London-based virtual reality (VR) startup Immersive Gamebox (IGB) has secured $90m (£79.3m) worth of franchise deals to support the company’s expansion into new regions. Founded in 2018, IGB develops VR entertainment experiences using projection mapping, motion tracking, and surround sound technology. Its virtual reality tech goes into what the company calls ‘gameboxes’, physical spaces placed ... Read more ›
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NatWest has made a €58m (£50.4m) equity investment into Vodeno Group, the owner of Polish fintech Vodeno TechCo and Belgium-based Aion Bank to launch in the UK. Vodeno TechCo provides embedded finance solutions such as payments, deposits, point-of-sale credit and seller cash advances. “This strategic partnership presents a strong potential source of fee income in ... Read more ›
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The UK’s Information Commissioner’s Office (ICO) has warned it will be cracking down on lacklustre cybersecurity measures from businesses, being marked by a £4.4m fine served to construction group Interserve. The information watchdog handed the hefty fine to Berkshire-based Interserve for failing to keep employee personal information secure, in a breach of data protection law. ... Read more ›
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Business secretary Jacob Rees-Mogg has revealed £211m in government funding to go towards battery research and development. Part of the government’s Faraday Battery Challenge, it aims to fund the manufacturing capacity for batteries and wider industry within the UK. UKRI, the Faraday Institution, Innovate UK and the UK Battery Industrialisation Centre (UKBIC) will invest the ... Read more ›
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Yesterday Liz Truss resigned as the UK’s prime minister after only 45 in office, sparking yet more uncertainty for businesses. From day one, Truss had a tech in-tray that contained a long list of issues such as the Online Safety Bill, crypto regulation and a UK semiconductor strategy. These issues have not gone away and ... Read more ›
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The UK competition watchdog’s decision to force Meta to unwind its acquisition of Giphy has drawn mixed reactions from the country’s tech community, with entrepreneurs describing it as both a “worrying precedent” and “entirely right”. This week the Competition and Markets Authority (CMA) said the $315m deal, announced in 2020, would “significantly reduce competition in ... Read more ›
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Rick Rowan is the CEO and founder of NuroKor Bioelectronics, a startup harnessing bioelectronic technology for pain management, physical recovery and enhanced athletic performance. Rowan founded NuroKor in 2018 when looking for an alternative to painkiller medication to treat his 30-year chronic back pain and saw the potential in bioelectronic treatments. The London-based company has ... Read more ›
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Foodtech startup Hoxton Farms has raised $22m (£19.8m) in Series A investment to open a pilot facility to produce cultivated fat from animal stem cells. Hoxton Farms is building a 13,000 sq ft pilot farm in Shoreditch, London, to scale up its manufacturing capacity having received regulatory approval for its alternative meat product. The startup ... Read more ›
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London-based Sensat has secured £16.7m in a Series B funding round led by National Grid Partners for its digital twin technology aimed at the construction industry. Digital twins are the mapping and digitisation of a place, which then can be used for applications such as simulation. The Series B funds will be put towards the ... Read more ›
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Initial feedback given to startups by VCs is “likely to be bollocks”, according to the managing director of Manchester-based venture capital firm Praetura Ventures. Some startup founders see feedback as a valuable part of the pitching process, but David Foreman believes that some are “overestimating” its importance. “The entire world seems to have gone mad ... Read more ›
2
Biotech startup Nucleome Therapeutics has raised £37.5m in an oversubscribed Series A round to discover new medicines by decoding the human genome. The investment will be spent on Nucleome’s autoimmune disease programmes alongside further research and development. Dr Danuta Jeziorska, CEO and co-founder of Nucleome Therapeutics, said: “We have already made significant progress by mapping ... Read more ›
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British space startup Orbex has landed £40.4m in a Series C funding round led by the Scottish National Investment Bank to continue working towards vertical launch capability. Based in Forres, Scotland, Orbex has developed a 19-metre long, two-stage rocket that’s designed to carry satellites weighing up to 180kg into the Earth’s lower orbit. Chris Larmour, ... Read more ›
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Bitcoin was created in the wake of the 2008 financial crash as a countermovement to the banking institutions that caused the crisis. In the 14 years since then, interest in cryptocurrencies has become so mainstream that earlier this year Britain’s then-chancellor and former investment banker outlined plans to make the UK a crypto hub. There ... Read more ›
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Noala, a platform that provides access to speech and language professionals for speech therapy, has secured $4m (£3.5m) in an oversubscribed seed funding round. Based in London, Noala aims to speed up access to speech and language treatment. Its online platform begins with an assessment before providing interactive exercises and weekly video calls with speech ... Read more ›
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For years, London was the go-to place for founders to set up a tech startup. But tech hubs have sprung up across the UK’s regions to challenge the capital’s hegemony, with the West Midlands crowned the country’s fastest-growing area last year due to the high number of tech roles and large volumes of venture capital ... Read more ›
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SoftBank has sold its entire stake in British ecommerce company THG, formerly known as The Hut Group, for about £31m. The Japanese multinational conglomerate will sell its 80,621,797 shares to THG founder and CEO Matthew Moulding and exiting investor Qatar Holding. The sale will represent losses of around £450m for SoftBank, which has been restructuring ... Read more ›
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Insurtech Lukango has closed a £275,000 pre-seed investment round for its insurance policies aimed at small businesses. Lukango offers two products: “Fix” a set price plan and “Flex,” which charges based on the size of a business for a range of policies such as public liability, employers’ liability and product liability. Joanne Safo, CEO and ... Read more ›
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Stability AI, the company behind open-source artificial intelligence models for generating images, audio and video, has secured $101m (£89m) in a funding round that values it at around $1bn. The London-based startup’s seed round was led by Coatue Management and Lightspeed Venture Partners, according to Bloomberg. Emad Mostaque, founder and CEO of Stability AI, said: ... Read more ›
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Cybersecurity company OutThink has landed $10m (£8.8m) in seed funding for its software that identifies risky cybersecurity behaviours among employees. Founded in 2015, OutThink’s software provides businesses with an analytics dashboard to monitor and identify weak areas in security that stem from human activity, such as forgetting to lock a computer. Chief information security officers ... Read more ›
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The government has created a £15m fund for British businesses developing satellite communications technology in a bid to boost the country’s space sector. The funding, unveiled by Science Minister Nusrat Ghani, is available through a competition running until next spring. Cash will be awarded to projects working in areas such as satellite constellations, ground systems ... Read more ›
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16.06.2026 03:24
Last update: 03:15 EDT.
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