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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Kamma has collected £3.6m in an investment round led by the Clean Growth Fund for its property analysis software. Co-founded by chief executive Orla Shields, the idea behind Kamma is to provide assurance that buildings are safe and “exceed the highest environmental standards” to prospective tenants. Shields said the latest raise “will enable Kamma to ... Read more ›
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Borderless, a workforce migration platform assisting with staff relocation, has raised £2.5m in a funding round led by Backed VC. Launched in January 2023, the Borderless platform was built to support the workforce in the care sector. The platform provides staff sourcing and automated vetting services for care homes. As the sector relies heavily on ... Read more ›
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A new £40m venture capital fund backed by athletic stars including cricketer Ben Stokes and footballer Serge Gnabry has launched. Athlete-led The Players Fund aims to harness the capital of sporting professionals for investments into seed to Series A startups across sports tech, smart commerce, digital communities and media. The idea behind the fund is ... Read more ›
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Chip company Arm has filed a registration statement in a significant step towards its public listing, which is expected to take place next month. The IPO will see the chip designer on the Nasdaq Global Select Market offer American depositary shares (ADS) under the ticker “ARM”. A draft registration statement for a New York listing ... Read more ›
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Microsoft has submitted a fresh deal to the UK’s competition regulator for its $69bn (£54bn) acquisition of gaming company Activision Blizzard after its initial proposal was rejected. The Competition and Markets Authority (CMA) said it was an “unusual step” to revisit its original decision, made in April, that blocked the deal over concerns it would ... Read more ›
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THG founder and CEO Matthew Moulding has called out a US hedge fund for short-selling Darktrace in a post criticising a lack of protections for publicly listed UK companies from “rogue investment bankers”. Writing in a LinkedIn post, Moulding took aim at US-based hedge fund Quintessential, held a short position on Darktrace and published a ... Read more ›
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The UK’s competition regulator has cleared VMware’s $69bn acquisition of Broadcom following an in-depth investigation. The Competition and Markets Authority (CMA) first flagged the deal as potentially harmful in March. The CMA said that Broadcom, an American firm that develops and sells hardware used in computer servers, could gain an unfair competitive advantage by owning ... Read more ›
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Administrators for Karakuri, the Ocado-backed robotic chef startup that raised £13.5m, have sold a portion of the company’s assets for £350,000. Company filings show that a pre-packaged sale of some assets to Henny Penny – a US foodservice equipment company – was agreed on 28 July. The assets included “three prototypes” developed by Karakuri and ... Read more ›
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Green insecticides startup Solasta Bio has hired a chief strategy officer to lead its overseas team in North Carolina, US. Paula Pinto brings experience from the agricultural chemical firm UPL, where she held various leadership positions such as global head of strategic alliances and B2B. It follows Glasgow-based Solasta Bio recently appointing Dr Daphne Preuss ... Read more ›
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Prime Minister Rishi Sunak is set to spend £100m of public funds on semiconductor procurement to boost Britain’s AI sector and increase computing resource. The government is reportedly in talks with US microchip giants Nvidia, AMD and Intel to procure chips for use in the development of AI technologies. First reported by the Telegraph, the ... Read more ›
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The UK government should invite China to its upcoming AI safety summit, Labour MP and chair of the Business and Trade Select Committee Darren Jones has said. Writing in an opinion piece for UKTN on Monday, Jones said China “ought to be” at the Buckinghamshire summit. However, The Bristol North West MP conceded that “geopolitical ... Read more ›
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One of the prime minister’s priorities this autumn is the successful delivery of the global AI safety summit. But what does success look like? The AI summit is about safety. These safety concerns can be broadly split in two: national security, and economic risk. National security risk must then be split into military and civil ... Read more ›
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Fungi-sourced protein company Enough has secured €40m (£34.2m) in equity funding to double its headcount and scale up the business. It has developed a mycoprotein called “ABUNDA” that can be used as an ingredient in plant-based alternative products. Enough says this contains all nine essential amino acids and has high amounts of protein and fibre. ... Read more ›
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The number of women working in the UK tech industry declined sharply in the second quarter of the year, according to new data. Figures from the Office for National Statistics (ONS) show that between the first and second quarter of the year, the number of women in the British tech industry fell by 3,000. The ... Read more ›
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The UK’s financial watchdog has told businesses that next month they must comply with new rules aimed at making cryptoasset transfers more transparent. From 1 September, any UK cryptoasset business will have to collect, verify and share information on cryptoasset transfers. The so-called “Travel Rule” aims to align practices across other financial jurisdictions to help ... Read more ›
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Savings app Communion, launched by the founder behind digital mortgage startup Habito, has raised £2.5m in a pre-seed funding round. The funding announcement coincides with the launch of the Communion app, a new fintech product designed to encourage savings amid an unprecedented rise in the cost of living. The app combines a standard savings account, ... Read more ›
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While fintech is probably the first industry that springs to mind when you think of London’s tech ecosystem, insurtech has been steadily climbing the ranks. According to a recent study by McKinsey, London has positioned itself as a global leader and boasts the same number of insurtech unicorns – private companies valued at more than ... Read more ›
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Adele Aitchison is the founder of GrandNanny, a platform matching over 50s with childcare experience and parents searching for part-time childcare. Founded in 2020, GrandNanny currently employs three people, who screen potential GrandNannies and if approved helps them create a profile to send to families that match their criteria. GrandNanny brings in revenue by managing ... Read more ›
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Payments giant PayPal will stop UK customers from purchasing cryptocurrency while it makes changes to stay in line with upcoming regulatory requirements. The UK financial regulator will bring in rules affecting how companies can market crypto services on 8 October. They include a “cooling-off period” for first-time buyers and scrapping “refer a friend” bonuses. PayPal, ... Read more ›
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The UK is set to host a global summit on AI safety at the start of November that will see “like-minded” nations convene to discuss the major concerns around the technology. The first global AI safety summit will reportedly take place in the historic Bletchley Park, once a top-secret headquarters for codebreakers in the Second ... Read more ›
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20.06.2026 09:56
Last update: 09:50 EDT.
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