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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Gendo, an artificial intelligence (AI) platform used by architects to turn text prompts and sketches into realistic visualisations, has raised £855,000 in a pre-seed funding round. The investment was led by Concept Ventures and joined by Ascension Ventures, Carles Reina’s Baobab Ventures, and dozens of angel investors, including the former global head of design studios ... Read more ›
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If, as looks increasingly certain, Labour wins the general election this week, they will get the keys to Downing Street as well as lots of new levers to pull on the economy. The next government will inherit a mixed portfolio – inflation challenges, stalled productivity and multiple pressures on key public services – but there ... Read more ›
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As the general election draws closer, the question of who will take charge of UK policy will soon be answered. The tech sector has been a bright spot for the UK economy over the past decade and many see it as a key growth driver for the next parliament. A strong tech industry requires the ... Read more ›
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Leading tech figures have called for “targeted intervention” from the next UK government to ensure entrepreneurs can overcome the funding gap from startup to scaleup. An open letter, signed by more than 70 figures from the tech and investment world including techUK, Beauhurst and Barclays, warned that the UK’s position as a tech leader was ... Read more ›
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OpenFi, a conversational artificial intelligence (AI) platform for lead generation and customer service, has closed a £500,000 pre-seed funding round. Led by Bijan Morvaridi with additional investments from Fortune Green Capital and Foundation Ventures, OpenFi will use the funding to expand the product team, build the second version of the platform, integrate with a UK ... Read more ›
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Work has begun on a £4.5m plan to redevelop a 210,000 sq ft site in Birmingham’s city centre into a startup hub. The project, from UK science and tech property developer Bruntwood SciTech, will establish a workspace for startups and scaleups in the Centre City tower, which was built during the 1960s in Birmingham’s theatre ... Read more ›
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Erin Platts has been appointed CEO of Octopus Ventures, marking the end of her two-decade career with Silicon Valley Bank’s UK arm, which was acquired by HSBC Innovation Banking last year. After HSBC’s £1 rescue acquisition of SVB UK, a move that prevented a potential disaster for the British tech sector, Platts became CEO of ... Read more ›
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Revolut has posted a record pre-tax profit of £438m off the back of a 95% surge in revenue as the British fintech’s chief executive remains confident in securing a UK banking licence. The group posted revenue of £1.8bn for the year ended 31 December 2023. The results, released on Tuesday, represent Revolut’s third successive year ... Read more ›
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Wise, Multiverse and Index Ventures are among more than 100 tech and investment firms calling on the next government to support skilled immigration. Industry lobby group the Startup Coalition has launched a manifesto – supported by dozens of major firms – urging the victor of this week’s election to reform the visa system to ensure ... Read more ›
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Vortex IQ, an automation platform for ecommerce, has secured a $1m (£790,000) equity funding round to increase its global presence and hiring efforts. Led by investment firm Sure Valley Ventures, with participation from Techstars, the funding will go towards building its sales and marketing teams, hiring additional AI specialists, and expanding across the US and ... Read more ›
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This week’s UKTN Podcast guest is M Squared founder and CEO Dr Graeme Malcolm, who discusses the quantum computing market, Glasgow’s growing tech sector, and tips for US expansion. Founded in 2006 by Malcolm and Dr Gareth Maker, M Squared develops laser technologies for a variety of use cases, such as quantum, biophotonics and ... Read more ›
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The majority of large corporate venture capital funds are investing in startups at the Series A stage but some are planning to invest earlier, research suggests. A survey by Mountside Ventures, an accelerator and advisory firm, found that 90% of corporate venture capital (CVC) funds invest in Series A rounds. CVC is a subset of ... Read more ›
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Navigation software company What3words has once again narrowed losses as it continues to pursue its first profits a decade after launching. What3words, which converts GPS coordinates into three-word addresses, posted a loss of £16.5m for the year ended 31 December 2023, a 48% reduction from 2022 and 60% less than in 2021. Turnover for 2023 increased ... Read more ›
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Cheshire-based security software provider PortSwigger has secured $112m (£88.4m) in funding to accelerate product development and increase its international footprint. Brighton Park Capital, an investment firm focused on growth-stage companies within the software and tech-enabled services sectors, was the sole investor in the round. The cybersecurity company, described as an “unconventional” success story by its ... Read more ›
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UK pension and financial services firm Legal & General has launched a new fund that’s aiming to invest £400m in British businesses by the end of 2025. The group is targeting £1bn worth of investments made by the end of next year for its Private Markets Access Fund, with up to 40% allocated for UK ... Read more ›
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How cruelly ironic that London Tech Week and Loneliness Awareness Week coincided on the same seven days in mid-June. It’s not hard to argue that the content of the former – whizzy technology discussed in breathlessly excited tones – begets the latter. On the Monday of that week, Gallup published its latest State of the Global ... Read more ›
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Almost 200 climate tech leaders have signed a joint letter calling on the next government to put climate change at the heart of their agenda ahead of the general election. Addressed to the leaders of the main political parties, the letter’s signatories included climate entrepreneur Michelle You, Aniruddha Sharma, CEO of greenhouse gas removal firm ... Read more ›
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This week’s UK tech funding roundup includes investments into the electric vehicle platform Be.EV, asset intelligence startup Climate X, and more. UKTN tracked £142.7m worth of UK tech investment this week (24 June to 28 June), a 50% % week-on-week increase across nine funding rounds. This roundup does not include Stability AI’s investment – which ... Read more ›
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Liverpool-based startup Heatio has secured £2m in funding to fuel its mission of making clean energy more accessible and affordable. The platform, which was founded in 2022, will use the funding to expand its team and launch an updated version of its smart energy home management tool – Heatio Flexx. Using AI and machine learning, ... Read more ›
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Nataša Williams is the co-founder and CEO of Cadro, a technology-driven wealth management firm. The London-based company combines proprietary technology with traditional investment management. Individuals, for example, can book a meeting with investment experts to understand their risk appetite, and then manage their portfolio via the Cadro app. Founded in 2022 by Williams and Jordan ... Read more ›
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16.06.2026 16:54
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