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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Pension and savings fintech Cushon has brought in Ellen Louw, a former executive at American Express and Reach PLC, as chief financial officer (CFO). Cushon, which NatWest agreed to acquire a majority stake in back in February, provides workplace savings services including pensions, ISAs and spending targets. New Cushon CFO Louw has joined the firm ... Read more ›
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Revolut will temporarily pause crypto services for UK business customers in anticipation of new regulatory requirements. Announced in an email to customers on Monday, Revolut will not allow business customers in the UK market to buy new cryptoassets from 3 January. They will still be able to hold and sell cryptocurrencies. Retail customers are unaffected. ... Read more ›
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In 2023 the UK’s quantum computing sector has received increasing attention and targeted support. In the March Spring Statement, the chancellor announced a new 10-year National Quantum Strategy aiming to boost quantum research, investment and business readiness.  Initiatives already in progress include the Quantum Catalyst Fund supporting collaboration between startups and universities on quantum ... Read more ›
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In the season finale of the UKTN Podcast, former BBC technology correspondent Rory Cellan-Jones revisits career highlights interviewing the biggest names in tech – from Elon Musk to Bill Gates. The writer and author recalls the frenzy of the dot-com bubble in the UK – and explains the similarities and differences between the plummeting valuations ... Read more ›
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Adobe has axed its $20bn proposal to acquire the design software company Figma after facing extensive regulatory intervention in the UK and EU. The deal was heavily scrutinised by the Competition and Markets Authority (CMA) in the UK, which launched an in-depth probe into the merger in July. The CMA said last month that following ... Read more ›
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The venture division of London-based tech unicorn Improbable has sold its game services subsidiary to Keywords Studios for £76.5m. The Multiplayer Group (MPG), which has 360 employees, counts game publishers Activision Blizzard and Epic Games among its customers. Improbable acquired MPG for £30m in 2019. It has since grown its workforce sixfold, with staff spread ... Read more ›
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The Players Fund, an investment group of athletes past and present, has brought on a new cohort of sportswomen as partners, including Olympic gold medallist Dame Jessica-Ennis Hill. Founded in 2023, The Players Fund aims to put the capital and prominence of professional athletes towards investments into startups. The £40m VC fund launched in August ... Read more ›
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A spaceport in Unst, part of the Shetland Islands, has become the UK’s first licensed site for vertical rocket launches. SaxaVord Spaceport, located on the northernmost island in the Shetlands, has been granted a licence for vertical rocket launches by the Civil Aviation Authority (CAA). Vertical launches refer to a rocket that takes off in ... Read more ›
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This year, climate tech cemented itself as one of the most significant sectors to watch. Mounting pressure from an increasingly unsustainable environment and technological innovations have made climate tech one of the most well-funded spaces in tech. Recent data from HSBC Innovation Banking and Dealroom found that climate tech alone made up almost 20% of ... Read more ›
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Venture capital firm Accel has led a $5m (£3.92m) funding round into Arcane, a startup using AI for digital marketing. The startup, which was founded in late 2021, has created a platform that brings myriad marketing tools into one place including for social, emails and content. Arcane says it has created an AI ‘co-pilot’ that ... Read more ›
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Business support organisation Digital Catapult has appointed Susan Bowen as CEO. Bowen joins the not-for-profit from cloud provider Aptum Group, where she held the role of president and chief executive. The former Hewlett Packard executive will begin her role as Digital Catapult CEO from March next year. She replaces Dr Jeremy Silver, who held the ... Read more ›
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Qogita, a London-based startup looking to make wholesale shopping for SMEs as simple as buying products on Amazon, has secured €80m (£68.6m) in new funding. Founded in 2021, Qogita was created to address the complexities faced by small and medium ecommerce brands when sourcing wholesale products. This process often involves building relationships with suppliers, negotiating ... Read more ›
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Spotta, a Cambridge-based startup that has developed bedbug detection sensors for agriculture and hospitality, has raised £3m. The UK has experienced an unexpected surge in bedbug activity in the second half of the year, with enquiries for pest control companies to deal with the parasitic creatures on the rise and the Mayor of London expressing ... Read more ›
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Jay Shen is the founder and CEO of Transreport, which has created an app to assist disabled passengers on transport networks. The company recently launched its flagship technology, called Passenger Assistance, which has been deployed by National Rail across the UK train network. The smartphone app lets passengers request assistance and plan journeys. Shen founded ... Read more ›
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The founder of fintech Curve believes the company is on the path to profitability after it more than halved losses in its latest financial report. Curve, an app that combines payment cards into a single interface, reported revenue of £45m for the year ended December 2022, up more than four times the £10.7m from 2021. ... Read more ›
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London-based Meniga has raised €15m (£12.9m) to clear its debts and develop its existing digital banking solutions. Meniga provides white-label personal finance management tools for banks and financial institutions, including UniCredit and Swedbank. Using open banking, the fintech company creates digital banking tools for existing banks to provide consumers with insights on areas including cashflow ... Read more ›
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Embedded banking company ClearBank has appointed Megan Cooper, a former Barclays and Starling Bank executive, as its chief product officer (CPO). Cooper has been brought on to lead ClearBank’s product strategy team as the fintech looks to build on the momentum of its latest financial report, in which it doubled its revenue, landing a pre-tax ... Read more ›
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A wealth tech startup backed by the co-founder of Monzo has closed a £1m crowdfund at a pre-money valuation of £12.1m. Prosper is a platform providing access to investments, zero-fee index funds and cash interest. It charges a fee based on a percentage of the customer’s assets held on the Prosper platform. Founded in 2020 ... Read more ›
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All woman-founded teams make up just 7.5% of the UK’s total deep tech startup ecosystem, according to a new report. Research from the Royal Academy of Engineering found that all male founding teams made up 77% of the UK’s 3,500 deep tech startups, while 15% are mixed. Deep tech is a broad category of companies ... Read more ›
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UK quantum and digital startups are being invited to participate in two business support programmes located in Oxfordshire and Daresbury. The two initiatives are being run by the Science and Technology Facilities Council, part of UK Research and Innovation (UKRI). Successful applications will receive tens of thousands of pounds in research and development funding, business ... Read more ›
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17.06.2026 17:12
Last update: 17:05 EDT.
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