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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In episode three of this season of the UKTN Podcast, Coachvox AI founder Jodie Cook explains how her company creates “artificially intelligent” versions of coaches and mentors to provide 24/7 support. London-headquartered Coachvox AI has created tools for entrepreneurs, coaches and content creators to train an AI model to communicate with their style and personality ... Read more ›
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Trade association techUK has called on the government to support the digital economy as a way to tackle the country’s biggest issues, ahead of the next general election. In its newly unveiled Tech Plan, the trade association outlined how supporting the tech industry could give the government a major boost in dealing with wage stagnation, ... Read more ›
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The number of company exits by UK female-run or owned businesses has risen from five in 2013 to 171 last year, new data has shown. The figures, compiled by J.P. Private Bank, show that the 16.3% year-on-year rise in female exits bucked a decline in the number of overall “high-growth” company exits, which fell by ... Read more ›
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London-based Isomer Capital, which backs venture capital funds and startups directly, has completed the first close of its €250m (£216m) fund by securing one-third of its target. Isomer Capital III will continue the firm’s history of targeting emerging VC and growth startups across Europe. “As a pioneer of the VC ‘fund of funds’ model in ... Read more ›
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MPs have called for meaningful cryptoasset regulation by 2025, dedicated cryptocurrency units and a “crypto tsar” to ensure the UK can be an early leader in the sector. The All Party Parliamentary Group for Crypto and Digital Assets Group has today published a comprehensive report on the “urgent” need to regulate the sector. The cross-party ... Read more ›
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Edinburgh-based startup Pasabi has secured a $3m (£2.4m) investment to expand its digital fraud detection platform. Fake content is often the scourge of online product and service reviews, with companies like Trustpilot having to remove millions of suspicious customer ratings to ensure user trust. Pasabi is looking to combat this issue with its fraud detection ... Read more ›
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Tech giant Microsoft, VC firm Impact X Capital Partners and Spring Innovation have launched a programme for water tech projects from Black and female founders. Those selected for the Impact X Venture Studio initiative will share seed funding of £250,000, cloud credits worth up to £120,000 and access to offices. “The Impact X Venture Studio ... Read more ›
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Digital mortgage broker Habito has secured fresh funding and appointed a replacement for its outgoing CEO. The undisclosed fresh investment came from Habito’s previous backers Augmentum Fintech, SBI Investment, Volution and Bootstrap Europe. London headquartered Habito provides tools including mortgage switching, and home-buying services. Ying Tan will become the company’s new CEO – pending Financial ... Read more ›
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Investors have high expectations for a medicinal cannabis startup based on the Isle of Man, which has secured a £1m seed funding round. Grow Lab Organics – founded by Alex Fray, Charlie Price, and Charlie Lyons – is researching and growing different strains of medicinal cannabis. The budding startup is aiming to capitalise on a ... Read more ›
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Deep tech-focused VC firm IQ Capital has secured $400m (£320m) across two funds to continue investing in the sector. London and Cambridge-based IQ Capital achieved a final close of $200m (£160m) for its fourth fund and launched its second growth fund of the same size. Kerry Baldwin, managing partner and co-founder of IQ Capital, said: ... Read more ›
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HM Treasury and the Bank of England are continuing to explore the development of the digital pound with an extension of their joint consultation. The four-month consultation period to determine how and if the UK should approach the building of a state-backed cryptoasset was originally set to end next week. The departments have since postponed ... Read more ›
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HSBC has unveiled a £15bn lending fund for UK SMEs, with £500m funding dedicated specifically to the technology sector. The bank has further fenced off lending for overseas trading firms (£2bn), agriculture (£1.2bn) and franchise businesses (£500m). The regional breakdown for the HSBC SME fund is: London £3bn Midlands £2.7bn North £3.3bn South £4bn Wales ... Read more ›
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The UK competition watchdog has responded to the recent AI regulatory white paper, warning of the potential competition risks that the technology poses. In March, the government published its sector-specific AI white paper in the first attempt to get a handle on implementing regulation for the rapidly growing technology. The Competition and Markets Authority (CMA) ... Read more ›
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Digital Catapult has begun working with tech giant Nvidia on a creative tech firm challenge in the West of England. Nvidia and Digital Catapult will fund selected companies on the initiative with a maximum of £50,000 to develop a prototype or innovate on prior work. Dr Jeremy Silver, CEO, Digital Catapult said: “This new MyWorld ... Read more ›
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Mandana Ahmadi is the CEO and co-founder of Alena, a company harnessing computational neuroscience to decode the mental patterns that drive social anxiety. The London-headquartered company, which is aiming to tackle the world’s mental health crisis, has created an app that analyses the mental patterns that cause people social anxiety using games that simulate real-life ... Read more ›
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In a boom period that began at the end of the 2008 financial crisis, the UK tech sector has attracted an influx of financial institutions and venture capitalists seeking investment opportunities among up-and-coming companies. Even during the current period of economic uncertainty, Britain remains the largest tech sector in Europe and the third largest in ... Read more ›
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Tech worker maximum wages have climbed by as much as 30% since last year despite a negative economic outlook, new research as found. According to a report from the tech recruitment agency Aspire, even though a number of high-profile firms have had to announce layoffs this year – including Benevolent AI, Just Eat, and Deliveroo ... Read more ›
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Tandem Bank has hit a full year of operating profit for the first time in company history after transitioning into a ‘green bank’. As revealed in the company’s financial report today, the challenger bank’s deposits increased by over 126% in 2022, from £771m to £1.75bn. The firm also increased its lending to £1.2bn, resulting in ... Read more ›
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Manchester-based financial software maker Red Flag Alert has raised £3.5m from the venture capital firm Foresight Group. Red Flag Alert provides financial software tools such as B2B market research, credit checks, anti-money laundering compliance, digital ID verification, portfolio management and data analysis. Red Flag Alert will use the funding boost to further develop its products ... Read more ›
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Clinical trial software developer Lindus Health has revealed has received backing from PayPal co-founder and billionaire investor Peter Thiel. It comes as the startup secured £436,603 in grant funding from Innovate UK in May. Total investment for Lindus Health now stands at $6m (£4.8m) from the likes of Thiel, Firstminute Capital, Seedcamp, Hambro Perks and ... Read more ›
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21.06.2026 03:37
Last update: 03:15 EDT.
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