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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Debate around the proposed takeover of Activision Blizzard by Microsoft and AI safety dominated July’s headlines. What these two examples both have in common is tech regulation – and each situation requires a careful balancing act. On the one hand, the tech sector must be free to drive innovation. On the other, consumer interests must ... Read more ›
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University ownership of research-based intellectual property is holding back the growth of British spinout companies, according to a business think tank. In a new report from the Entrepreneurs Network, the group stated that a radical rethink of how academic research is commercialised is needed to achieve the government’s science and technology superpower goal. The report ... Read more ›
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SuperFi, a debt prevention platform aiming to support people through the rising cost of living, has raised €1m (£780,289) in pre-seed funding. Based in London, SuperFi is a debt management fintech that gives users an overview of their arrears and analyses their financial circumstances. “We believe that debt management should be proactive, not reactive. Our ... Read more ›
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Carbon capture startup Nuada has secured a £3.4m extension to its Series A funding round from the Business Growth Fund (BGF). Nuada, a startup that has developed a process to capture carbon emissions from cement manufacturers, recently raised £4.5m in a round led by the Clean Growth Fund and Barclays’ Sustainable Impact Capital portfolio. “We ... Read more ›
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London-based electric vehicle charging app Ev.energy has received a funding surge of $33m (£25.8m) in its Series B round. Launched in 2018, the startup counts National Grid, Volkswagen Group, Maxeon and Siemens as customers as part of its 120,000 daily users. The company will use the latest investment drive to boost its presence internationally with ... Read more ›
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Til Jordan is the co-founder of LZero, a spinout that has developed a simulation and testing platform for blockchain cybersecurity. Jordan founded LZero after graduating in computer science at the University of Southampton in the summer of 2022. His co-founder was a supervisor for his third-year project and the team consists of people that came ... Read more ›
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Bruntwood SciTech has received planning approval for a £60m redevelopment of Manchester Science Park’s Greenheys into lab space. Once complete, the Greenheys site will add 131,000 sq ft of lab space to the Manchester Science Park, which is home to life science and tech companies. “With UK Biobank already announced to move to the new ... Read more ›
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Entrepreneur network Founders Forum Group is gearing up to relaunch Tech Nation this autumn, UKTN can reveal. Sources told UKTN that Founders Forum Group is considering a September or October launch for the Tech Nation brand it acquired in April. Tech Nation, which provided startup and scaleup support for more than a decade, closed operations ... Read more ›
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Insurance analytics software Percayso Inform has raised £2.7m from ex-Hastings chairman Neil Utley and venture capital firm Praetura Ventures. Percayso Inform counts Direct Line and The AA amongst its customers, who use it to run insurance-related tasks including providing quotes, point of sale, contract changes, claims and renewals. It also offers insurance analytics and comparisons. ... Read more ›
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Thymia, the tech startup gamifying mental health support, has closed a $2.7m (£2m) seed round to further develop its product offering. Founded in 2020, Thymia develops video games that are designed to track users’ mental health. The company’s games analyse speech patterns, facial expressions and behaviour to measure symptoms of various conditions, with an emphasis ... Read more ›
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Cancer monitoring business Entia has scooped $20m (£15.4m) in Series A funding led by BGF and Parkwalk Advisors. The cancer health tech firm uses blood testing to provide remote diagnostics, such as tracking neutropenia. Healthcare professionals can manage all their patients through the London-headquartered company’s software. Remote monitoring is “beneficial” and “highly advantageous” for healthcare ... Read more ›
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Cardiff-based semiconductor manufacturer IQE is expecting to hit its revenue targets for the first half of the year. The AIM-listed chip firm said in an unaudited pre-close trading update for the first half of 2023 that it expected revenue would be at least £52m, in line with market guidance. IQE is a supplier of compound ... Read more ›
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London headquartered procurement software company AutogenAI has received $22.3m (£17.2m) from venture capital firm Blossom Capital. The company says it has 28 customers on the books – ranging from a global management consultancy firm to construction firms to charities – to write bids for procurement. “Our technology augments human expertise by enhancing the power of ... Read more ›
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Greater Manchester has established itself as a tech hub of international significance, home to a £5bn digital ecosystem which includes thousands of digital and tech businesses. In our latest regional tech report, UKTN delves into the region’s key companies, investors, and support groups in the ecosystem. The free-to-read report provides a snapshot of the key ... Read more ›
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Worldcoin, a cryptocurrency co-founded by OpenAI CEO Sam Altman that uses eye-scanning orbs for biometric verification, will be investigated by the UK’s data watchdog. Altman, Alex Blania and Max Novendstern co-founded Tools For Humanity, the company behind Worldcoin. This week the company invited members of the public to have their eyeballs scanned in exchange for ... Read more ›
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BT has announced its startup and digital incubation team, called Etc., is conducting a project to transform 60,000 street cabinets into electric vehicle (EV) charging points. The project, which will take place over the next two years, will repurpose BT’s fleet of cabinets, currently used for copper-based broadband and phone services, into a major new ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has unveiled a Research Ventures Catalyst fund that will supply up to £50m for science and technology research. It is funded by the UK government, with co-investment coming from private and philanthropic sources, including the former chief executive of Google. Michelle Donelan, the tech secretary, said: “Research ... Read more ›
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Seven startups have been selected to receive funding by the Mayor of London as part of a project to use technology to alleviate the cost of living crisis. The Poverty Prevention Challenge, first announced in January, is a plan from Sadiq Khan to use startups to support a financially struggling London during the cost of ... Read more ›
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Venture capital firm Ada Ventures has led a £2m round into Cambridge-based AI and quantum mechanics spinout Materials Nexus. The spinout has created datasets and machine learning tools that can forecast how new compositions of materials will perform. The startup is aiming to reduce the number of physical experiments required for materials and bring down ... Read more ›
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The Leeds tech sector has grown rapidly over the past five years and for Mike Clarke, partner at investment management firm YFM Equity Partners, that growth trajectory is set to continue. “My general sentiment is that the next probably three years are going to be a really exciting time for Leeds tech,” Clarke tells UKTN. ... Read more ›
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20.06.2026 15:07
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