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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The UKTN Podcast is back for another series and our first guest is Michelle Donelan, the secretary of state for science, technology and innovation. During the show, the tech secretary discusses the government’s plan to make the UK a “scaleup powerhouse” and provides more detail on some of the support measures involved, such as a ... Read more ›
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Plural, an investment group targeting early-stage tech startups, has announced a new €400m (£342.5m) fund. The group was launched in 2022 by founders and early employees from Wise, Skype, Songkick and others. The investment organisation is based on the idea that startup founders and operators are the best positioned to support the next generation of ... Read more ›
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Sano Genetics, a Cambridge-based software platform for patient recruitment in clinical trials, has raised $11.4m (£9m). The company is aiming to improve the efficiency of medicinal clinical trials by offering pharmaceutical companies catered patient recruitment. The British Research Panel in 2023 published data claiming that only one in five trials find enough participants within the ... Read more ›
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London-listed digital mental health business Kooth has said it expects revenue of £33.3m for 2023. That would represent a year-on-year increase of approximately 65%, Kooth said in a trading update published on Monday. Last year Kooth secured its largest contract to date with the State of California. Kooth launched its digital mental health platform and ... Read more ›
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UK-based tech job-focused search platform Otta has been acquired by French recruitment company Welcome to the Jungle. Founded in 2019, Otta is an employment search tool for startup job seekers. It has worked with companies such as Deliveroo, Checkout.com and Multiverse. The platform lets job seekers create customisable searches for key details such as visa ... Read more ›
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Google’s planned $1bn Hertfordshire data centre has been described as a “huge vote of confidence in the UK” by the prime minister. Announced by Google last week, the 33-acre UK data centre will be built in the Hertfordshire town of Waltham Cross. Prime Minister Rishi Sunak said: “It’s a huge vote of confidence in the ... Read more ›
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Leeds-based climate tech company C-Capture has appointed the former chief of microchip designer Arm as chair. Warren East brings nearly four decades of industrial tech experience to the board of C-Capture, including a 12-year tenure as chief executive of Arm. He then held the CEO role at Rolls-Royce from 2015 to his retirement in December ... Read more ›
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ElevenLabs, a London-based AI text-to-speech company, has been valued at more than $1bn after an $80m (£63m) Series B round. The company, which launched its first beta product in January 2023, has raised a total of $101m in support of its AI voice generation technology. ElevenLabs offers free AI-generated voices based on user prompts and ... Read more ›
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Tech Nation has unveiled the 25 climate startups taking part in its first programme since relaunching without government funding. The six-month programme will provide participating businesses with support in areas such as fundraising and customer acquisition. The cohort includes startups innovating materials, developing reusable packaging and decarbonising housing. Startups on the programme will receive support ... Read more ›
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Deliveroo has upgraded its adjusted full-year earnings guidance amid flat revenue growth for the previous quarter. The food delivery platform reported revenues across all markets of £523m for the fourth quarter of 2023, an increase of 1% from £521m in the year-ago period. Revenues increased by 4% in the UK and Ireland but fell by ... Read more ›
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London-based graphic design generator Recraft has raised $12m (£10m) to fund an R&D drive that includes developing its own generative AI foundation model. Launched eight months ago, Recraft is capitalising on the rapid advances in generative AI technology, which lets users create assets like images or video from text prompts. Recraft has created AI tools ... Read more ›
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Tech unicorns are so-named to reflect the rarity of their mythical namesake. But a goal to make the UK a “scaleup powerhouse” by making the country home to half of all unicorns in Europe by 2030 shows that it is the government which is in fantasyland. The focus on unicorns – a privately held startup ... Read more ›
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Vicky Fuller is the co-founder of Swoperz, a subscription-based preloved kids’ clothing platform. Fuller co-founded Swoperz with Charlene Hurlock in February 2021. The pair were inspired to create Swoperz during lockdown when their children began swapping clothes. The platform lets children aged 6 to 16 swap preloved clothing. They pay a monthly subscription fee to ... Read more ›
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A members-only club for executives, operators and founders from European tech companies is launching its platform to the wider market after securing pre-seed funding. Upscalers has spent two years building a 100-member “exclusive” community and is now expanding its operations. It will host monthly dinners in six European cities – including London – and provide ... Read more ›
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London-based climate tech startups raised $3.5bn (£2.75bn) of funding in 2023, the second-highest globally and ahead of the San Francisco Bay Area. London was beaten only by Stockholm for climate tech funding, with startups based in the Swedish capital city securing $3.6bn. Startups in the Bay Area raised $2.7bn, followed by Boston at $2.4bn. The ... Read more ›
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Barclays Eagle Labs is opening the doors of its newly designed Cambridge coworking space to climate tech startups. The site has reopened with an increased desk capacity for up to 130 people and a 75% increase in collaboration space. The startup support organisation has retrofitted the space with technology – such as hybrid solar power, ... Read more ›
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Cloud spend management platform Vertice has secured $25m (£19.7m) in funding to significantly increase its headcount. Founded in 2021, Vertice provides tools for businesses to track and manage their software and cloud spend. Its platform analyses the software as a service (SaaS) spend of a company and calculates ways to reduce expenditure. The Series B ... Read more ›
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London-headquartered money transfer business Wise has upgraded its income guidance as it reported revenue growth of 23%. Wise – formerly TransferWise – said third-quarter revenues were up from £225.2m a year ago to £276.6m. In a trading update, Wise cited an increase in customers using multiple features as a key growth driver, with approximately half ... Read more ›
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Quantum computing company Quantinuum has secured $300m in funding at a pre-money valuation of $5bn (£3.9bn) in one of the first sizeable funding rounds of the year. Quantinuum provides both software and hardware in the quantum computing space. The round was anchored by JPMorgan Chase, which has previously partnered with Quantinuum to apply quantum computing ... Read more ›
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There is a perception in the West that child labour is an issue confined to a small handful of industries and parts of the world. However, according to HACE founder Eleanor Harry, the problem goes much deeper. “It’s not just a sub-Saharan African or South Asian problem,” Harry says. “There’s about three million children in ... Read more ›
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17.06.2026 13:57
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