The UK’s competition regulator has launched a merger inquiry into Broadcom’s $61bn (£49.5bn) acquisition of VMware. The Competition and Markets Authority (CMA) is launching the probe to assess if the merger between the two US companies will reduce competition in Britain. It comes after the CMA asked stakeholders to comment as part of the preliminary ... Read more ›
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Middlesbrough-based Teesside University is set to launch a London base in the tech campus Here East, becoming the latest organisation to locate in the thriving tech startup community. Located at the Queen Elizabeth Olympic Park, Here East was initially established for the London 2012 Olympic games, but has since become a hub of universities, tech ... Read more ›
16
Electric car subscription platform Onto has secured £100m of credit funding from the investment group CDPQ and asset manager Pollen Street. The £100m credit will be used by Onto to purchase more electric cars, which it leases out to customers with a monthly fee that includes insurance, breakdown cover and public charging. “This is a ... Read more ›
2
Emperia, a London-base ‘metaverse startup that develops virtual stores for fashion brands, has raised $10m (£8m) in a Series A funding round. Founded in 2019, Emperia creates virtual storefronts to simulate physical shopping experiences when purchasing art and fashion products. It has worked with brands including Lacoste, Dior Beauty and Sunglass Hut. In November last ... Read more ›
2
A non-binding offer for bust battery startup Britishvolt has been made by Australian startup Recharge Industries in a move that could get plans for a £3.8bn Northumberland gigafactory back on track. Recharge Industries, founded last year, plans to build a lithium-ion battery cell production facility in Victoria, Australia in addition to one in the US. ... Read more ›
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More than half of UK tech workers are preparing for layoffs as the global industry downturn creates doubts over job security, research has found. A survey of 2,000 UK-based tech workers conducted by CWJobs found that 53% were pre-emptively applying for new jobs over fears of redundancies at their companies. The highest area of risk ... Read more ›
14
London-based fintech Tranch has landed $100m (£81m) in funding to bring its business-focused buy now pay later (BNPL) platform to the US. Tranch grew to prominence as a UK fintech last year, when the company was brought on to the distinguished accelerator programme Y Combinator on its Summer 2022 cohort. Since then, the company has ... Read more ›
2
Leaders in the UK tech community have once again called out the government on its failure to implement a semiconductor strategy, writing to Prime Minister Rishi Sunak to publish the long-awaited roadmap as a “matter of urgency”. The open letter was signed by tech leaders from the likes of techUK, Tech London Advocates, Birmingham Tech ... Read more ›
0
Virtual reality (VR) training startup Gemba has raised $18m (£14.6m) in a Series A funding round led by Parkway Venture Capital to expand into the US market. Gemba’s VR platform is used by companies including Coca-Cola and Nike to train distributed workforces. Its learning programs include simulated factory walks and live training that avoids the ... Read more ›
0
Food tech startup Peckwater Brands has added another company into its umbrella, with the acquisition of food delivery firm Eatclever for an undisclosed sum. Peckwater creates virtual food brands, including menus, that it licenses to restaurants and businesses with the capacity to prepare additional meals for delivery. Its virtual brands are available on delivery aggregators ... Read more ›
9
Money management app Plum is launching in five new countries: Italy, Portugal, the Netherlands, Greece and Cyprus. Plum is a subscription financial management app that offers investments, stocks, pensions and a physical spending card. Features include automated saving and investing. The five new countries add to its existing presence in the UK, France, Spain, Ireland ... Read more ›
6
Climate tech startup Unwasted has received £1.5m in seed funding from Elbow Beach Capital, ahead of an anticipated £72m Series A. It has developed a process that alters the fibres inside waste cardboard to produce a panel board that can be used across construction, flooring and furniture. Unwasted says its panel board does not require ... Read more ›
0
Scottish medtech startup Waire Health, which is developing remote ward monitoring equipment for home care, has raised £2m. Based in Edinburgh, Waire Health is looking to scale its sensor technology, which is designed to monitor the condition of at-home patients. At a time when NHS staff are spread thin and resources are limited, companies like ... Read more ›
2
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 ›
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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 ›
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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 ›
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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 ›
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29.06.2026 08:44
Last update: 08:35 EDT.
News rating updated: 15:32.
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