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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ExactTrak, a cybersecurity company that has developed remote physical memory destruction technology, has raised £1m. Based in Banbury, ExactTrak provides firms with embedded security solutions to protect devices and data from attacks. The company says its flagship product, SmartSafe, remotely monitors devices and performs cyber surveillance when the machine is switched off. Features include location ... Read more ›
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Startup valuations in the UK & Ireland bucked a broader downround trend across wider Europe in 2023 amid the “year of correction”. Last year downrounds – in which a company raises capital at a lower valuation – were widely reported at companies including Gousto, Getir and eToro. Across Europe, 21.3% of deals were downrounds compared ... Read more ›
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Napier AI, a London-based financial crime compliance software provider, has raised £45m in debt financing from US investor Crestline. Founded in 2015, Napier AI develops anti-money laundering solutions for the banking, payments and asset management industries. Clients use Napier’s software to screen, monitor and identify suspicious activities and to perform regulatory reporting directly from the ... Read more ›
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London-based VC firm Molten Ventures has acquired a secondary position, worth €8.5m (£7.3m), in a Seedcamp investment fund. Molten Ventures acquired approximately 19% of Seedcamp’s Fund III, which launched in 2014 with $30m. The vintage fund contains a handful of now-prominent tech firms, including Revolut, Curve, Wefox and Pleo. The group said it does not ... Read more ›
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The government has launched an accelerator for UK tech startups looking to expand into the German market. Managed by the Department for Business and Trade (DBT), the accelerator will offer places for six British emerging tech companies and will provide training and resources to grow their presence in Germany. The accelerator is seeking startups in ... Read more ›
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Scientific research is a vital part of the innovation economy and one in which the UK prides itself on excelling. Researchers at academic institutions devote their lives to studying disease, medicine, environmental damage and other important areas that need the attention of experts. Several options exist to direct funding towards scientific research in the UK. ... Read more ›
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University of Nottingham spinout IsomAb has raised £7.5m for its research into treatments for diabetic patients. Founded in 2022, IsomAb is developing a process to treat those at risk of amputation due to diabetes. The startup is currently working on treatments for peripheral arterial disease (PAD), a condition where arteries in the legs and feet ... Read more ›
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Calls are growing to reverse a change to angel investment rules that disproportionately excludes female investors and to launch an inquiry into how the policy was decided. The government introduced new rules at the start of February raising the income threshold to qualify for Sophisticated Investor status – which opens up greater investment opportunities – ... Read more ›
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Challenger bank Monzo is reportedly closing in on a new funding round that would value the British fintech company at around £4bn. The London-based digital bank, which has become one of the most popular financial service providers with more than seven million users, is in the late stages of a fundraise of up to £350m, ... Read more ›
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Insurance startup Juniper has raised £1.5m in a pre-seed funding round for what it calls the “first-ever” coverage for reproductive organs. Founded in 2023, Juniper is a new insurance provider looking to address the gap in comprehensive genital insurance in the healthcare market. Research from Imperial College London found that in the UK, one in ... Read more ›
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This week’s UKTN Podcast guest is Suki Fuller, founder of Miribure. In this episode, Fuller discusses the power of advocacy to improve gender and ethnic diversity in tech, unpacks the importance of storytelling in data, and explains why we should dispel the myth that tech is a “highfalutin career path”. Fuller founded Miribure in 2015. ... Read more ›
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Carbon data provider Sylvera has brought on former Google and Dropbox executive Adrienne Gormley as chief operating officer (COO). Sylvera analyses the effectiveness of carbon offset projects for corporate clients to give a clearer understanding of where money should be directed. The London-based firm has raised around $100m since its launch in 2020, with recent ... Read more ›
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EVIOS, a startup developing home charging solutions for electric vehicles, has raised £4m for its Series A round. Founded in 2022, EVIOS aims to make the adoption of EVs simpler for UK consumers by providing at-home charging options. EVIOS’s home charging system comes with features such as solar integration and cost-based charging. “The EV market ... Read more ›
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PhaSER Biomedical, a Scottish startup specialising in drug discovery, has secured a $2.3m (£1.8m) grant from the Bill and Melinda Gates Foundation. The new grant funding will support a three-year programme from PhaSER Biomedical in collaboration with the Gates Foundation-backed Global Health Discovery Collaboratory Programme. Founded in 2022, the Edinburgh-based business is developing models that ... Read more ›
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The Estonian government is launching a legal sandbox for UK startups to test new regulations aimed at removing “bottlenecks” that hamper innovation. The sandbox is being launched by Accelerate Estonia, a government-backed innovation lab. UK tech companies will be supported by Oxford-based consultancy Oxentia. A launch event on 6 March in London will see 10 ... Read more ›
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Lifted Ventures, a Leeds-based angel investment network, has launched to back women-led startups in the north of England, which receive a fraction of the capital of their male counterparts. The group was launched based on research that found female-led businesses on average generate double the revenue for each pound invested, despite receiving minimal funding. Funding ... Read more ›
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Bristol-based microchip company Graphcore is exploring a sale into foreign ownership as it struggles to raise new funds, according to reports. The company was said to be exploring options from major tech firms, including from overseas, amid widening losses. Graphcore reported losses of $204.6m for 2022, 11% higher than the year prior. Revenue dropped from ... Read more ›
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Workflow management software provider Checkit said it is approaching profitability with increased revenue and losses halved for 2023. Checkit’s management software is also used for automated employee monitoring for remote “deskless workers”. The Cambridge-based firm, which develops workplace software used by the NHS, BP, Waitrose and Center Parcs, posted a 16% increase in annual recurring ... Read more ›
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The government has awarded nearly £20m to form four research and innovation partnerships aimed at addressing regional inequality. The “Local Policy Innovation Partnerships” (LPIPs) scheme aims to drive economic growth in Wales, Scotland, Northern Ireland and Yorkshire. The LPIPs will support projects including upskilling in Northern Ireland, incorporating sustainable practices in rural business communities in ... Read more ›
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Robyn Scott is the CEO and co-founder of Apolitical, an online learning platform and community for government workers. Founded in 2015 by Scott and Lisa Witter, Apolitical uses technology to share information between governments to avoid duplication of effort in tackling problems. The London-based company says it aims to bring 21st-century learning into government. It ... Read more ›
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17.06.2026 08:19
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