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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Digital bank OakNorth posted a pre-tax profit of £187.3m for 2023 as it expands its footprint in the US. The London-based challenger bank’s pre-tax profit was up by almost a quarter (23%) from 2022, according to its latest financial report. The total comprehensive income for the year posted by the bank was £140.7m. The SME-loan ... Read more ›
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London-based investor Ascension VC has secured £17m for the first close of its fund backing tech for good startups. The VC firm is targeting £50m in total for Ascension Fund III (AFIII) and expects to secure its second close in 2025. Ascension VC said it aims to reduce social inequalities by backing tech startups serving ... Read more ›
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A Ukrainian accelerator backed by British investors has launched a £15m fund to invest in startups in the region. Launched by Ukrainian brothers Denis and Viktor Gursky, 1991 Ventures plans to invest in over 40 startups in Ukraine and Central and Eastern Europe. The fund’s UK-based limited partners include Venrex and Samos, while early institutional ... Read more ›
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The CEO of Stability has resigned in the latest high-profile exit from the London-based AI startup. Emad Mostaque has left the CEO role he held since founding Stability in 2019. He has also left the board of directors. In a statement provided by Stability, Mostaque was said to have left to pursue decentralised AI, in ... Read more ›
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The UK Space Agency has announced the launch of its new headquarters in Oxfordshire and regional offices in Scotland, Wales and the Midlands. The headquarters for the state-owned executive agency will open in the Harwell Science Campus’ Space Cluster in Oxfordshire. The British space sector has been growing rapidly, with the agency estimating its value ... Read more ›
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In large part thanks to the pandemic, the pace of digitisation has accelerated rapidly in the UK in recent years, increasing the demand for people to fill cybersecurity roles.  A 2021 study from LSE and the Confederation of British Industry (CBI) established that 75% of firms in its survey had adopted productivity-enhancing technologies since ... Read more ›
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Robin AI, a legal tech startup developing generative artificial intelligence tools for legal tasks, has appointed a former financial executive at Tumblr and MySpace as its CFO. Scott Casey has been announced as the AI startup’s new chief financial officer, following its £20.6m Series B round in January. Casey has worked in financial roles for ... Read more ›
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Tech companies in Northern Ireland received investment totalling £143m in 2023 – the highest ever level – according to new data. Research from Catalyst, a non-profit science and tech hub, found that Northern Ireland tech funding grew by less than 3% compared to the £139m raised in 2022. While the growth rate for Northern Ireland tech ... Read more ›
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Shahzad Younas is the founder and CEO of Muzz, a Muslim dating and marriage app. Muzz says it has 10 million members globally and that more than half a million people have married after meeting on the app since its launch a decade ago. The London-headquartered company was the first Muslim-centric startup to be backed ... Read more ›
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This week’s UK tech funding deals include carbon capture specialists Mission Zero Technologies, clinician software platform Anima, neuroscience-based AI model developer Stanhope and more. UKTN tracked £68.95m worth of funding deals this week (18 March to 22 March), with health tech being the most represented sector. Here’s your weekly roundup of UK tech startup funding. Mission ... Read more ›
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British Business Bank (BBB) has launched its second Northern Powerhouse Investment Fund that will deliver £660m to startups across the north of England. BBB, the UK’s state development bank for SMEs, launched its first Northern Powerhouse Investment Fund in 2017 to increase the flow of capital to startups in the north of England. The new ... Read more ›
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Presymptom Health, a startup using AI for the early detection of infections and sepsis, has raised £1.5m in equity and grant funding. Presymptom Health was founded in 2019 to combat the significant risk to life posed by the late diagnosis of sepsis. According to the UK Sepsis Trust, the condition – an extreme bodily response ... Read more ›
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VC firm Frontline Ventures has raised $200m (£157m) across two investment funds to support software startups targeting transatlantic expansion. The investor, based in London and Dublin, has secured funding for both the Frontline Seed fund and the Frontline Growth fund. Each fund focuses on different stages of startup growth. Frontline Ventures said its goal is ... Read more ›
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Manchester-based AccessPay, a fintech that integrates digital banking tools into the systems of corporate clients, has raised $24m (£18.8m) from investors. Founded in 2012, AccessPay connects company bank accounts to in-house digital systems, creating a central platform that clients can use to perform financial tasks. AccessPay features include automated payments and bank statement retrieval, along ... Read more ›
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A taskforce led by investor KPMG Acceleris has been launched to encourage growth in the startup ecosystem of the North West region of England. The Wired for Growth taskforce, made up of investors, trade bodies, banks, universities, founders and business leaders, will focus on supporting startups in the region in overcoming barriers and identifying opportunities. ... Read more ›
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Whilst governments around the globe have kicked around the metaphorical can of AI regulation, something has been going on in the background. Something tangible, incredibly dangerous and increasingly more frequent: cybercrime. It shouldn’t be the case that in an increasingly digital economy – something the current government is supposedly a big advocate of – businesses, ... Read more ›
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Arrow Risk Management, an insurtech startup that has developed a data-led underwriting platform, has raised £2m. The Arrow Risk Management platform – called Quiver – provides insurance brokers and carriers with real-time data, intending to streamline the process of underwriting and claim evaluation. The cloud-based platform feeds users with comprehensive risk management data. The insurtech ... Read more ›
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Stanhope AI, a London-based startup aiming to apply neuroscience principles to create human-like artificial intelligence, has raised £2.3m. Founded as a spinout of University College London (UCL), Stanhope AI is run by a founding team of neuroscientists and AI researchers who are developing a form of the technology called “agentic AI”. This is an effort ... Read more ›
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Mustafa Suleyman, co-founder of pioneering British AI startup DeepMind, has been appointed to run Microsoft’s new AI division. Microsoft has made no secret of being all in on the current wave of AI technology, having invested heavily in both its internal capabilities and in partner companies like OpenAI. Now launching a new AI-specific arm, Microsoft ... Read more ›
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Research has found that cultivated meat could cut the climate impact of meat by up to 92% and reduce air pollution by up to 94%. What exactly is the meat source, how is it more sustainable than the traditional meat industry, and does the UK have an opportunity to lead the way in this subsector? ... Read more ›
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17.06.2026 04:45
Last update: 04:40 EDT.
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