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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Jordan Lawrence is the co-founder and chief growth officer at Volt, a real-time payments provider that uses open banking to facilitate transactions between merchants and customers. Founded in 2019 by Lawrence and Tom Greenwood, Volt aims to provide merchants with cheaper transaction costs. Last year, the London-based company secured $60m (£47m) in a Series B ... Read more ›
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Support for new data centres, long-term R&D funding and reformed, centralised regulators for new technologies are among the key tech policy commitments from the Labour Party’s 2024 manifesto. The Labour Party published its 2024 manifesto ahead of the general election on 4 July. Here are the key tech policies from the Labour manifesto that startups, ... Read more ›
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London-based wealth management platform Sidekick has raised £8.5m in a combined debt and equity investment. Founded in 2022, Sidekick is a platform aimed at founders, tech workers, lawyers and similar professionals who want to invest beyond picking stocks but don’t know what the next steps are. Services on the platform include access to diverse assets, ... Read more ›
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British fintech unicorn Revolut is relocating its London headquarters to the financial district Canary Wharf. The fintech has committed to a 10-year lease at the YY London building and will make the move in May 2025. Revolut, which has been seeking a UK banking licence since 2021, will join the likes of Barclays, HSBC, JPMorgan ... Read more ›
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A £1m pitching competition for West Midlands-based founders has been launched to uncover promising new tech startups in the region. The One to Win competition was launched at London Tech Week by TechWM – a startup support organisation for the West Midlands – and a group of stakeholders including the Rigby Group, SCC, Haatch and ... Read more ›
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A £2bn increase in public R&D spending, a new fund to invest in female entrepreneurs, and investments in advanced manufacturing are among the key tech policy commitments from the Conservative Party’s 2024 manifesto. The Conservatives published its 2024 manifesto ahead of the general election on 4 July. Here are the key tech policies from the ... Read more ›
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Molten Ventures has written up the value of its stake in British fintech Revolut as the investment firm’s annual report shows the total value of its portfolio has grown to £1.38bn. Molten Ventures said it now values its stake in Revolut at £65.1m, a 20% year-over-year increase as of March 2024, but still down on ... Read more ›
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Starling Bank has posted its third full year of profitability, with pre-tax profits standing at £301m in its latest annual report. The pre-tax profit reported by the digital bank for the year ended 31 March 2024 represents a 55% increase from the record-breaking year prior. Founded in 2014, Starling Bank reported its first full year ... Read more ›
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Several years ago, I was invited, alongside my partner – a leading researcher at a local university – to a special themed event to celebrate women in the North East of England that I won’t name here. We both attended the pre-event dinner at a chain restaurant in the city, where we sat, our food ... Read more ›
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Monzo chief executive TS Anil has taken a shot at the “incumbent” banking industry that he said was bogged down by a “legacy mindset”. Speaking at London Tech Week, a triumphant Anil said that despite the hundreds of years of experience from traditional banking giants and Monzo “being around for minutes in comparison”, the challenger ... Read more ›
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Extra support for regional SME investment, an increased Digital Services Tax and a transparent AI framework are among the tech policies announced by the Liberal Democrats. The Lib Dems released its 2024 manifesto on Monday, ahead of the general election on 4 July. Here are the key tech policies from the Lib Dem manifesto the ... Read more ›
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Shares in budget personal computer maker Raspberry Pi soared by as much as 40% on its debut as a public company in a boost for London’s tech initial public offering (IPO) market. Raspberry Pi priced shares at 280p for its IPO, giving it a market capitalisation of £514.6m. In a period of “conditional dealing” for ... Read more ›
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In this week’s UKTN Podcast episode, Northern Gritstone CEO Duncan Johnson discusses why the north of England has all the potential required to rival the South East in commercialising science and innovation, the challenges of backing early-stage deep tech companies with very long investment journeys, and why ambition and resilience are so important in developing ... Read more ›
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British AI and data science research group the Alan Turing Institute has received a renewed grant from the Bill & Melinda Gates Foundation. The Alan Turing Institute secured the grant of $4m (£3.1m), to be delivered over the next three years, to fund a project aiming to help countries “address requirements needed to achieve secure, ... Read more ›
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The UK’s AI sector has been valued at $92bn (£72.3bn), larger than any other country in Europe, according to new data. The ‘UK Tech in the Age of AI’ report from Tech Nation found that in the first quarter of 2024, 16% of all UK VC investment went to AI startups. According to the report, ... Read more ›
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The CEO of Wayve has hailed London as a “tech superpower” and reiterated that he plans to keep the autonomous vehicle startup’s headquarters in the UK capital after raising $1bn in funding last month. “Our headquarters is of course remaining and staying in London,” said Wayve co-founder and chief executive Alex Kendall, speaking at London ... Read more ›
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OnSecurity, a Bristol-based cybersecurity startup developing software to test vulnerable computer systems, has raised £5.5m. Founded in 2018, OnSecurity’s platform delivers computer system, network and web application penetration tests. These tests involve simulating a cyberattack and looking for vulnerabilities in computer systems to identify weak points that need addressing. OnSecurity said the pentest market is ... Read more ›
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London-based medical technology startup Amber Therapeutics has closed a $100m (£78m) Series A funding round. Founded in 2021, Amber Therapeutics is developing adaptive neuromodulation therapy to treat mixed urinary incontinence (MUI). The company said its flagship treatment, Amber-UI, is the first fully implantable adaptive neuromodulation therapy in clinical development for MUI. Amber-UI works by targeting ... Read more ›
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Like any other industry, technology companies have a legal responsibility to support their disabled employees. This is enshrined in the 2010 Equality Act, which defines disabilities as physical or mental impairments that adversely affect people’s day-to-day activities in a “substantial” and” long-term” way. Under this law, employers can’t discriminate against disabled staff and must be ... Read more ›
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Over the last few months, I’ve enjoyed working with the organisers of DTX Manchester, “the north’s biggest enterprise IT event”, which took place in the UK’s third-largest city on 22 and 23 May. They were initially a little worried that the opening keynote speaker, Derren Brown, might not appeal to the audience. After all, Britain’s leading “psychological illusionist” ... Read more ›
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16.06.2026 18:17
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