A startup developing clean energy-generating boats has secured £5m from Octopus Ventures and Blue Action Accelerator. Bath-based DRIFT Energy is working towards producing vessels that harvest and transport green hydrogen while at sea. The startup has described its product as “net positive ships” as they can harvest energy as they move via underwater turbines. The ... Read more ›
20
The UK advertising regulator has banned promotional ads for Zoe Health and Huel for featuring Steven Bartlett without disclosing his commercial interest in the companies. The Advertising Standards Authority (ASA) ruled that a paid-for Facebook ad for Zoe, a nutrition and wellness startup, from February this year could be considered “misleading” by including an endorsement ... Read more ›
18
A successful merger or acquisition can be a rewarding process, but it can be fraught with challenges. From managing shareholders to completing due diligence, there are many moments when things might go wrong. To find out how to successfully navigate the M&A process, corporate finance advisors Moore Kingston Smith and UKTN brought together four business ... Read more ›
0
Cosine, a startup that says it can “codify” how humans perform software writing tasks so it can be replicated by AI, has raised $2.5m (£1.9m). The round was led by Uphonest and SOMA Capital, with participation from Lakestar, Focal, and others. Founded in 2022 by software engineer Alistair Pullen, exited chief growth officer Yang Li, ... Read more ›
24
LCR Angel Network, a Liverpudlian regional investor group that has facilitated millions in tech investment, has rebranded to Gateway Angels. The group launched in 2017 to provide angel investors in the region with access to early-funding opportunities and grow Liverpool’s startup scene. It has supported funding rounds for startups including Heatio, a Liverpool-based provider of ... Read more ›
1
A startup using AI to simulate emission levels for fleet vehicle trips has closed a $4.3m (£3.4m) seed round. Founded in 2021, Clearly has developed a climate intelligence platform that it says can help fleet operators meet net zero targets. With the transport sector accounting for 25% of global emissions, decarbonising supply chains is a key ... Read more ›
15
This week’s UKTN Podcast guest is Synthesia co-founder and CEO Victor Riparbelli. In this episode, Riparbelli discusses the different appeals of AI-generated video content, the importance of startups implementing strict AI safety controls, and how the UK doesn’t have to follow what he sees as the EU’s mistakes in AI regulation. Riparbelli founded Synthesia along ... Read more ›
2
The climate crisis is not just a looming disaster—it’s also the next big business and tech opportunity. A study of over 100,000 businesses found that those that invest in environmental, social, and governance (ESG) activities are associated with greater revenue growth and EBITDA margins. Moreover, a recent report by McKinsey reveals financially successful businesses incorporating ... Read more ›
0
A University College London spinout developing fast-charging battery technology has raised $12m (£9.4m) in a Series A round. Founded by Dr Tom Heenan and Dr Chun Tan, Gaussion aims to address the long-standing issue of charging speed, which remains a hurdle in the mass-market adoption of passenger and commercial electric vehicles (EVs). The startup states ... Read more ›
1
Revolut and Darktrace backer Balderton Capital has secured $1.3bn (£1bn) across two new investment funds. Balderton raised $615m for its Early Stage Fund IX and $685m for its second Growth Fund. Between the two funds, Balderton will invest in firms from the seed stage through to initial public offerings (IPO). The announcement marks the first ... Read more ›
0
Last month the UK’s financial regulator announced an overhaul of listing rules in a bid to drive more initial public offering (IPO) activity on London stock exchanges. The Financial Conduct Authority (FCA) said the new rules are the “biggest change to the listing regime in over three decades”. The “simplified” listings regime came into force ... Read more ›
0
This week’s UK tech funding deals include quantum computing company Riverlane, digital scent startup OW Smell Made Digital, automated warehouse technology firm PHINXT Robotics and more. UKTN tracked £72.6m worth of UK tech investment this week (5 August to 9 August), a 72% week-on-week decrease across seven funding rounds. Here’s your weekly roundup of UK ... Read more ›
18
Forget proficiency in generative AI, green skills are increasingly being touted as some of the most important skills of the future. According to a recent UN report, the next 10 years are crucial in the fight against devastating global heating, and integral to this fight is ‘green talent’ – workers who are equipped with environmentally-minded ... Read more ›
2
Cocoon, a startup aiming to address the climate emergency by decarbonising heavy industries and creating low-carbon construction materials, has raised £4.2m in pre-seed funding. According to the World Economic Forum, the global floor area is projected to double by 2060, which is equivalent to building out New York City every month for the next 40 ... Read more ›
10
London-based fintech ClearBank has secured a Dutch banking licence, allowing the group to expand to the European Union. The embedded banking company has been eyeing up international expansion for some time, having appointed a UK CEO in February to oversee its domestic operations as it pursues growth elsewhere. Now with a Credit Institution Licence approved ... Read more ›
42
Jorgen Ellis is the CEO and co-founder of Strolll, a startup that has created augmented reality software for neurorehabilitation with a current focus on Parkinsons patients. Founded in 2019, by Ellis with Thomas Finn, and Rupert Barksfield, Strolll’s commercially available AR glasses blend digital content with the physical world to assist treatments. Strolll has received ... Read more ›
14
London-based marketing campaign management software startup Userled has raised £4m in a pre-seed funding round. Founded in 2023, Userled is a no-code platform for marketing teams to create and distribute campaigns. The platform integrates with existing CRM systems to track engagement and end-to-end user journeys. “Marketers have to put significant time and resources into manually ... Read more ›
8
Deliveroo has reported its first-ever net profit since launching more than a decade ago following cost reductions and a push into grocery and retail deliveries. The takeaway delivery app reported a positive profit of £1.3m for the first six months of 2024, its first since 2013, compared to an £83m loss in the same period ... Read more ›
2
Falling UK tech startup valuations have led to an annual £122m paper loss at the state-owned British Business Bank. The development bank, which invests primarily in SMEs across the UK through partners such as VCs, posted a loss 10% lower than in 2023. British Business Bank CEO Louis Taylor said much of the loss at ... Read more ›
0
A startup using AI to simulate emission levels for fleet vehicle trips has closed a $4.3m (£3.4m) seed round. Founded in 2021, Clearly has developed a climate intelligence platform that it says can help fleet operators meet net zero targets. With the transport sector accounting for 25% of global emissions, decarbonising supply chains is a key ... Read more ›
3
Most popular sources
Business Insider
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32% 3 |
The Verge
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10% 2 |
Tom's Hardware
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7% 2 |
Eurogamer.net
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6% 1 |
CNET
|
5% 1 |
| View sources » | |
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27.11.2024 17:48
Last update: 17:35 EDT.
News rating updated: 00:41.
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