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 UK risks “failing to punch above its weight” in the global quantum computing sector, according to Sheffield-based quantum startup Aegiq. The University of Sheffield spinout, which raised £1.8m last year, today called on the government to “show consistency and ambition” in its support of the UK quantum sector. Founded in 2019, Aegiq is looking ... Read more ›
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Just Climate has closed $1.5bn (£1.2bn) for its first fund to invest in growth-stage climate tech companies including energy, mobility, industry and buildings. Just Climate’s fund is anchored by the Climate Innovation Fund from Microsoft. Additional contributions include IMAS Foundation, Ireland Strategic Investment Fund, Goldman Sachs’ Imprint Group, pension providers, sovereign wealth funds and family ... Read more ›
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The UK data watchdog has warned that neurotech has a “real danger” of bias and discrimination if proper precautions are not made. The Information Commissioner’s Office (ICO) said today that developments in neurotech – technology that interfaces with the brain or nervous system – could lead to discrimination against people if they are not “put ... Read more ›
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Fintech company CAB Payments has expressed interest in a London IPO in a boost for the capital’s sluggish public markets. On Thursday the B2B cross-border payments company announced plans to file a registration document with the London Stock Exchange. If it goes ahead it would see CAB Payments, which offers international B2B overseas payments and ... Read more ›
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Prime Minister Rishi Sunak has revealed the UK will organise the first global AI safety summit this autumn. The prime minister will meet with US President Joe Biden today at the White House to discuss an “international framework” surrounding the technology and how it can be used safely. Sunak said: “Time and time again throughout ... Read more ›
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It may be hard to imagine, but when we launched our first Tech Innovator in the UK competition a decade ago, the Silicon Roundabout was all anyone could talk about when trying to summarise the UK tech scene. There was no Uber, an exciting online food delivery company had only just launched in London, and ... Read more ›
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The UK financial regulator is cracking down on crypto marketing in a major consumer protection overhaul that will introduce a “cooling-off period” for first-time investors. The new rules, announced by the Financial Conduct Authority (FCA), will also ban “refer a friend” bonuses in cryptoasset marketing. The rule is designed to ensure UK consumers have enough ... Read more ›
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UK tech companies raised $7.4bn (£5.9bn) during the first half of 2023 in the steepest funding decline across Europe amid rising interest rates and geopolitical disruption. Total UK tech investment fell by 57% year-over-year, while France decreased by 55% and Germany by 44%, according to a report by investment firm Atomico. UK tech companies raised ... Read more ›
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UK private equity firm Maven has been re-awarded a contract to manage the £20m Finance Durham Fund for another five years to channel investments into businesses in the region. Business Durham reissued the £20m Finance Durham Fund to Maven, which has managed the contract since 2017. The North East England fund has invested more than ... Read more ›
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London-headquartered banking as a service startup Griffin has raised $13.5m (£10.9m) in Series A capital. The raise comes hot on the heels of the Financial Conduct Authority (FCA) granting Griffing a banking licence in March, albeit with restrictions. Founded in 2016, Griffin provides tools for other companies to build financial products. “Griffin’s licence and BaaS ... Read more ›
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Microsoft president Brad Smith met with Chancellor Jeremy Hunt yesterday “in search of solutions” to the British competition regulator’s objections to the company’s merger with gaming giant Activision Blizzard. “I’m in search of solutions,” Smith told a conference hosted by trade association techUK on Tuesday. “If regulators have concerns, we want to address them, if ... Read more ›
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ReachX – a platform offering deal management tools, investor matchmaking data and business advisory services to scaleups – has today announced a new partnership with digital product company Studio Graphene. The partnership will allow ReachX to expand its range of services by incorporating digital product design, engineering and development capabilities for its tech scaleup clients, ... Read more ›
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Oxford-based OXCCU, a clean fuel startup looking to tackle pollution from the aviation industry, has secured £18m in new funding. Founded as a spinout from the University of Oxford, OXCCU says it has developed a way to convert carbon dioxide and hydrogen into sustainable aviation fuel (SAF). As one of the least climate-friendly methods of ... Read more ›
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The UK tech secretary said the government must avoid “traditional governance models” and work with businesses to regulate emerging technologies like AI. Speaking at the Global Technology Forum at the OECD in Paris, Secretary of State for the Department for Science, Innovation and Technology Chloe Smith pointed to the great opportunity offered by emerging technologies, ... Read more ›
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GetHarley, a startup that has built a platform to connect consumers with dermatological experts, has secured $52m (£42m) in funding. Based in London, GetHarley provides expert advice to help consumers find a personalised skincare plan and steer clear of illegitimate and unreliable products. “The skincare industry is overflowing with false claims, celebrity marketing and thousands ... Read more ›
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Technology startups and initiatives working on ways to improve transport have received almost £2m in government funding. The funding comes from the government’s Transport Research and Innovation Grant (TRIG) programme. Most of the transport tech investment, which went to 67 organisations, has gone outside to regions outside of London, with the capital accounting for 20% ... Read more ›
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Healthtech company Rockley Photonics has secured $35m (£28.2m) as the company returns from a bankruptcy restructuring. Oxford-based Rockley Photonics, which develops various biosensing products to monitor health, entered Chapter 11 bankruptcy in the US earlier this year to perform a complete restructure. That has led to new funding from the company’s existing stakeholders. “Rockley’s ability ... Read more ›
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Zopa has appointed a former Deutsche Bank executive to its board as the online bank weighs up the right time for an IPO. The fintech company has appointed Pippa Lambert, previously Deutsche Bank’s global head of HR and head of rewards at Royal Bank of Scotland. Lambert currently sits on insurance firm Aviva’s board as ... Read more ›
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WeArisma, a startup offering brands digital influence analytics, has raised £2.5m as it prepares to expand globally. Based in London, WeArisma partners with companies looking to extend their online reach. The startup’s platform analyses client digital presence and turns ‘influence’ into a measurable metric. “There are 4.5 billion social media users across the world and ... Read more ›
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British virtual reality company Improbable has sold off its defence and national security arm to an investment group led by multi-family office NOIA Capital for an undisclosed sum. NOIA Capital will acquire Improbable Defense’s UK Ministry of Defence contracts in addition to around 70 of its engineers and modellers. Founded in 2012, Improbable creates virtual ... Read more ›
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21.06.2026 01:50
Last update: 01:35 EDT.
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