Doctify, the medical care review platform, has received a $10m (£8.1m) funding boost to continue its international growth and expand its team. London-based Doctify was founded by two trainee surgeons after they encountered a concerning lack of reliable and transparent online reviews for medical professionals. The founders drew inspiration from TripAdvisor and Glassdoor, which have ... Read more ›
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The UK tech industry continues to thrive amid difficult economic headwinds – and not least in the North East. Tech on the Tyne, a UKTN report, explores the tech innovation taking place in Newcastle and the surrounding region. Through a combination of editorial research, engagement with local stakeholders and an independent survey, the report looks ... Read more ›
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Scottish digital pharmacy startup Phlo has raised £10m in a Series A funding round, shared exclusively with UKTN. The new funding will support the company’s expansion across the UK. Founded in Glasgow in 2019, Phlo provides same-day medication deliveries that patients can track on a smartphone app. The company offers one-off and repeat prescription deliveries ... Read more ›
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As the scientific community looks to reduce reliance on plastic, Kelpi, a sustainable material startup from Bath, has secured £3m in seed funding to advance the development of its bioplastic for packaging. Founded in 2020, Kelpi is manufacturing seaweed-based coatings for paper and card packaging, in an effort to remove plastic from supermarket products. The ... Read more ›
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Challenger bank Zopa has landed £75m in capital from existing investors and predicts it will reach full-year profitability this year as it eyes a London IPO once public markets have settled. IAG Silverstripe led the £75m round, with further investment coming from Augmentum Fintech and Davidson Kempner Capital Management LP. No contribution was made by ... Read more ›
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Manchester-based Re:course AI, a startup that has created a virtual training platform for healthcare staff, has raised $4.3m (£3.5m) in seed capital. Founded by Dr Scott Martin, CEO, and Dr Maksim Belousov, CTO, Re:course AI’s software uses digital avatars to simulate training tasks in a healthcare setting. On-screen digital avatars are equipped with natural language ... Read more ›
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The UK tech community has reacted with an outpouring of shock and sadness upon learning that Tech Nation, the entrepreneur network that has supported thousands of British startups over more than a decade, will shut down operations after losing its core government funding. Since it was launched by then-Prime Minister David Cameron in 2010, Tech ... Read more ›
2
Data startup Instill AI has scooped $3.6m (£2.9m) in seed funding, counting a Google DeepMind director and ex-Microsoft M&A advisor among its angel investors. London-based Instill AI has created tools to analyse images, videos, audio or text – unstructured data – and convert it into a uniform format to feed into AI applications. Instill AI ... Read more ›
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Tribepad, a Sheffield-based talent acquisition platform used by the likes of Tesco and the BBC, has received a £12m investment from UK and Ireland investor BGF. Founded in 2008, Tribepad’s software provides recruiters with tools for advertising, video interviewing, employee onboarding, data analysis, equality, diversity and inclusion features. Subway and NHS Professionals are among the ... Read more ›
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Despite the thousands of tech layoffs that have cast a dour outlook on recruitment in the industry, UK fintech company Revolut is looking to boost its team by almost 1,700 staff. January 2023 has seen tech firms in the UK and beyond announce severe cuts to staff, with international giants like Meta, Amazon, and Google ... Read more ›
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The government will today set out plans for “robust” regulation of the cryptoasset industry, which has been the subject of repeated scandals, crashes, and uncertainty over the last year. The Treasury said the proposal will ensure customers have their assets returned in the event of a crypto business collapsing. It comes in the wake of ... Read more ›
1
Shares in the London-listed cybersecurity firm Darktrace have crashed to a record low after accusations of major errors in the company accounts. In a report from US asset manager Quintessential Capital Management (QCM), published yesterday, Darktrace was said to have inflated its value through questionable accounting prior to its IPO in April 2021. Yesterday, Darktrace ... Read more ›
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An automated shuttle service is coming to Northern Ireland after the Belfast Harbour-led project received £11m in funding. The Harlander project will see a fully driverless transport system from the Titanic Quarter railway station to the Catalyst Science Park on Queen’s Island. The service will be accessible to residents, visitors, and employees of the various ... Read more ›
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Greenspark has received £1m in seed funding for its platform that encourages businesses to take climate-friendly actions, such as planting trees or offsetting carbon emissions when a customer makes a purchase. The company will use the funding boost to launch its Climate API, which it says can “integrate impact into any business use case”. Its ... Read more ›
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Frasers Group is preparing to launch its own buy now pay later (BNPL) service for customers of the various retail brands owned by the company. BNPL is a form of payment that allows customers to split the cost of purchases into smaller chunks paid over several months. While the market has been dominated by BNPL-focused ... Read more ›
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Tech Nation will “cease operations” from 31 March after losing out on £12m in government funding to Barclays, bringing an end to a decade of support for the UK’s technology startups. Tech Nation, which was first launched in 2011 and created in its current form in 2018 by the merger of Tech City UK and ... Read more ›
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Embedded finance startup Liberis has received €30m (£26.3m) in debt financing from the UK wing of Silicon Valley Bank. Founded in 2007, the startup builds embedded finance platforms for SMEs to incorporate financial services into their customers’ products. The company’s tech has been used by fintechs such as Klarna, Tide, and Worldpay. The fintech has ... Read more ›
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A group of 120 venture capital firms from across Europe have formed a new initiative, called ImpactVC, to champion environmental and social impact. The UK-based VCs that signed up to the group are Balderton, Northzone, ADA Ventures, BGF, Atomico, Ascension, Hambro Perks, Zinc, Octopus Ventures, Eka Ventures and Backed. The combined ImpactVC cohort has £12bn ... Read more ›
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Challenger bank Monzo has reported annualised revenue of £440m up to December 2022, up from the £154.2m in its previous financial statement published in February last year. The 185% revenue increase was shared in an update with investors, which stated the London-based fintech has been “cash flow positive” since October 2022. The figures were first ... Read more ›
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Entocycle, a company using data and tracking hardware to support the insect farming industry, has closed a $5m (£4m) Series A funding round. Rearing insects for protein is less harmful to the environment than other forms of protein, such as livestock cattle. Entocycle is a self-described “insect tech” startup that has developed a product to ... Read more ›
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15.06.2026 08:41
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