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 ›
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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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Investment zones and an extension to the Seed Enterprise Investment Scheme (SEIS) are two of the few policies to survive a major reversal to the mini-budget, announced today by newly appointed Chancellor Jeremy Hunt. The U-turn will see “almost all” of the tax cuts announced last month by his predecessor, Kwasi Kwarteng, undone in a ... Read more ›
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Lending platform Funding Circle has hired Greig McEwan as its latest chief technology officer (CTO) to front its “multi-product platform expansion”. McEwan joins the fintech from his interim position as CTO for digital freight platform sennder. Before this, he worked as a technology strategy consultant for WorldRemit and CTO for Paddy Power Betfair. Greig McEwan, ... Read more ›
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British air taxi startup Skyports, which provides drone infrastructure and services, has opened a new office in Tokyo, Japan. The Skyports Japan office adds to the firm’s established Asia-Pacific headquarters in Singapore and is the latest step towards its goal of taking to the skies in 2025. Yun-Yuan Tay, head of Asia-Pacific at Skyports, said: ... Read more ›
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London is Europe’s leading tech hub. Globally, it is only trumped by Silicon Valley. The city known for Big Ben, double-decker buses and breathtaking parks has seen its tech ecosystem flourish over the past decade. This growth has reached new heights over the last three years, with the UK capital’s tech scene smashing record after ... Read more ›
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From day one of launching a startup some founders already have one eye on the exit. They know that when the time is right they will cash in. But when is the right time? The obvious answer is when the company reaches what the founder deems to be peak value. But according to Tim Armoo, ... Read more ›
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Fintech startup Plum has raised £1m from more than 3,700 investors only eight hours after launching its crowdfunding campaign. Founded in 2016 by a former employee of the global money transfer app Wise (formerly TransferWise), Plum is a self-described “smart money app” that uses AI to automate aspects of personal finance. While the app offers ... Read more ›
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London-based fintech Flux, which provides digital receipts, has announced that it is shutting down its network in the UK. Launched in 2016, the startup was founded to “kill the paper receipt” by allowing retailers to digitally send customers’ receipts to their phones. It connected with loyalty schemes at brands such as Costa Coffee and EAT. ... Read more ›
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30.06.2026 02:51
Last update: 02:45 EDT.
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