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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Wellmind Health has appointed techUK and NHS England’s SME commercial advisory board member Heather Cook as its newest chair. Launched in 2011, the Brighton company provides digital treatments for chronic pain management, mental health and addiction. Mark Hunt, CEO of Wellmind Health, said: “With increasing patient demand and sustained pressures on healthcare services, such as ... Read more ›
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British chip designer Arm is targeting a valuation of more than $50bn (£40bn) for its hotly anticipated IPO. In a regulatory filing published on Tuesday, Arm estimates shares will be priced between $47 and $51. With 95,500,000 shares being offered that puts the valuation between $50bn and $52bn. The company said it may issue compensation ... Read more ›
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Milton Keynes-based holographic tech company Envisics has secured a further $50m (£39.8m) in funding from investors. The top-up means the company has closed its Series C round at more than $100m (£79.6m). Envisics’ final Series C tranche saw M&G Investments come on board as a shareholder. Previous backer Van Tuyl Companies provided follow on investment. ... Read more ›
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A wave energy machine developed by Mocean Energy is scheduled to be deployed in Orkney following a £3.2m (€3,749,405) investment coming from EU funding. The Scottish company has developed technology to harness the energy of waves offshore. One of those machines, the Blue Horizon 250 (kW), will be connected to the grid via the European ... Read more ›
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Labour has appointed Peter Kyle as shadow science and tech secretary in a party reshuffle. The MP for Hove and Portslade is now responsible for shaping Labour’s tech policy and will sit opposite Michelle Donelan, the secretary of state for science and tech. The reshuffle sees Labour mirror Prime Minister Rishi Sunak’s move to split ... Read more ›
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A climate fintech startup building a platform to connect corporates with carbon projects searching for financing has secured $6.5m (£5.2m) in seed funding. Opna, formerly known as Salt, was founded in February 2022. It aims to “rebuild trust” in voluntary carbon markets, which are a marketplace for carbon emitters to purchase carbon credits generated from ... Read more ›
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Belfast-based Enzai, which is developing AI governance software, has scooped $4m (£3.2m) in a seed round led by Berlin’s Cavalry Ventures. Founded in 2021, Enzai’s software is designed to help AI software creators navigate regulatory requirements for their code. “We founded Enzai with a clear vision: to empower organisations to harness the incredible potential of ... Read more ›
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25.06.2026 01:46
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