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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Dimitris Nikolaou is the co-founder of Wondercraft, a startup that has created a platform for creating ads, podcasts and audiobooks using AI. Founded in mid-2023 by Nikolaou and Youssef Rizk – both former Palantir engineers – alongside former Spotify executive Oskar Serrander, Wondercraft lets people create “hyper-realistic” AI voices from text input. The startup operates ... Read more ›
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PQShield, an Oxford-based cybersecurity company developing cryptographic tools to protect machines from quantum computer-powered cyberattacks, has raised $37m (£29m). Founded in 2018, PQShield is developing post-quantum cryptography (PQC) security solutions that can withstand the additional computational firepower of quantum computers. It comes as the quantum sector continues to grow, with major funding for private firms ... Read more ›
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Anglo-French VC firm Breega has launched a $75m (£59m) fund to invest in early-stage startups in Africa. The London, Paris and Barcelona-based investment firm will open two new offices in Nigeria and Cape Town. It is Breega’s first fund in Africa since it closed its first fund in 2015 and gives the VC a footprint ... Read more ›
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Copilot Capital, a new private equity firm based in London, has launched a $200m (£157.5m) buyout fund targeting European software scaleups. The private equity firm plans to invest in lower mid-market software firms in Europe with annual recurring revenue of up to £13m. The firm said the current fundraising environment has left a gap for ... Read more ›
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Manchester-based investor Praetura Ventures has announced AccessPay as the first investment made via its venture capital trust (VCT). The northern-focused VC firm launched the Praetura Growth VCT in 2023, targeting an initial raise of £10m to invest in regionally diverse UK startups. VCTs are investment vehicles listed on the London Stock Exchange wherein individuals pool ... Read more ›
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British fintech company Zilch has secured a £100m debt financing deal as chief executive Philip Belamant suggests it could go public outside of the UK. Zilch, which offers buy now pay later (BNPL) services subsidised by ads, said it will use the funds to launch new products for a “broader base of customers”. The securitisation ... Read more ›
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While the UK economy seems to be recovering from the impact of high interest rates, rocketing prices and overall global social-political uncertainty, these factors do not seem to have had much impact on the volume of IT services M&A over the last 18 months. In fact, this particular segment in the tech sector has shown ... Read more ›
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Labour’s plan to close a tax “loophole” for private equity gains has drawn mixed reactions from the tech and investment community. Some have argued that removing tax benefits for private equity investments disincentives capital being directed to UK businesses. Others have claimed it will generate much-needed government revenue and increase equality in taxation. Announced in ... Read more ›
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A non-profit organisation set up nine years ago to improve diversity and inclusion across the UK tech sector is closing due to companies shelving initiatives and decreasing budgets. Tech Talent Charter, which represents almost a quarter of a million tech workers, will cease operations in August. The advocacy organisation works in close partnership with tech ... Read more ›
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Atom Bank has achieved its first year of post-tax profit, posting net income of £12.3m in its latest annual report. The challenger bank, founded in 2013, reported its strongest-ever financial results on Tuesday, with operating profit growing almost 600% to £27m. The Durham-based digital bank credited the strong results to a 39% increase in lending ... Read more ›
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CuspAI, a Cambridge-based startup using artificial intelligence to develop new materials supported by the “godfather of AI”, has raised $30m (£24m). The company aims to bring generative AI to the world of advanced materials. CuspAI is developing an AI search engine for users to request specific properties for new materials. “Imagine a search engine not ... Read more ›
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Finbourne Technology, a London-based investment data management company, has raised £55m in a Series B funding round. Founded in 2016, Finbourne provides asset owners and managers with a platform to track investment performances and conduct compliance duties. Its clients include Northern Trust and the Pension Insurance Corporation. “This funding round and support from top-tier investors ... Read more ›
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In this episode of the UKTN Podcast, Founders at the University of Cambridge managing director Gerard Grech reflects on the legacy of Tech Nation, explains how universities can support impact startups, and assesses the attractiveness of UK markets. Grech was the founding CEO of Tech Nation, leading the startup support organisation for over a ... Read more ›
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Spotless Water, a Dorset-based startup that supplies ultra-pure water (UPW) for cleaning equipment, has secured a £3.6m investment. UPW is water that has undergone extreme purification methods to remove all minerals. UPW is used for cleaning specialist equipment, such as solar panels, due to the lack of mineral deposits left after drying. Founded in 2016, ... Read more ›
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The London markets, still celebrating the successful IPO of budget computer maker Raspberry Pi, have overtaken Paris as Europe’s biggest stock exchange. London has returned to the top European spot in Bloomberg’s index of exchanges with a combined value of £2.51tn, making it the sixth largest in the world. London’s stock markets have spent the ... Read more ›
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The major UK political parties have released their manifestos ahead of the general election, featuring plenty of policies aimed at supporting the tech industry. AI, data, fintech and R&D are among the key tech areas that the Conservatives and Labour are addressing in this year’s election. The incumbent Conservative Party has been struggling in the ... Read more ›
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At the UK’s inaugural AI Safety Summit last November, it felt like the government was staking a claim for national AI leadership. That was followed up some months later when the government set out a “pro-innovation” approach to regulating AI. The mood music was one of enthusiasm for AI. There’s been something of a shift ... Read more ›
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British autonomous vehicle software developer Oxa is supporting the deployment of self-driving cars in the Middle East via a new partnership. The Oxford-based firm, which secured a £115m Series C round featuring Google last year, has partnered with Bayanat, an Abu Dhabi-based AI geospatial and smart mobility company. The partnership was formed to accelerate the ... Read more ›
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The share price of London-listed money transfer firm Wise dropped by as much as 15%, despite positive profit growth in its latest financial report. The fintech posted post-tax profits of £354.6m for the year ended 31 March 2024, a 212% year-on-year increase. Despite the “very strong year” celebrated by co-founder and CEO Kristo Käärmann, the ... Read more ›
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This week’s UK tech funding deals include health tech startup Amber Therapeutics, wealth management platform Sidekick, cybersecurity firm OnSecurity and more. UKTN tracked £139.2m worth of UK tech investment this week (10 June to 14 June), a 379% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Amber ... Read more ›
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16.06.2026 18:18
Last update: 18:11 EDT.
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