This weekâs UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked ÂŁ266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. PhysicsX â ÂŁ225m Sector: ... Read more âș
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Against a backdrop of rising global temperatures, the new Labour governmentâs creation of the National Wealth Fund is an important step in accelerating the UKâs green transition. The fundâs blended finance model â providing debt and equity funding â will channel ÂŁ7.3bn of public cash into low-carbon projects. The hope is that the fund will ... Read more âș
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During the fundraising process for Polari Groupâs $539,000 (ÂŁ417,000) pre-seed round, the sex tech startup faced âchallengesâ from the VC world. Sex has long been a taboo area for many VCs, but the startupâs founders say their focus on anorectal health has created extra hurdles requiring additional education for investors. Polari Group is developing a ... Read more âș
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Earlier this month, the government scrapped ÂŁ1.3bn of funding for AI and technology projects, including the ÂŁ800m âexascaleâ supercomputer that the previous administration said would accelerate AI, medicine and low-carbon energy innovation. The news is brighter for private investment. UK AI startups have raised $2.1bn in investment so far in 2024, which is almost as ... Read more âș
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Trumpet, a B2B sales software platform used by companies such as OpenTable, has raised $6.35m (ÂŁ4.9m) in seed funding. Founded in 2021 by Rory Sadler (CEO), Nick Telson-Sillett (CMO), and Andrew Webster (CPO), the London-based startup enables revenue teams to centralise the entire buying journey, from pitch to renewal, into one shared workspace. The aim is ... Read more âș
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Revolut has confirmed plans to launch a secondary share sale valuing it at $45bn (ÂŁ35bn) as the Treasury reportedly looks to court the fintech into a London listing. The secondary share sale, which will give Revolut staff the chance to sell shares to investors including Coatue, D1 Capital Partners and Tiger Global, was rumoured to ... Read more âș
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This weekâs UK tech funding deals include radiology workflow management software firm Hexarad, hydrogen energy-harvesting boat maker DRIFT Energy and more. UKTN tracked ÂŁ67m worth of UK tech investment this week (12 August to 16 August), an 8% week-on-week decrease across eight funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. Encord ... Read more âș
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Slava Kremerman is the co-founder and CEO of Zen Educate, a startup connecting schools with available substitute teachers via its platform. Founded by Kremerman with Oren Cohen, the startup says it has tripled in size year-on-year since its 2017 launch. Substitute teachers looking for roles in the UK submit information to the Zen Educate app. ... Read more âș
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Monzo has once again been named the number one bank for customer satisfaction in the Competition and Markets Authority (CMA) league table. The latest rankings, based on a survey conducted by the UK regulator, have put the challenger as the top personal and business bank account provider, beating out legacy competition. Monzo has been ranked ... Read more âș
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Hexarad, a London-based startup supporting overstretched NHS radiologists with a teleradiology software platform, has raised ÂŁ11m in funding. Swiss-based growth equity firm MTIP led the round, with investment also coming from existing shareholders, including the Foresight Group. Founded in 2016 by a group of NHS consultant radiologists, Hexarad provides workflow management software to optimise imagining ... Read more âș
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Nottingham-based startup Promethean Particles has secured an ÂŁ8m Series A investment to scale manufacturing of its advanced materials for carbon capture. Founded as a spinout from the University of Nottingham, Promethean Particles manufactures metal-organic frameworks (MOFs), a material made of interconnected metal ions and organic molecules. The high surface area and porous structure of MOFs ... Read more âș
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Anyone regularly using social media services in the past year will have noticed the skyrocketing volume of AI-generated art. Sites like Facebook and X, formerly Twitter, have become inundated with AI-made pictures of houses, idyllic scenery and, bizarrely, depictions of Jesus Christ as an underwater crustacean. For many users, there is a negative gut reaction ... Read more âș
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AI voice cloning unicorn ElevenLabs has opened a new London office, designated as its European HQ and centre for worldwide operations. The new office, in Sohoâs Wardour Street, will be the new base for ElevenLabsâ 20 London staff, with plans to double its headcount in the UK capital within six months. The company has always ... Read more âș
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A startup developing clean energy-generating boats has secured ÂŁ5m from Octopus Ventures and Blue Action Accelerator. Bath-based DRIFT Energy is working towards producing vessels that harvest and transport green hydrogen while at sea. The startup has described its product as ânet positive shipsâ as they can harvest energy as they move via underwater turbines. The ... Read more âș
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The UK advertising regulator has banned promotional ads for Zoe Health and Huel for featuring Steven Bartlett without disclosing his commercial interest in the companies. The Advertising Standards Authority (ASA) ruled that a paid-for Facebook ad for Zoe, a nutrition and wellness startup, from February this year could be considered âmisleadingâ by including an endorsement ... Read more âș
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A successful merger or acquisition can be a rewarding process, but it can be fraught with challenges. From managing shareholders to completing due diligence, there are many moments when things might go wrong. To find out how to successfully navigate the M&A process, corporate finance advisors Moore Kingston Smith and UKTN brought together four business ... Read more âș
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Cosine, a startup that says it can âcodifyâ how humans perform software writing tasks so it can be replicated by AI, has raised $2.5m (ÂŁ1.9m). The round was led by Uphonest and SOMA Capital, with participation from Lakestar, Focal, and others. Founded in 2022 by software engineer Alistair Pullen, exited chief growth officer Yang Li, ... Read more âș
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LCR Angel Network, a Liverpudlian regional investor group that has facilitated millions in tech investment, has rebranded to Gateway Angels. The group launched in 2017 to provide angel investors in the region with access to early-funding opportunities and grow Liverpoolâs startup scene. It has supported funding rounds for startups including Heatio, a Liverpool-based provider of ... Read more âș
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A startup using AI to simulate emission levels for fleet vehicle trips has closed a $4.3m (ÂŁ3.4m) seed round. Founded in 2021, Clearly has developed a climate intelligence platform that it says can help fleet operators meet net zero targets. With the transport sector accounting for 25% of global emissions, decarbonising supply chains is a key ... Read more âș
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This weekâs UKTN Podcast guest is Synthesia co-founder and CEO Victor Riparbelli. In this episode, Riparbelli discusses the different appeals of AI-generated video content, the importance of startups implementing strict AI safety controls, and how the UK doesnât have to follow what he sees as the EUâs mistakes in AI regulation. Riparbelli founded Synthesia along ... Read more âș
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The climate crisis is not just a looming disasterâitâs also the next big business and tech opportunity. A study of over 100,000 businesses found that those that invest in environmental, social, and governance (ESG) activities are associated with greater revenue growth and EBITDA margins. Moreover, a recent report by McKinsey reveals financially successful businesses incorporating ... Read more âș
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16.06.2026 09:42
Last update: 09:36 EDT.
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