London-based startup Konfir has raised a £2m seed round to develop and expand the use of its employment and income verification technology. Konfir’s platform provides businesses with access to instant employment and income verification services, with the aim of streamlining the onboarding process for employers, landlords and lenders. The company combines proprietary data sources and ... Read more ›
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HR DataHub, a company that has created tools for HR departments to compare themselves against other businesses, has secured £1.4m from investors. The Houghton Conquest, Bedfordshire-based HR tech firm is used by 160 organisations including M&S, EDF Energy, Greene King, DHL and Michelin. Stephen Windsor, investor at Mercia, said: “HR Datahub offers labour market analysis ... Read more ›
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Manchester and Bristol have the highest growth in the number of new spinouts in the UK, a report has revealed. Manchester is home to 58 spinouts, up from 52 last year, while 47 spinouts are based in Bristol, up from 42 – the highest proportional growth in spinout creation. The data, compiled by research firm ... Read more ›
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It’s day three of UKTN‘s coverage of the Future Worlds accelerator 2023 cohort’s trip across San Francisco. On Wednesday, the founders visited a true landmark of Silicon Valley, the Plug and Play office in Palo Alto. The story behind the now-legendary accelerator and investor in many ways reflects the area’s spirit of turning lofty ideas into ... Read more ›
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Enterprise tech startup Deployed has secured the backing of Microsof’s venture capital arm in a $4m (£3.2m) seed funding round for its project management software. The London-based startup has developed a scoping platform that aims to simplify writing, editing and publishing statements of work. A statement of work is a document that describes a project’s requirements, ... Read more ›
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Climate tech startup Pledge has raised £8m in Series A funding to develop its decarbonisation software, which aims to help supply chain and logistics businesses meet their sustainability goals. London-based Pledge provides accredited tools for supply chain leaders and freight forwarders to understand, report, reduce and remove their logistics emissions. The platform also includes features ... Read more ›
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Property developer Bruntwood SciTech has unveiled plans for a new innovation cluster in Birmingham that aims to accelerate tech growth in the region. The project, called the Birmingham Innovation Quarter, is a joint venture between Bruntwood SciTech, Aston University and Birmingham City Council. The 20-hectare site will sit within the Birmingham Knowledge Quarter and is ... Read more ›
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The Treasury Committee has called for consumer cryptocurrency trading to be regulated in the same way as gambling. In a report published today, the cross-party committee of MPs say that cryptocurrencies have “no intrinsic value and serve no useful social purpose while consuming large amounts of energy and being used by criminals in scams, fraud ... Read more ›
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The UK’s financial regulator has shared plans to boost London IPOs and address “a significant drop in the number of listed companies in the UK since 2008.” Sarah Pritchard, executive director of markets and executive director of international at the Financial Conduct Authority (FCA), said in a speech on Tuesday that the regulator will make ... Read more ›
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The aviation regulator has issued 343 licences to UK space companies since 2021, with 18 being awarded last week in a sign of the sector’s growth. There are also another 25 applications that the regulator is sifting through from “aspiring” satellite operators, launch operators and satellite firms. Three UK spaceports are currently among the 20 ... Read more ›
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Venture capital firm Seedcamp is launching a $180m (£144.5m) fund to back 100 seed-stage companies across Europe. London-headquartered Seedcamp will provide investments of up to $1m (£802,000) for startups operating in areas including AI, cybersecurity, health tech, open source software and fintech. Fund VI has the backing of institutions, angels and the Seedcamp Network. The ... Read more ›
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UKTN’s coverage of the Future Worlds accelerator 2023 cohort’s trip to San Francisco continues with day two. On Tuesday, the Future Worlds group visited the office of Skydeck, a fellow startup accelerator and part of the University of California, Berkeley. From the lobby alone, the organisation’s prestige shone through. On the wall, a plaque hung ... Read more ›
1
Tenzo, the AI-powered restaurant PerformanceOps platform, has closed a £4m Series A funding round led by Amadeus Capital Partners and S28 Capital. Founded by two computer scientists – with one turned restaurateur – Tenzo aims to use AI to help restaurants improve their performance by optimising efficiency and increasing revenue, all while lessening the impact ... Read more ›
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The UK is leading the race for space investment in Europe, accounting for 17% of the sector’s global funding. Globally the UK’s space sector only receives less private money than the US. “We’ve spear-headed new investment into the UK space sector from homegrown and valued international partners,” said Joshua Western, CEO and co-founder of Space ... Read more ›
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London-based payments solution Hands In has completed a £440,000 funding round to accelerate the commercialisation of its group purchase platform. Hands In enables customers to split shopping baskets between a group equally or by item, inviting all group members into the transaction. Each customer can pay into the group simultaneously, and no money is taken ... Read more ›
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Edtech startup Oneday, which describes itself as “Shark Tank meets university”, has scooped $6.2m (£5m) to launch an MBA programme. Students on Oneday’s 18-month programme will receive mentorship from a “seven-figure entrepreneur mentor”, create a business and receive an MBA degree. Ranbir Arora, founder and CEO of Oneday, said: “Our mission is to provide what ... Read more ›
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The European Commission has approved Microsoft’s acquisition of Activision Blizzard just weeks after the UK competition regulator blocked the £55bn merger. The Commission says its in-depth market investigation indicated that the deal would not harm rival Microsoft consoles and rival multi-game subscription services. However, it acknowledged that Microsoft could harm competition in the distribution of games ... Read more ›
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French workplace rewards company Edenred has acquired London-headquartered employee engagement platform Reward Gateway for £1.15bn. Reward Gateway has a variety of employee-focused software tools for HR departments including a discounts scheme, benefits scheme, reward scheme, internal communication and engagement analytics. “As we will aim at a single unified platform, we will benefit from economies of ... Read more ›
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Embattled electric vehicle company Arrival has ended the first quarter with $130m (£104m) cash following cost-cutting measures as it pushes ahead with a second merger with a special purpose acquisition company. In April, the loss-making company said it will enter a business combination with Kensington Capital in a bid to raise as much as $283m ... Read more ›
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UKTN has flown to Silicon Valley to accompany the 2023 cohort of Future Worlds’ accelerator from the University of Southampton on its journey through the world’s largest tech hub. UKTN will provide exclusive behind-the-scenes coverage of the group, which contains founders across sectors including EVs, blockchain, medtech and more, as it meets with some of ... Read more ›
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27.06.2026 04:46
Last update: 04:40 EDT.
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