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
Shares in Ocado have surged following suggestions that the British grocery technology firm could be acquired by US tech giant Amazon. First reported by the Times, Amazon, which has been looking to ramp up its grocery business recently, could view Ocado as a natural fit to further this goal. Amazon has already launched physical grocery ... Read more ›
3
Welsh mobile payments company Mypinpad has raised $13m (£10.2m) in a Series A round led by Cape Town’s Crossfin Holdings. Headquartered in Cardiff, with an office in New Zealand, Mypinpad offers mobile authentication, payments acceptance, revenue optimisation and local banking agents. Barry Levett, CEO of Mypinpad, said: “We are incredibly proud to have secured this ... Read more ›
19
While generative AI, self-driving cars and virtual reality represent the driving force of technological progress, their future environmental impact remains unclear. Outside of tech, small and large enterprises are pursuing ESG goals and taking steps to minimise their carbon footprint. All the while, energy costs and usage requisite for digital infrastructure and tech manufacturing are ... Read more ›
9
Olga Beck-Friis is the COO and co-founder of PocketLaw, a legal tech company that provides tools to automate the creation and management of contracts. PocketLaw was founded in 2018 in Sweden by Beck-Friis and Kira Unger. The pair bring experience from consulting firm McKinsey & Company and law firm Mannheimer Swartling. The legal tech company ... Read more ›
6
From layoffs to widespread concerns about the impact AI will have on jobs, the first half of 2023 has been tumultuous for tech work workers across the globe. In April, the term “will AI take my job” registered a search interest of 100 on Google, up from 21 in July 2022. But is there any ... Read more ›
2
University projects working on thrusters, folding solar arrays and satellite quantum key distribution are amongst those sharing a £2.1m funding pot from the UK Space Agency. The UK Space Agency is investing £2.1m across eight separate university projects and the Cardiff-based satellite firm Space Forge. Craig Brown, director of investment at the UK Space Agency, ... Read more ›
9
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 ›
1
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 ›
14
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 ›
27
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 ›
1
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 ›
2
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 ›
6
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 ›
15
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 ›
2
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 ›
2
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 ›
2
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 ›
2
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 ›
9
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 ›
2
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 ›
2
Most popular sources
Financial Times
|
0% |
ScienceDaily
|
0% |
The Fintech Times
|
0% |
Wired
|
0% |
Ars Technica
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
20.06.2026 22:23
Last update: 21:40 EDT.
News rating updated: 05:10.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.