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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This week saw UK tech funding deals for savings platform Flagstone, electric courier service Packfleet, Hydrogen generator developer Suiso, battery tech firm Anaphite and more. UKTN tracked £219.6m worth of funding deals for UK tech firms this week (11 March to 15 March), with fintech and energy tech the most represented sectors. Here’s your weekly roundup ... Read more ›
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The UK business of electric vehicle company Arrival owes more than £1.2bn to creditors across unpaid tax, wages, suppliers, and money owed to shareholders, administrator documents show. The UK arm of the formerly Nasdaq-listed EV developer entered administration in February after it was unable to secure a buyer. It followed a collapsed SPAC merger deal last ... Read more ›
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Takeaway delivery provider Deliveroo cut losses by almost 90% in 2023 after cutting operating costs, but annual profits remain elusive. The London-listed firm posted a loss of £31.8m in its 2023 earnings, down significantly from the £294.1m loss the year prior. Company revenue grew by 3% to £2bn. Administrative expenses and other operating expenses dropped ... Read more ›
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Regionally focused investor Mercia Asset Management has raised £60m across three northern venture capital trusts (VCTs). The VCTs, which direct investment into the North of England, launched an initial share offer for £42m in September, with an overallotment option of £18m. “I am delighted that the Northern VCTs have achieved a significant fundraise in the ... Read more ›
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Building public trust in autonomous vehicles is key, but commercialising at pace will be essential to cement UK leadership, according to the business minister. Speaking to UKTN, Nusrat Ghani, the minister of state at the Department for Business and Trade, said building public trust is “absolutely key” in the autonomous vehicle rollout and it must ... Read more ›
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The EU has approved the Artificial Intelligence Act, the world’s first major regulation aimed at creating safeguards for the rapidly advancing technology. But what does it mean for UK technology businesses? On Wednesday European lawmakers voted overwhelmingly to pass the EU AI Act, bringing the bloc one step closer to regulating high-impact, general-purpose AI models ... Read more ›
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The tech department has announced £35m in funding for the semiconductor industry as the UK joins an EU scheme providing grant funding for startups. By joining the Chips Joint Undertaking – an EU scheme to advance the European semiconductor ecosystem – UK chip firms will have enhanced access to a €1.3bn funding pot for collaborative ... Read more ›
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Just 4% of neurodiverse founders say they never experience discrimination in business because of their neurodiversity, new research has found. A survey of 500 neurodiverse founders from across the UK found that 31% of respondents ‘regularly’ experienced discrimination. Meanwhile, 33% said they ‘sometimes’ face discrimination, 17% said ‘always’, and 15% said ‘rarely’. Neurodiversity is a ... Read more ›
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A Bristol-based battery tech startup has secured nearly £1.6m in funding from a government grant and private sector investment. Anaphite said it will use the influx of capital to continue developing its “dry-coating” technology, a method that the startup says can reduce the cost of electric vehicle (EV) battery manufacturing. “We are directing all these ... Read more ›
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A biotech centre in Edinburgh has received an £847,000 investment from the Scottish government’s funding agency to build new fermentation equipment. The funding, made through Scottish Enterprise, will support the installation of a 300-litre fermenter – a tank providing a controlled environment for large-scale microbial changes – at FlexBio. Its current fermenter has a 30-litre ... Read more ›
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SME financial services platform Tide is launching in Germany in the company’s second international market expansion. London-headquartered Tide offers financial management tools and business banking accounts to SMEs. It will now provide financial services to German businesses, with the official launch of the German app coming in the next few months. The Germany launch follows ... Read more ›
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Starling Bank has announced that OVO Energy chief executive Raman Bhatia will take over as the fintech’s CEO following the departure of founder Anne Boden. Bhatia, who is currently running the energy retail unicorn, will take over as CEO of Starling from John Mountain, the company’s COO who has been serving as the interim boss ... Read more ›
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The UK crypto industry has received a regulatory boost from the Financial Conduct Authority (FCA) as the price of Bitcoin continues to climb. The FCA this week posted an update to its position on listing cryptoasset-backed Exchange Traded Notes (cETNs), stating it would “not object to requests”. The update represents a slight softening in the ... Read more ›
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Labour will publish an AI strategy and establish a body within government to ensure tech regulation is “clear and consistent”, the party’s shadow science and technology minister has said. Addressing an audience of business leaders at techUK’s policy event in London, Peter Kyle outlined Labour’s approach to tech regulation and confirmed that the opposition party ... Read more ›
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Packfleet, a London-based startup operating an all-electric courier network, has raised $10m (£7.8m) for its Series A funding round. Launched in 2021 by a team of early-Monzo employees, Packfleet handles the delivery service for clients including Pizza Pilgrims and the climate-focused toilet paper brand Who Gives a Crap. Packfleet manages the tech and tracking end ... Read more ›
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Three-quarters of tech leaders believe a Labour government would have a positive impact on UK innovation, according to a new survey. A general election is firmly on the cards this year and both Labour and the Conservative Party have been fighting to win the approval of the business community. New research from the tech funding ... Read more ›
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VC firm Ada Ventures has announced the final close of its new $80m (£63m) investment fund targeting diverse impact startups. Through the fund, Ada Ventures will make investments between £250,000 and £1.5m from pre-seed to seed-stage startups. The firm plans to make between 10 and 12 investments per year in spaces such as climate equity, ... Read more ›
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In this episode of the UKTN Podcast, Allan Nixon, head of science of technology at Onward, shares his assessment of the Spring Budget and outlines steps he thinks Whitehall could take to improve tech sector growth. Off the back of last week’s Spring Budget, Nixon unpacks some of the key announcements – from the ones ... Read more ›
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Businesses should be cautious about employees using generative AI tools like ChatGPT due to the risk of data leaks, according to the founder of a cybersecurity AI startup. Speaking to UKTN, James Moore, founder of CultureAI, said employees are putting sensitive company information into AI chatbots, putting that information at risk. ChatGPT, Gemini and other ... Read more ›
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Suiso, a Rotherham-based company developing industrial-scale, green hydrogen generators, has raised £3m. Founded in 2021, Suiso aims to supply hydrogen generators the size of shipping containers to provide greener power for hospitals, factories, warehouses and filling stations for hydrogen vehicles. “Hydrogen is rapidly emerging as a sustainable way to decarbonise the economy, but cost, availability ... Read more ›
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17.06.2026 05:40
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