British vehicle manufacturer Tevva has unveiled a 19-tonne variant of its hydrogen-electric truck as the company continues to lead the charge for the commercialisation of hydrogen-powered vehicles. The new model, unveiled today at the IAA Transportation show in Germany, follows the launch of Tevva’s first hydrogen-electric 7.5-tonne truck in June. Like the smaller model, the ... Read more ›
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Proptech Valve has landed $4.5m (£3.94m) in seed funding led by Project A for its flexible working management software. Founded in 2019, Valve’s software provides property managers sales tools, inventory management, market data and online booking platforms for flexible workspaces. It is aimed at landlords, operators, brokerages and tech entrepreneurs. “Valve’s unified system meets a ... Read more ›
0
Ethereum has completed a software upgrade, known as “the merge”, to reduce its carbon emissions by more than 99%. But what does it mean, and how will it impact cryptocurrency startups? One of the biggest concerns surrounding the growing popularity of blockchain-based products like cryptocurrencies and NFTs is their environmental impact. The new software upgrade, ... Read more ›
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Prime Minister Liz Truss is set to reignite efforts from the UK government to encourage Japan’s SoftBank to list semiconductor company Arm on the UK’s public markets. The British government has previously held talks with SoftBank with the hopes of persuading the Arm owner to keep the tech firm in the UK. The talks were ... Read more ›
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Space startup Exobotics has opened a 2,000-square-foot engineering lab and clean room in Chiswick, London. Exobotics builds software and hardware for space flight such as spacecraft subsystems, ground support equipment and satellite technology. According to the company, it can manage the entire build process from concept to testing in less than nine months. Founded in ... Read more ›
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Livia Ng is the founder and CEO of Neuroute, a platform that provides healthcare SMEs with insights on eligible patient groups for clinical trials. Neuroute, formerly Neucruit, can be used to test for patient feasibility, market research and patient recruitment. Its software as a service platform is powered by data from more than 1,500 hospital ... Read more ›
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Manchester-based digital training programme The Fearless Academy has received £500,000 in funding to support its goal of closing the digital skills gap. A limited pool of digitally talented workers has been cited as a key concern for the British tech sector and the economy as a whole. For jobs in and out of tech, digital ... Read more ›
3
The University of Edinburgh has revealed the startups that have made the latest cohort for its artificial intelligence (AI) accelerator from the UK and internationally. The accelerator will take place at the Bayes Centre, Edinburgh Innovations and virtually. It is being supported by design consultancy NileHQ, Huawei UK and The University of Edinburgh’s Edinburgh Earth ... Read more ›
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Manchester-based THG has seen its share price fall to a record low after the ecommerce company reduced its sales forecast for the rest of the year amid dampening consumer confidence. In its half-year results THG, formerly known as The Hut Group, said it expects annual earnings to fall short of analysts’ expectations. THG forecast sales ... Read more ›
0
An employment tribunal has upheld a former Starling executive’s claim that she was unfairly treated by the challenger bank because of a medical issue related to asthma. However, the London Central Employment Tribunal rejected the claim by Gulnaz Raja, who served as deputy company secretary, that she was victimised and unfairly dismissed by Starling. Raja ... Read more ›
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British insurtech Laka is launching its micro-mobility insurance in Germany following its Series A raise. Porche Ventures invested $1.5m (£1.2m) into the company in June, part of a $13.5m (£10.9m) Series A round. For the launch, Laka will partner with Porche Digital, the technology unit of the sports car maker, and e-bike brand Cyklaer. Tobias ... Read more ›
15
London-based artificial intelligence startup Unlikely AI has raised $20m (£17.4m) in a seed funding round to boost the development of its proprietary tech. Unlikely AI was founded by William Tunstall-Pedoe, who previously served as the principal project manager for Amazon’s AI voice assistant Alexa. Tunstall-Pedoe’s earlier startup Evi Technologies was key to the natural language ... Read more ›
2
Climate tech company Patch has secured $55m (£47m) in Series B funding led by Energize Ventures for its carbon credit software. Jointly headquartered in the US and UK, Patch’s software allows businesses to purchase carbon credits and supplies infrastructure to those developing climate solutions. It also provides a product and service API that allows sellers ... Read more ›
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The former owner of Wales-based microchip manufacturer Newport Wafer Fab has launched a bid to buy back the company, sold initially by him to Chinese and Dutch-owned Nexperia. Drew Nelson, who owned Newport Wafer Fab until 2021, is now reportedly looking to buy back the factory, having reportedly teamed up with Palladian Investment Partners, a ... Read more ›
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Not-for-profit climate accelerator Subak has revealed it has begun its newest funding round and is targeting £20m. The capital acquired will go towards the growth of the accelerator to eight locations across six continents by 2025 and Subak’s grant technology platform. Subak was launched last year by the main author of the UK’s Climate Change ... Read more ›
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London-based startup Claimer has raised £3.6m in a seed funding round to support its service of helping tech companies claim financial support from the government. Founded in 2019, Claimer saw the billions in public finance set aside to support innovation in the UK tech industry. While public funding is undeniably useful for startups, Claimer said ... Read more ›
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Money may make the world go round, but payment rails move money around the world. The digital infrastructure connecting financial institutions makes it possible to transfer cash from one part of the world to another – much like a railway track connecting two stations. But as with railway tracks, payment rails need updating to keep ... Read more ›
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NextEnergy Solar Fund (NESF) and Eelpower have come together to form a £200m battery storage joint venture partnership. A 75% share of the £200m battery storage will be held by NESF, with the remaining 25% held by Eelpower. “Battery storage is a vital technology in increasing the penetration of renewables in the UK. NESF has ... Read more ›
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Venture capital firm Northzone has secured more than €1bn (£868m) for its Fund X to support startups in Europe and the US. Investing in consumer and enterprise companies, Northzone will continue to invest from seed to IPO. Northzone has previously invested in the likes of Spotify, Zopa, Klarna, TIER and Pollen. Jessica Schultz, partner, Northzone ... Read more ›
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Cardiff-based virtual reality (VR) training startup Virtus Tech has secured £300,000 in a pre-seed funding round to grow its existing team and support the research and development of its immersive tech. Virtus’ no code platform aims to allow businesses to build a library of interactive training simulations using virtual reality technology. The startup’s VR solution ... Read more ›
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16.06.2026 09:28
Last update: 09:20 EDT.
News rating updated: 16:20.
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