Steven Bartlett has launched his $100m (£81m) “Flight Story Fund” to invest in space, commerce, biotech, technology, blockchain and health startups. It will invest between $1m (£810,000) -$10m (£8.1m) in high-growth businesses with potential of reaching a $1bn unicorn valuation. Bartlett, known for his appearance on the BBC’s Dragons Den and podcast “The Diary of ... Read more ›
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Cost-cutting at Deliveroo has taken the food delivery firm a step closer to profitability, despite an overall drop in orders. In its latest quarterly report, Deliveroo revealed that it had broken even in the second half of the year, after a series of cost reduction measures in 2022. While global orders dropped by around 2%, ... Read more ›
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German life science firm Bayer has acquired artificial intelligence company Blackford Analysis for an unspecified sum. Blackford Analysis provides tools for those working in healthcare to use medical imaging AI applications. Ben Panter, founder and CEO, Blackford Analysis, said: “Blackford exists to improve the lives of patients and populations by unlocking the adoption and benefits ... Read more ›
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CareLineLive, a digital management system for home care, has raised £3m as the West Sussex-based company continues its expansion into Ireland and Australia. Founded in 2014 out of frustration with the limited information provided during home care, CareLineLive has created a digital platform to manage all aspects of providing medical care at home. The company ... Read more ›
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US technology giant Microsoft is set to cut thousands of jobs as major tech firms worldwide continue to scale back staff headcount. First reported by Sky News, the US tech giant could cut around 5% of staff worldwide. The company employs over 220,000 people, 6,000 of whom are based in the UK. If true, this ... Read more ›
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UK venture capital (VC) investment dropped by 30% in 2022, with London continuing to attract the lion’s share of funding. According to a report from professional services firm KPMG, UK businesses secured £22.7bn in VC funding last year. In the first half of 2022, the UK attracted £14.7bn of VC investment before taking a dive to ... Read more ›
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A £130m regional investment fund targeting companies in Wales from the British Business Bank is set to launch early in Autumn 2023. Louis Taylor, CEO of British Business Bank, confirmed the launch date of the Wales investment fund, which was first announced in the 2021 Autumn statement by then-chancellor Rishi Sunak. “We are delighted there ... Read more ›
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The Business Committee has launched an inquiry into the UK’s electric vehicle (EV) battery production capabilities in the wake of Britishvolt filing for administration yesterday. The inquiry will look at the supply of batteries for UK-produced electric vehicles and the feasibility of producing a sufficient supply of batteries in the UK. “The future of car ... Read more ›
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Cera Care Limited, a digital health startup in London, has unveiled an ambitious new recruitment programme, with the goal of creating 10,000 jobs for frontline staff over 2023. Cera is a digital platform that provides healthcare services to patients at home, including digital prescription ordering and booking at-home appointments from Cera nurses. Looking to address ... Read more ›
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British fintech company Wise has upgraded its revenue growth projection for the coming financial year after a boost from the UK interest rate hike. Wise has increased its forecast for revenue growth from 55%-60% to 68%-72% in its recently revealed full-year results. The London-based fintech cited the historic rise of the interest rate as a ... Read more ›
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Kuai Commerce, a startup looking to enable Western ecommerce brands to sell their goods in China, has closed a pre-seed funding round of $2.4m (£1.9m). For many ecommerce brands in the UK, the lucrative move of expanding their services to China comes with complex hurdles due to cultural and regulatory differences. This was the inspiration ... Read more ›
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Britain has plenty of well-known and established tech hubs. London and Cambridge have world-class reputations for finance, artificial intelligence and cybersecurity. But there are many other vibrant tech hubs across the UK, and one that should be on every job hunter’s radar in 2023 is Newcastle. Newcastle upon Tyne, located in the North East of ... Read more ›
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The Chinese buyout of Cambridge-based semiconductor startup Flusso “doesn’t pass the smell test”, the chair of the Foreign Affairs Committee has said, while questioning why the takeover was cleared by former Business Secretary Kwasi Kwarteng. Speaking to UKTN, Conservative MP Alicia Kearns said she was concerned that the £28m deal will see semiconductor technology developed ... Read more ›
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Battery startup Britishvolt has appointed administrators to handle its insolvency after it failed to find a buyer or secure additional funding. The insolvency is a big blow to the UK’s electric vehicle battery manufacturing industry and brings an end to months of uncertainty over the startup’s future. The majority of Britishvolt staff – around 300 ... Read more ›
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An amendment to the Online Safety Bill will see tech executives face up to two years in jail if the social media platforms they run repeatedly fail to protect children from harm. Prime Minister Rishi Sunak bowed to pressure from a group of 50 Conservative MPs to make media bosses criminally liable for repeated breaches ... Read more ›
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Anti-money laundering software company Thirdfort has revamped its c-suite team with the appointment of a new chief financial officer, chief revenue officer and combined chief technology and product officer. Shared first with UKTN, Thirdfort has hired Anna Keren as CPTO, Neil Mullane as CRO and Pete Donell as CFO. “I’m looking forward to helping drive ... Read more ›
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Bath-based biotech spinout EnsiliTech has raised £1.2m in pre-seed funding for its “fridgeless” technology that keeps vaccines at the right temperature during transportation. Vaccines typically have to be kept refrigerated. However, EnsiliTech’s “ensilication” technology uses silica to form protection around the active ingredients of a vaccine, which can be broken when needed. This protective layer ... Read more ›
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Science lead generation software firm SciLeads is doubling its headcount to 100 over the next two years as part of an expansion into the Asian markets. The Belfast-based company also plans to launch new products. It gives marketing and sales teams access to scientific researchers, detailing their funding status and research interests. Daniel McRitchie, CEO ... Read more ›
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Arctic Shores, a provider of skills assessment tests to recruiting firms, has secured a Series B investment of £5.75m as it looks to accelerate the development of its “psychometric” product. Founded in Manchester in 2014, Arctic Shores was born out of the idea that modern recruitment methods are unable to accurately filter candidates with appropriate ... Read more ›
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Glasgow-headquartered Gigged.AI has bagged £1.6m in seed funding, led by Par Equity, for its artificial intelligence-powered recruitment software. Its software matches people equipped with relevant technology skills to suitable hiring companies. It also provides an overview of a business’s current talent capabilities to prevent unnecessary hires where possible. “The ‘Great Resignation’ has seen millions of ... Read more ›
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15.06.2026 11:34
Last update: 11:26 EDT.
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