hoped the innovations will help farmers produce more while cutting labour, ... Read more ›
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Spacetech investment group Seraphim Space has established its Global Space Futures Advisory Council to address key strategic, commercial and geopolitical opportunities and challenges facing the space sector. Bringing together leading space specialists from across the global space ecosystem, the council includes former astronauts, space entrepreneurs, senior investors and policy leaders with experience spanning commercial space, ... Read more ›
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The government’s Sovereign AI Unit, a £500m investment in UK AI to create jobs and drive economic growth, is set to be launched by technology secretary Liz Kendall today. Sovereign AI is designed to drive enterprise and innovation, and support AI companies to scale, compete and win on the global stage. The unit will act ... Read more ›
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London-based AI group Wayve has added $60m (£44m) of new funding from chip giants months after securing a $1.2bn investment. The autonomous driving software developer is working towards integrating its automotive compute platforms into vehicles to support commercial partnerships, including a deal with Nissan to rollout robotaxis. “For embodied AI to scale, automakers need design ... Read more ›
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Australian fintech unicorn Zeller has expanded to the UK in hopes of taking on the heavily competitive finance and payments sector. The Melbourne-based group was founded in 2020 and quickly grew to a $1bn business payment and financial solution platform after a hefty funding round in 2022. Though its growth has been impressive, its entrance ... Read more ›
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Brighton-based clothing resale platform The Little Loop has secured £750k in investment from The FSE Group’s growth fund in the South East and FSE’s Business Angel Network. The Little Loop offers a B2B2C clothing resale solution designed to tackle the growing issue of unwanted clothing for both consumers and retailers. Through its platform, consumers can ... Read more ›
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StirLight has secured £1.25m to accelerate the commercialisation of StirSense, its proprietary quality assurance platform for friction stir welding (FSW) for aerospace, automotive, defence and energy supply chains. Friction stir welding produces stronger, lighter, more repeatable joints than traditional fusion welding, with no filler materials, no shielding gas and significantly lower energy consumption. Adopting the ... Read more ›
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Clean Food Group (CFG) has secured £4.5m in a round led by Clean Growth Fund and New Agrarian, two specialist investors dedicated to fostering sustainable growth in food technology. CFG, a UK biotech manufacturer pioneering sustainable oils and fats through fermentation, has also successfully secured a £700k non-dilutive grant from Innovate UK. The company’s fermentation ... Read more ›
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UK startups and scaleups raised over £5.7bn in venture capital in Q1 2026, marking a 60% increase on the same period last year and the strongest first quarter since 2022, according to new analysis from HSBC Innovation Banking UK and Dealroom. Growth was driven by a surge in late-stage investment and record levels of AI ... Read more ›
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NatWest has opened applications for its Accelerator Pitch competition, inviting entrepreneurs to compete for a share of £100,000 at each of its three live finals. Applications for the Oxford round open today, with the city’s final taking place on June 18, and further pitch events are scheduled for Cardiff in September and London in November. ... Read more ›
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London-based HR tech startup TraqCheck has closed its £5.9m series A funding round led by IvyCap Ventures, with participation from IIFL.  As a remedy to recruiters manually sourcing recruitment candidates, screening resumes and coordinating background checks across different tools, TraqCheck’s AI agents execute those workflows end-to-end. This aims to create operational efficiencies and eliminate manual ... Read more ›
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Varun Bhanot, co-founder and CEO of Magic AI discusses the journey of growing one of the UK’s most successful AI firms, how the AI-enabled mirror his company devised is disrupting the fitness industry, what he learned from the 149 rejections he got when pitching the business and why his team consists are what he calls ... Read more ›
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Ralio, the payments platform purpose-built for AI agents, has secured a £1.8m pre-seed funding round. The oversubscribed funding round was led by Sure Valley Ventures (SVV) with participation from venture funds Seed X, Love Ventures, Plug and Play, rule30, Adeline Arts and Science, Endurance Ventures, Campus Fund, fintech investor Alan Morgan and continuous investment from ... Read more ›
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20.04.2026 02:06
Last update: 01:55 EDT.
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