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 UK continues to tackle a skills gap for crucial tech roles. At the same time, government plans to further cut net migration have caused concerns among startups that it will become even more challenging to secure the right talent. What are the visa options for people hoping to work in the UK’s tech ecosystem ... Read more ›
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The UK’s competition regulator has warned that a small number of powerful tech firms have the potential to use their size to dominate the AI market. Speaking at a conference in Washington DC, Sarah Cardell, chief executive of the Competition and Markets Authority (CMA), noted the growing presence in the AI foundation model market of ... Read more ›
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The UK government has announced the follow-up to last year’s AI Safety Summit will take place in South Korea in late May. The AI Seoul Summit, taking place on 21 and 22 May, will follow on from discussions between world leaders, tech companies and researchers started at the UK’s Bletchley Park AI Safety Summit held ... Read more ›
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Keith Lewin is the founder and chairman of PostTag, a company providing precise address data to delivery and taxi businesses. Founded in 2016, PostTag has created software that it says processes over 3,000 address validations every minute to provide “precise longitude and latitude details”. Because this data is more precise it means companies can save ... Read more ›
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This week’s UK tech funding deals include SME financial management platform Mimo, a navigation app for the visually impaired called Waymap, digital carer platform Log my Care and more. UKTN tracked £42.4m worth of tech funding deals this week (08 April to 12 April), an 18% week-on-week decline. Here’s your weekly roundup of UK tech startup ... Read more ›
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Quantonation Ventures has secured €70m (£60m) in the first close of its second early-stage quantum technology investment fund. Founded in 2018, Quantonation is a VC firm that targets deep tech companies, particularly those developing quantum computing technology. Through its first fund, Quantonation backed 27 companies, including London-based Orca Computing, which raised £12m in June 2022, ... Read more ›
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Administrators of the collapsed UK electric vehicle company Arrival believe a sale of the company and the repayment of creditors is “possible”. The UK subsidiary of the Luxembourg-based EV maker entered administration in February after failing to secure a rescue deal. Administrators from EY have concluded that the primary objective of rescuing the business “would ... Read more ›
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Mimo, a financial management platform for small and medium-sized enterprises (SMEs), has closed a £15.5m funding round. Founded in 2023, Mimo aims to simplify cashflow management for SMEs. The company said the abundance of software tools performing specific financial tasks such as payroll, invoicing and international payments, has created a fragmented and complex system for ... Read more ›
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Veremark, a London-based startup offering background screening for hiring and appraisals, has raised $3m (£2.4m). Founded in 2019, Veremark performs background checks for companies on prospective hires, looking at qualifications and legal compliance. Veremark can also be used to screen existing staff, business partners, limited partners and founders. The company also recently launched Verepass, a ... Read more ›
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When Chancellor Jeremy Hunt declared that the UK was on track to become the next Silicon Valley, UK tech was conflicted. Comparing the UK to the fabled US tech sector is both a help and a hindrance. There’s no doubting the Valley’s achievements in creating so many of the biggest companies of the last 30 ... Read more ›
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Early-stage VC firm Antler has appointed the co-founder of fintech unicorn Scalable Capital as a general partner. Adam French will co-lead Antler’s UK team and funds in London alongside existing general partner Jed Rose. Antler is a VC firm operating across six continents. The group backs early-stage startups, with recent UK investments including insurance payments ... Read more ›
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Buy now, pay later fintech Klarna made headlines recently when it announced that its OpenAI chatbot integration for customer service is doing the work of 700 live agents. Launched in January 2024, the company reported that during that period the chatbot had 2.3 million conversations, handling two-thirds of the company’s customer service queries. Klarna also ... Read more ›
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Pactio, a London-based private equity management software startup, has raised £11m in a Series A funding round. Founded in 2021, Pactio has developed a platform for private capital investors that provides deal tracking and risk management tools. Pactio co-founder and CEO Eric Heimark said during his time as a private equity investor, he found existing ... Read more ›
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London-listed biotech company e-Therapeutics intends to cease trading due to a “lack of institutional UK interest”. Founded in 2001, e-Therapeutics is a computational drug discovery firm that develops RNA interference therapeutics. The company, which listed on London’s alternative market in 2009, issued a statement announcing its plan to raise £28.9m through the sale of 192,666,667 ... Read more ›
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A spinout from the University of Glasgow aiming to make hydrogen energy production more efficient has secured £1m in funding. Clyde Hydrogen Systems has developed a new approach to electrolysis – the process of using electric currents to drive chemical reactions – that is says allows hydrogen and oxygen to be made in separate places ... Read more ›
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Hearing problems are often treated as an unfortunate but inevitable inconvenience of getting older. For most, it’s a gradual process that people are initially unaware of and take years to address. Even among those who know their hearing is gradually getting worse, many will avoid addressing the problem out of fear, according to Eargym founder ... Read more ›
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Ten years ago, I slipped in through a side door to the office block that rings Times Square in Newcastle, next to the Life Science Centre near the city’s central station, and spoke to Jonathan O’Halloran, the co-founder and chief scientific officer of QuantuMDx, a Newcastle-based biotech startup. I was there to write a story ... Read more ›
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Waymap, a London-based app providing accessible navigation tools to disabled users, has raised £7m in a funding round led by a North American telecoms firm. Founded in 2017, Waymap is a navigation app targeting people with additional accessibility requirements, with a focus on the visually impaired. The startup was created by Dr Tom Pey, who ... Read more ›
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US-based payments firm Entrust Corp has completed its acquisition of British AI customer identity verification startup Onfido. The University of Oxford spinout, which provides customer verification for customers including Revolut and Orange, entered early-stage talks for the acquisition in February. The two companies have now confirmed the deal has been completed. Oxford University Innovation, the ... Read more ›
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The traditional banking and finance sectors are ramping up their tech capabilities amid growing competition from challenger fintechs, new data suggests. A new report from recruitment firm Robert Walters found that banking job listings in London requiring fintech skills were up 75% in the last 12 months, and listings for applicants with machine learning skills ... Read more ›
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17.06.2026 00:54
Last update: 00:40 EDT.
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