London-based micromobility company Forest has secured a further £27m in funding, taking its total Series B round to £40m. The round supports the continued expansion of Forest’s e-bike operations as it scales across the capital. The company has invested in 2,600 parking bays to date, and the new funding will enable further investment in the ... Read more ›
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Britain has long been a nation where important technologies begin. From the jet engine to the stored-programme computer, the country has repeatedly produced breakthroughs that shape entire industries. Quantum computing is the next test. The UK government’s recent commitment of up to £2bn to accelerate its development and commercialisation reflects the desire to propel quantum ... Read more ›
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Share scheme and equity management platform Vestd has been granted approval by the Financial Conduct Authority (FCA) to operate the Private Intermittent Securities and Capital Exchange System (PISCES). The PISCES framework was established by the FCA in June 2025 and allows private firms to auction off shares to professional and institutional investors without the need ... Read more ›
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Online education platform Virtual Class Limited – trading as Third Space Learning (TSL) – has raised £4.4m to scale its AI tutoring service. The funding was provided by the British Business Bank’s South West Investment Fund, managed by Maven Capital Partners, alongside Blackfinch Ventures and existing investors Foresight and Nesta. Swindon-based TSL delivers curriculum-aligned, online ... Read more ›
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The UK must “master” AI, the “defining currency of the age” to secure its position in history, according to Technology Secretary Liz Kendall in the announcement for a new AI hardware plan. Speaking at the Royal United Services Institute (RUSI), Kendall warned that if the UK fails to master chips, compute and AI, it will ... Read more ›
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LemFi, the Nigerian-founded remittance fintech, has announced plans to invest £100m in the UK as it moves its global headquarters to London. First founded in 2021, LemFi was launched to offer financial services to immigrant communities. The company entered the UK last year via the acquisition of the London-based fintech Pillar and will now anchor ... Read more ›
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This week’s podcast guest is Rebecca Sykes, a partner at Brandtech, who discusses how AI is being used to transform marketing. The firm has worked with global brands and believes AI-generated content can revolutionise the creative industries. She describes the firm’s system as the nervous system of modern marketing, connecting cultural signals, media performance and ... Read more ›
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Smart money app Plum has announced that the company has reached operational profitability for the first time. Plum has reported strong financial growth of 60%+ year on year, along with making £34m in annual recurring revenue (ARR). The app has multiple income streams spanning customer subscriptions, asset-based revenue and transaction revenue, which have together contributed ... Read more ›
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YFM Equity Partners has invested £7.6m into Swanky, a full-service Shopify Platinum agency headquartered in Exeter. Swanky specialises in helping retailers and brands launch, scale and optimise their ecommerce operations within the Shopify ecosystem. The agency was appointed as one Shopify’s first ‘Plus’ Partners in EMEA in 2016. YFM’s investment will support Swanky’s continued growth, ... Read more ›
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UK-headquartered AI superintelligence company Ineffable Intelligence has secured $1.1bn (£814m) in seed funding. Ineffable is developing a new generation of algorithms that learn through experience. Instead of being trained only on vast amounts of existing data, these systems interact with their environment, test ideas and improve over time, allowing them to discover new solutions and ... Read more ›
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The University of Southampton and biopharma company UCB have launched the Digital Antibody Research Collaboration (DARC) to develop an end-to-end platform for the in-silico design of therapeutic antibodies. In-silico refers to research, modelling or experiments conducted solely on a computer or via simulation. DARC seeks to rapidly develop, implement, test and apply cutting-edge technologies to ... Read more ›
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Reading-based independent power producer Enviromena has signed an £825m senior portfolio financing package to facilitate a major expansion of its renewable energy platform. This milestone represents a significant step forward for Enviromena, strengthening its ability to deliver projects at pace and at scale as demand for clean, domestically generated energy continues to grow. The funding ... Read more ›
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Scotland Women in Technology (SWiT) will fund two new cohorts of The Data Lab’s Data and AI Leadership Programme in a bid to boost AI leadership skills among women working in the Scottish tech ecosystem. The news is part of a wider multi-year partnership between SWiT and The Data Lab to create opportunities for early ... Read more ›
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Seraphim Space Investment Trust (SSIT) has announced plans to raise up to £350m through a C-share offering. The spacetech investor says it intends to invest in companies that have come through its accelerator programme or venture fund, in addition to investing in new growth opportunities. The proposed fundraise follows a period in which SSIT private‑market ... Read more ›
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Cambridge-based medtech PlaqueTec has raised $5m (£3.7m) in an oversubscribed financing round funded by the company’s existing investor base. PlaqueTec is pursuing a better understanding of the biological mechanisms of atherosclerotic cardiovascular disease (CVD) to advance the development of precision medicine. Atherosclerotic disease causes plaque build-up that narrows or blocks the arteries that supply blood ... Read more ›
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The United Kingdom has a ‘significant opportunity’ to lead the next wave of robotics innovation and deployment, according to a new report published today by techUK. The Seizing the Robotics Opportunity report highlights how breakthroughs in AI, sensing technologies, computing power and advanced materials are converging to create increasingly capable, connected and autonomous robots. It ... Read more ›
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This week’s UK tech funding deals include AI management platform Cloudsmith, synthetic fuel developer Rivan and more. UKTN tracked £103.3m worth of UK tech investment this week (20 April to 24 April), a 35% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Cloudsmith – £53m Sector: AI HQ: Belfast ... Read more ›
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Revolut and Wayve investor Balderton has appointed veteran tech executive Phillip Chambers as its latest partner. Chambers, who has spent more than 20 years working across the tech and investment sectors, will focus on early-stage investments at the London-based venture capital group. He has held a number of prominent tech roles, including as the chief ... Read more ›
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Omid Pakseresht is the founder and chief executive of GOODFOLIO, a company building AI systems to solve problems in enterprise environments. In this week’s Founder in Five Q&A, Pakseresht discusses why founders need to be able to think in systems, always understanding how hiring, features, strategies connect with each other. Which role was the most important ... Read more ›
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The UK government “stepped back from the brink” of what could have been an “absolutely devastating” move when it rolled back its controversial AI copyright proposals, according to the artists’ union Equity. Last month the government published a report updating its position on AI copyright policy. In it, it was announced that it would no ... Read more ›
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28.07.2026 17:44
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