Food tech startup Adamo Foods has secured £1.5m to advance the development of its vegan alternatives to meat products. The London-based company aims to set itself apart from many meat alternatives in the industry by emulating whole cuts of meat in vegan form like steaks and filets, as opposed to processed and shredded meats such ... Read more ›
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London-headquartered employee mental health platform Oliva has secured €5m (£4.3m) in funding to expand its network of therapists and launch into new markets. Founded in 2020, Oliva’s service matches therapists with employees based on their individual needs and is paid for by employers. Companies using its service include insurtech firm Marshmallow and HR platform Leapsome. ... Read more ›
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A London-based health tech startup working with the University of Cambridge has received £415,000 in funding for an AI-powered special education identification software platform. Cogs AI, which specialises in designing software for young people with special educational needs, has received the funding in the form of a grant from Innovate UK, the government-backed agency for ... Read more ›
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VC firm Lightspeed Venture Partners has led a $13m (£10.2m) into Supercritical, a carbon removal marketplace. Similar to CUR8 and Patch, businesses can use Supercritical to offset emissions by purchasing carbon credits. “Carbon removal – in parallel with aggressive decarbonisation – is required to stay below 1.5C of warming and avoid the worst effects of ... Read more ›
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North of England-focused investor Northern Gritstone has closed a further £50m to support spinouts commercialising technology in the region, with “another £50m-£100m in the hopper”, UKTN can reveal. Northern Gritstone CEO Duncan Johnson said the firm will be closing its “initial fundraise” of at least £50m at the end of June. He said the firm ... Read more ›
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London-headquartered fintech company Modulr is expanding its embedded finance platform to France and Spain. Modulr’s France and Spain expansion comes after the company received authorisation from the two countries’ central banks. It also gives Modulr permission to use “specific localisation” of its financial products in the two markets. Founded in 2016, Modulr’s tools let businesses ... Read more ›
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Fewer than one in 10 MPs are confident that existing UK regulators will be able to effectively govern AI, according to new research. A survey conducted by YouGov in association with the AI policy network Appraise found that just 6% of MPs believe existing regulators have the necessary skills or expertise to handle the upcoming ... Read more ›
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London-based payments provider Volt has secured a $60m (£47m) Series B round as it looks to expand into new international markets in Asia and the Americas. Founded in 2019, Volt is a real-time payments provider that uses open banking to facilitate transactions between merchants and customers. The company currently operates across the UK, Europe and ... Read more ›
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Research from Vodeno/Aion Bank has revealed how embedded banking adoption is significantly boosting brand loyalty for companies, with consumers more likely to use embedded banking products from brands as a result of the cost-of-living crisis. The European banking-as-a-service (BaaS) provider’s study revealed that over a third (37%) are more likely to seek out brands that ... Read more ›
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KPMG UK has kickstarted a new 12-month scaleup growth programme in Manchester, in which a cohort of 15 businesses will receive support from the professional services firm. The cohort includes Wigan-based agritech food chemical security company Redag and Salford’s Mymanu, which has developed live voice translation earbuds. The companies have been identified by KPMG as ... Read more ›
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Virgin StartUp, the not-for-profit entrepreneurship scheme from Virgin Group, has launched a new £36m funding pot for UK founders. The incubator, which was founded by Sir Richard Branson in 2013, said the new pot will allow it to triple the number of UK founders it supports over the next two years. Over that time period, ... Read more ›
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Venture capital firm Jenson Funding Partners has made a £250,000 pre-seed investment into travel booking software startup RezKit. RezKit is aiming to be “Shopify, for the travel industry” and says its software can plug into existing accounting or management tools. The startup has created a group of booking-focused application programming interfaces, or APIs, which can ... Read more ›
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British laundry and dry cleaning service Laundryheap has acquired French rival Wast for an undisclosed sum, marking its third acquisition in 14 months. The acquisition of Paris-based Wast gives Laundryheap access to the French market. The company, which offers laundry and dry cleaning within 24hrs delivered via electric bikes, says it is now active in ... Read more ›
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Andreessen Horowitz (a16z), Nat Friedman and Daniel Gross have co-led a $19m (£14.9m) Series A round for the generative AI startup ElevenLabs. The startup has created generative AI models that read out text in cloned, synthetic or customised voices. Its speech creation tools are used for audiobooks, video game characters and reading content to the ... Read more ›
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Klarna’s former UK boss, Alex Marsh, has joined the board of the Treasury-backed fintech body, the Centre for Finance, Innovation and Technology (CFIT). Marsh, who ran BNPL firm Klarna’s UK operations from 2020 to May of this year, will join the board of the fintech body, where he will support the growth of the UK ... Read more ›
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Robotic kitchen automation startup Karakuri has appointed administrators after failing to secure further capital, putting 30 jobs at risk and highlighting the challenging funding environment for startups. The London-based company has developed a robotic arm that serves personalised sushi dishes, and an automated fryer for chips. A Karakuri spokesperson told UKTN a “rescue deal is ... Read more ›
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US tech giant Amazon has launched a new financing programme for UK ecommerce businesses, in partnership with London-based embedded finance firm YouLend. Described by the companies as flexible financing, the programme will allow businesses in the UK that sell products through the Amazon marketplace to access advanced funds of up to £2m. The funding is ... Read more ›
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VC firm Boost Capital Partners is launching an inaugural fund to back early-stage startups, with the first close standing at $30m (£23.5m). It will make investments of up to $750,000 (£587,000) in pre-seed to seed startups and provide follow-on capital. Target areas for the Boost Capital Partners’ fund are health, finance, wellness, entertainment, education and ... Read more ›
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KPMG’s Emerging Giants practice has announced the shortlist of 80 tech businesses from across the UK that will go head-to-head in a bid to be crowned the 2023 Tech Innovator in the UK. Following a record number of nearly 400 applications, 10 successful tech businesses from eight regions across the UK have been selected to ... Read more ›
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Large datasets to train AI models like ChatGPT are highly sought after, but that data isn’t always easy to obtain and fraught with privacy risks. In the latest episode of the UKTN Podcast, Hazy CEO and co-founder Harry Keen explains how synthetic data can address some of the challenges for businesses in the data-hungry age of ... Read more ›
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14.06.2026 05:33
Last update: 05:25 EDT.
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