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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A University College London spinout developing fast-charging battery technology has raised $12m (£9.4m) in a Series A round. Founded by Dr Tom Heenan and Dr Chun Tan, Gaussion aims to address the long-standing issue of charging speed, which remains a hurdle in the mass-market adoption of passenger and commercial electric vehicles (EVs). The startup states ... Read more ›
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Revolut and Darktrace backer Balderton Capital has secured $1.3bn (£1bn) across two new investment funds. Balderton raised $615m for its Early Stage Fund IX and $685m for its second Growth Fund. Between the two funds, Balderton will invest in firms from the seed stage through to initial public offerings (IPO). The announcement marks the first ... Read more ›
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Last month the UK’s financial regulator announced an overhaul of listing rules in a bid to drive more initial public offering (IPO) activity on London stock exchanges. The Financial Conduct Authority (FCA) said the new rules are the “biggest change to the listing regime in over three decades”. The “simplified” listings regime came into force ... Read more ›
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This week’s UK tech funding deals include quantum computing company Riverlane, digital scent startup OW Smell Made Digital, automated warehouse technology firm PHINXT Robotics and more. UKTN tracked £72.6m worth of UK tech investment this week (5 August to 9 August), a 72% week-on-week decrease across seven funding rounds. Here’s your weekly roundup of UK ... Read more ›
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Forget proficiency in generative AI, green skills are increasingly being touted as some of the most important skills of the future. According to a recent UN report, the next 10 years are crucial in the fight against devastating global heating, and integral to this fight is ‘green talent’ – workers who are equipped with environmentally-minded ... Read more ›
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Cocoon, a startup aiming to address the climate emergency by decarbonising heavy industries and creating low-carbon construction materials, has raised £4.2m in pre-seed funding. According to the World Economic Forum, the global floor area is projected to double by 2060, which is equivalent to building out New York City every month for the next 40 ... Read more ›
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London-based fintech ClearBank has secured a Dutch banking licence, allowing the group to expand to the European Union. The embedded banking company has been eyeing up international expansion for some time, having appointed a UK CEO in February to oversee its domestic operations as it pursues growth elsewhere. Now with a Credit Institution Licence approved ... Read more ›
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Jorgen Ellis is the CEO and co-founder of Strolll, a startup that has created augmented reality software for neurorehabilitation with a current focus on Parkinsons patients. Founded in 2019, by Ellis with Thomas Finn, and Rupert Barksfield, Strolll’s commercially available AR glasses blend digital content with the physical world to assist treatments. Strolll has received ... Read more ›
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London-based marketing campaign management software startup Userled has raised £4m in a pre-seed funding round. Founded in 2023, Userled is a no-code platform for marketing teams to create and distribute campaigns. The platform integrates with existing CRM systems to track engagement and end-to-end user journeys. “Marketers have to put significant time and resources into manually ... Read more ›
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Deliveroo has reported its first-ever net profit since launching more than a decade ago following cost reductions and a push into grocery and retail deliveries. The takeaway delivery app reported a positive profit of £1.3m for the first six months of 2024, its first since 2013, compared to an £83m loss in the same period ... Read more ›
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Falling UK tech startup valuations have led to an annual £122m paper loss at the state-owned British Business Bank. The development bank, which invests primarily in SMEs across the UK through partners such as VCs, posted a loss 10% lower than in 2023. British Business Bank CEO Louis Taylor said much of the loss at ... Read more ›
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A startup using AI to simulate emission levels for fleet vehicle trips has closed a $4.3m (£3.4m) 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 ›
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A Cambridge startup claiming it can use AI and scent databases to “print smells” to improve sleep has raised £2.2m in a joint equity and grant round. Founded in 2019, OW Smell Made Digital first launched as a spinout from the University of Sussex developing technology to digitally transmit scents. The company, which raised a ... Read more ›
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Workplace management software company Monday.com is expanding its footprint in London with a new 80,000 sq ft office. The new lease in London’s Fitzrovia district near the West End contains the company’s largest research and development operation outside of its headquarters in Tel Aviv. Monday.com said the new location is part of a major expansion ... Read more ›
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Investment in the UK’s fintech sector has nearly tripled in the first half of 2024, despite a global decline. Several major deals, including a $4bn buyout of financial software company IRIS Software Group and a $999m VC round by the small business-focused marketplace platform Abound, helped the UK retain its title as the centre of ... Read more ›
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Startup funding platform Fundmypitch has appointed YFM Equity Partners’ David Hall as a non-executive director. Fundmypitch supports businesses in securing investment by connecting startups with capital providers. The group identifies targeted investors and arranges meetings to facilitate funding rounds. Fundmypitch recently helped Northern Ireland-based facility management company Exact Comms secure a £155,000 pre-seed investment. Looking to ... Read more ›
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The number of new UK tech company incorporations has dropped following a period of sustained growth, new data has shown, prompting fears of a tech sector slowdown. In the first quarter, there were 13,802 new tech companies registered in the UK, but in the second quarter, it dropped by 11% to 12,318, according to audit, ... Read more ›
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Ahead of the Olympic Games, equestrianism was overshadowed by Charlotte Dujardin’s withdrawal from the Paris event. But it would be a shame if, in the swirl of attention around Dujardin’s error of judgment, we lost sight of the fact that Paris is the first Olympic Games in history where women aren’t outnumbered by men – ... Read more ›
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The UK’s tech department has unveiled a £32m funding pot to be split between 98 projects developing AI in the NHS, construction, the railways and more. The projects will be carried out by more than 200 businesses and research organisations. Projects include a £165,006 plan for V-Lab Ltd to develop AI software to improve skills ... Read more ›
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Digital bank Monzo has surpassed 10 million UK customers amid growing competition in the fintech and digital banking sector. Monzo announced the milestone on Tuesday, with one in five UK adults now having a Monzo personal account, according to the London-based company. The fintech said Monzo reached the 10 million user mark by adding two ... Read more ›
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16.06.2026 12:23
Last update: 12:15 EDT.
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