The London Stock Exchange could next year launch a new stock market for private companies as it explores ways to encourage liquidity in UK markets. The LSE’s chief executive said yesterday that the private exchange, currently called Intermittent Trading Venue, would allow companies to auction off shares whilst remaining in private ownership. Julia Hoggett, CEO ... Read more ›
1
UK identity verification scaleup Onfido has acquired American digital ID company Airside Mobile for an undisclosed sum. The deal will combine Virginia, US-headquartered Airside Mobile’s digital identity-sharing technology with Onfido’s biometric ID verification. For example, a traveller will be able to verify their digital ID using Onfido’s technology to share with airport security, then using ... Read more ›
1
Online car marketplace Cazoo is looking at ways to restructure its noteholders’ debt as it continues to shore up its balance sheet following an exit from the European market. The firm has around $630m (£507.5m) in 2% convertible senior notes – which offer the investors the ability to earn interest – required in 2027. In ... Read more ›
6
Navigation software company What3words has shrunk its losses by nearly £12m according to its latest financial results. What3words cited fair value adjustment of convertible loan notes for the decrease in post-tax losses, which fell from £43.3m in 2021 to £31.5m in 2022. The London-based company’s loan notes now stand at £17m, compared to £64m the ... Read more ›
3
The UKTN Podcast is back for season three. In the first episode, Eccie Newton, co-founder and CEO of Karma Kitchen, addresses some of the misconceptions surrounding dark kitchens, explains how the sites are “closer to a co-working space” and shares ways to minimise courier traffic in local areas. Newton co-founded Karma Kitchen with her ... Read more ›
2
On the final day of the Future Worlds 2023 cohort’s trip across the San Francisco Bay Area, the UK founders had the opportunity to tour the campus of one of the world’s largest tech firms: Google. After a week of learning from fellow founders and major investors, along with pitching their companies at Thursday’s networking ... Read more ›
2
The University of Bradford is creating an AI hub focusing on transitioning university projects into spinouts. Starting in September, the University of Bradford AI innovation hub will provide business resources to students such as legal responsibilities, pitching and financing. Professor Zahir Irani, deputy vice-chancellor of the University of Bradford, said: “Our MSc programme has landed ... Read more ›
1
The finance chief of London-based fintech Wise is stepping down, coming just weeks after its CEO announced he will take a three-month paternity leave in September. Wise CFO Matt Briers, who has worked with the international remittance company for eight years, will step down to support his recovery from injuries sustained in a bicycle crash ... Read more ›
31
Drug discovery startup PharmEnable has secured $7.5m (£6m) in a pre-Series A raise led by Mitsubishi Tanabe Pharma Group’s venture capital division, MP Healthcare. The Cambridge-based biotech has developed an “AI-powered” drug discovery technology to create small molecule drugs that are inspired by nature. Cambridge Enterprise, the University of Cambridge Enterprise Fund VIII – operated ... Read more ›
2
Multiverse, the edtech unicorn founded by Euan Blair, has made its first acquisition by snapping up the Danish startup Eduflow. The acquisition marks the largest single investment in technology from Multiverse, which became the UK’s first edtech unicorn in June 2022 after a £176m funding round pushed its valuation over the $1bn mark. Multiverse provides ... Read more ›
2
London-based UNDO, a climate tech startup spreading volcanic rock dust on farms to capture carbon in the soil, has secured $12m (£9.6m) in funding. The investment includes £9.6m in new funding led by Lowercarbon Capital and AENU, while the startup secured an additional £800,000 renewal from carbon removal purchaser Stripe. UNDO said it will use ... Read more ›
2
Tech industry stakeholders have described the £1bn funding behind the UK’s long-awaited semiconductor strategy as “disappointing” when compared to other nations. This morning the government revealed a plan to boost the country’s semiconductor industry by focusing on research and design, and protecting chip supply chains by forging strategic partnerships. However, the £1bn funding – split ... Read more ›
0
Mozilla Ventures, the recently launched investment arm of the company behind the Firefox web browser, has made its first UK investment with the gig economy worker app Rodeo. London-headquartered Rodeo lets workers access and control their data, providing insights like earnings over time and pay rates across different gig platforms. App users can also chat ... Read more ›
0
The UK will lead on limiting the risks of AI but a global approach to regulation is needed, Prime Minister Rishi Sunak has said. Speaking on the plane to Japan for the G7 summit, where AI will be discussed, Sunak said that AI is beneficial to the UK but must be introduced “safely and securely ... Read more ›
2
The UK government has unveiled its long-awaited semiconductor strategy, which will provide funding of up to £1bn over the next 10 years in a bid to boost the country’s microchip sector. The government said it would spend £200m on improving infrastructure, increasing research and development and encouraging overseas collaboration between now and 2025. The government ... Read more ›
20
It’s day four of the Future Worlds 2023 cohort’s trip across San Francisco and it’s the group’s most important event yet – pitch time. After a week of learning about the Silicon Valley startup culture, it was time for the Southampton-based cohort to deliver their pitches to an audience of California’s top tech decision-makers. Before ... Read more ›
15
Artificial intelligence (AI) is not new. In fiction and reality, machines’ ability to demonstrate human-like learning, behaviour and decision-making has been heavily invested in and prophesied over for decades. But there can be no denying that 2023 has greatly heightened the level of hype surrounding this field of technology. And hype is the operative word. ... Read more ›
2
Barnaby Lashbrooke is the CEO and founder of Time Etc, a virtual assistant platform. Lashbrooke founded Time Etc in 2007 and has been the CEO for 16 years. Time Etc has been bootstrapped since launch, and now has revenues of $13.5m, according to the company. The Birmingham-founded company’s biggest market is the US, followed by ... Read more ›
1
Curio, a platform that turns expert journalism into narrated content, has secured investment from Mark Anderson, the head of conference organisation TED. The undisclosed investment came alongside the launch of Curio AI, which lets users request a personalised audio episode created from the startup’s extensive collection of human-narrated journalism. Curio AI, which is currently in ... Read more ›
15
Investment firm Elkstone has closed a €100m (£87m) early-stage fund, with an anchor commitment from the Ireland Strategic Investment Fund. It plans to invest between €1m (£869,000) and €2m (£1.7m) in Irish companies over the next three years. Elkstone chief executive, Alan Merriman, said: “We are delighted to have delivered on our promise to the ... Read more ›
17
Most popular sources
ScienceDaily
|
0% |
ReadWrite
|
0% |
UK Tech News
|
0% |
Mashable
|
0% |
EU-Startups
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.06.2026 03:05
Last update: 03:01 EDT.
News rating updated: 10:03.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.