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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Entrepreneurs have picked Labour as the party for business as election season looms, according to a recent survey. Conducted by The Entrepreneurs Network, the survey of 500 firms in the UK found that 43% of founders agreed that Labour understands what businesses need to succeed, compared with 26% who said they did not, leaving the ... Read more ›
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The legal tech sector in Leeds contributes £374m to the region’s local economy, according to a new report. The legal sector in Leeds has grown by 19% since 2020, while the local tech sector has skyrocketed 110% to £15bn, according to the report by Whitecap Consulting. The report also found that the legal and tech ... Read more ›
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Just Eat Takeaway has upgraded its earnings forecast and expects to achieve cash flow break-even in the second half of 2023. The London-listed takeaway platform upgraded adjusted earnings guidance to approximately €310m (£269m), up from a previous forecast of €275m (£238m). Just Eats’ third-quarter results were boosted by a 5% rise in UK and Ireland ... Read more ›
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Manchester-based cybersecurity startup Netacea has raised £4.5m from Mercia Asset Management as a new CEO takes the reins. Founded in 2022 as a spinout from IT consultancy firm Intechnica Holdings, Netacea is a machine learning-based bot detection startup. The platform can be deployed on websites, apps and APIs to detect user behaviour to identify automated ... Read more ›
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The government must avoid weakening the strength of competition regulators in their capacity to manage Big Tech, according to a Conservative peer. Baroness Stowell, Tory peer and chair of the House of Lords Communications and Digital Committee, has written to the prime minister emphasising the importance of robust competition regulation as the Digital Markets Bill ... Read more ›
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With just two weeks to go until the UK hosts the first international summit on AI safety, the Conservative’s AI boss spoke to UKTN about the focus of the event, criticisms of it, and the symbolic importance of its venue. Jonathan Berry, the Viscount Camrose and a hereditary peer, was appointed by the prime minister ... Read more ›
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An AI startup that has created image recognition tools for businesses has secured £2.2m in funding. London-based Captur has built a platform that lets businesses use a smartphone camera for bespoke image recognition applications in sectors including logistics, transportation and automotive. One such example is a delivery driver using a smartphone camera to verify that ... Read more ›
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Today’s knowledge workers often get lost in decision-making. When using so many different collaboration apps and productivity tools, it can be really hard to know how to get it right. That’s why business transformation experts, Adaptavist, and work management leaders monday.com are coming together on Thursday to host an inaugural London community event at Adaptavist’s ... Read more ›
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Reducing the digital divide among the UK’s nations and regions could provide a £4.8bn boost to the economy, a new report has found. Despite digital infrastructure improvements across the UK, trade association techUK said it had found a stark gap between some nations and regions. For the first time the Local Digital Index – now ... Read more ›
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Cryptocurrency exchange Binance has halted the onboarding of UK customers amid a regulatory crackdown from Britain’s financial watchdog. Binance announced on Monday evening that it would not take on new customers in the UK, giving them a one-hour notice of the change. The world’s largest crypto exchange had been exploring its options to provide its ... Read more ›
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Entrepreneur support network Tech Nation officially relaunched on Monday with a pledge to help startups on its cohorts secure a cumulative £10bn in funding over the next five years. Tech Nation closed operations in March after losing a bid for a £12m government grant – its primary source of income – to Barclays Eagle Labs. Founders Forum ... Read more ›
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Beta Bugs, a Scottish startup that genetically engineers insect eggs for alternative protein farming, has raised £1.72m. Founded in 2017, the Edinburgh-based company has developed a selective breeding programme and egg production site for black soldier flies for use as livestock feed. The practice of insect farming has exploded in popularity, with a recent study ... Read more ›
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In this episode of the UKTN Podcast, Eileen Burbidge, partner at Passion Capital, discusses the lessons she learned from working in Silicon Valley during the dot-com bubble, examines the differences between the UK and US tech sectors, and shares how reproductive health support is the new frontier for employee benefits. You can listen to ... Read more ›
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Birmingham’s tech ecosystem is set to benefit from a £1m investment from TechWM, the not-for-profit startup advocacy group. Announced during the group’s industry event, Birmingham Tech Week, the funding will go towards a new acceleration programme for scaling regional startups. The investment will also go towards an ecosystem platform that will collate all of the ... Read more ›
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Scottish venture capital firm Par Equity has announced the first close of its £100m northern startup fund. The VC today announced it had closed £67m with an aim to hit the £100m target sometime next year. Looking to address the funding gap in the UK for tech startups outside London, Par Equity’s latest fund will ... Read more ›
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The government has unveiled a £32m funding pot for businesses and research teams looking to incorporate AI technology in new use cases. AI projects across a diverse range of areas including fashion and agriculture will be supported by government funding in the lead up to the AI Safety Summit. An additional £5m has been awarded ... Read more ›
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The government has unveiled the agenda for the opening day of its AI Safety Summit in November that will focus on the risks of frontier AI. The two-day event set to take place in Bletchley Park from 1 November will open with parallel sessions on understanding frontier AI risks including to national security. Topics will ... Read more ›
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Next month more than 70,000 people are expected to descend on Lisbon for the annual Web Summit. Representing fast-growth businesses, policymakers, founders and CEOs of some of the world’s largest tech businesses, the four-day summit will look to answer the question – what’s next for the tech industry? Web Summit is also home to the ... Read more ›
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The UK technology sector has been buffeted by significant changes over the last few years. From the switch to remote working due to the Covid-19 lockdowns and increased reliance on the cloud, to the most recent developments in generative AI, digital technology has never been more integral to everyday life. While this is an inevitable ... Read more ›
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A group of London universities have collaborated to launch an initiative to provide funding and support for social venture startups in the city. The London Social Venture Fund from University College London (UCL) and Queen Mary University of London will provide early funding for startups pursuing a “social goal”. In total, there are 11 London ... Read more ›
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18.06.2026 02:00
Last update: 01:55 EDT.
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