This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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Revolut has said it may refuse or delay certain payments in the latest sign of the London fintech’s crackdown on fraud. The Canary Wharf-based business has made changes to its terms of service, due to be implemented in the new year, which specify that suspected cases of scams and fraud are now sufficient conditions for ... Read more ›
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A London-based tech founder has blasted Starling Bank as “not startup friendly” after claiming her company’s account was closed due to a “worrying” policy from the fintech. Flown founder and CEO Alicia Navarro said the bank cited the startup having shareholders that are companies as the reason for the closure, despite having used the account ... Read more ›
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Digitalising the operations of the planning system will become a key contributor to the government’s growth agenda, the boss of digital transformation firm TPX Impact has said. Björn Conway, who earlier this month signed a £19m contract with the Ministry for Housing, Communities and Local Government, said improved service and efficiency were needed within the ... Read more ›
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A London-based startup looking to automate business development for recruiters has raised £500,000 in pre-seed funding just six months after its launch. Vente AI said it will use the funds to integrate its product with existing recruitment tools for faster user onboarding. The company works with recruitment agencies that spend as much as 40% of ... Read more ›
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Carbon utilisation company Barton Blakeley has announced a £2.4m funding round led by Elbow Beach Capital. The Harpenden-based company has developed a chemical process designed to convert CO2 emissions into clean energy and synthetic silica, promising to save over 1 kilo-tonne of carbon per year. The fresh funding will allow the company to deploy its ... Read more ›
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A university spinout seeking to transform the energy capacity of batteries has raised $4.6m (£3.6m) in a fresh funding round. Cambridge-based Moylon, which was founded earlier this year, hopes to use sulphur, one of the most abundant elements on Earth, to develop lithium-sulphur batteries, which it claims have much higher energy density than traditional lithium-ion ... Read more ›
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A surge in the demand for data centres driven by the adoption of AI technology has made the “increased power needs” the “biggest challenge” faced by the industry, according to Glasgow-founded cloud solutions group Iomart. Speaking to UKTN, Iomart CEO Lucy Dimes said that despite AI hype kicking off in 2022, the company, which provides ... Read more ›
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Monzo has brought on a former executive from Brazilian fintech Nubank as its new group CFO following the departure of James Davies. Tom Oldham, who most recently worked as the chief investment officer at the carbon credit fund manager Mombak, will oversee Monzo’s financial strategy as the company plans to expand overseas. “I’ve been a ... Read more ›
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London’s transport board has vowed to take legal action against e-bike rental operators whose cycles get in the way of pedestrians and vehicles as it steps up efforts to combat obstructed pathways. Under updated guidance on dockless e-bike and e-scooter rental published today, Transport for London (TfL) has warned it will impound vehicles that get ... Read more ›
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A Lancaster-based manufacturer of tech products for the maritime industry has proposed delisting from the Aquis exchange amid concerns that it does more harm than good. OTAQ, which was listed on the London-based challenger stock exchange in 2018, warned that the share price volatility, limited flexibility and limited access to investors were harming the business. ... Read more ›
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This week’s podcast guest is Suranga Chandratillake, general partner at Balderton Capital, who discusses why narratives about the UK underperforming in funding compared with the giants in the US might not be fair, why more unicorns shouldn’t necessarily be considered the main goal for British businesses and why Labour’s budget isn’t as damning for entrepreneurs ... Read more ›
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Cryptoassets are “here to stay”, the Economic Secretary to the Treasury Tulip Siddiq has said in a speech outlining the government’s approach to regulating the industry. Speaking at the Tokenisation Summit hosted by City and Financial Global, Siddiq assured the crowd that while regulatory developments in the UK for the crypto sector have “seemed quiet”, ... Read more ›
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On Saturday night, over 1,000 Revolut customers were gathering in a basement auditorium in central London for a special event. The Canary Wharf-based company was marking a significant milestone: in just a decade since it was founded, it had reached a mind-blowing 50 million customers. Eager not to pass up the chance for a blow-out ... Read more ›
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Monzo co-founder and former CEO Tom Blomfield has blasted competition regulators as “religious zealots” amid proposals to force Google to sell its Chrome browser. Last week, the US Department of Justice proposed a major breakup in Google’s business structure that would see the tech giant forced to sell the world’s most popular web browser to ... Read more ›
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This week’s UK tech funding deals include travel analytics platform Lighthouse, e-waste recycling group DEScycle, X-ray innovator Silveray and more. UKTN tracked £343.2m worth of UK tech investment this week (18 November to 22 November), a 162% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Lighthouse – ... Read more ›
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The value of venture capital deals and valuations in the UK in the third quarter of the year is pacing above 2023’s full-year figures, though the number of rounds appears to have dropped, according to a new report. The European VC Valuations report from PitchBook found that the venture capital market has shown a promising ... Read more ›
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Revolut’s new network of vending machines could soon make their way to the UK after a successful European rollout. The machines, which offer free debit cards to prospective customers, have already been installed across a host of European airports including in Milan, Rome, Porto, Brussels and Helsinki. Revolut, which gained a provisional UK banking licence ... Read more ›
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The cryptoasset market has surged these past few weeks, fuelled no doubt by the electoral victory of the newly pro-crypto Donald Trump and the elevation of longtime blockchain advocate Elon Musk to presidential confidant. Musk’s preferred coin Doge, for which his unofficial cabinet role as head of the Department of Government Efficiency was named, jumped ... Read more ›
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In May 2024 UKTN released a regional tech report in partnership with KPMG putting a spotlight on the innovation, strengths and challenges faced by the Scottish tech industry. To explore the topic further, UKTN and KPMG brought together a group of experts in all things Scottish tech for a panel discussion on how the local ... Read more ›
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Chris Ballance is the co-founder and CEO of Oxford Ionics, a startup developing a “trapped-ion” approach to quantum computer technology. In this week’s Founder in Five Q&A, Ballance discusses why founders should focus on the challenges they don’t understand as much as those that they do, motivating teams with a vision they can believe in and ... Read more ›
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15.06.2026 22:17
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