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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Goldman Sachs Asset Management and Citi have issued £136m in debt funding to SME lending firm Fleximize. Launched in 2014, Fleximize offers loans up to £500,000 to SME businesses without early repayment surcharges. To date it has distributed more than £300m to UK SMEs. The fintech’s latest capital from Goldman Sachs follows an earlier facility ... Read more ›
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Microsoft and Activision’s revamped merger “opens the door” to the deal being completed, the UK’s competition regulator has said. Under the terms of the revised deal, Activision will sell its cloud gaming rights to Ubisoft instead of Microsoft before the $69bn (£54bn) takeover is completed. The renegotiated deal keeps gaming franchises such as Call of ... Read more ›
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Dr James Clough is the co-founder and chief technology officer of Robin AI, a startup bringing generative AI to the legal sector. Founded in 2019, Robin AI uses a machine-learning model to scour millions of legal documents to suggest drafts and edits for contracts. The London-headquartered company says its technology reduces the time it takes to ... Read more ›
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Climate tech investment fund Blume Equity has received a €40m (£35m) boost from the European Investment Fund (EIF). Based in London, Blume Equity invests into high-growth European tech startups developing tools for decarbonisation and environmental sustainability. Blume has said that while the climate tech sector is one of the fastest growing industries in the European ... Read more ›
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Wamo, a startup offering digital financial accounts to SMEs, has raised $1.5m (£1.2m) in a seed extension round. Headquartered in London, with a significant presence in Malta, Wamo is a business account provider for SMEs. Through a Wamo account, companies can make local and international payments with both a physical and digital card. With a ... Read more ›
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Renew Risk, a London-based startup developing software for the management of renewable energy assets, has raised £1.7m. Founded in 2021, Renew Risk is looking to provide software that covers the funding, arrangement and insurance for businesses with renewable energy assets. It is primarily used by insurance companies, brokers, banks and wind infrastructure developers. The startup, ... Read more ›
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Manchester-based startup Decently has secured £500,000 for its brain injury prediction AI software for clinicians. Launched in 2021 by James Burch and James Chapman, Decently’s Melo tool uses AI to support healthcare professionals with the process of gathering and recording information from patients with brain injuries. “Acquired brain injury is not a new problem, but ... Read more ›
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I’ve worked with my fair share of men over a career in tech that began in the heady 1980s – from those who yelled at me in public meetings, to, more recently, a government-appointed mentor who told me “no one could ever see you as a leader of a tech company”. Unsurprisingly, thirty years ago ... Read more ›
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Sustainability has been in vogue for the fashion industry for many years, but the industry still struggles to reduce its environmental impact. Among the many climate concerns in fashion is the supply chain. Clothing is sourced from all over the world, with the emissions associated with getting goods from A to B a significant contributor ... Read more ›
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Prime Minister Rishi Sunak has pushed back a ban on new petrol and diesel vehicles to 2035 in a slew of changes that investors have said will “undermine” the UK’s net zero targets. The ban on new petrol and diesel car sales will be pushed back from 2030 to 2035, while there will be “far ... Read more ›
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Alumni of the National Cyber Security Centre (NCSC) and Plexal’s startup programme have gone on to secure a combined total of £512m and have generated 1,600 roles. The programme today is announcing the addition of five new cybersecurity companies to its latest cohort. “Cyber threats are now affecting every corner of society,” said Saj Huq, ... Read more ›
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The Wikimedia Foundation, the nonprofit behind Wikipedia, has warned the Online Safety Bill is “threatening the encyclopedia’s ability to function in the UK”. On Tuesday the Online Safety Bill passed through the House of Lords, over a year after its first introduction to parliament. Once granted Royal Assent, it will become law and give Ofcom ... Read more ›
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Fintech company Vodeno has appointed two payments industry heavyweights as CEO and chair. The European banking-as-a-service (BaaS) provider this week named Philip McHugh as chairman and Noah Sharp as CEO. McHugh and Sharp will steer Vodeno’s next phase of growth. The company, which partners with banks and payments service providers, has more than 30 BaaS projects ... Read more ›
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Cambridge-headquartered CMR Surgical has received investment from SoftBank as part of a $165m (£133m) funding round for its medical robots. Founded in 2014, the company’s Versius robots provide assistance for procedures including hernia repairs, colectomies, sacrocolpopexies, lobectomies and hysterectomies. CMR Surgical’s robot assistants have now carried out over 15,000 surgeries since passing EU safety laws ... Read more ›
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Oxford Science Enterprises is leading a £5m investment into Navenio, an indoor navigation software company that doesn’t require GPS. The company’s technology is used by hospitals to manage health teams as they move around the building. By crowdsourcing data from sensors inside employee smartphones, Navenio doesn’t require additional equipment to be installed. It uses AI ... Read more ›
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The UK and Israel will today sign a tech and innovation collaboration agreement following a meeting in London between the nations’ science ministers. As part of the deal, both nations will commit to supplying £1.7m in support for joint tech projects covering advanced research areas such as quantum. The agreement is part of a longstanding ... Read more ›
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The chancellor is meeting with Silicon Valley tech leaders this week in an effort to drive investment into the UK. Jeremy Hunt will meet with executives from Microsoft, Amazon and Alphabet to highlight the UK’s tech sector opportunities. The trip is part of the chancellor and the prime minister’s ambition to make the UK the ... Read more ›
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Revolut has been granted a three-month extension after once again missing the deadline to file its annual financial accounts. The fintech unicorn was initially supposed to file its accounts for 2022 by 30 September on Companies House, the UK’s register of firms. A spokesperson for Revolut said: “We have received an extension for the filing ... Read more ›
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It’s been a huge year for generative AI. You just have to look at the number of products now claiming to have baked-in generative AI, or the swathes of companies eagerly finding ways to implement the technology to realise the effect it is having on the world. ChatGPT, perhaps the best-known example of generative AI, ... Read more ›
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The polarising Online Safety Bill, a piece of legislation granting Ofcom greater authority to scrutinise online content, has been approved by the House of Lords more than a year after it was first introduced in Parliament. The Lords approved the latest amendments today, leaving Royal Assent – the process in which the ruling monarch signs ... Read more ›
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18.06.2026 06:28
Last update: 06:15 EDT.
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