London-based digital supply chain finance startup Finverity has raised £4m to address the funding gap in global trade finance. Finverity was founded in 2017 to modernise supply chain finance, a form of financing that allows companies to access funds quickly based on the value of outstanding receivables. The startup offers two key products to clients: ... Read more ›
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British Patient Capital has invested £30m into Northern Gritstone, a North of England venture capital firm. British Patient Capital, a division of the state-owned British Business Bank, secured the new capital after its £215m raise, which included contributions from the Greater Manchester Pension Fund and West Yorkshire Pension Fund. Northern Gritstone backs spinouts from universities ... Read more ›
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The UK’s competition regulator is conducting a deeper investigation into Broadcom’s $61bn acquisition of VMware. Broadcom had five working days to come up with revisions that satisfy the Competition and Markets Authority’s (CMA) concerns. The CMA has highlighted that the takeover could affect competition across ethernet network interface cards, fibre channel host bus adapters, storage ... Read more ›
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Venture capital firm Jenson Funding Partners is investing £250,000 into the AI farming spinout Permia Sensing. The Imperial College London spinout uses an acoustic sensor and artificial intelligence to listen for the sounds of red palm weevils on coconut palm trees. Red palm weevils cause damage to coconut palm trees and if the sensors detect ... Read more ›
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Between the shutdown of Silicon Valley Bank and impending closure of Tech Nation, March has been as tumultuous a month for the UK tech industry as it gets. Despite the challenges of the past few weeks for many leaders in the sector, it also revealed important lessons about how to tackle complex problems and build ... Read more ›
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Tech Nation has revealed the winners of its final Rising Stars startup competition ahead of its impending closure after more than a decade of operations. Rising Stars winners will receive a support package that includes the chance to “showcase ” their businesses to the UK tech investors and accelerators. Winners of the Rising Stars competition ... Read more ›
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Video compression startup Deep Render has received $9m (£7.3m) through a combination of equity and grant funding. The London-based company is developing file compression technology to free up bandwidth for internet service providers. Deep Render’s software uses machine learning to reduce the size of videos up to “up to 5x smaller”, which the company says it ... Read more ›
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Payments provider Paytrix has landed $18.3m (£14.8m) in Series A capital led by Unusual Ventures, Motive Partners and Bain Capital Ventures. The London-headquartered fintech’s payment API is used by businesses to send, receive and store payments. Aran Brown, CEO and co-founder of Paytrix, said the company is aiming to slot into the middle gap between ... Read more ›
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Cardiff-based venture capital firm Waterspring Ventures was born out of founder and managing partner Sam Huxtable’s frustration with finding finance in the Welsh capital. Huxtable was previously an associate portfolio manager for the investment management firm Schroders before realising he wanted to work with startups, where he felt he could have a greater impact. Following ... Read more ›
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Innovative companies in the UK may have to wait significantly longer than other major nations to secure patents for new technology, a study has shown. Analysis from Catax has found that patent applications, which are required to protect the intellectual property of new technologies, come with a more than 18-month wait for a response in ... Read more ›
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A group of investors have deployed £1.8m into a gravity sensor company as part of a wider £2.8m financing round. Cambridge-based Silicon Microgravity is developing gravity and inertial sensors, more commonly known as accelerometers and gyroscopes. Francis Neill, CEO of Silicon Microgravity, said: “Our Inertial sensors are already gaining strong industry interest globally with a ... Read more ›
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Pension and insurance company Scottish Widows has launched four new green investment funds totalling £1.4bn. Scottish Widows will target companies developing solutions for clean energy, clean mobility, sustainable transport, biodiversity preservation, and pollution. The Edinburgh-based insurer developed its primary fund, the Global Environmental Solutions fund, alongside Schroders, which will serve as the asset manager of ... Read more ›
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The government has said it will take a sector-by-sector approach to AI regulation to “turbocharge” growth while ensuring “responsible” use by businesses. The proposed regulations will cover all types of AI, including generative AI models such as ChatGPT. In a new white paper from the recently established Department for Science, Innovation and Technology, the government offered ... Read more ›
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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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28.06.2026 19:30
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