Fintech startup ZIPZERO has secured over £1m in seed funding for its consumer rewards platform, which gives shoppers cash to use for household bills in exchange for sharing their shopping receipts with retailers. The London-headquartered company raised the capital from a “diverse pool” of angel investors, including Craig Dewar, the founder of payments company Global ... Read more ›
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Australia’s Recharge Industries has bought the collapsed electric vehicle battery firm Britishvolt, which entered administration in January. Recharge Industries, which is also a battery company, had been one of the favourites to acquire the assets of Britishvolt. Other bidders included Orral Nadjari, the original founder of Britishvolt; Tata Motors, the parent company of Jaguar Land ... Read more ›
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Investment firm Spex Capital has launched a fund to invest in health tech companies and is targeting a final close of €100m (£88.3m). The health tech fund will see Spex Capital invest up to €5m (£4.4m) into tech businesses around the world at the seed to Series A stage. “With this fund, our partnership with ... Read more ›
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Messaging app Signal has said it will stop UK operations if the upcoming Online Safety Bill compromises encryption standards. Speaking to the BBC, president Meredith Whittaker said the signal app “would absolutely, 100% walk”. UKTN has reached out to Signal for comment. The Online Safety Bill, which had its second reading on 1 February, would give ... Read more ›
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The rapid adoption and excitement for tools like ChatGPT and DALL-E has firmly put generative AI front and centre for investors. Generative AI is a subset of artificial intelligence where a system creates original content based on large data training sets. While the technology has been gaining momentum for several years, it exploded into the ... Read more ›
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Alex Mifsud is the co-founder and CEO of Weavr, a London-based embedded finance company. Weavr provides plug-and-play embedded finance software, which lets non-financial businesses integrate off-the-shelf financial tools – such as bank transfers and contactless payments – onto their existing applications. Founded in 2018 by Mifsud and Adrian Mizzi, Weavr has raised more than $54m ... Read more ›
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Playdate, a UK-based dating app for single parents, has raised £250,000 in its first external funding round after bootstrapping the business since its launch in 2021. The company claims it has created the country’s first dating app aimed solely at single parents. Its founder, Nevine Coutry, was inspired by her own experience as a single ... Read more ›
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Drone infrastructure startup Skyports has set up two offices in South Korea after signing a joint venture with Marine Drone Tech (MDT). Skyports designs and builds vertiports for drone take-off and landing. It also provides drone delivery services. “Korea is a market that is well-known for its forward-thinking and innovative technology ecosystem. Our partnership with ... Read more ›
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London-based startup CyberSmart has secured £12.75m in Series B funding for its cybersecurity and insurance products for SMEs. “SMEs are notoriously under-protected from the rising cyber threat, and existing cybersecurity and insurance propositions are neither fit for purpose nor affordable,” said Phil Edmondson-Jones, partner at Oxx. “We have spent a long time searching for the ... Read more ›
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Online car marketplace Cazoo has sold off its data platform Cazana to a mystery buyer for an undisclosed figure. Selling off Cazana comes as part of the Cazoo withdrawing from the European market to focus solely on its car buying and selling in the UK. UKTN has contacted Cazoo for clarification on who the data platform ... Read more ›
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Sprout, a London-based investment platform aiming to support “underserved” private investors, has raised $1m (£831,000) in a funding round shared exclusively with UKTN. Launched in 2021, Sprout aims to “bridge the gap” between VC firms and individual investors that are keen to back startups, but “priced out” by minimum requirements. Sprout works with VC firms ... Read more ›
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Putting aside their political differences, former Labour Prime Minister Tony Blair and former Conservative Party leader William Hague have come together to jointly advocate for the UK to roll out digital IDs. Writing together in The Times, the former political rivals said that investment into science and technology was essential to achieve bipartisan success in ... Read more ›
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Edinburgh-based Archangels has “deep pockets” and “a lot of patience”, says David Ovens, joint managing director of the business angel syndicate. The syndicate has been investing in Scottish tech and life science for more than 30 years, starting with an £80,000 investment into medtech company Optos in 1992. The company later floated on the London ... Read more ›
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There is a great danger in “a single story”, says the novelist Chimamanda Adichie. If we hear only a single story about another person, group, culture or country, we risk critical misunderstandings. For employers, and tech businesses, this is a pertinent issue – failure to mitigate against this risk could result in talent pouring out of ... Read more ›
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Barclays Eagle Labs has said it is ready to support the UK tech industry and win over critics who think it’s “the bogeyman” after the government awarded it a £12m grant that resulted in Tech Nation shutting down operations. In January the government awarded Barclays Eagle Labs the Digital Growth Grant – worth £6m per ... Read more ›
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The number of tech companies incorporated in the UK increased by 22% last year, according to recent data. According to Companies House data, found by accounting firm RSM UK, 46,474 tech companies were incorporated in the UK in 2022, compared to 38,240 the year before. The figures from 2022 are almost double that of 2020, ... Read more ›
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Electric vehicle maker Arrival has secured up to $50m (£41.4m) by issuing shares to Antara Capital Master Fund LP. The firm has also issued $121.9m (£100.2m) in debt to Antara in return for 219.42 million shares in the company. Arrival says this move “significantly” reduces its debt position and helps liquidity. “Today’s agreements are an ... Read more ›
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The UK is at risk of “losing out” to the US and China if it does not provide adequate support to the artificial intelligence sector, according to BT’s AI head. Adrian Joseph, chief data and AI officer at BT, told a parliamentary meeting of the Science and Technology Committee that the global tech industry is ... Read more ›
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Kita, a London-based insurtech focused on reducing the risks associated with carbon purchases, has secured a £4m funding round. Founded in 2021, Kita believes that insurtech is a key way to achieve carbon emission removal goals that are essential to combating climate change. “To prevent the worst impacts of climate change, we must remove gigatons ... Read more ›
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Cambridge-based investment firm Amadeus Capital is partnering with Apex Ventures to launch a new €80m (£70.3m) deep tech fund. The joint fund will target early-stage companies with investments of around £1m at the seed and Series A stage. The two VC firms said they will look for deep tech startups with “unique and defendable technology”. ... Read more ›
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15.06.2026 03:54
Last update: 03:40 EDT.
News rating updated: 10:40.
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