Entrepreneur network Founders Forum Group is in talks to acquire the brand of Tech Nation, which is closing at the end of the month after losing a bid for government funding to Barclays Eagle Labs. The group, launched by entrepreneur Brent Hoberman in 2005, consists of Founders Forum, accelerator Founders Factory and investment arm Firstminute ... Read more ›
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AI has huge potential to make businesses more sustainable. It is already being deployed by companies including Google to cool data centres, in hospitality to track and reduce food waste, and by governments such as Indonesia and Peru to show near real-time vessel movements in the ocean to combat illegal fishing. In 2023, governments and ... Read more ›
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Private equity firm Maven has hit a £70m milestone for investments into businesses based in the North West of England. The investments, made through Maven’s Northern Powerhouse Investment Fund, have helped to create 1,300 jobs in the region, the firm said. “Celebrating this milestone is a testament to the appetite for investment here and demonstrates ... Read more ›
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Connect Earth, an environmental data startup based in London, has secured $5.6m (£4.5m) in funding as it looks to grow its sustainability tools for financial firms. Founded in 2021, Connect Earth has created a platform for financial firms to track their carbon footprint and monitor the environmental impact in their decision-making. Connect Earth plans to ... Read more ›
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Plans for a government-backed non-fungible token (NFT) made by the Royal Mint have been dropped for now, according to the Treasury. Rishi Sunak revealed plans for a British NFT, to be produced by the Royal Mint, as part of his initial embrace of cryptoassets back in April 2022. Sunak, who was then serving as the ... Read more ›
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London-based generative AI startup Hazy has scooped $9m (£7.3m) in a Series A funding round that attracted investment from US tech giant Microsoft. Hazy’s AI creates synthetic data, which is artificial data that replicates the quality of real data but does not include personal information. In addition to privacy benefits, businesses can use synthetic data ... Read more ›
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Venture capital firm Playfair has closed $70m (£56.8m) for its pre-seed fund, doubling its total raised to $140m (£113.6m). London’s Playfair Capital makes investments of approximately £750,000 in SaaS, AI, health tech and marketplace startups. It says it backs all portfolio companies in follow-on rounds. Chris Smith, managing partner of Playfair, said: “I’m incredibly proud ... Read more ›
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Joining the latest episode of the UKTN Podcast is Mikela Druckman, CEO and co-founder of AI waste analytics company Greyparrot. During the show, Druckman explains how her company uses AI to identify and sort through “mountains” of waste, why legislation is key to reducing rubbish, and discusses the crackdown on greenwashing in the packaging supply ... Read more ›
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An Oxfordshire-based company developing smart water tanks has received £9.2m in funding to construct a research and development (R&D) centre. Mixergy, founded as a spinout from the University of Oxford, will use the new R&D facility to test the thermal stratification used in its water tanks. Mixergy uses thermal stratification allows its water tanks to ... Read more ›
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US and UK-based venture capital firm SR One has closed $600m (£489.3m) for its second fund to invest in the biotech sector. SR One is a spinout from the British pharmaceutical and biotech GlaxoSmithKline, it has offices in California, Pennsylvania and London. SR One’s Fund II will invest in early-stage biotech startups developing new medicines. ... Read more ›
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OneWeb has launched 36 internet satellites, allowing the company to expand its internet coverage worldwide later this year. The 36 OneWeb satellites were launched by NewSpace India Limited from the Satish Dhawan Space Centre in Sriharikota, India yesterday. Sunil Bharti Mittal, Executive Chairman of OneWeb, said: “In my work I have seen the power of ... Read more ›
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Bink, the customer loyalty fintech backed by the likes of Barclays and Lloyds Banking Group, has secured £9m in new funding. First reported by Sky News, the app, which links existing payment cards to various loyalty programmes, has had a cash boost, with the bulk of new funds (£7.5m) coming from existing investors of Bink’s ... Read more ›
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Over the last year, 58% of UK financial services board appointments were female, ahead of the Europe-wide average of 50%. The gender diversity data, published by EY, is encouraging for the finance world. Seeing figures of female parity – and even majority – is rare. But there’s a danger to the data here, too. It’s ... Read more ›
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The Greater Manchester Combined Authority (GMCA) has joined forces with Microsoft in a three-year digital skills partnership. A three-year Memorandum of Understanding (MoU) by Microsoft and GMCA aims to underpin 30,000 people entering the tech and digital space in the region. Councillor Eamonn O’Brien, GMCA, said: “Greater Manchester is the fasting growing tech hub in ... Read more ›
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London-listed review site Trustpilot has won two lawsuits against companies accused of posting fake reviews to its platform. Trustpilot, which was listed on the London Stock Exchange in its 2021 IPO, has faced criticism for fake company reviews since its foundation. Now, for the first time, the consumer feedback service was able to combat this ... Read more ›
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The government wants to make the UK a “tech superpower” by 2030. In its latest effort to meet this ambitious goal, the government has published an International Technology Strategy that will form a roadmap for its actions overseas. Following the release of the National Quantum Strategy, as part of the Spring Statement, the new International ... Read more ›
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Leading crypto exchange Bitget.com is already well known for its trading products, easy on-off ramp fiat solutions and copy trading platform. But what are the other products the exchange offers? Bitget Shark Fin is a crypto product that combines a high annual yield rate (APR) with financial trading products highly popular within the crypto markets. ... Read more ›
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Hadean, a London-based metaverse startup, has raised $5m (£4.09m) to build out its immersive infrastructure. Hadean develops web3 components that are used to develop metaverse experiences. The company was founded with the goal of expanding the scale of immersive experiences, which despite Facebook’s expensive push into virtual reality, have so far been limited. “Our objective ... Read more ›
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Rain drizzled down on the glass-domed roof of the ABC Building in Manchester city centre as Tech Nation CEO Gerard Grech delivered the growth network’s final report before its impending closure. During a maximum capacity event on Thursday afternoon, Grech and the Tech Nation team unpacked the findings from its last report, which estimates that ... Read more ›
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London-based fitness app GoJoe has secured £1.2m in funding, including backing from former Manchester United player Michael Carrick, as it looks to scale the B2B side of the business. Founded in 2018, GoJoe is a social fitness app that aims to cater to both consumers and businesses and is looking to replace traditional workplace wellness ... Read more ›
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14.06.2026 21:46
Last update: 21:25 EDT.
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