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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Hydrogen-electric aircraft engine developer ZeroAvia has landed $116m (£92m) in the final close of its Series C round. The British-American company is building zero-emission engines for commercial engines. Its first engine, scheduled for completion by 2026, is for aircraft carrying nine to 19 people and capable of travelling up to 300 miles. The Series C ... Read more ›
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Lawrence Jones, a tech entrepreneur who founded UKFast, has been found guilty of drugging and raping two women in Manchester in the 1990s. Jones was found guilty following a three-week jury trial at Manchester Crown Court and will be sentenced on 1 December. He was separately found guilty of sexually assaulting a third person – ... Read more ›
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Japanese venture capital fund SBI Investment has confirmed it will lead a $100m (£79.3m) capital raise into Oxford Quantum Circuits. Today also marks the public launch of the company’s 32-qubit quantum computing platform Toshiko. Its platform is aimed at businesses and can be installed in commercial data centres. UKTN has contacted for more information on ... Read more ›
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Swedish buy now, pay later (BNPL) company Klarna has been approved to offer payments and credit services in the UK after previously operating under temporary authorisation post-Brexit. The new authorisation, provided by the Financial Conduct Authority (FCA), covers Klarna’s term loan, card, one-time card, in-store card and open banking-based payment services. The Stockholm-headquartered fintech established ... Read more ›
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Energy supplier OVO has acquired Bonnet, a startup providing electric vehicle charging availability data via an app. The deal marks an exit for founders Patrick Reich and Eliot Makabu just two years after they launched Bonnet, which aggregates the availability of 27,000 public EV chargers across the UK. The acquisition provides Bristol-headquartered OVO Energy with ... Read more ›
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London-based insurtech startup CatX has raised $2.7m (£2.15m) to connect insurers with capital providers and “bridge the gap” between supply and demand in the reinsurance industry. CatX has created a marketplace that it says can help investors understand insurance risk. It provides tools including advanced risk models and portfolio exposure management. The risk exchange startup ... Read more ›
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London may hog the lion’s share of tech roles in the UK, as the sheer number of high-profile companies headquartered there ensures this, but between startups, scaleups and household names, a new narrative is unfolding outside the capital with ample regional tech jobs. Leeds recently topped a list as the place with the best-paying ... Read more ›
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Tax cuts, R&D and pension reform were hotly anticipated by the UK tech sector in the Autumn Statement. For the fintech and payments space, the focus was also on the much-awaited publication of the Future of Payments Review. Led by Joe Garner, the report explored the ‘good news’ and the ‘trouble brewing’ for UK payments ... Read more ›
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Daniel Attia is the founder and CEO of Creature Comforts, a startup building a pet virtual care app available on a subscription. Founded earlier this year by Attia and veterinary surgeon Russell Welsh, Creature Comforts is aiming to improve the availability and affordability of vet appointments. The startup claims that with the support of its ... Read more ›
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A parcel delivery startup used by brands such as THG and JD Sports has secured $10m (£8m) in seed funding. London-based Relay describes itself as an “end-to-end parcel delivery service” – meaning it transports goods from the first to last mile. The service is currently live in London, with plans to use the funding boost ... Read more ›
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DoorFeed, a London-based data platform providing investment groups with insights on the property market, has raised £6m in a seed extension round. Founded in 2021 by James Kirimy, who previously helped launch Uber’s expansion into the UK and ran its electrification department, DoorFeed aggregates residential properties into portfolios backed by market data for institutional investors. ... Read more ›
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London-based fintech startup Crezco has raised £9.6m for its invoice and payments services targeting business-to-business SMEs. Founded in 2020, Crezco works with small businesses to provide account-to-account (A2A) payment services and invoice processing through open banking. Crezco targets B2B platforms that are looking to replace the use of manual bank transfers and paper invoices. “A2A ... Read more ›
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Founded in 2015, IDEE is a cybersecurity firm that has created a multi-factor authentication (MFA) solution – AuthN – that is 100% passwordless. The scaleup has registered companies in both Germany and the UK, and it has recently invested in growing its team and presence in the UK. Its founder and CEO, Al Lakhani, explains ... Read more ›
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Reactions to the tech policies introduced by the chancellor in Wednesday’s Autumn Statement have been broadly positive from industry figures, although there are criticisms of some of the finer details. A funding boost for AI compute access, an extension to the Venture Capital Trusts (VCT) and Enterprise Investment Scheme (EIS), positive reforms to research and ... Read more ›
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Chancellor Jeremy Hunt has announced a slew of measures aimed at supporting the UK’s tech sector in the 2023 Autumn Statement, ranging from R&D tax credits to additional AI computing resources. Many of the announcements were trailed ahead of Wednesday’s fiscal event, including a new investment zone and quantum computing commitments. Hunt claimed that the ... Read more ›
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A University of Sheffield bioplastics spinout has raised £2m in funding to develop plastic alternatives made from plants. Floreon, which is now based in Hull, says its bioplastics offer a comparable performance to widely used polymers and can significantly reduce carbon emissions associated with oil-based alternatives. The Series A funding was provided by spinout-focused investment ... Read more ›
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Deliveroo riders are not considered employees and therefore not entitled to benefits and collective bargaining from trade unions, according to a UK Supreme Court decision. The decision has concluded a years-long legal battle championed by the Independent Workers Union of Great Britain (IWGB), which represents members of the gig economy. The Supreme Court agreed in ... Read more ›
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HumanForest, the company behind London-based e-bike operator Forest, has secured an extra £5m for its Series A round to bring the total to £17m. The micromobility company launched in London two years ago and says it now has half a million people using its rental e-bikes. HumanForest secured the additional equity funding from investment firms ... Read more ›
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Phare Health, a London-based startup founded by DeepMind and Google Health alumni, has raised £2.5m for its AI products for clinicians. Founded in August, Phare Health is developing AI tools to support the administrative efforts of healthcare professionals. Short staffing and tight budgets have left hospitals and clinics with significant backlogs and Phare Health claims ... Read more ›
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The government-backed spinout review, which recommended universities take reduced stakes in startups created by their faculty and students, has been met with widespread approval from universities and investors. Published on Tuesday, the review included a recommendation for universities to take a 10% to 25% stake in IP-intensive spinouts – such as life science firms – ... Read more ›
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17.06.2026 20:21
Last update: 20:15 EDT.
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