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 ›
0
Primary Portal, a fintech developing and operating digital infrastructure solutions for equity capital markets, has secured a €8.9m (£7.5m) Series A investment. This first half of its funding round was led by the venture capital arm of Deutsche Börse Group, DB1 Ventures with participation from existing shareholders Dutch Founders Fund and Flow Traders. The London ... Read more ›
6
The UK, along with 90 other nations, has entered a global digital trade agreement to make international ecommerce faster, cheaper and more accessible. The E-Commerce Joint Initiative from the World Trade Organisation (WTO) will commit all participants to digitalise customs processes, in a potential boost for businesses. This means the end of the numerous print ... Read more ›
6
Fractile, a London-based AI chip startup looking to break up the dominance of Nvidia, has emerged from stealth with a £12m seed round. Founded in 2022, Fractile claims the AI industry’s over-reliance on a small variety of chips is limiting its performance. The company said the chips used by the largest AI companies are well-suited ... Read more ›
1
A startup developing biomaterials with the potential to be used in a wide range of 3D-printed implants and surgical devices has raised £3.4m in Series A investment. Nottingham-based 4D Medicine is a spinout from the universities of Birmingham and Warwick and its founders, Philip Smith and Dr Andrew Dove, have developed a resorbable biomaterial called ... Read more ›
6
George Proud is the CEO and co-founder of Gendo, a startup that has created a platform for architects to turn text prompts and sketches into realistic visualisations. Founded in 2022 by Proud and Will Jones, Gendo’s technology has been used by the likes of Zaha Hadid Architects, Benoy, KPF, David Chipperfield Architects. The London-based startup, ... Read more ›
8
Addionics, a startup that makes components for rechargeable batteries used in electric vehicles (EVs), has announced a Series B funding round of $39m (£30m). The investment will go towards growing teams across the globe, expanding its manufacturing and commercialisation efforts, and improving the construction of its planned US-based gigafactory. Addionics manufactures current collectors, which conduct ... Read more ›
1
A Coinbase subsidiary has been fined £3.5m by the UK financial watchdog for onboarding “high-risk” customers without authorisation. CB Payments Limited (CBPL), a UK-incorporated entity and part of Coinbase Group, was fined by the Financial Conduct Authority (FCA) for violating the terms of a voluntary requirement it entered in 2020. CBPL agreed to address security ... Read more ›
2
British fintech Revolut, has secured a banking licence in its home country after a more than three-year wait. The London-based company was founded in 2015 and has grown rapidly to become one of the UK’s most valuable private tech firms. Despite being referred to alongside the likes of Monzo and Starling, the company has been ... Read more ›
29
Jarvis, a London-based fintech for employees to plan their retirement, has closed a £1.8m seed funding round. Founded in 2022, Jarvis has developed an app to manage personal and workplace pension jars. Users can also receive insights and support for more specific retirement goals. These include budget setting, planning joint retirements, consolidating old pensions and ... Read more ›
0
Keir Starmer was first elected to parliament in 2015 – and it’s fair to say a lot has happened in politics since. Back then, not many people had five Conservative prime ministers, three general Elections, and a politically relevant lettuce on their list of predictions for the next ten years. But looking more widely, many ... Read more ›
0
Halocycle, a Hull-based technology scaleup which carries out advanced recycling of PVC and other chlorine-containing plastics, has beaten off competition from fast-growth businesses from across the UK to be crowned KPMG’s UK Tech Innovator 2024. Close to 400 applications to the competition were reduced to a shortlist of 80 companies selected from regions across the ... Read more ›
0
Metaverse unicorn Improbable has posted its first year of profit since launching over a decade ago, netting £11m after tax in 2023. Improbable, which builds the underlying technology for various metaverse ventures in gaming, entertainment and more, posted a revenue bump of 37%, reaching £66m for the year ended December 2023. Founded in 2012, Improbable ... Read more ›
2
Tech1M, an AI-powered recruitment automation and skill assessment software platform for businesses, has landed a $750,000 (£581,000) pre-seed investment to simplify hiring processes. Founded by Tommie Edwards (CEO) and Damilola Ogunmoye (CTO), the Techstars-backed startup aims to reduce hiring costs, improve the quality of hires, and accelerate talent acquisition. With AI serving as a “co-pilot” ... Read more ›
0
Challenger bank Monzo is entering the pensions market with the launch of a new product to consolidate pension contributions. Monzo Pension was launched by the fintech following customer research that found the majority of UK adults (77%) felt anxious about pensions and just under a third (30%) found the process of pension consolidation complicated. Monzo ... Read more ›
4
iTero Gaming, a Welsh startup specialising in AI coaching solutions for competitive gamers, has been acquired by esports organisation GIANTX in a multi-million-pound deal. Developed by Jack Joseph Williams from his small cottage in Cardigan, West Wales, iTero Gaming analyses millions of past games and suggests the best characters to play, along with additional features ... Read more ›
0
Morgan Stanley has led a $31m (£24m) investment into London-based payments startup Sokin, which was previously backed by a former Manchester United star. Founded in 2019, Sokin is an international remittance provider for businesses. It offers payments in over 100 currencies. The company said it facilitates over $2.5bn in transactional volume per year. The latest ... Read more ›
2
As part of last week’s King’s Speech, Labour announced several initiatives geared towards growing the UK economy, including a £7.3bn National Wealth Fund (NWF). The fund, which was a key pledge in the party’s manifesto, has already been allocated so investments can be made as soon as possible in areas such as ports, manufacturing and ... Read more ›
5
FinLegal, a platform for managing class actions and large numbers of similar claims, is the first South Yorkshire startup to secure investment from the Northern Powerhouse Investment Fund II (NPIF II). Founded in 2019 by Steven Shinn, an IT specialist, the company secured £2m from NPIF II, which is managed by investment firm Mercia. The ... Read more ›
2
The UK competition watchdog has signed a joint statement with authorities in the EU and the US agreeing on a shared approach to AI competition regulation. The Competition and Markets Authority (CMA), along with the European Commission, the US Federal Trade Commission and the US Department of Justice have together outlined their position on managing ... Read more ›
0
London-based Carwow Group, which includes the Carwow online marketplace, Auto Express, Evo, Driving Electric, and Carbuyer, has raised $52m (£41m) in a new funding round. Founded in 2013 by James Hind, Alex Margolis, and David Santoro, Carwow says more than 10 million customers have used its tools to buy and sell cars. Its new funding ... Read more ›
0
Most popular sources
Financial Times
|
0% |
VentureBeat
|
0% |
StartUp Beat
|
0% |
CNET
|
0% |
ScienceDaily
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 12:23
Last update: 12:15 EDT.
News rating updated: 19:15.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.