Car finance firm Carmoola has added to its debt pile after securing a new £100m loan from high street bank NatWest. The new financing adds to the company’s £31m in loans which were refinanced last year, a £50m senior revolving credit facility with the option to extend it by another £25m, and a further junior ... Read more ›
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The operator of a network of illegal crypto ATMs has pleaded guilty in Westminster Magistrates Court in the first UK conviction of its kind. Olumide Osunkoya is due to be sentenced for five counts of operating ATMs used for buying and selling cryptoassets without registration from the Financial Conduct Authority (FCA). Under British law, ventures ... Read more ›
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London-based investor IW Capital has launched a £30m fund targeting UK-based SMEs following the completion of a management buyout. Founded in 2011, IW Capital has backed around 40 UK startups including peer-to-peer currency swap group WeSwap and health tech company GPDQ. The new fund will focus on businesses with a proven model ready to scale. ... Read more ›
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Bango said it expected to see a surge in the range of subscription services offered by Britain’s biggest banks, as the AIM-listed business posted a jump in half-year revenues. The Cambridge-based firm, which offers subscription bundling services to major telecoms firms, said it saw many banks turning towards offering subscription packages themselves as they look ... Read more ›
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Nesti, a startup using video generation to support sales teams, has secured a £250,000 pre-seed investment. The business was founded in 2024 after hundreds of conversations with sales staff revealed outbound engagement would often increase when video pitches were sent. Nesti is an automated video prospecting tool. With generative AI, the platform replicates sales teams ... Read more ›
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London-listed budget computer maker Raspberry Pi is expanding its artificial intelligence offering with the launch of a new AI camera. The AI camera, launched on Monday, can be used to perform image processing, making it useful for AI solutions requiring visual data. The Cambridge-based hardware firm released an AI kit in June. Until now it ... Read more ›
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In 2020, I made the decision to relocate my tech company from London Bridge to Milton Keynes. It wasn’t an easy choice. We’d always been surrounded by major industry players, endless networking opportunities, and every lunch option imaginable. After being in the heart of it all on Southwark Street, I worried about what we’d miss ... Read more ›
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The UK’s competition regulator has said Amazon’s investment into AI firm Anthropic does not merit further investigation. The Competition and Markets Authority (CMA) said it does not “believe that it is or may be the case that a relevant merger situation has been created” because Anthropic’s UK turnover does not exceed £70 million in the ... Read more ›
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Losses at Delli have widened as the independent food platform sought fresh funding to keep its cash balances in check. The London-based business, co-founded by Depop creator Simon Beckerman, posted a loss of £6.4m in 2023, its latest accounts show, a jump of more than 80% compared to the previous year. The company’s cash balances ... Read more ›
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This week’s UK tech funding deals include genomic synthesis startup Constructive Bio, Bristolian battery tech group Anaphite, ecommerce tool provider Simpler and more. UKTN tracked £146.5m worth of UK tech investment this week (23 September to 27 September), a 176% week-on-week increase across 10 funding rounds. Here’s your weekly roundup of UK tech startup funding ... Read more ›
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A new startup hub in Leeds city centre has been launched following a £20m redevelopment project from Bruntwood SciTech. The West Village in Leeds contains 230,000 sq ft of workspace for startups, with a mix of co-working, serviced and leased spaces. Startup property platform Bruntwood SciTech said three-quarters of West Village has been pre-let already. ... Read more ›
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A Bristol-based startup aimed at making electronic vehicle (EV) batteries cheaper and less energy-intensive has raised £10.4m in a fresh funding round. Founded in 2018 by chemist Sam Burrow, now CTO and physicist Alexander Hewitt, now COO, Anaphite has developed a chemical composting process to dry coat for high-performance electrode production. Anaphite claims with its ... Read more ›
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A London-listed crypto investor has predicted a ‘coming bull market’ as it reported a rise in profits. Phoenix Digital Assets, which invests in large cap liquid cryptocurrencies, sold more than £60m worth of digital assets and tokens in the first six months of the year, investing a further £26 million to arrive at a pre-tax ... Read more ›
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In September 2024, UKTN hosted a roundtable discussion on the topic of AI Safety in partnership with Shoosmiths and KPMG. The discussion, chaired by senior reporter Oscar Hornstein, featured contributions from: George Margerson, deputy director for strategy and delivery at the AI Safety Institute Sue Daley, director for technology and innovation at techUK Laura Gonzalez, ... Read more ›
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Aurrigo is preparing for a surge in demand for its autonomous baggage handling vehicles as the Coventry-based business posted a jump in sales. The AIM-listed airside technology company said it was preparing for a 450% year-on-year rise in revenues from its autonomous vehicle division to hit £3m by the end of the year, while the ... Read more ›
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Cambridge-based biotech group Pact has secured £9m in seed funding as it prepares to open a 13,820 sq ft lab. Founded in 2020, Pact develops “nature-inspired” biomaterials including its flagship product Oval. Made from natural collagen, Oval has been described by the startup as a “climate-responsible” alternative to leather. Pact claimed if the textile industry ... Read more ›
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Klarna is looking to extend its reach beyond ecommerce after the Buy now pay later (BNPL) provider struck a deal with point-of-sale group Adyen. The tie-up will see Klarna’s BNPL product, which splits the cost of purchases into instalments, made available in physical stores across Europe, North America and Australia through Adyen’s payment terminals. For ... Read more ›
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The UK’s science minister has thrown his support behind a new scheme to award small grants to semiconductor firms in an apparent backtrack on remarks he gave earlier in the year. The scheme, which was unveiled today, sees 16 projects winning a share of a £11.5m pot provided by Innovate UK in a bid to ... Read more ›
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A Cambridge-based synthetic genomics startup has secured $58m (£43.4m) for the first close of its Series A round. Founded in 2021, Constructive Bio is developing programmable molecules through its genomics synthesis process. The firm hopes to engineer molecules with novel properties and functions to support pharmaceutical and therapeutic treatments. “Constructive Bio is the only company ... Read more ›
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For its latest report examining the ecosystems of various tech hubs around Britain, UKTN is looking at the East Anglia counties of Norfolk and Suffolk. Though it may lack the tech reputation of nearby hubs like Cambridge and London, Norfolk and Suffolk have quietly been carving out names for themselves as centres of digital business. ... Read more ›
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21.06.2026 21:09
Last update: 20:55 EDT.
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