Tessa Clarke thinks the reason we waste so much food is because we are “no longer connected to our local communities”. To address this problem, Clarke launched the food-sharing app Olio in 2015. The Olio co-founder is this week’s guest on the UKTN Podcast, explaining the business model behind the circular economy and community-led app. ... Read more ›
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Tech Nation will continue providing endorsements for the Global Talent visa scheme until a replacement is found, the government has confirmed. The startup network ceased operations at the end of March after losing its primary revenue stream, which came via a DCMS government grant, to Barclays Eagle Labs in an open tender process. Although Tech ... Read more ›
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Data analytics firm Quantexa has entered the unicorn club, reaching a valuation of $1.8bn (£1.5bn) after securing $129m (£103.9m) in Series E funding. Quantexa’s funding round was led by GIC, with additional capital coming from Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC. Several of its ... Read more ›
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Despite a cooldown in interest around the metaverse, some startups are continuing to develop technology and attract capital from investors. One of those companies is LandVault, which has secured an additional $3m (£2.4m) in funding to build virtual worlds for clients in the gaming secor. The latest funding boost is an extension of a $25m ... Read more ›
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Mortgage platform Acre has secured £6.5m in late seed funding from the McPike Global Family Office, Aviva and Brent Hoberman’s Founders Factory. Acre is used by brokers, banks and insurers to store insurance products and client information. It provides mortgage applicants with a hub to verify their identity, submit information, track an application’s progress and ... Read more ›
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The CEO and CFO of embattled data company WANdisco have stepped down after an internal fraud investigation found over $115m in missing purchase orders. David Richards, the co-founder and chief executive, and financial officer Erik Miller, will leave their roles WANdisco with immediate effect. They are also stepping down from the board, though as of ... Read more ›
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A lab building totalling 14,000 square feet has opened its doors to life science startups and scaleups in Kent following a refurbishment project. The project, which comes from UK-based lab developer Pioneer Group, is aiming to address the shortage of laboratory space in the South East of England. The refurbished space, called Ventures Building, is ... Read more ›
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Eight universities from the Midlands have launched a new investment firm to help spinouts in the region commercialise ideas born out of academia. Midlands Mindforge is looking to raise up to £250m in long-term capital to back spinouts and early-stage companies from the region. Professor Trevor McMillan OBE, chair of Midlands Innovation Board and vice ... Read more ›
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QV Bioelectronics, a startup developing an implant that uses electric currents to treat brain tumours, has received an £860,000 grant from Innovate UK. The startup’s first implant, called GRACE, is currently in pre-clinical development. It is aiming to treat glioblastoma, the most common primary brain tumour, with electric field therapy (EFT). The Cheshire-based company said ... Read more ›
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As the global energy crisis intensifies, so too does the effort to tackle it — and increasing attention is coming from the tech sector. Climate tech investment from the Seedrs investment community soared in 2022. And with private investing becoming a popular route for consumers to back the businesses they believe can shape the world, ... Read more ›
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The Greater Manchester fintech economy is on track to contribute £1bn to the local economy before the end of the year, a new report has found. Fintech businesses in Manchester are currently worth £905m or 6.5% of the country’s fintech gross added value, according to a report published by Whitecap Consulting and FinTech North. That ... Read more ›
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After more than a decade of supporting the UK’s startups and scaleups, Tech Nation closes its doors today. Back in 2010, when the seed for the idea that would become Tech Nation first emerged during a government trade mission to India, the UK’s tech ecosystem was very different. From Deliveroo to Revolut, household UK tech ... Read more ›
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Online car retailer Cazoo has posted losses of £704m in its financial results, an increase of 30% from the year before, despite a sharp boost in revenue. Founded in 2018, Cazoo is an online platform that sells second-hand vehicles that are delivered to customers’ homes. The London-based vehicle seller grew revenues by 91% to £1.25bn, ... Read more ›
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Kitchen robotics startup Karakuri has completed a trial of its automated chip fryer with restaurant chain Nando’s. It marks the first time the London-based company has deployed its automated chip fryer in a live commercial kitchen. During a 30-day trial at a Nando’s Royal Park in London, Karakuri’s chip-frying robot helped cook over 4 tonnes ... Read more ›
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Ariana Alexander-Sefre is the founder and co-CEO of Spoke, a music-led mental wellness app aimed at Gen Zs. Alexander-Sefre founded Spoke after experiencing loved ones lose young male friends and family to suicide. The app is taking a different approach to mental wellbeing from the likes of Calm by focusing on music. Spoke hires artists, ... Read more ›
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Coadjute, a London-based proptech that uses a blockchain network to record property transactions, has raised £4m in a round led by Manchester VC Praetura Ventures. Coadjute’s core service is its blockchain-based digital ledger that estate agents can use to track transactions. The Coadjute platform is designed to connect with existing real estate software, rather than ... Read more ›
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Virgin Orbit said it will lay off 85% of its workforce after Richard Branson’s embattled rocket company failed to secure further funding. It is the latest blow for Virgin Orbit, which earlier this month suspended operations and furloughed employees as it scrambled to find further funding in the wake of its unsuccessful launch from Spaceport ... Read more ›
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London-based accounting software platform Translucent has raised £2.7m in a round led by fintech company Wise and venture capital firm LocalGlobe. Michael Wood, who worked in the world of accounting software, founded Translucent in 2022 after noticing the complexity associated with multi-entity firms dealing with financial data across multiple platforms. Translucent is a platform to ... Read more ›
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Insurance software startup Intelligent AI has collected £2m from investors to establish a base of operations in Cornwall and generate 27 jobs in the next three years. The company uses AI and satellite image data to assist in commercial property insurance underwriting. “Thanks to this investment, we will be able to accelerate our growth plans ... Read more ›
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A government-backed report has revealed an alarming prevalence of ethnic minority discrimination in the tech sector. According to new research, backed by the UK’s tech department, 61% of ethnic minorities in the UK tech sector said they have experienced discrimination in the last 24 months. The report also found that 79% of minority ethnic workers ... Read more ›
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28.06.2026 17:34
Last update: 17:25 EDT.
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