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 ›
0
Steven Bartlett is investing in and joining London-based fitness marketplace Until as a marketing co-founder. Bartlett is best known for his appearance on the BBC’s Dragons Den and his podcast The Diary of a CEO. The exact investment made by Bartlett is undisclosed but comes as part of a wider £4m funding round into Until, ... Read more ›
21
SoftBank is in talks to acquire an additional 25% stake in Arm held by its venture funds ahead of the semiconductor firm’s upcoming IPO, according to reports. Sources have told Reuters that SoftBank, which currently owns three-quarters of the Cambridge-based chip firm, is in talks to buy up the remaining equity currently held by other ... Read more ›
28
Hydrogen fuel startup Bramble Energy has moved to a new state-of-the-art headquarters in Crawley, West Sussex. The new site, spanning almost 34,000 square feet, features a new “Hydrogen Innovation Hub”, where it will carry out research, development and testing for fuel cells. Bramble Energy’s new office is over three times that of its old one ... Read more ›
0
Birmingham-based logistics management platform Cargo Stream has secured €1m (£865,000) to fuel its expansion into foreign markets. Founded in 2019, Cargo Stream has built a software platform designed to optimise the running of logistics businesses. Cargo Stream automates key processes such as tendering, the process by which a shipper requests bids from carriers for the ... Read more ›
0
Metaverse world-building startup Hadean has appointed a former Amazon executive as its new chief technology officer (CTO). Royal O’Brien will join the firm as CTO and will oversee the continued development of the firm’s spatial computing technology across its commercial and defence divisions. Hadean develops the tools and infrastructure needed to build metaverse experiences. These ... Read more ›
9
Biotech-focused virtual demonstration software company Envoke has secured £1m in equity investment from Mercia. Used by biotech equipment manufacturers, Envoke is aiming to cut out the hassle of sending medical equipment for trial and demonstration to prospective purchasers. Chief executive of Envoke, Stuart Warrington, said that shipment costs of medical equipment in some cases can ... Read more ›
0
Tim Hardcastle is the co-founder and CEO of Instanda, which provides a no-code platform for insurtech companies to build software products. Hardcastle co-founded London-headquartered Instanda in 2012 with Derek Hill. It has created tools that let insurtech companies create products without specialist coding knowledge. It does so with a combination of pre-built product libraries that can ... Read more ›
2
Food delivery app Deliveroo significantly cut losses in the first half of the year and said it is considering paying its first dividend to shareholders as it closes in on profitability. The London-listed company said losses stood at £83m, down from £153m a year ago. Deliveroo added that it achieved profitability “ahead of expectations” using ... Read more ›
0
Children’s speech therapy platform Mable Therapy has raised £3.1m and appointed a new chief executive officer. The Leeds-headquartered company, which also provides counselling services, said Oli White – former CCO of Doc Abode – will take the reins as CEO. Set up in 2015 by Martha Currie and Elliot Agró, the therapy service says it ... Read more ›
1
A Bristol-based startup developing microplastic filter technology has received investment from funds backed by Leonardo DiCaprio and Ashton Kutcher. Matter, which is working on several projects to prevent microplastic pollution, secured $10m (£7.84m) in Series A capital from the Hollywood A-lister round. One of the Bristol-based startup’s projects is a device that connects to washing ... Read more ›
30
Video conferencing giant Zoom has opened a new workspace in London as the company encourages staff to return to in-person work. The new Holborn office, described by the company as an “engagement hub”, will allow the more than 200 UK-based staff to follow the recent call from executives to return to a hybrid work model ... Read more ›
7
Pandemic-era tech unicorn Hopin, once valued at nearly $7.8bn, has sold its virtual events unit for just $50m (£39m). Last week the London-headquartered company confirmed the sale of events assets to US cloud communications company RingCentral. Hopin did not disclose the value it agreed to part with its technology assets, customer relationships, engineering, and go-to-market ... Read more ›
12
The UK government has today said it will “closely” consider recent measures from President Joe Biden aimed at restricting investment into the Chinese tech sector. The US president on Wednesday signed an executive order that gives the Treasury secretary powers to restrict American investment into Chinese firms operating in the semiconductor, microelectronic, quantum and AI ... Read more ›
27
Climate investor Elbow Beach Capital is supplying £1.5m to raspberry-picking robot creator Fieldwork Robotics. It marks the third food-picking startup the venture capital firm has invested in, after it supplied cash to Shropshire-based broccoli upcycling startup Upp and asparagus field robot maker Muddy Machines. Fieldwork Robotics, based in Cambridge, is targeting a further £600,000 via ... Read more ›
59
Mercia Asset Management has increased the amount of capital it has invested by 24% in the first half of the year, compared with the same period in 2022. Despite the wider downturn in funding this year, Mercia, which largely backs regional businesses, invested £94.6m in the first six months of the year, up from the ... Read more ›
0
The Department for Science, Innovation and Technology (DSIT) has appointed Entrepreneur First CEO Matt Clifford and Jonathan Black from the Blavatnik School of Government to lead preparations for the UK’s first AI safety summit. The pair will be responsible for “rallying leading AI nations, companies and experts” ahead of the government’s AI safety summit this ... Read more ›
0
Edinburgh-headquartered venture capital firm Par Equity is expanding across the border into Yorkshire with two new offices. Par Equity’s Yorkshire operations comprise bases in Leeds and Sheffield. The move will be overseen by the recently appointed regional development manager Giles Moore. “Having been involved in Yorkshire startups and scaleups for over a decade, I have ... Read more ›
5
London headquartered supply chain startup Kavida.ai has raised £900,000 in follow-up seed funding from investors. Businesses operating in manufacturing or retail can use Kavida for document management, shipment tracking, supplier communication and purchase order risk alerts. “Disruption in supply chains is commonplace and procurement managers need instant access to data to understand where their order ... Read more ›
19
The Department for Science, Innovation and Technology (DSIT) is inviting “innovative” tech businesses and research organisations to showcase their work at its new headquarters in Whitehall early next year. The open invite, announced to coincide with the six-month anniversary of the tech department’s formation, will promote selected businesses across DSIT’s internal events and social media ... Read more ›
2
Regtech software platform Kore Labs has raised £2.4m in an oversubscribed round from members of the Wealth Club, an investment service for high-net-worth individuals. The London-based platform works with financial institutions to optimise regulatory compliance processes. Kore Labs consolidates fragmented data from firms to create a digital audit trail. Launched in 2019, Kore Labs partners ... Read more ›
1
Most popular sources
Irish Tech News
|
0% |
Droid Life
|
0% |
BetaKit
|
0% |
VentureBeat
|
0% |
Startups News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
20.06.2026 11:33
Last update: 11:20 EDT.
News rating updated: 18:23.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.