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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Innovate UK is investing £13m into startups developing technologies that include a fossil-fuel chemical goods replacement made from waste cashew shells, bioplastic made from insects and nanofibre bandages. The £13m is divided across 270 UK startups and spinouts that will each receive £50,000 and have not previously had support from Innovate UK, the national innovation ... Read more ›
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The Bank of England is considering a requirement for international banks to operate in the UK as separate subsidiaries instead of local branches, following the crisis at Silicon Valley Bank. First reported by the Financial Times, the Bank of England is considering the move as part of its review into the collapse of SVB earlier ... Read more ›
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There has been no improvement in the share of equity investment deals raised by all-female-founded startups in the last decade, according to new research. While the percentage share of deals going to mixed founding teams with at least one woman was at the highest ever at 27%, the progress for all-female teams had stagnated. The ... Read more ›
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The London stock market faced an underwhelming first half of 2023, with 18 issuers raising £593m as pressure from high inflation, rising interest rates and geopolitical turmoil continue to take a toll. According to big four accounting firm EY, the proceeds raised in the first half of the year are in line with H1 of ... Read more ›
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Entrepreneurship thrives in the UK, thanks in large part to the crucial role played by venture capital investment. Our VC market is the largest in Europe, bigger than France and Germany combined. It delivers essential funding for high-growth potential businesses in software, fintech, the life sciences, deep tech and other R&D-intensive sectors. Equity-backed businesses in ... Read more ›
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HSBC is lending £5m to London-headquartered file-based cybersecurity company Glasswall to enter new markets. Glasswall will use the loan, which comes from HSBC UK’s Growth Lending fund, to enter the Canadian, Australian and New Zealand markets. It currently also has a headquarters in the US. Danny Lopez, CEO of Glasswall, said: “We are extremely excited ... Read more ›
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A London-based generative AI startup bringing generative AI to learning has raised $6.5m (£5.1m) in a round led by LocalGlobe and Cavalry Ventures. Kinnu was founded in 2021 by Christopher Kahler and Abraham Müller, before being joined by Hanna Celina as co-founder last year. Its app, which has over 100,000 downloads, uses artificial intelligence to ... Read more ›
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Tandem, the fintech billing itself as the “green digital bank”, has secured £20m in new funding after reporting its first year of profit. The capital injection comes just a month after Tandem’s latest financial report revealed it had hit its first full year of operating profit. “This investment marks another significant milestone for Tandem as ... Read more ›
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NatWest is calling on the financial services industry and regulators to work together to resolve obstacles holding back the wider adoption of open banking. A report from Oxera, commissioned by the banking giant, identified the key challenges to growing open banking in the UK as a lack of commercial incentives to develop new use cases, ... Read more ›
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A fund investing at the “intersection” between media and technology has raised £50m, including a cornerstone commitment from the British Business Bank. London-based venture capital firm Mercuri, which has rebranded from GMG Ventures, will support startups working on media-related technology solutions and are using AI in the UK. “We are delighted to announce the launch ... Read more ›
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Data firm WANdisco has secured £24m in funding as it looks to steady the ship after it was rocked by an internal investigation that uncovered potential fraud. The Sheffield-based company began seeking funding in May as it looked to avoid a collapse over the summer. The firm has now issued 47.5 million new shares, with ... Read more ›
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Arrival is scrapping a merger with special purpose acquisition company Kensington Capital Acquisition Corp in the latest blow for the embattled electric vehicle company. The two firms have cancelled the merger agreement set out in April, which would have been UK-founded Arrival’s second merger with a special purpose acquisition company (SPAC) after it listed on ... Read more ›
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London-based AI startup Immersive Fox has secured a £2.8m funding round to advance its video generating technology. Similar to Synthesia, which was recently propelled to unicorn status after a £71.4m fundraise, Immersive Fox can turn user-inputted prompts into video presentations. Like Synthesia, the technology is primarily designed for enterprise purposes. Users can create corporate communications ... Read more ›
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Ilyas Khan, of Quantinuum, explains why quantum computers have the potential to radically change everything about how computing works, how the top prize in quantum has generated a geopolitical race, and what it’s like quietly building a deep tech multi-corn. Khan is the co-founder of Cambridge Quantum, which in 2021 merged with US-based Honeywell to ... Read more ›
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After a record number of entries and hours of pitching to judges, eight businesses representing the very best of innovation from across the UK have been selected to head to the national final where they’ll battle it out to be crowned KPMG Private Enterprise’s Tech Innovator in the UK. This year we are celebrating 10 ... Read more ›
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A Cambridgeshire-based semiconductor firm is calling on the government to make amendments to the country’s semiconductor strategy. Graphene-based electronics company Paragraf has published a plan identifying key improvement areas such as resources, infrastructure and skills. One of Paragraf’s concerns is over the international worker visa system for foreign staff who have been hired in the ... Read more ›
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A cross-party committee of MPs will examine the challenges faced by SMEs seeking financing, amid a national slowdown of startup funding. The MP inquiry will examine the state of SME regulation and the role the government can play in enhancing financing options for startups. The investigation will look into accessability of funding, the role of ... Read more ›
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The majority of Yorkshire-based tech companies (71%) are on the hunt for funding to expand their operations, according to new data. In addition to new investment, businesses in the area estimated that their revenue is expected to shoot up 94% on average in the coming year, according to data from Tech Climbers. “Our data shows ... Read more ›
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Camena Bioscience, a health tech startup providing genes to the pharmaceutical industry, has announced a $10m (£7.9m) Series A round. Founded in 2016, Camena Bioscience has developed a process to make and sell synthetic enzyme-based genes to support biotech research and drug discovery. The Cambridge-based firm said that its enzymatic technology is more accurate and ... Read more ›
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If someone asks you if the UK is a good place for tech or not, do you find yourself giving the answer ‘it depends on who you speak to’? We are told by the government that the UK is the best place to invest and grow your business. Its website trumpets the impressive statistic that ... Read more ›
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20.06.2026 20:19
Last update: 19:50 EDT.
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