London-based startup Syndi Health has secured $2m (£1.7m) in pre-seed funding for its digital mental health platform for employees. Syndi Health’s app uses artificial intelligence to recommend well-being support to employees. Syndi Health’s pre-seed attracted investment from Founders Factory, Plug and Play, the Syndicate Room Access Fund, Neo Kuma Ventures, Remus Capital and angel investors. ... Read more ›
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Investment platform Darksquare Capital has closed its first funding round with £260,000 backing from seventeen angel investors. Founded in 2020, Darksquare was created to lower the barriers to entry to accessing investments based on alternative assets to equities, ETFs and cryptocurrencies. The company said that 70% of investors are seeking alternative investments to avoid market ... Read more ›
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Things have been hotting up in the microchip world of late. Joining the latest episode of the UKTN Podcast to discuss all things chips – from semiconductor geopolitics to a chip-frying robot (of the potato variety) – is Barney Wragg, CEO and founder of robotic kitchen automation startup Karakuri. Wragg founded London-based Karakuri in 2018. ... Read more ›
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Gousto, the recipe-box subscription service, has cut its valuation in its latest £50m funding round to help handle a “volatile period”. First reported by Sky News, the food tech unicorn, which has been backed by celebrity fitness coach Joe Wicks and Japanese investment giant SoftBank, will reduce its $1.7bn valuation as part of its new ... Read more ›
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Manchester-based tech companies raised a record £532m in funding in 2022, the highest amount outside of London and the South East of England and retaining the top spot for the best-funded northern tech hub. The data, provided by Dealroom, found that the city outperformed international cities such as Rome, Warsaw, Lisbon and Brussels. “Manchester’s thriving ... Read more ›
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Dragon’s Den star Steven Bartlett has responded to questions raised over the £7.7m price tag that his firm, Social Chain, was acquired for by a rival digital market company. The digital marketing startup was sold to rival firm Brave Bison for slightly less than £8m. The fee has stirred confusion from those who noted the ... Read more ›
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Edtech company HowNow has received £4m in a Series A funding round from Mercia Asset Management and education firm Pearson. Founded in 2016, the edtech startup is used by businesses such as Depop and Checkout.com to upskill their employees. Its platform includes a dashboard for companies to “track growth and skills progression” of its workforce, ... Read more ›
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The Financial Conduct Authority (FCA) is considering a rule amendment that would relax listing requirements on the London Stock Exchange in a move to entice the chip company Arm to IPO in the city. Various parties in the UK, including Prime Minister Rishi Sunak, have been attempting to convince the Cambridge-based semiconductor designer to pick ... Read more ›
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Administrators have selected Australian battery startup Recharge Industries as the preferred bidder to acquire Britishvolt. If the deal completes, Recharge Industries and its owner Scale Facilitation Partners would obtain “the majority of the business and assets” according to Britishvolt’s administrator EY. David A. Collard, founder, Recharge Industries, said: “We’re thrilled to be progressing with our ... Read more ›
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Salad Money, a fintech providing credit services to NHS and public sector workers, has secured a £40m debt facility from a US fund. The London-based company offers small-sum loans to key workers. The application process uses open banking technology to assess affordability, which Salad Money said means applicants aren’t penalised for having impaired credit scores. ... Read more ›
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An influx of new users to London-based neobank Kroo is causing a backlog of customer applications following a high-profile recommendation from financial journalist Martin Lewis. UKTN can reveal that the challenger bank’s application process has been overwhelmed by customers flocking to open an account on the advice of the Money Saving Expert founder. On the ... Read more ›
0
Oxford Quantum Circuits (OQC), the computing startup that broke quantum startup funding records last year, has raised an additional £869,000 as it looks to expand to Japan. OQC, a specialist in quantum computing technology, has been preparing an expansion into Asia since its record-breaking £38m Series A funding round in July 2022. The company has ... Read more ›
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While you might think a well-presented CV filled with tangible examples of how you’ve added value to your previous roles is enough to secure an interview, think again. Recruiters and hiring managers are now relying on sophisticated AI-driven applicant tracking systems (ATS) to screen potential candidates. If your CV doesn’t pass the test, it will ... Read more ›
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A group of MPs have warned the government that delays in publishing its semiconductor strategy is an “act of national self-harm” and risks the UK falling behind. MPs from the Business, Energy and Industrial Strategy (BEIS) Committee said the report, which is more than two years in the making, must be published “urgently”. The government ... Read more ›
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Scottish electric 4×4 maker Munro Vehicles has been hit with a lawsuit from the US electric vehicle company Bollinger Motors, alleging a breach of contract and patient infringement. Based in Michigan, US, Bollinger Motors filed a lawsuit against Munro Vehicles and head designer Ross Compton, alleging similarities in the design of Munro’s MK_1 4×4 and ... Read more ›
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Sam Martin is the CEO and co-founder of Peckwater Brands, a scaleup that creates virtual food brands for kitchen operators. Martin founded Peckwater Brands with Leo Bradshaw in 2019. It creates virtual food franchises, including menus, that it licenses to restaurants and businesses with the kitchen capacity to prepare additional meals for delivery. Its virtual ... Read more ›
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Social Chain, a digital marketing startup founded by Dragon’s Den star Steven Bartlett, will be acquired by rival firm Brave Bison for an initial fee of £7.7m. Founded in Manchester in 2014 by Bartlett, Social Chain creates social media marketing campaigns based around influencers for major brands. The company works with clients like TikTok, Amazon, ... Read more ›
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The NHS has been assigned a “blueprint” to increase the use of new medical technology used within the organisation. Its medtech strategy aims to provide better care through “modernised technology”, stimulate science research in the UK, champion medical technology amongst clinicians and help patients use medtech products safely. Dr Sam Roberts, National Institute for Health ... Read more ›
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Fluffy, a pet insurance, training and health app, has secured $450,000 (£366,000) in a pre-seed funding round. Fluffy currently offers dog training, 24/7 vet messaging and insurance through its app to pet owners. The app has more than 20,000 users, according to the company. London headquartered Fluffy will use the pre-seed to hire across product ... Read more ›
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A consortium, which includes supermarket Asda and HVS, has been awarded a £6.6m government grant to develop a self-driving, hydrogen-powered truck. The Hub2Hub consortium is led by Glasgow-based autonomous hydrogen truck maker HVS (Hydrogen Vehicle Systems). Asda will be a logistics partner to help test the vehicle. Jawad Khursheed, CEO, HVS, said: “We are engineering ... Read more ›
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15.06.2026 08:39
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