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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Neurovalens, a health tech startup using neuroscience to tackle a range of medical issues, has raised £2.1m. Belfast-based Neurovalens’ latest product is a wearable headband that uses electronic brain stimulation to treat anxiety. The Modius Stress headband delivers small electrical pulses to the head for about 30 minutes. The device is intended to be used ... Read more ›
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In this episode of the UKTN Podcast, Hoxton Farms co-founder Max Jamilly discusses how developing lab-based fat is the secret ingredient for the alternative protein industry, why some people oppose lab-grown meat and how the regulatory progress for getting cultivated meat in shops is going. Jamilly co-founded the London-based cultivated fat startup in 2020 alongside ... Read more ›
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British edtech company Multiverse has acquired Californian talent platform Searchlight to apply generative AI to closing skills gaps at organisations. The deal will see Multiverse integrate Searchlight’s technology, which uses AI to screen job applications and automate parts of the hiring process, into its own platform. Founded in 2018 by twins Anna Wang and Kerry ... Read more ›
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Digital care home platform Log my Care has raised £3m as it looks to expand its support services for people with learning disabilities. Founded in 2017, Log my Care is used by carers to record patient notes, access medical records and receive reminders through mobile notifications. The app can also be used to create personalised ... Read more ›
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Tech giant Microsoft is opening a new AI hub in London to work on tools for foundation models and to advance “state-of-the-art” language models. The hub will be based at Microsoft’s Paddington office and see the US firm embark on a round of hiring for AI talent over the coming months. It will be led ... Read more ›
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The UK Space Agency has announced millions in funding for space tech projects including an in-orbit farm and AI for space operations. The agency, sponsored by the Department for Science, Innovation and Technology (DSIT), has awarded funding to 11 projects across the UK to encourage advanced research and international collaboration in space tech. Among those ... Read more ›
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The platonic ideal of a tech business is that founders identify a problem, or a new way to do something, and then they set to work to make it a reality – usually with a lot of late nights and takeaway pizzas as a crucial part of the process. The best part is that if ... Read more ›
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UK startups have called on the Home Office to implement more favourable policies for high-skilled immigrants looking to work in the tech industry. In an open letter sent by the lobby group Startup Coalition and the think tank Entrepreneurs Network, the home secretary was called on to mitigate the potential damage to the tech industry ... Read more ›
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An accelerator encouraging sustainable innovation in the agricultural and manufacturing industries in Northern Ireland has been launched by Digital Catapult. The Digital Catapult initiative was launched in partnership with Northern Ireland’s Department of Agriculture, Environment and Rural Affairs and aims to accelerate the region’s net-zero goals. The Tenfold NetZero Accelerator Programme will develop proof-of-concepts with ... Read more ›
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This week’s UK tech funding deals include generative AI legal tech platform Luminance, blockchain-based real estate platform Coadjute and more. UKTN tracked £51.9m worth of funding deals this week (01 April to 05 April), a 67% week-on-week increase in value albeit with a lower volume of deals. Here’s your weekly roundup of UK tech startup ... Read more ›
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Samantha Kempe is the co-founder of IMMO, a tech-enabled platform providing data on potential housing investment opportunities. Founded in 2017 by Kempe and Hans-Christian Zappel, IMMO has created a platform that lets property investors compare disparate data points. It also provides a customer-facing app for renters to manage their tenancy. The London-headquartered company secured £57.5m ... Read more ›
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Two years ago, Prime Minister Rishi Sunak – then serving as Boris Johnson’s chancellor – declared it was his “ambition to make the UK a global hub for cryptoasset technology”. Sunak, speaking along with John Glen – then the economic secretary to the Treasury, now paymaster general – at the Innovate Finance Global Summit in ... Read more ›
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London-listed fintech CAB Payments has expanded into Europe as it looks to boost revenue opportunities amid slowing profits. The business-to-business payment processing and foreign exchange company has launched CAB Europe BV after securing a payment service provider licence from the Dutch financial authorities. The Dutch licence will allow CAB to operate across the European Economic ... Read more ›
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Embedded banking company ClearBank has posted its first full year of profit since being founded in 2015. The London-based fintech, which offers both clearing bank services and embedded banking tools, reported a profit of £18.4m for 2023, a considerable upswing from losing £7.1m the year before. ClearBank reported total income year-on-year had grown 91% to ... Read more ›
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Wales may be famed for its Welsh cakes, rugby and choirs, but the country is fast making a name for itself in the fintech space. According to a recent report from FinTech Wales, a membership association, the industry currently employs 16,000 people and has seen investment grow by 300% since 2022. In the 12 months ... Read more ›
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Manchester-based flexible working startup Orka has entered administration three years after securing £29m in funding. Orka, which offered flexible pay and labour solutions for workers, entered administration on Wednesday, according to Companies House filings. Speaking to the Business Desk, Orka founder Tom Pickersgill said the decision was “the right thing to do”. Pickersgill said the ... Read more ›
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Sparxwell, a startup founded by Cambridge scientists to develop sustainable pigments for use in the cosmetics industry, has raised £2.5m from backers including make-up giant L’Oreal. Founded in 2022, Sparxwell develops biodegradable, vegan colour pigments from plant-based cellulose extracted from waste. Much of the cosmetics industry currently uses chemicals derived from fossil fuels to create ... Read more ›
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Luminance, a generative AI legal tech company, has raised $40m (£31.8) in a Series B funding round to support its US growth. The London and Cambridge-based firm has developed a large language model (LLM) to automate the processes of contracts. The Luminance LLM can generate, negotiate and analyse contracts and other legal documents. According to ... Read more ›
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There’s an awakening in the world of deeptech investment that if you want results, you need specialists. Deeptech founders will often cite that there is a dearth of investors operating in the UK who possess the requisite knowledge and experience to help a science-based spinout navigate the vicissitudes of scaling all the way through to ... Read more ›
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London-based proptech company Coadjute has secured a £10m funding deal from three of the UK’s largest mortgage lenders. Founded in 2018, Coadjute is a software firm that has developed a platform to connect parties involved in the property transaction process. Coadjute’s blockchain-based platform is used by estate agents to track transactions. The new funding round ... Read more ›
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17.06.2026 03:34
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