London-based artificial intelligence fashion startup Vestico has bagged a £250,000 investment from venture capital firm Jenson Funding Partners. Shoppers can use Vestico to visualise fashion and beauty products on images of people physically similar to them. Vestico’s AI recommends products to its users based on factors such as their height, weight and skin type. “We’ve ... Read more ›
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SigmaOS, a UK-founded web browser startup aiming to create a more productive and organised internet experience for mac users, has raised $4m (£3.4m). Founded in 2021, SigmaOS was created with the idea that the majority of popular web browsers, including Chrome and Safari, were developed at a time when the needs of users were different ... Read more ›
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US food automation company Miso Robotics has entered the UK market with its automated fryer robot, “Flippy 2”, which has been taken on by a restaurant in the Midlands. Using computer vision, a subset of artificial intelligence, Flippy can detect and cook over 45 items of food, according to the company. Mike Bell, CEO at ... Read more ›
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The government has awarded over £5m to companies developing tech aimed at decarbonising and improving train travel, from self-charging trains to automatic flood detection on rail tracks. Each of the 24 winners of the First of a Kind 2022 competition will receive up to £400,000 in grant funding from the Department for Transport competition in ... Read more ›
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Founders Forum Group has taken a “significant” minority stake in creative agency The Clerkenwell Brothers for an undisclosed sum, rebranding it to Founders Makers. Founders Makers will remain a separate entity, joining Founders Forum Group’s innovation strategy consultancy, executive search firm and tech law firm. Nick Horowitz, co-founder, The Clerkenwell Brothers, said: “We’ve built a ... Read more ›
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Digital payments startup Banked has raised an additional $15m (£12.6m) as part of an extension to its Series A, first announced in February. Banked, which lets consumers pay using their bank without entering their account details at checkout, raised $20m (£16.8m) earlier this year in a round led by Bank of America. The fintech has ... Read more ›
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Spaceport Cornwall has been granted the UK’s first spaceport licence, paving the way for the facility to conduct horizontal space launches. The facility, based in Cornwall Airport Newquay, demonstrated adherence to safety, security, and environmental guidelines, along with the infrastructure requirements needed to function as a spaceport. Melissa Thorpe, head of Spaceport Cornwall, said: “Cornwall ... Read more ›
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British food delivery app Deliveroo has exited the Australian market, citing “challenging economic conditions” and the “considerable” investment required to make the subsidiary profitable. Deliveroo suspended all orders in Australia today and entered voluntary administration. Advisory and investment firm KordaMentha will oversee the process. In a statement, Deliveroo said: “This has been a difficult decision ... Read more ›
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On his first day as chancellor, Jeremy Hunt said he would have to make decisions of “eye-watering difficulty” to fix the gaping hole in the UK’s public finances. Since then, the government has priced up the job: £50bn. Where to find the cash? With nothing off the table, early-stage investors and the high-growth companies they ... Read more ›
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Cambridge GaN Devices (CGD), a semiconductor company that spun out of the University of Cambridge’s engineering department, has raised $19m (£15.9m) in a Series B funding round. Founded in 2016, CGD is a fabless semiconductor company that designs transistors, which the company claims can make electronics greener by improving energy conversion efficiency. “As we move ... Read more ›
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Cambridge-based cleantech startup Levidian has installed the first of its greenhouse gas-reducing LOOP devices in the UK, in partnership with Eco Group. The devices, which will be deployed in the south of Scotland, breaks methane into hydrogen and carbon atoms, with the carbon then used to create wonder material graphene. The process takes place without ... Read more ›
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More than 140 UK tech founders and executives have signed an open letter to the government raising concerns over the “alarming” reports that entrepreneur network Tech Nation is set to lose its public funding to Barclays. The letter, organised by tech advocacy group Coadec, called for government-backed support to be “grounded in the startup ecosystem” ... Read more ›
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Manchester-based customer payments app Boodil has raised £525,000 in fresh funding as alternative payment methods continue to grow in popularity. Founded in 2022, Boodil has thrown its hat into the ring of the checkout payment method market with a platform that aims to be a streamlined and secure way for businesses to facilitate customer payments. ... Read more ›
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Digital payments startup WeGift has secured £26m in funding, a sizeable round for British fintech startups amid slowing later-stage investment. WeGift has built a platform for brands to provide customers with digital rewards and incentives. Working with companies like Nike, Aldi, and Airbnb, WeGift said the pay-out for its digital gift cards is instant and ... Read more ›
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Remote health platform Aide Health has secured $1.2m (£1m) in pre-seed capital, in a round led by Hambro Perks’ EIS fund. Medical professionals can use Aide Health’s platform to remotely monitor patients with chronic diseases such as type-2 diabetes, heart disease, asthma, and IBD. Patients monitored through the app can also receive medical advice. The ... Read more ›
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Four and a half years since open banking regulations came into effect, one of the biggest causes of customer friction has been addressed by the Financial Conduct Authority – scrapping the 90-day data sharing rule. Data sharing between authorised third-party providers (TPPs) – often fintech companies – and banks promised to give customers better choice ... Read more ›
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London-based mobile video game studio Landmark has raised $4.6m (£3.9m) in a seed funding round following a number of projects from the company’s founders elsewhere. Founded in 2021, the management of Landmark has previously developed games based on popular IP, including Rick and Morty: Pocket Mortys. Landmark has said its focus will be on developing ... Read more ›
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Data application building platform Quix has received £11m in a Series A funding round led by MMC Ventures. Its cloud platform is used by developers to build event-driven or real-time applications and does not require them to supply their own data infrastructure. Quix has a modular architecture that allows users to choose their own choice ... Read more ›
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Climate tech startup BeZero Carbon has netted $50m (£42.4m) in a Series B investment for its voluntary carbon market scoring platform. Voluntary carbon markets allow businesses or individuals to buy carbon credits to offset their emissions. “Starting with carbon, effective ecosystem markets have huge potential to accelerate the Net Zero transition and generate economic prosperity,” ... Read more ›
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Masayoshi Son, CEO of SoftBank, has announced he will step back from the day-to-day management of the Japanese group to focus on growing its UK chip manufacturing subsidiary Arm. Son spoke at the company’s financial results, in which he stated he wanted to devote himself to the chipmaker, following posted losses of $10bn. “For the ... Read more ›
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29.06.2026 21:36
Last update: 21:20 EDT.
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