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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The UK’s climate tech sector could receive a £4bn investment from Qatar as the Middle Eastern nation looks to establish a green energy research facility in southern England. Funded by the Qatar Foundation, the university-style facility will also be supported by a partnership with Rolls Royce. As reported by the Sunday Times, £1.5bn will be ... Read more ›
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London-headquartered Kroo Bank is looking to raise up to £70m in a Series C funding round to grow its customer base and build its quality loan book. The challenger bank said it aims to achieve profitability with the closure of its latest raise, which is targeting £55m to £70m from venture capitalists, family offices and ... Read more ›
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Scottish health tech startup Microplate Dx has secured a £2.5m seed investment round to develop its diagnostic platform for bacterial conditions. Founded as a spinout from the University of Glasgow, Microplate Dx has built a platform backed by a proprietary data processing algorithm to rapidly test the antibiotic susceptibility of bacterial infections. Doctors can then ... Read more ›
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Oxfordshire-based space tech company Open Cosmos has raised $50m (£40m) to support the development of its satellites that provide organisations access to data on climate change and sustainable natural resources. Founded in 2015, Open Cosmos designs builds, launches, operates and maintains its satellites through its OpenOrbit division. Other divisions in the company include OpenConstellation, which ... Read more ›
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Twig, a bioengineering startup based in London, is emerging from stealth today with a £3m fundraise. The startup is using AI and robotics to find sustainable replacements for harmful ingredients like palmitic acid, isoprene and acetone out of bio-fermented bacteria cells. Whilst in stealth for the last five months, the biotech has used its computerised ... Read more ›
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The startup growth programmes run by Tech Nation generated a greater impact value than their public grant funding, according to government-commissioned research. An evaluation of the efficacy of funding granted to Tech Nation during its final three years, conducted by consultancy firm Frontier Economics, found the organisation’s growth programmes generated £44m in economic impact. During ... Read more ›
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A Scottish startup developing a flat-pack solar water heater that can be assembled in 20 minutes has received £150,000 in funding from the British Design Fund. SolarisKit is the brainchild of Dr Faisal Ghani, who came up with the concept during his work at the Heriot-Watt University. Ghani discovered a paper regarding how heating in ... Read more ›
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Rapid delivery startups scooped billions in venture capital cash during the low-interest rate-induced funding boom. The pandemic’s stay-at-home restrictions gave a shot in the arm to the market, which aims to bring groceries to customers’ doors in 20 minutes or less. But in 2023, the market is in a very different place. Mergers, closures and ... Read more ›
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Innovate UK has awarded a £5.8m pool of funding to projects manufacturing key technologies in the drive to net zero. The Driving the Electric Revolution Challenge Fund, from UK Research and Innovation (UKRI) and delivered by Innovate UK, will provide cash to 12 projects that have been identified as key to the net zero transition. ... Read more ›
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Shop Circle has bagged $120m (£96.1m) in Series A funding for its AI-powered ecommerce software tools that aim to optimise brands’ online shopping experiences. The round, led by 645 Ventures and 3VC, will fund the development of its software which includes tools for digital content-selling, physical store maps, referral programs, shipping calculator and restock notifications. ... Read more ›
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The UK’s data watchdog has launched an investigation into female fertility apps following concerns over data harvesting and security. The Information Commissioner’s Office (ICO) conducted a survey that found more than half (54%) of women using period-tracking and fertility apps were being served relevant targeted advertising after use. Apps like these are used by women ... Read more ›
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Challenger bank Zopa has raised £75m in debt funding as it waits for the “right macroeconomic and market conditions” to IPO. The tier two debt funding comes from prior investors, a Zopa spokesperson told UKTN, and is for “rapid growth without diluting the equity position of its shareholders”. The spokesperson added that opting for debt ... Read more ›
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Leila Thabet is the founder of Naytal, a virtual clinic for women that was acquired by US digital health company Maven Clinic. Thabet founded London-based Naytal in 2021 and served as its CEO until it was acquired by Maven Clinic in early 2023. She is now VP of global growth and partnerships at the US ... Read more ›
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The first wave of projects aiming to increase the adoption of quantum computing in the public sector has been unveiled by the government and Innovate UK. Notable players in Britain’s quantum computing space, including Riverlane and Cambridge Quantum Computing, are among those sharing a £15m prize funding pot. The Quantum Catalyst Fund aims to identify ... Read more ›
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Early-stage and AI-focused venture capital firm Air Street Capital has secured $121.2m (£97.3m) for its latest fund. Angels contributing to its second fund hail from the likes of Google, Spotify, Wayve, OpenAI and DeepMind according to the investor. Nathan Benaich, general partner and founder of Air Street Capital, said: “AI is a force multiplier for ... Read more ›
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Ministers have conceded that it is not “technically feasible” to scan encrypted messages for explicit child abuse material without undermining privacy in a de-escalation of a row with technology companies over the Online Safety Bill. Messaging apps including WhatsApp, owned by Facebook parent company Meta, and Signal had threatened to leave the UK if asked ... Read more ›
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The UK has rejoined the Horizon Europe programme under “bespoke” terms today after a three-year absence due to the country’s exit from the EU. It unlocks €95.5bn (£82.bn) in capital that UK scientists can now apply for grants from until the programme’s end in 2027. Researchers can now also Horizon Europe project consortium. “Horizon will ... Read more ›
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The government has bolstered the ranks of the advisory board for its AI taskforce with experts in computer science and cybersecurity amid a rebrand that shifts the focus to “frontier AI”. Yoshua Bengio, a Turing Prize Laureate, and GCHQ director Anne Keast-Butler have been appointed to the external advisory board of the government’s Frontier AI ... Read more ›
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Autonomous mining equipment maker Tribe Tech has completed an IPO on the London Stock Exchange’s Alternative Investment Market (AIM) in a boost for the UK’s capital markets. Listing under the ticker “TRYB”, the business raised £4.59m in gross proceeds at a market capitalisation of £22.2m on Tuesday. It initially sought to raise £0.4m. The company ... Read more ›
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London-based AI cybersecurity startup Mindgard has secured £3m in seed financing from investors IQ Capital and Lakestar. The startup has developed a platform for businesses to test the security of AI models. Mindgard says its platform interoperates with “almost any” cybersecurity system. Mindgard was founded last year by Garraghan, Steve Street and Dr Neeraj Suri. ... Read more ›
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20.06.2026 06:11
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