University of Leeds spinout Slingshot Simulations has secured a £3m Series A boost for its ‘simulation as a service’ product. Founded out of the northern university in 2019, Slingshot Simulations describes itself as democratising simulation technology. The company facilitates simulation development for SMEs through its Compass Engine. Its main product, Compass Engine, is a no-code ... Read more ›
2
Business Secretary Grant Shapps has been asked to improve lending for SMEs in an open letter signed by the FSB (Federation of Small Businesses) and UK fintechs such as Atom Bank and Funding Circle UK. The letter, seen by UKTN, urges the government to pass the Data Protection and Digital Information Bill and for it ... Read more ›
8
Wahed, a startup founded to provide ethical financial services that are in keeping with the Islamic faith, has opened a physical branch in a rare move for a fintech company. Wahed’s first physical location will be located in London’s Baker Street, with the goal of expanding the reach of its financial services. The move goes ... Read more ›
2
The technology sector is routinely cited by leading members of the government as one of the UK’s economic bright spots. Recently, Chancellor Jeremy Hunt pledged to make the UK the “world’s next Silicon Valley”, while the prime minister vowed the UK must become “the most innovative economy in the world”. Tech is already a key ... Read more ›
12
Global Screening Services, a regtech startup that provides a platform to screen financial institutions’ transaction data, has secured £37m in funding. Its cloud-based platform uses artificial intelligence to assess transaction data uploaded by financial firms, matching it against public and private sanctions lists. Investment into the London-based regtech company came from AlixPartners, The Cynosure Group, ... Read more ›
0
A new £242m investment fund targeting cleaner alternatives to meat proteins is set to launch tomorrow as the food tech industry continues its decarbonisation mission. The Smart Protein Fund from London-based Milltrust Ventures and Ireland’s Earth First food Ventures will put funds towards scaling various food tech startups in areas such as lab-grown meat, plant-based, ... Read more ›
0
Dynex Semiconductor, a Lincoln-based microchip company owned by a Chinese corporation, has received £3m in UK government support over the past decade. As revealed by The Telegraph, the British chip firm is ultimately owned by Beijing-headquartered company CRRC Corporation. CRRC is majority owned by the Assets Supervision and Administration Commission, which itself is controlled by the ... Read more ›
2
London-headquartered venture capital (VC) firm Highland Europe has launched a €1bn (£879m) fund to invest in grow-stage software and consumer internet businesses across Europe. It is Highland Europe’s fifth fund, bringing its total capital raised to €2.75bn (£2.42bn). Fergal Mullen, partner, Highland Europe, said: “We want to thank all of those European founders who chose ... Read more ›
3
With the global tech downturn continuing to wreak havoc on companies large and small, investors have been re-evaluating how they approach tech financing. Funding for UK tech startups fell 22% in 2022 thanks to a significant downturn in the second half of the year. Smaller funding rounds and lower valuations have become commonplace compared to ... Read more ›
2
Scaleup Finance, a Danish-founded fintech, has raised the nation’s largest-ever seed funding round, securing $8m (£6.4m) to bring its “digital CFO” platform to the UK. The funding round, shared exclusively with UKTN, will support Scaleup Finance’s expansion in the UK market, where it will provide its subscription-based platform that automates company finance management. Scaleup Finance’s ... Read more ›
2
UK startups could lose an average of £100,000 due to the government’s proposed changes to the R&D tax credit scheme, new research has found. A study from the Coalition for a Digital Economy (Coadec) found that startups will likely lose between 30% and 40% of savings from the tax credit scheme after the changes, which ... Read more ›
2
Barclays Eagle Labs has officially been awarded a £12.09m government grant to support UK tech startups in a significant but widely expected blow to Tech Nation. The Digital Growth Grant was established to deliver support services to the UK’s digital tech sector, grow regional support networks and help entrepreneurs scale their businesses. The funding, which ... Read more ›
0
This week electric vehicle battery startup Britishvolt filed for administration after failing to find additional investment or new buyers. It comes just three years after it was founded, full of promise to become a key domestic supplier of electric vehicle batteries while creating 3,000 jobs. It also became a flagship for Boris Johnson’s levelling up ... Read more ›
0
Business software provider Sage has boosted its recurring revenue to £517m in the last quarter of 2022. The 12% surge in revenue means the Newcastle-based software firm is on track to meet its revenue growth forecast for 2023. Two areas in particular that helped Sage grow its revenue are cloud sales, which rose by 31%, ... Read more ›
11
Business secretary Grant Shapps has said he plans to make the UK country a better place for startups to scale up and that the UK can “learn from the mistakes” of Silicon Valley. Speaking in Davos, Switzerland, at the World Economic Forum, Shapps outlined his vision to launch a “Scale-up Summit” for those within the ... Read more ›
14
UK-based fintech HyperJar has appointed the former head of Morgan Stanley International as its new CEO. Rob Rooney, who has served in numerous roles over his 30 years at the major US investment management firm, will be running HyperJar as it looks to scale its business. “The closer I get to the team and the ... Read more ›
3
Oli Cook is the CEO and co-founder of Ekko, a climate-focused fintech startup that plants trees and prevents bottles from entering the ocean when customers use its debit card. Ekko was co-founded in 2019 by Cook with Manish Vara, Simon Toller and Tom Greenwood. It raised £450,000 in pre-seed funding in 2021. The startup says ... Read more ›
2
Alex Chesterman, the founder of used car marketplace Cazoo, has stepped down as CEO. The announcement came as part of Cazoo’s latest financial results, which showed the British-founded but US-listed company brought in UK revenue of £1.25bn in 2022. Chesterman, who founded Cazoo in 2018, will be replaced by COO Paul Whitehead in April. Chesterman ... Read more ›
2
In 2022, the era of cheap capital was brought to a halt by soaring inflation and rising interest rates. It has created a very different environment for tech startups compared to the dizzying heights of 2021. But what does 2023 have in store for the UK’s tech sector? To find out, UKTN spoke to those ... Read more ›
14
Six major employers have signed a commitment to support retired veterans of the British armed forces to find work in the tech sector as the digital skills gap continues to make hiring a challenge. The 15,000 Futures initiative will see major firms fill positions in the UK that require digital and tech skills with veteran ... Read more ›
2
Most popular sources
Droid Life
|
0% |
Startup News
|
0% |
VentureBeat
|
0% |
ScienceDaily
|
0% |
BetaKit
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
15.06.2026 11:34
Last update: 11:26 EDT.
News rating updated: 18:21.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.