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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Griffin, a London-based fintech, has secured a fully operational banking licence and raised $24m (£18.7m) in funding. Founded in 2017, Griffin provides banking as a service tools for financial companies, such as customer onboarding checks and payments. The fintech secured a banking licence in March 2023, a year after its application. Due to regulatory rules ... Read more ›
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The next government must update the UK’s AI strategy to deliver incentives for capital investment, according to trade association techUK. The industry group said that updating the strategy could diffuse AI across the economy and reduce infrastructure costs. The recommendation comes as part of techUK’s seven policy suggestions to support the tech industry ahead of ... Read more ›
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A little over a year ago I wrote the obituary for Britishvolt, which was meant to be the UK’s homegrown hero and a competitor to Tesla. Nine months after the company broke ground on its gigafactory in Cambois in Northumberland, it had been run into the ground, resulting in hundreds of redundancies. The waste and ... Read more ›
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The UK’s crackdown on legal migration won’t affect the tech industry – despite it facing a long-running skills shortage – the government’s tech minister has claimed. Speaking to UKTN, Minister for Tech and the Digital Economy Saqib Bhatti said that despite recent policies from the Home Office designed to reduce migration into the UK, the ... Read more ›
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As another International Women’s Day comes by, it is a stark reminder of the glacial progress in closing the UK tech industry’s gender gap. Much work is being done. A recent report from the women-led high-growth enterprise taskforce, led by Starling Bank founder Anne Boden, made a handful of practical recommendations for businesses. A women-led ... Read more ›
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Software development has been predominantly male-dominated for decades, and though the tide is slowly turning , there is plenty more to do. This International Women’s Day (IWD), we’re taking a closer look at IT specialists in the UK, and highlighting employers which are committed to driving greater inclusivity in the workforce and proactively promoting software ... Read more ›
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Emma Sinclair is the co-founder and CEO of EnterpriseAlumni, a software platform for organisations to engage with alumni for boomerang hires, brand advocacy and referrals. The London-founded but global company counts the likes of Marks & Spencer and BlackRock among its customers. The platform, which can integrate into an organisation’s existing HR tools, also serves ... Read more ›
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Even in a slowed-down macroeconomic climate, the funding deals never end in the world’s third-largest tech industry. To help keep track of the deals that matter most, UKTN is launching a weekly funding roundup every Friday. This week – 4 March to 8 March – includes funding rounds for digital banking giant Monzo, medtech startup Phagenesis, ... Read more ›
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The government has published a plan that aims to drive public and private investment into the space tech sector as part of its goal to make the UK a “science and tech superpower” by 2030. The tech department this week published its Space Industrial Plan, building on the National Space Strategy (NSS) from 2021, as ... Read more ›
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I need to start with a confession. Today is International Women’s Day, but it is a holiday that I’ve never really celebrated. In fact, I’ve never been a fan. As a journalist, IWD was always preceded with a flurry of emails from PRs proffering their female founder or CEO for interviews to tell me their ... Read more ›
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A biotech spinout from the University of Edinburgh developing RNA sequencing technology that could speed up drug development has raised £8.5m in funding. Wobble Genomics claims its technology can overcome challenges for sequencing RNA, a molecule present in most living organisms and viruses. Challenges include RNA’s complex molecular structure and instability. Potential applications for Wobble’s ... Read more ›
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Losses widened last year at London-listed biotech company Oxford Nanopore Technologies despite growing revenue for its life science research tools. Oxford Nanopore posted losses of £154.5m for 2023, around 70% more than in 2022, prompting it to delay its forecast for breaking even to the end of 2027. Shares in the University of Oxford spinout, ... Read more ›
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Funding for women-founded startups in the UK last year was greater than in any other European nation, but gender investment disparity remains a major issue, according to new data. Tech firms with at least one woman founder in the UK secured €3.9bn (£3.3bn) in venture capital deals in 2023, more than double that of France, ... Read more ›
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Male-owned venture capital funds have received 10 times more LP capital than female-owned funds in the last six years in the UK. It’s a shocking statistic, but unfortunately not an entirely surprising one. While more women are entering the sector, the report estimated that currently only 21% of senior roles within venture capital firms are ... Read more ›
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The tech policies announced during Wednesday’s Spring Budget were generally welcomed by the tech community but a lack of radical changes left little to wow the industry. Items on Chancellor Jeremy Hunt’s tech agenda included further funding for AI research and upskilling, an investment commitment to scale R&D and manufacturing, increased support for regional investment ... Read more ›
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Chancellor Jeremy Hunt has delivered the 2024 Spring Budget, with key tech policies including a reversal of angel investor rules, funding for AI and a £360m R&D package. In what’s likely to be the final fiscal event before a general election, the focus was on headline policies like cutting National Insurance for workers by another ... Read more ›
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Tech Secretary Michelle Donelan has apologised and paid damages to an academic she falsely accused of supporting Hamas. Donelan had previously called for the removal of two researchers from advisory roles at a public innovation body. The undisclosed damages will be covered by the taxpayer. In October, Donelan wrote to UK Research and Innovation (UKRI) ... Read more ›
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The UK leads the way in Europe for the proportion of venture capital funding invested in businesses with at least one founder who is a woman, according to a new report by Female Foundry. But with just 16% allocated to women-founded businesses, the fact that the UK performs better than all other countries in Europe ... Read more ›
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Theia Insights, an AI fintech startup providing information for financial professionals, has raised $6.5m (£5.1m). Founded in 2022 by former Amazon Alexa scientist Dr Yu Tian, Theia Insights is a platform for investors that uses AI to generate risk models, portfolio analytics and industry classification insights. Named after the Greek goddess of sight, the Cambridge-based ... Read more ›
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A deep tech trade association has called on the Treasury to provide more support to the UK’s semiconductor sector to prevent it from falling behind other nations. Techworks, which represents the interests of 280 member companies, said the UK “offers the lowest level of incentives to the semiconductor industry among the G7”. Ahead of the ... Read more ›
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17.06.2026 05:40
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