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 venture capital arm of oil and gas giant BP has made a £4m investment into Southampton headquartered fleet management software company Dynamon. Dynamon’s backing from BP Ventures comes as part of a more extensive Series A round to fund its international expansion to Europe and North America, in addition to commercialising its fleet software. ... Read more ›
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A group of UK chip companies will meet today for the first time as part of the government’s Semiconductor Advisory Panel. The government has drafted in experts including Arm chief architect Richard Grisenthwaite, IQE CEO Americo Lemos, Dr Eben Upton CEO of the Raspberry Pi Foundation and Pragmatic executive director Scott White. The discussions, taking ... Read more ›
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Pandemic-era tech unicorn Hopin has sold off its titular events platform to the US-listed cloud communications company RingCentral for an undisclosed sum. California-based RingCentral will take on the technology assets, customer relationships, engineering, and go-to-market talent from Hopin’s Events platform and Session Product. Hopin will remain a separate company that will, according to its founder ... Read more ›
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Investment firm Ocean 14 Capital has bagged a further €30m (£25.8m) funding commitments for its fund aiming to improve the condition of the seas. The ocean investor’s newest commitment is made up of €20m (£17.2m) from insurance business Convex, and €10m (£8.6m) from family offices and high net worth individuals. Large investments so far include ... Read more ›
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The Tees Valley Hydrogen Transport Hub has received a second allotment of funding from the government to invest in hydrogen companies and skills. The £8m top-up announced today adds to the Tees Valley hub’s £20m competition launched last autumn. Hydrogen technology is in its infancy but holds high promise to provide a renewable and readily ... Read more ›
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Cambridge-based semiconductor company Arm is reportedly seeking a $60bn to $70bn valuation for its upcoming IPO, which could be as soon as September. In April, Masayoshi Son, chief executive of Arm’s parent company SoftBank, signed a formal agreement with the Nasdaq exchange to list Arm in New York. Sources close to the situation told Bloomberg ... Read more ›
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The majority of investors are influenced to back companies in the UK due to favourable tax relief schemes, according to new data. A survey of investors from equity crowdfunding platform Seedrs found that 70% of investors said that tax schemes such as the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) were ... Read more ›
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Chemify, a Scottish health tech firm looking to digitise chemistry for medical and drug development, has raised £33.6m. Founded in 2019 as a spinout from the University of Glasgow, Chemify is aiming to speed up the development of drugs by using computers to automate the process of designing new molecules. According to the company, Chemify’s ... Read more ›
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Fast-paced startup businesses are an exciting place to work, with huge opportunities for growth. But sometimes that growth means cybersecurity can take a backseat. Yet a cyberattack can be devastating for businesses large and small, quickly knocking its trajectory off course with the click of a button. This is why it’s so worrying to see ... Read more ›
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The UK’s competition regulator is seeking additional views on Microsoft’s takeover of video game developer Activision Blizzard, in a move that could lead to the previously blocked $69bn (£54bn) deal being cleared. The Competition and Markets Authority (CMA) said that commitments made by Microsoft, including an agreement between Microsoft and rival Sony, have led to ... Read more ›
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Vanquis Banking Group is acquiring money management software company Snoop for an undisclosed amount. The Norwich-based app leverages open banking to give users an overview of all their bank accounts and recommendations to make savings on bills. Snoop says its app can save people as much as £1,500 a year on their home bills. Ian ... Read more ›
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Two former executives of WANdisco are facing demands from the embattled data company to repay bonuses totalling nearly £650,000. David Richards, WANdisco’s co-founder and former CEO, and Erik Miller, the company’s ex-finance chief, have been asked by the board to return the $832,000 (£647,000) bonus awarded last year, Sky News reported. The pair stepped down ... Read more ›
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Scottish angel syndicate Archangels has signed a £12m co-investment initiative with British Business Investments. A representative for Archangels told UKTN that all of its future investments will receive support from the capital supplied by British Business Investments. The backing from the British Business Bank commercial subsidiary arrives in a “challenging global market”, said Archangels’ joint managing ... Read more ›
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In the latest episode of the UKTN Podcast, Baltic Ventures co-founder and CEO Claire Lewis discusses Liverpool’s rapidly growing tech scene, why tech investment is needed across the whole of the UK, and some of the key mistakes that founders make. Baltic Ventures is a not-for-profit accelerator located in Liverpool. Based in the city’s ... Read more ›
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Grasp, an online learning platform founded by former Revolut employees, has secured $4m (£3.1m) to accelerate hiring. Founded with the goal of increasing the rate at which humans learn, Grasp is building tools for comprehensive digital education. While information on the startup’s exact methods is limited, Grasp will focus initially on modern vocational skills, such ... Read more ›
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Glasgow-based digital pharmacy startup Phlo has hired former rival Echo employee Alistair Murray as its chief pharmacist. The medication ordering platform is undergoing an “expansion phase” said Adam Hunter, CCO of Phlo. “Alistair’s appointment will strengthen our work to elevate the UK digital pharmacy sector with best-in-class technologies and solutions.” It has two main products, ... Read more ›
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London-based venture capital firm A/O has announced the first close of its €250m (£214.5m) green proptech fund. Founded in 2019, A/O is a VC that primarily focuses on technology in the real estate industry and the built world. The firm will now look to back sustainable technologies. A/O will target proptech and construction tech companies ... Read more ›
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Béa Fertility, a health tech startup developing at home care for those looking to start a family, has raised £2.5m. Based in London, Béa has built what it describes as one of the first clinical-grade home treatments for fertility in the UK market. The home kit developed by Béa has users carry out a treatment ... Read more ›
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BT Group has announced Allison Kirkby will take over as its next chief executive by January next year, following the resignation of Philip Jansen. Kirkby will move to BT from Sweden-based communications and telecommunications provider Telia where she served as CEO and president for more than three years. “She is a proven leader, with deep ... Read more ›
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Welsh investor Waterspring Ventures has made its first investment, contributing to a near-half a million pound round for Newport-based project planning software startup Operati. The idea for the startup, which is still in the earlier stages of development, came in 2017 when Operati CEO and co-founder David James sold his preceding venture Hudman for an ... Read more ›
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20.06.2026 13:14
Last update: 13:05 EDT.
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