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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The heir to industrial conglomerate JCB has spearheaded a £5m investment into mobility startup Zeti. Jo Bamford’s HYCAP Group, an energy transition investor, will add Zeti to its portfolio of infrastructure companies, which includes Wrightbus, Ryze and Hygen. Founded in 2020, Zeti has created a digital platform for fleet operators to track finances, lenders to ... Read more ›
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Manchester-based electric vehicle charging network Be.EV has secured £55m in debt financing to roll out public charge points across the UK, with a focus outside of London. The financing came from high street lender NatWest and Germany’s KfW IPEX-Bank. Octopus Energy Generation also provided a follow-on investment through the Sky fund, a majority shareholder in ... Read more ›
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June saw the announcement of the shortlist for the 2024 Fintech Awards Wales, which celebrates the individuals, companies and academic institutions driving the country’s fast-growing financial technology sector. The shortlist for the ‘startup of the year’ gong includes Peppercorn AI, an insurtech platform that raised £3.25m in April. Other nominees for the gong include Proveit, ... Read more ›
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I have spent time recently in both the City of London and its trendy neighbour Shoreditch, and have been struck by their differences. While the pillars holding up the Bank of England hark all the way back to the Roman Empire, Shoreditch tells a more modern story; one of tech startups, pop-up offices, and 24/7 ... Read more ›
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Google Ventures has led an $18m (£14m) investment into London-based startup Climate X to fuel its expansion into the US. The startup provides tools to financial institutions and asset managers to monitor climate risk to their physical portfolios. Additional funding for the Series A round came from Pale Blue Dot, Blue Wire Capital, PT1, Unconventional ... Read more ›
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British startup Stability AI has secured funding from previous backers Coatue Management and Lightspeed Venture Partners and confirmed the appointment of Prem Akkaraju as CEO. Stability has raised “about $80m”, Reuters reported, providing a much-needed capital injection into the company known for its image generation platform Stable Diffusion. Other institutional investors participating in the “initial ... Read more ›
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As the daughter of a Metropolitan Police officer, Emma Kay grew up with plenty of advice on how to stay safe outside. And yet, her experience from her teenage years onward has been one shared by many women. Catcalling, being followed, groping and flashing made Kay and so many others fear walking the streets – ... Read more ›
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Once again, the world’s tech talent convened in London this June for what proved to be another successful London Tech Week. With delegates from 146 different countries descending on the new venue for London Tech Week – Kensington Olympia – all manner of topics were covered – from AI to semiconductors, cleantech to quantum and ... Read more ›
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We occasionally come across companies where one of the original co-founders has left the business. Founders may struggle with remaining positive in those hard early years where sales cycles are long and enter the famous ‘trough of disillusionment’. Others might not be at financial liberty to continue investing their time in a high-risk startup while ... Read more ›
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The amount of capital raised by UK VC funds in the first quarter of 2024 dropped significantly below the year prior to cause a decrease in ‘dry powder’, new data has shown. Venture capital funds raised £700m across 10 vehicles between January and March, according to a market snapshot report from Pitchbook. That’s on track ... Read more ›
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British SME lending platform Funding Circle has agreed to sell its loss-making US business to iBusiness Funding (IBF) for £33m. IBF, which provides lending solutions for banks and lenders, is acquiring Funding Circle’s US business for a total cash consideration of £33m. This figure takes into account Funding Circle US’s losses of £23m in 2023, ... Read more ›
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This week’s UKTN Podcast guest is Michael Mainelli, Lord Mayor of the City of London, who discusses why the UK capital is a global problem solver, why he believes politicians have launched AI regulations “without doing their homework”, and why space junk is a growing problem. The Lord Mayor of the City of London ... Read more ›
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The KPMG Private Enterprise Tech Innovator in the UK 2024 competition is heating up, as nearly 400 applications have been narrowed down to just eight regional winners from across the UK. The future tech titans will pitch head-to-head to compete for the crown in London on 23 July. Standing between them and the 2024 Tech ... Read more ›
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Reset Health, a company that has created an app to connect obesity and type 2 diabetes patients with clinicians, is exploring a possible public listing on London’s stock market. The digital health company has appointed advisors from the stockbroker Shore Capital to assist with the possible float, according to The Times, which cited City sources. ... Read more ›
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British startup Stability AI has appointed former Weta Digital boss Prem Akkaraju as its new CEO, according to the Information. The appointment comes as part of a capital injection into Stability AI from a group of investors including Weta Digital and former Facebook president Sean Parker, according to the report, which cited a person close ... Read more ›
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Review platform Trustpilot has appointed a new chief revenue officer and chief strategy officer in its latest executive hires. Brian Green joins Trustpilot from Adobe to lead Trustpilot’s commercial teams as chief revenue officer. Green has previously worked for Oracle, Magento and SUSE. Carolyn Ryan, who takes the role of chief strategy officer, has a ... Read more ›
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Having attended London Tech Week for several years running, I’ve had a ringside seat on how the event and delegate list has grown in size and confidence as the UK capital has cemented itself as a tech hub for startups, enterprise, investment and talent. It is disappointing, however, to hear the recurring frustrations with our ... Read more ›
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Eight exciting tech startups representing regions from across the UK have been selected for a head-to-head pitching competition in the final of KPMG’s search for the next national Tech Innovator. Eighty businesses were shortlisted from nearly 400 entries to the competition, representing the most impressive entries from eight different UK regions. They were then invited ... Read more ›
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This week’s UK tech funding deals include ad-subsidised BNPL firm Zilch, quantum-proof cybersecurity company PQShield, plant-based meat alternative startup THIS and more. UKTN tracked £288.6m worth of UK tech investment this week (17 June to 21 June), a 107% week-on-week increase across 15 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ... Read more ›
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Staying ahead of the curve is essential if you want a long and fruitful career in tech. Often what’s relevant when you’re first starting out is completely laughable, and sometimes totally obsolete, just a short 20 years later. Remember, there were once developers working on what was deemed cutting-edge WAP gateways, allowing mobile phones to ... Read more ›
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16.06.2026 16:54
Last update: 16:45 EDT.
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