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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Southampton-based drug discovery startup Curve Therapeutics has raised £40.5m in a Series A round led by Pfizer’s investment arm. Founded in 2019, Curve Therapeutics is developing a platform to discover biologically active molecules against targets that the company said have been difficult to address using conventional drug discovery. The Curve Therapeutics Microcycle platform examines the ... Read more ›
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Events platform Hopin is winding down its UK business and relocating its headquarters to the US. It comes six months after the company once valued at nearly $7.8bn sold its virtual events unit for $50m (£39m) to RingCentral. Company filings show that Hopin appointed PWC to oversee the liquidation process. Hopin has entered voluntary members’ ... Read more ›
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The UK has always been a hub of innovation, from inventing the lightbulb and the telephone to discovering the medicinal benefits of penicillin and the structure of DNA. You could say innovation runs in the genes of this country. Recent advances in artificial intelligence are now merging technology with life sciences. Considering Britain’s strong historical ... Read more ›
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VentureCEO, a business support programme for early-stage CEOs, has today launched with backing from Amazon Web Services and AlbionVC. The free scheme has been launched by accountancy firm Cooper Parry’s tech and high-growth team. The programme will include coaching from later-stage CEOs and a commitment of support from firms in the legal, accounting, HR, PR, ... Read more ›
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In this week’s episode of the UKTN Podcast, Jess Jackson, investment manager at Manchester-based VC Praetura Ventures, discusses the challenges startups in the North face, the stark gender divide in the tech and investment worlds and how the government should be supporting small businesses and underrepresented entrepreneurs. Jackson joined the Manchester-based venture capital firm in ... Read more ›
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The UK and United Arab Emirates (UAE) will explore ways to collaborate in AI research and investment as part of the tech secretary’s visit to the Middle East this week. Tech Secretary Michelle Donelan is today visiting the UAE and over the two-day trip will discuss deepening ties between the two countries for AI development. ... Read more ›
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University of Leeds spinout Adsilico has secured a £3.5m investment for its AI-powered medical device testing system. Founded in 2022 based on research from the West Yorkshire university, Adsilico has developed a method for trialling new devices before entering human clinical tests that the company claims reduces costs, accelerates R&D timelines and eliminates the need ... Read more ›
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NCG, a London-based tech infrastructure developer, has appointed Christopher Baldock as its new chair. Founded in 2019, NCG provides tech solutions for “built environment” firms, servicing the real estate and urban logistics industries in the UK and Europe. The company works will clients including Deliveroo, CloudKitchens and Colliers, providing internet connectivity, smart security systems and ... Read more ›
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Major UK investors in Apple have called on the tech giant to publish transparency reports about its use of AI and associated risk management. Scottish asset manager Abrdn and London’s Legal and General Investment Management (LGIM) are planning to back a resolution for the company to disclose information about the ethics and usage of its ... Read more ›
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The biggest rate limiter on UK tech is no longer capital or talent. It’s not even regulation. It’s regulators. For decades, startups, investors and government alike have focused their energy on capital and talent reforms, two of the most critical ingredients for any tech ecosystem. Today, VC investment has increased tenfold in just over a ... Read more ›
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A Scottish government-backed programme has launched its first hub in San Francisco to foster ties between startups from Scotland and the Silicon Valley tech community. The Techscaler pilot programme will see 12 startups work out of an office at the heart of Silicon Valley for around two weeks at a time. The facility is located ... Read more ›
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Endeavor Ireland, a non-profit supporting tech entrepreneur growth, has announced the cohort for its second Northern Ireland scaleup programme. Based in Dublin and Belfast, Endeavor runs various networking and development programmes for “high impact” companies. The Northern Ireland scaleup programme is a five-month project that will include mentorship sessions tailored to the participants, with the ... Read more ›
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Work-life balance ranks as a bigger priority of all work benefits for UK workers, more than higher pay (61% vs 39%) in both current and future jobs, according to the latest Amex Trendex Report. Looking at priorities for 2024, the survey found that almost three-quarters of UK workers (71%) say having a good work-life balance ... Read more ›
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The CEO of London-listed fintech CAB Payments is stepping down less than a year after its lacklustre initial public offering. Bhairav Trivedi, who has run the money transfer firm since 2021 and oversaw its July IPO, will step down on 26 March. Trivedi will transition to an advisory role on the board. “On behalf of ... Read more ›
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This week marks the grim two-year milestone of Russia’s full-scale invasion of Ukraine. It’s an unfortunate truth that war breeds innovation. Yet the accelerated development of defence tech to aid Ukraine’s war effort – from both Ukraine itself and its allies – has prompted a remarkable display of unity within the European tech ecosystem. From ... Read more ›
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Dominic Vergine is the CEO and founder of Monumo, a startup that is using AI to redesign the electric motor. Founded in 2021, Monumo this week came out of stealth backed by £10.5m in seed funding. The deeptech startup’s machine learning tools can run millions of simulations per day to test alternative designs of the ... Read more ›
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Overall investment into UK-based AI companies almost halved in 2023 compared with the year prior despite the technology dominating the zeitgeist, according to new research. Last year, 291 UK AI companies raised £1.4bn across 311 announced funding rounds, compared with the £2.9bn raised in 2022, according to an annual private equity report from Beauhurst. The ... Read more ›
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The UK tech startup and investor landscape is facing significant ramifications from updated definitions for sophisticated investors and high-net-worth individuals under new financial promotion rules. In the absence of a U-turn from the chancellor, a pragmatic approach is required to undo the damage to the tech ecosystem. From January 31, the salary threshold for a ... Read more ›
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Samphire Neuroscience, a London-based medtech startup specialising in women’s health, has raised £1.8m in funding. The startup was founded in 2021 to address, what co-founder and CEO Emilė Radytė described as, the “notoriously under-researched and underfunded” issue of women’s menstrual health. Samphire Neuroscience is developing a wearable tech device to address a range of challenges ... Read more ›
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Regional independent industry association FinTech Wales has appointed former Founders Factory strategist Sarah Kocianski as CEO. Founded in 2019, the organisation represents Wales’ fintech community, offering a collective voice for government lobbying and acting as a collaborative ecosystem for the industry. The group also runs the FinTech Wales Foundry accelerator for promising startups in the ... Read more ›
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17.06.2026 08:19
Last update: 08:11 EDT.
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