This week’s UK tech funding deals include AI operating system Conduct, financial crime compliance platform Flagright and more. UKTN tracked £111.62m worth of UK tech investment this week (15 June to 19 June), a 58% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Conduct – £44.72m Sector: ... Read more ›
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A Newcastle-based spinout developing technology to instruct protein cells to grow in a certain way for research or commercial use has scooped up £500,000 in seed funding. MarraBio is creating alternatives to bioactive proteins that the company says can “mimic” conventional protein function. The startup claims its protein alternative is both cheaper and has a ... Read more ›
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Digital advertising firm S4 Capital has cut 500 jobs as its share value plunged following a poor performance update stemming from spend-shy tech clients. The digital marketing group, founded by ad veteran Sir Martin Sorrell, lost around 25% of its value Monday morning after it predicted a drop in cash flow in its latest revenue ... Read more ›
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Foreign Secretary James Cleverly has outlined a plan to help developing nations improve skills and innovation in AI as part of a wider United Nations initiative. Cleverly, speaking at the UN General Assembly on Monday, is expected to call on international partners to collaborate in the AI for Development programme. It is being launched in ... Read more ›
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British semiconductor firm Imagination Technologies has registered to go public in New York in what could be the latest blow to the London Stock Exchange. Just days after Cambridge-based Arm completed the biggest IPO of the year on the Nasdaq – snubbing London – fellow chip designer Imagination has announced its intention to go public ... Read more ›
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Albert Einstein single-handedly developed the theory of relativity. Galileo revolutionised our understanding of the universe by inventing the telescope on his own. And Marie Curie, virtually alone, pioneered the discovery and use of X-rays. These individuals did incredible things for science – a while ago. Science is a different type of enterprise today. It’s dependent, ... Read more ›
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Revolut is yet to submit an official application for its US banking licence after taking the preliminary steps over two years ago. The fintech giant submitted a draft banking application with the Federal Deposit Insurance Corporation (FDIC) in March 2021. The filing was a first step in plans to offer full banking service to its ... Read more ›
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The wider adoption of self-driving vehicles in the UK without new legislation could lead to “mass casualties”, according to MPs. In a recent report from the Transport Committee, MPs said that while self-driving cars are an exciting opportunity and have become a “great British success story in the making”, they pose a serious risk without ... Read more ›
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Startup HyperJar has banked $24m (£19.3m) in Series A capital for its money management app and card service. Based in London, HyperJar’s Series A was led by Susquehanna Private Equity Investments and attracted investment from the Healthcare of Ontario Pension Plan. “In a very tough fundraising environment, this investment represents terrific confidence in what we’ve ... Read more ›
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London and New York-headquartered customer data platform Ometria has bagged £8m in funding from CIBC Innovation Banking for US expansion. Retailers use Ometria’s software to create a profile of a brand’s shoppers, which then can be harnessed for marketing efforts. Fred Perry, Hotel Chocolat, Steve Madden and Emma Bridgewater are among the 200 retail brands ... Read more ›
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Barney Hussey-Yeo is the founder and CEO of Cleo, a company that has created a digital assistant to provide personalised financial support for Generation Z. Founded in 2016, Cleo’s budgeting chatbot has been used by millions of young people to manage their finances. In July last year, the London-based fintech closed an $80m Series C ... Read more ›
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Shares in British semiconductor designer Arm surged almost 25% on its first day of trading, following its long-awaited IPO on the Nasdaq. The Cambridge-headquartered company’s share price was initially set at $51, but Arm stock opened at $56 and then jumped to $63.59 before markets closed in New York. Arm designs essential components of computer ... Read more ›
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Despite layoffs dominating the headlines over the past 18 months, the UK’s technology ecosystem is thriving for jobs. According to recent data compiled by Deloitte as part of the government’s Kalifa Review, there are currently over 2,500 fintechs based in the UK and London has established itself as a “superhub”, thanks to its position as ... Read more ›
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Baltic Ventures has unveiled the inaugural cohort of nine tech startups participating in its accelerator at Liverpool Slush’D today. Membership on the Liverpool-based accelerator’s programme provides the companies with a £50,000 equity investment, masterclasses and workshops, mentorship and access to a network of investor contacts. Startups include Manchester-based fintech Financielle, which has developed a collection ... Read more ›
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Embedded banking company ClearBank has doubled its revenue from last year, landing it with a pre-tax profit of £5.9m for the first half of the year. In its latest financial report, the fintech posted nearly £50m in revenue, with deposits growing by 80% to £5.4bn. The company’s finance chief, Mark Fairless, said: “I don’t think ... Read more ›
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Dr Dave Smith has been recruited by the government to serve as the country’s latest National Technology Adviser. The former Rolls-Royce technology director will take over the position from Sir Patrick Vallance, who was first appointed as a science and technology advisor to the government in 2018. “I’m delighted to have the opportunity to harness ... Read more ›
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The Liverpool tech industry, while not yet recognised as a major hub, has made major strides in establishing itself as a key player to watch, closing record deals amid a harsh funding slowdown. In our latest regional report, UKTN takes a close look at the Liverpool City Region’s growing community of startups and investors that are putting ... Read more ›
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Insulation installing robot maker Q-Bot has secured over £3.5m in its latest fundraise to support its expansion across the UK, as well as into Europe and the US. Q-Bot’s robots are deployed under floorboards, where they can spray insulation. The bots also produce a digital twin of the property, which can be used by landlords ... Read more ›
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Cambridge-based chip designer Arm has confirmed its valuation of $54.5bn (£43.6bn) ahead of its IPO on the Nasdaq exchange in New York later today. Shares for the Arm IPO have been priced at $51 (£41) for 95,500,000 American depositary shares and listed under the ticker “ARM”. An extra 7,000,000 in American depositary shares has been ... Read more ›
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Bristol-based deep tech investor SCVC has completed the first close of its second fund, with a target of $100m (£80.2m). Launched in 2020, SCVC, the venture capital arm of the Bristolian deep tech entrepreneur network Science Creates, will look to invest in pre-seed and seed-stage startups operating in advanced technology areas such as biotech and ... Read more ›
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Venture capital firm Antler has announced it is backing seven British technology startups operating in areas including proptech, fitness software and sextech. Shared exclusively with UKTN, the VC is deploying over £1m between its latest investments. The eight new additions to Antler’s portfolio are: Abode: A fintech that assigns a portion of household rent towards ... Read more ›
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22.06.2026 05:35
Last update: 05:25 EDT.
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