Biodegradable plastic startup Polymateria has bagged £20m in capital from investors in its Series B round. Polymateria has created packaging that degrades at a much faster rate than traditional plastics. The company says its product takes less than a year to degrade by more than 90%, compared to traditional plastic which takes decades to hundreds ... Read more ›
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The value of VC firm Molten Ventures’ holdings, which includes notable tech companies such as Revolut and Graphcore, has dropped by almost £200m in a sign of a challenging market. London-based Molten Ventures said in a trading update that the gross value of its tech portfolio had dropped from £1.53bn last year to £1.37bn at ... Read more ›
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Centuro Global has scoped £3.3m for its software platform that assists companies that are expanding their operations overseas. Businesses growing over new borders can use its AI tools to aid with immigration, HR, legal compliance, tax and accounting. “Global expansion is complex, with confusing local laws, complicated taxes and hefty fines for those who fail ... Read more ›
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Richard Arundel is the co-founder of Currencycloud, a payments infrastructure company that was acquired by Visa for £700m in 2021. Arundel, who has over 15 years of experience in foreign exchange markets, founded the B2B cross-border payments company in 2012. The London-headquartered company has developed payment APIs that are used by the likes of Revolut, ... Read more ›
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Sky-rocketing interest rates, the unexpected demise of Silicon Valley Bank and wider economic uncertainty have created a challenging environment for UK tech entrepreneurs seeking to secure funding. Understandably, investors have grown ever more cautious – venture capital funding has dropped by more than 50% over the last twelve months. Against this backdrop, last Friday’s TLA ... Read more ›
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When OpenAI launched ChatGPT in November 2022, mass adoption of artificial intelligence (AI) came sharply into focus, with the chatbot crossing 100 million users just two months later to become the fastest-growing consumer application. In fact, according to a state of AI report from McKinsey, AI adoption has more than doubled globally from 2017 ... Read more ›
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HumanForest, a London-based micromobility startup, has raised £12m as it looks to expand its e-bike service across the UK capital. Founded in 2020, HumanForest has rolled out its rental e-bikes to nine London boroughs. The company differentiates itself from competitors like Lime by offering users 10 minutes of free cycling per day. HumanForest said the ... Read more ›
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The co-founder behind Muslim dating app Muzz has raised £2.75m in seed funding for his latest venture: a calendar app called Onin. The London-based software company has developed a keyboard extension that lets users check their calendar, create events and invite people without having to leave their messaging app. Ryan Brodie, founder and CEO, Onin, ... Read more ›
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TympaHealth, a startup building a digital solution to treat hearing issues, has raised $23m (£18.5m) in a round led by Octopus Ventures. The London-based startup’s digitised ear and hearing health assessments can be used to support clinicians across a variety of ear, nose and throat (ENT) processes, including otoscopies, micro-suction wax removal and general hearing ... Read more ›
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Sony Music and Digital Catapult have launched a UK-based programme to support Black founders who are working in the digital entertainment space. The initiative, called The FutureScope Black Founders Programme, is accepting entrepreneurs using technologies in their business such as sing 5G, AI, VR, distributed ledger and quantum. The key criterion is that the business ... Read more ›
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Just over a year after coming out of stealth with a £13m fundraise, London-based pricing operations platform M3ter has almost doubled its funding with a $14m (£11.2m) Series A round. Having grown its domestic client base in the past year, the startup is now turning its attention towards capturing the US market. Founded in 2020, ... Read more ›
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“Most of the money is in London,” says Tony Stott, CEO of Midven and investment director at Future Planet Capital. “We’d like people from London to come up to the West Midlands to invest more”. The region, which has a tech sector valued at £15.3bn, has been creating new funding resources for its startups and ... Read more ›
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The digital skills shortage has been a perennial problem holding back the UK’s innovative companies. There is a chronic imbalance between the number of workers with sought-after tech skills and the number of vacant roles that shows no sign of abating. While the skills gap is a global issue, it has been acutely felt in ... Read more ›
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The UK competition regulator has blocked the $68.7bn merger of Microsoft and Activision over concerns that it would lead to reduced “innovation and less choice for UK gamers”. The Competition and Markets Authority (CMA) first flagged its concern with the deal last July. The deal would see the Xbox owner take over the developer of ... Read more ›
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A London-based voice isolation startup, IRIS Audio Technologies, has raised $7m (£5.6m) in a Series A funding round to drive an expansion into North America. IRIS has developed a suite of audio tools that are based on research into how sound affects the brain. Its flagship product is the IRIS Clarity, an AI-powered product that ... Read more ›
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Burntwood, Staffordshire-based biotech company It’s Fresh! has harvested £6.7m in an investment round led by the venture capital firm BGF. Businesses working in the food production chain use the company’s ethylene control filters to keep vegetables and fruit fresher for longer. Its filters remove and absorb ethylene from surroundings, which in turn delays food decay. ... Read more ›
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The founder of Pragmatic Semiconductor has suggested the UK chip company may move operations to the US if the government doesn’t support the industry. Speaking to Bloomberg, Scott White, who co-founded Pragmatic Semiconductor in 2010, said that government efforts to support UK microchip production have not adequately convinced the Cambridge-based firm to keep operations on ... Read more ›
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Innovate UK has made £100m in funding available for companies working on AI and machine learning projects. A competition from the UK’s national innovation agency will deploy as much as £5m for AI innovation projects lasting four to six months. Individual grant applicants will receive up to £50,000. “We aim to unlock the untapped potential ... Read more ›
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Venture capital (VC) investment in the UK fell to its lowest level since before the pandemic in the first quarter of the year, according to new data. UK companies received £2.9bn in the first three months of the year, a relatively paltry figure compared to the heights of the last two years, according to research ... Read more ›
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Venture capital firms including Pembroke VCT, Octopus Ventures and Praetura Ventures have invested £6m into Seatfrog, a train ticket platform taking on Trainline. The London-headquartered business lets users book train tickets, switch trains and bid for an upgrade to first class. “Our mission is to be the platform of choice for rail, helping people fall ... Read more ›
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27.06.2026 08:12
Last update: 08:05 EDT.
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