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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Mario Draghi’s recent European Competitiveness report painted a gloomy picture of European investment, stating that the gap in private sector growth between the bloc and competitors like the US and China is quickly growing. The report argued that Europe risks being left citing the decisions of 30% of their companies with unicorn valuations to leave ... Read more ›
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An online dating advert has been banned by UK regulators after being accused of featuring “sexist and negative gender stereotypes”. The ad was posted to social media site Reddit by US-based dating service Seeking.com, a trading name of a firm called W8 Tech Cyprus. It depicted an older businessman who throws away a photo of ... Read more ›
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Orders are down across the board at London-listed Just Eat Takeaway as the directors bank on gross transaction value (GTV) boosts to carry firm to profitability. In a trading update for the third quarter of 2024, Just Eat Takeaway reported a drop in orders in all of its markets including the UK and Ireland, North ... Read more ›
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Zilch has seen a near doubling in its annual turnover as the London fintech pared back its losses ahead of a possible IPO next year. The company posted revenues of £57.1m for the year to end March, a jump of 90% compared to the previous year according to figures filed with Companies House, while pre-tax ... Read more ›
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Fintech group CAB Payments could delist from the London Stock Exchange as it weighs up a potential takeover proposal from US payments firm StoneX. CAB Payments said it received a non-binding proposal from the Nasdaq-listed firm at a price of £1.45 per share, valuing it at £368.5m. According to CAB Payments, the proposal came following ... Read more ›
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Amid the hype surrounding all the ways in which generative AI can be put to work to solve any and all problems, one Cambridge-based startup claims the technology can be used to reverse the ageing process. Founded in 2017, Shift Bioscience is exploring how generative AI models can be used to understand how the activation ... Read more ›
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Wise shares have jumped around 5% as the London-listed fintech reported a bump in income in line with expectations. The cross-border payments firm, which went public in London in 2021, said in a trading update that underlying income had reached £337m for the second quarter of the 2025 financial year, a 17% increase from the ... Read more ›
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Venture capital funding raised by UK startups dropped sharply in the third quarter of 2024, new research has found, adding further pressure for founders in search of new investment. British startups secured around $2.9bn in VC funding in Q3, a 50% drop from the previous quarter, according to the latest report from HSBC Innovation ... Read more ›
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Some see AI as the key driver of change in the business sphere. News such as BlackRock and Microsoft’s planned $30 billion AI investment fund has reinforced this perception. But is this really the case? Despite the buzz surrounding AI, our latest survey reveals that business leaders are prioritising other technologies like cybersecurity, cloud computing, ... Read more ›
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This week’s podcast guest is Joyeeta Das, co-founder and CEO of Samundra Oceans. Das discusses how seaweed has an incredible variety of uses, including food, fuel, fertiliser and bioplastics; how coastal towns are facing the biggest danger from climate change, but could also contain vital ocean expertise; and the challenge of finding patient investors that ... Read more ›
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Four US firms have announced a combined £6.3bn investment into UK data centres as PM Keir Starmer puts technology at the heart of the government’s industrial strategy at this week’s investment summit. CyrusOne, ServiceNow, Cloud HQ and CoreWeave have announced the UK will be the home for their data infrastructure with some of the new ... Read more ›
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Britain’s newest bank has been named in more fraud complaints than any other major UK bank, an investigation has found, as it grapples with the strictures that come with its new banking licence. Canary Wharf-based Revolut, which was provisionally granted the licence in July, was named in nearly 10,000 fraud complaints in the past year, ... Read more ›
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The boss of an AIM-listed tech company has said she would be ‘very disappointed’ if the stock exchange market were to close amid concerns it is not fit for purpose. Claire Milverton, CEO of data management software business 1Spatial, said being listed on the AIM market had been a crucial component of the company’s success. ... Read more ›
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In a move which can only be described as a backwards step, the Payments System Regulator (PSR) has lowered the reimbursement limit for Authorised Push Payment (APP) fraud from £415,000 to £85,000. Like many other security professionals – and fierce consumer advocates – I’m left scratching my head. This decision, while aimed at easing the ... Read more ›
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The space industry is in a worrying state. The UK still can’t conduct space launch activity from its shores, and while it has been heartening to see the value of the space sector discussed in Parliament, the pressing issue of when the UK will commence commercial launch remains unanswered. Delays in regulatory approval and a ... Read more ›
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This week’s UK tech funding deals include academic publishing platform Perlego, security firm Harmonic and challenger bank Monzo. UKTN tracked £131m worth of UK tech investment this week (7 to 11 October), a 20% week-on-week increase across four rounds. Here’s your weekly roundup of UK tech startup funding deals. THG – £95m Sector: Ecommerce ... Read more ›
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Shares in THG fell around 6% today after the Manchester-based company raised £95m in a fresh fundraise. The London-listed ecommerce firm completed the oversubscribed raise, which were offered at a 5.2% discount to yesterday’s closing share price, after existing long-term and institutional shareholders contributed approximately £50m to the fundraise, including CEO Matthew Moulding who invested ... Read more ›
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The co-founder and former CEO of Darktrace has been named as the UK’s new investment minister as the government seeks to deepen ties with businesses. Poppy Gustafsson, who help setup the cybersecurity firm in 2013 before becoming its CEO in 2016, will be responsible for the revamped Office for Investment and will be tasked with ... Read more ›
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Monzo’s valuation has jumped to £4.5bn after it completed a fresh employee share sale. The London fintech has seen its value jump by around £400m compared to a funding round it closed in May. Investors participating in the deal include existing backers StepStone Group and GIC, Singapore’s sovereign wealth fund, which took part in Monzo’s ... Read more ›
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When did anyone neurodiverse ever achieve anything? Few names spring to mind. Well, apart from Ada Lovelace, Isaac Newton, Charles Darwin, Albert Einstein, Marie Curie, Thomas Edison, Alan Turing, Nikola Tesla, Bill Gates and Steve Jobs — and many, many more on a list of history’s most scientifically and technologically pioneering minds. All are thought ... Read more ›
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16.06.2026 02:55
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