This year has taken its toll on consumers and businesses alike, with both struggling amidst the financial pressures of the cost-of-living crisis. As inflation has topped 11%, wage inflation is making the challenge of attracting and retaining staff that much harder for employers. Regular pay rose by 5.7% in the year to September 2022 – ... Read more ›
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Verna has landed £860,000 in its pre-seed funding round for its software that finds and analyses potential locations to plant trees. Verna’s software takes factors such as regulation and markets into consideration to help planters with decisions, like when to sell a piece of land. The London-based company’s first equity investment round was led by ... Read more ›
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Chattermill, a platform to analyse customer feedback at scale, is looking to double its growth after receiving a $26m (£21.1m) Series B investment. The startup was founded in 2015 with the goal of incorporating AI into the work of customer experience (CX) teams. The Chattermill platform analyses all digitally available interactions between a company and ... Read more ›
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Scottish electric vehicle maker Munro Vehicles has launched its first vehicle, the MK_1, which will enter production next year. Munro will initially hand-build 50 MK_1 vehicles, before ramping up production in 2024 at its factory in central Scotland. Production at the site is predicted to generate around 300 jobs and 250 vehicles per year. At ... Read more ›
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The UK government is launching a research project to look at ways to boost the UK’s semiconductor industry, which could lead to the creation of a national microchip institution. The feasibility study, which has been commissioned by the Department for Digital, Culture, Media, and Sport (DCMS), comes amid growing criticism that the UK is lacking ... Read more ›
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Employees could be given the right to request flexible working from the first day of a job under rule changes supported by the government. The government has committed to scrapping the 26-week period that employees must currently wait before requesting flexible working, which includes job-sharing, flexitime and remote working. It also includes working compressed, annualised, ... Read more ›
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London-based health tech startup Zoe Health, known for its large-scale nutrition and medical testing app, has extended its Series B funding round with an additional £25m. Zoe Health’s latest investment round has brought the total amount raised by the company to $83.7m (£68.3m). Founded in 2017, Zoe provides home testing kits for customers to gain ... Read more ›
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Google has opened a UK research and development centre to develop tech to support people with disabilities. The tech giant has joined forces with the Royal National Institute of Blind People, the Royal National Institute for Deaf People, and the charity Everyone Can, to develop the centre in London. The centre marks the first research ... Read more ›
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Paris-headquartered venture capital firm Partech has secured €120m (£103.1m) for its fourth seed fund. The oversubscribed Partech Entrepreneur IV fund received backing from 100 entrepreneur angels, family offices, multinational corporations and financial institutions. A spokesperson for Partech told UKTN that the UK is “definitely part of our European strategy”. Romain Lavault, general partner, Partech, said: “We ... Read more ›
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A Toyota-led consortium has been awarded £11.3m in funding from the Department for Business, Energy & Industrial Strategy to develop a hydrogen variant of its Hilux pickup truck. The hydrogen Hilux will be developed at Toyota’s Derbyshire vehicle plant and use parts from Toyota’s existing hydrogen car the Mirai. Richard Kenworthy, managing director at Toyota ... Read more ›
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Exeter-based Intelligent AI has raised £2m in seed funding for its AI-based property insurance underwriting software. Intelligent AI has created a risk underwriting platform for property insurance providers to write the terms and conditions of their policies. The platform creates a digital twin of a physical property to map out potential risks. It uses AI ... Read more ›
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Michael Mangion is the founder and CEO of Trilvee, an on-demand electric vehicle (EV) service that’s aiming to cut down city congestion with teleoperated vehicles. Founded in 2021, Trilvee is developing technology for customers to hail an EV that is remotely driven to their location and is the right size for the journey. In the ... Read more ›
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London’s Olympic Park has opened an innovation hub to develop technology that increases accessibility for disabled people. The Global Disability Innovation Hub’s lab will research technology such as AI-powered navigation aids for visually impaired people and mobile communication to strengthen disabled communities. The hub, which sits in Olympic Park along with tech campus Here East ... Read more ›
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It has been a tumultuous year for HR and recruitment in the tech sector. Early this year, the UK tech sector was growing at 2.5 times the rate of the UK economy, creating opportunities left and right that offered increased wages, alternative company culture and innovative job perks to drive tech employees to job hop. ... Read more ›
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The co-founder of investment firm White Horse Capital has launched VenturePath, a membership community for UK tech entrepreneurs that provides networking opportunities, expert advice and capital. VenturePath has launched with more than 100 founder members from the likes of Gophr, Fifty Technology, Optalitix, Edozo and Forestreet. It counts 15 prominent UK tech VCs, including Octopus ... Read more ›
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Proptech company AltoVita, used by the likes of Google for corporate housing relocation, has raised $9.5m (£7.6m) in a Series A funding round. Founded in 2018 by Vivi Cahyadi Himmel and Karolina Saviova, AltoVita’s online platform aims to simplify relocation for employees at startups up to large corporates. It operates in 1,553 cities in 165 ... Read more ›
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The intellectual property of the collapsed AI fashion brand Thread has been acquired by M&S for an unknown fee. The retailer will incorporate Thread’s proprietary tech, which uses algorithms to give customers bespoke clothing recommendations based on tastes, budget and body type, into its online clothing service. Along with Thread’s IP, M&S will bring on ... Read more ›
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VCs and startups are grappling with tough conditions to raise capital and find exit opportunities, a report has found. Nearly three-quarters of fund managers surveyed by the British Business Bank said exit conditions have deteriorated over the last year amid rising interest rates, soaring inflation and a looming recession. While 64% of UK fund managers ... Read more ›
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Plant-based nutrition company Huel has secured $24m (£19.8m) in funding at a valuation of $560m (£461.3m), with Idris and Sabrina Elba among the backers. The round was led by Highland Europe with contributions from broadcaster Jonathan Ross and TALA CEO Grace Beverley. Idris Elba, said: “I’ve been a Hueligan for several years now, starting my ... Read more ›
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Bumper, a buy now pay later (BNPL) startup for vehicle repairs, has raised £26.1m in a Series A extension round that included the investment arm of Jaguar Land Rover. Bumper says it is bringing the BNPL model to the automotive industry by spreading out instalments for vehicle repairs and other related services. It lets customers ... Read more ›
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15.06.2026 18:54
Last update: 18:40 EDT.
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