Joining the latest episode of the UKTN Podcast is Anne Boden, founder and CEO of Starling Bank. During the show, Boden talks about being the “odd one out” in the world of finance, how VCs are overlooking female founders and why crypto is “lacking sufficient practical and moral purpose”. Boden founded Starling in 2014 after decades ... Read more ›
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Extreme weather events and soaring global temperatures have thrown climate tech into sharp focus. Environmentally conscious investors have been turning to companies solving the world’s climate challenges in growing numbers. In fact, crowdfunding for climate tech businesses increased by 154% on the Seedrs platform in 2022, according to our annual sector report. The report, which ... Read more ›
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Rapid grocery delivery company Getir is cutting UK jobs after laying off 100 staff at its headquarters in the US. The layoffs will not be as extensive as the 14% global staff reduction at Getir last year, per Sifted’s sources, which first reported the news. The cuts follow Getir acquiring rival rapid delivery startup Gorillas ... Read more ›
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Tech Nation is exploring bids to buy up its remaining assets amid reports that it is in a dispute with successor Barclays Eagle Labs over the number of staff it will take on from the startup growth network ahead of its closure in March. The UK startup support network, founded under David Cameron’s premiership to ... Read more ›
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Construction has officially started on a new £30m supercomputer centre, in partnership with IBM, located in Daresbury, Cheshire. The Cheshire supercomputer centre forms part of the Hartree Centre’s £210m Hartree National Centre for Digital Innovation. “Providing access to technologies, such as AI and quantum computing, enables businesses to increase productivity and achieve success, to the ... Read more ›
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Ocean 14 Capital, the London-based investment group targeting startups in the “blue economy”, has added €30m (£26.6m) to its impact fund. The new investment follows a funding boost of £8.6m from the Constitutional Reserve Fund of Monaco. The investor created the €150m fund to grow its portfolio to 20-25 companies within three years. The fund ... Read more ›
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The travel industry is ripe for transformation and startups are in a prime position to improve accessibility in the sector, according to the US-based online travel tech unicorn Expedia Group. “The travel industry really does have outdated technology and the complexity that exists throughout it has really stifled innovation and made it really difficult for ... Read more ›
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Venture capital firm Antler has invested £120,000 into seven pre-seed technology startups based in the UK. Shared exclusively with UKTN, the funding from Antler into the startups comes off the back of its sixth London residency that saw 55 founders take part. Jed Rose, partner, Antler, said: “The founders that we work with in the ... Read more ›
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London-headquartered and listed IT business Noventiq has said it is exploring a dual listing on the US Nasdaq due to “very limited trading volume” in the UK. The board of the company added that its current London listing price “is not a fair reflection of the value of the Noventiq Group”. Noventiq made its Nasdaq ... Read more ›
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Feedr, the London-based app for workplace food ordering, has been acquired by Berlin-headquartered competitor EatFirst for an undisclosed sum. Founded in 2016, Feedr has raised £2.2m through a combination of crowdfunding and venture capital investment. The app was designed for offices to order lunch directly to work from local food vendors. Feedr was acquired by ... Read more ›
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Private equity firm Maven Capital Partners has expanded its presence in the North West of England with four new offices. Maven will share Ludlow Wealth Management’s office space in Burnley, Preston, Southport and Liverpool. Maven will keep its North West HQ in Manchester. Ryan Bevington, partner at Maven, said: “Maven already had an unrivalled regional ... Read more ›
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William Sachiti is the founder and CEO of the Academy of Robotics, a technology institute developing AI technologies including a fully-autonomous delivery vehicle. The Norfolk-based company’s other projects include an AI system to help commercial drones navigate the skies and autonomous atmospheric satellites. It has also trialled a penguin-shaped robot assistant in hospitals through a ... Read more ›
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The UK has more women working in R&D than anywhere else in the world, despite the ratio of men to women in the field remaining largely unchanged over the past decade. Analysis from Catax, a company that specialises in innovation funding, found that the UK has 213,856 women in the R&D sector, out of a ... Read more ›
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The UK needs to support its semiconductor industry without entering into a “subsidy arms race”, according to a new report from the Centre for Policy Studies (CPS). The ‘Cashing in our Chips’ report, which looks at how the UK can protect the domestic supply of semiconductors ahead of the government strategy, advised a series of ... Read more ›
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The freshly formed Department for Science, Innovation and Technology (DSIT) has awarded its first funding to the Rosalind Franklin Institute, a medical research centre in Oxfordshire. DSIT was created in a government restructuring earlier this week by Prime Minister Rishi Sunak, breaking up the Department for Digital, Culture, Media and Sport (DCMS). Former DCMS head Michelle ... Read more ›
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Crypto firm Coincover, self-styled as the “safety standard for cryptocurrency”, has secured $30m (£24.8m) in funding. The Cardiff-based company offers cryptocurrency-related software that provides an automated backup of your crypto’s private keys and flags potential breaches of users’ crypto wallets. “At Coincover, we’re proud to prevent users from losing access to their cryptocurrency, whether that ... Read more ›
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Deliveroo is cutting 350 jobs as the tech downturn continues to force the food delivery company to scale back its operations. The cuts were announced today by Deliveroo chief Will Shu, who cited over-hiring and the cost of living crisis as the reasons for making the layoffs. The cuts amount to almost one in ten ... Read more ›
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Kennek, a London-based fintech that develops “operating systems” for credit providers, has raised $4.5m (£3.7m) in a pre-seed funding round. Kennek was founded in 2021 with the goal of solving the problems of operational scalability for lenders and investors and a lack of efficiency in the funding of credits. Co-founders Thibault Lancksweert, Edmund Parsons, and ... Read more ›
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The Bank of London has scooped $40m (£32.9m) in a Series C extension round, at a valuation of $1.1bn (£905.7m) which means it maintains its unicorn status. The Bank of London is a clearing bank, which means it clears transactions between other banks. Its new funding follows its $90m Series C round that took place ... Read more ›
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London-listed crypto mining company Argo Blockchain has announced its founder and CEO, Peter Wall, will step down from his position. Wall served as both the CEO and interim chairman of Argo Blockchain but is leaving the company to “pursue other opportunities”. Chief operating officer Seif El-Bakly will assume the role of interim CEO. Matthew Shaw, ... Read more ›
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29.06.2026 05:37
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