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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Blockchain startup Libraro has secured a £2m equity investment for its platform that aims to direct publishing houses to new writing projects. The London-based company is seeking to break up the age-old and largely unchanged book publishing industry. Aspiring writers can post their work on the Libraro platform, which can then be accessed by publishing ... Read more ›
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A Newcastle-based cybersecurity firm has secured £500,000 in funding as it prepares to roll out its automated platform to protect SMEs. Melius Cyber, founded in 2018, was created as a spinout from the IT business Melius Group. Its security platform automates vulnerability scanning for IT systems and small and medium businesses. The platform simulates cyberattacks ... Read more ›
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Venture capital firm Foresight Group has led the $5m (£4m) Series A funding round for the London-based AI sales software startup Kluster. The company’s software is used by sales teams to monitor sales data and trends. They can also use it to create sales plans detailing hiring numbers, call numbers and who to contact. Following ... Read more ›
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Entrepreneur network Founders Forum Group has acquired the outgoing Tech Nation after it halted operations last month. The two organisations initially entered talks last month regarding a possible acquisition of the branding of Tech Nation. Gerard Grech, founding CEO, and Tech Nation Advisory Board member, said: “I am confident FF Group will continue the vital ... Read more ›
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University of Sheffield spinout Productive Machines has picked up £2.2m for its AI software that aims to reduce the damage caused by machine vibrations in metal mills. Productive Machines creates a digital twin – a virtual representation – of machinery in action to predict the optimal way for it to complete the task. The company ... Read more ›
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Cambridge-headquartered quantum computing startup Riverlane has secured £15m in a Series B funding round. Riverlane is developing a self-correcting operating system for quantum computers, which are prone to errors. Steve Brierley, founder and CEO of Riverlane, said: “Armed with useful quantum computers, humans will enter the Quantum Age, where we go from slow trial and ... Read more ›
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The prime minister and tech secretary have announced a £100m taskforce to accelerate the UK’s artificial intelligence (AI) sector. Announced at Business Connect, the new funding will be in addition to the £900m already announced at the budget to support compute infrastructure in the UK. The new AI taskforce will attempt to keep the UK ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has appointed 7 non-executive members to its Start-Up Board, established to advise the government on how to support the private startup space. Members of the new DSIT startup board include astronaut Tim Peake CMG and Phoenix Court co-founder Saul Klein. Klein said: “I am looking forward to ... Read more ›
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More than 100 aspiring and existing venture capital firms (VC) have joined the latest cohort of Newton, a training and networking project from LocalGlobe, London Business School (LBS) and founding partner SVB UK. The Newton Venture Program, which was first launched in 2020, has brought on 68 up and coming VC professionals to join its ... Read more ›
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Enterprise technology company Sage is one of the nearly 50 businesses to publicly terminate or suspend membership of the CBI following a second allegation of rape that threatens the future of the scandal-ridden business lobby group. UK companies ranging from car manufacturer Jaguar Land Rover to chip intellectual property designer Imagination Technologies deserted the Confederation ... Read more ›
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An entrepreneur who fabricated that Airbnb acquired his Scottish proptech company has also misled investors during a £466,000 crowdfunding raise for a separate venture that claims to be the “Uber of student rentals”. UKTN can reveal that Grant MacCusker, along with his teenage son Jamie Stewart, listed three fake employees on an investor slide deck ... Read more ›
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Energy storage business Gravitricity is entering the US through a partnership with IEA to be eligible for a government funding programme launched by the president. Partnering with IEA Infrastructure Construction, the firms will together search for funding from President Joe Biden’s recently announced $450m (£363.1m) fund for clean energy initiatives. Robin Lane, commercial director of ... Read more ›
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After the discovery that the company may have falsified millions in revenue, the Financial Conduct Authority (FCA) is launching a probe into data firm WANdisco. The WANdisco investigation from the FCA will focus on the period between January 2022 and March 2023 according to the company. A statement from WANdisco said that company announcements over ... Read more ›
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Founders Pledge, the London-based charity programme to encourage tech leaders to donate proceeds, has created a venture capital (VC) initiative to drive investment and donations. The investment project, called Pledge Ventures, will invest in high-growth tech startups with founders who are prepared to support the pledge’s charitable goals. Founders Pledge has company leaders – including ... Read more ›
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London-based payment provider Paddle’s Christian Owens is stepping down as CEO after more than 10 years in the role. Owens is set to be replaced by Jimmy Fitzgerald, Paddle’s COO who has previously worked at ServiceNow and Oracle. In a Linkedin post, Owens said: “It’s hard for me to put into words the experience of ... Read more ›
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Philip Russmeyer is the founder and CEO of FITFILE, a startup that has created a platform to pull together anonymised health data records for medical research. Russmeyer, who has a background in investment banking and corporate strategy, founded FITFILE in 2020. The London-headquartered company says its platform opens up real-world health data to researchers “in ... Read more ›
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Almost half (47%) of climate tech leaders said they could not raise enough funding in the last 12 months, according to a survey conducted by London Tech Week. Another significant issue facing those in climate tech (29%) was struggling to find suitable talent. The survey of 900 climate tech leaders follows an overall decline in ... Read more ›
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London-based venture capital firm Kindred Capital’s third fund has closed $130m (£104.6m) to invest in pre-seed startups. Leila Zegna, general partner, Kindred Capital, said: “From fintech to fertility, cell and gene therapy to retirement communities, we see talented founders building businesses in many important spaces that help shape the future trajectory of the country.” Previous ... Read more ›
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Meta is set to relocate the majority of Instagram’s London staff to New York, backtracking from the UK hub plan for the social media giant. In August last year, Instagram head Adam Mosseri moved the majority of operations to the app’s London office in King’s Cross, suggesting the UK capital would form a major part ... Read more ›
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27.06.2026 10:13
Last update: 10:06 EDT.
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