Short-stay rental platform Airbnb is acquiring Scottish proptech company Letting Cloud for an undisclosed amount. Founded in 2019 by CEO Grant MacCusker, Letting Cloud provides a platform for more than 5,000 estate agents to promote their short-term, long-term and holiday rentals. The Edinburgh-based company verifies its landlords by cross-referencing details with the Scottish Landlord Register. ... Read more ›
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The UK government is aiming to deliver full 5G standalone coverage to all populated areas by 2030 and has unveiled a £40m fund for 5G innovation to encourage “growth at a local level”. The Department for Science, Innovation and Technology (DSIT) announced the plans as part of its Wireless Infrastructure Strategy, which consists of an ... Read more ›
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Parkinson’s disease is the fastest-growing neurological condition in the world, and yet there is currently no cure. Lucy Jung co-founded Charco Neurotech, an Imperial College London spinout, to develop a medical device that alleviates Parkinson’s symptoms with vibrations. Jung, who met someone with Parkinson’s in 2014 while studying for a double master’s degree in innovation ... Read more ›
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Allotrope Energy, a startup that has developed a new form of fast-charging batteries from trees, has secured $6.7m (£5.3m) in funding. Founded in 2016, the Surrey-based energy startup develops batteries for use across the mobility, aerospace, and robotics industries. The company claims its fast-charging product can reach full energy capacity in the time it takes ... Read more ›
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For more than a decade fintech startups have been challenging the dominance of banking giants. Free from legacy technology and bureaucracy, they are often nimbler and able to innovate quickly. But until the arrival of ClearBank in 2015, there had not been a new UK player entering the clearing bank market for 250 years. Now, ... Read more ›
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Funding for UK-based health tech companies dropped by 37% in 2022, according to new research from market intelligence platform Tracxn. Funding for the UK health tech sector dropped from $2.11bn in 2021 down to $1.32bn in 2022 in a year when rising interest rates and soaring inflation caused a drawback in overall tech investment levels. ... Read more ›
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Sançar Sahin is the co-founder and CMO of Oliva, a startup providing personalised workplace mental health support. The Oliva platform gives employees on-demand, specialist mental health support. The service matches therapists with employees based on their individual needs and is active in over 70 countries. It is paid for by employers, with Oliva’s customers including ... Read more ›
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Cambridge-based climate startup Levidian has selected Luxembourg as its first European location to deploy its decarbonisation devices that convert methane into hydrogen and carbon. Luxembourg-based Stugalux will use Levidian’s LOOP device to break methane into hydrogen and carbon atoms, then turn the carbon into wonder material graphene for use in residential construction. The devices do ... Read more ›
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The state-owned British Business Bank is supporting an investor readiness programme for Welsh startups, run by Tramshed Tech. Known for its Startup Academy, Tramshed Tech is a Cardiff-based group that supports the growth of early-stage startups in the area with office space and a portfolio of incubator and accelerator programmes. Tramshed’s latest offering, the Investor ... Read more ›
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Rodeo, the finance app for gig economy workers, has raised $5m (£4m) in an investment round led by LocalGlobe. Founded in 2021, Rodeo is an app for independent contractors working in the gig economy, most commonly as couriers for companies like Just Eat and Uber Eats. Users can track their earnings from across their various ... Read more ›
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Agtech startup Pastoral has secured £205,000 in pre-seed funding for its animal tracking and farm monitoring software. Features of Pastrol’s farming software include virtual fencing, where a farmer draws an area on his phone where he would like their animals to stay within. When an animal crosses the invisible virtual fence, its collar plays a ... Read more ›
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Recent advances in technologies like ChatGPT mean we are currently at the beginning of an AI “renaissance period”, according to the recently appointed CTO of venture capital firm Sure Valley Ventures. “We’re kind of at the start of the next wave of a renaissance period equivalent to what we saw with the early days of ... Read more ›
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The number of climate-focused financial technology companies doubled in Scotland in 2022 amid a year in which Scottish fintech companies bucked the wider funding downturn. The data, which came from the independent cluster body FinTech Scotland, shows that there was an overall increase of 13% in the number of fintech companies setting up a base ... Read more ›
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A startup that has developed a hormone patch for women with menopause symptoms has raised £3m to begin clinical trials. Founded as a spinout from the University of Warwick, Medherant has created an alternative method to provide testosterone to women going through menopause. Menopausal women produce smaller quantities of testosterone. Medical bodies, including the National ... Read more ›
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LC AuxeTec has secured a seed investment from Northern Gritstone for a material described as similar to the Achilles tendon and cat skin. The University of Leeds spinout has developed an auxetic material made from liquid crystal elastomers that gets thicker rather than thinner when stretched. The startup’s material possesses a unique characteristic that enables it ... Read more ›
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The UK data watchdog has warned tech firms that it has privacy concerns about how personal information is used to develop generative AI chatbots. The popular technology, used in programmes like advanced chatbot ChatGPT, generates content based on user prompts. These programmes are trained on large volumes of web content and the responses are designed ... Read more ›
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The West Midlands was the UK’s fastest-growing tech sector in 2021, with government figures recognising the region’s strength in digital. In fact, the region is forecasted to create 52,000 digital roles by 2025. Birmingham was also singled out in 2021’s Kalifa Review of UK Fintech as an established cluster with a significant financial services presence, ... Read more ›
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The digital services tax (DST) is not effectively scrutinising Big Tech companies like Apple and Facebook that are operating in the UK, MPs have warned. In a new report, MPs on the cross-party public accounts committee said that while the digital services tax raised 30% more than expected – bringing in £358m from tech firms ... Read more ›
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Despite the difficult financial conditions faced in the country, the number of UK startups launched last year increased by 4.5%, according to research. The Centre for Entrepreneurs’ most recent Business Startup Index found that almost 800,000 new startups were founded in the UK in 2022, following on from the momentum the startup community found during ... Read more ›
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GoHenry, a London-based fintech specialising in financial services for children, has been acquired by US saving and investment company Acorns for an undisclosed sum. GoHenry, which raised almost £50m in a funding round in October last year, is an app designed to get young people into responsible digital finance. Users can receive a prepaid debit ... Read more ›
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14.06.2026 19:50
Last update: 19:20 EDT.
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