Tory peer and former minister Lord Vaizey of Didcot has joined the advisory board of crypto exchange Binance, which has faced repeated scrutiny from UK regulators. The appointment of Vaizey is part of a larger plan from the world’s largest cryptoasset exchange company, which has brought on 11 people to its new global advisory board. ... Read more ›
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London-based web3 startup Hadean has raised $30m (£26.6m) in a Series A funding round to build out its metaverse virtual infrastructure technology from backers that include US video game giant Epic Games. Founded in 2015, Hadean is a deep tech startup that is developing web3 components in support of metaverse entertainment, education, and enterprise projects. ... Read more ›
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Australian fund manager Link Fund Solutions (LFS) could be forced to pay a £50m fine issued by the UK’s Financial Conduct Authority (FCA) over its mismanagement of an investment fund from the now defunct firm Woodford Investment Management. Founded by Neil Woodford CBE in 2014, Woodford Investment Management has backed a number of notable UK ... Read more ›
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Manchester-based startup Sorted has secured a £3m loan investment to support the growth of its delivery software platform that’s used by the likes of Asda, Lush and ASOS. Founded in 2010, Sorted’s software is used to analyse the performance of deliveries made by companies, with the goal of optimising the management of both deliveries and ... Read more ›
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Inclusivity platform Include Me has launched a directory of “exceptional entrepreneurs” from diverse backgrounds, based across all of the UK, to provide more role models to groups under-represented in Britain’s business and tech industry. The Diversity-List, or D-List, is a searchable database of entrepreneurs that displays their sector specialisms, contact details and a short biography. ... Read more ›
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Female angel investors made £2bn worth of investments in companies across the UK over the past decade, according to a new study. The Women Angel Insights Report from Beauhurst found that more than 5,000 women acted as angel investors over the last decade. The companies they invested in went on to create more than 10,000 ... Read more ›
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Ofcom, the UK’s broadcasting and telecoms regulator, has announced it will launch a study examining the market dominance of US tech giants Amazon, Microsoft, and Google in the UK cloud services industry. The regulator will determine if there are competition concerns that may require further action following the study. The cloud computing market has exploded ... Read more ›
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California-based Silicon Valley Bank has converted its UK branch into a wholly-owned subsidiary and hired a new leadership team and board to focus on UK growth. Founded in 1983, Silicon Valley Bank provides services to technology startups such as commercial banking, private equity and loans. It entered the UK market in 2004 and has since ... Read more ›
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Revolut has launched a pro account with tools for freelancers, gig economy workers, and self-employed as it continues its push of being an all-in-one financial “super app”. The account is designed to ease the process of money management for the self-employed. Revolut claims its pro account streamlines income, payment, and expense management to make the ... Read more ›
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Belfast-based startup AMPLY has raised £900,000 in a joint equity and grant funding round to develop new products that tackle global disease threats from multi-drug resistant pathogens using its AI drug discovery platform. Founded as a spinout from the Queen’s University Belfast in 2021, AMPLY’s AI drug discovery platform was developed to ensure new generations ... Read more ›
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The Financial Conduct Authority’s regulatory approach to cryptocurrency companies has helped protect consumers from losing money from collapsed ventures, the financial watchdog’s chief operating officer has said. Writing for The Times, FCA COO Emily Shepperd said that “some crypto firms were established elsewhere and have collapsed, with consumers last in the queue for getting their ... Read more ›
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Cornwall-based green tech startup Cleaner Seas Group has secured more than £700,000 in funding as it looks to close a £1m investment to support its pollution-fighting washing machine technology. Founded in 2018, Cleaner Seas has designed a new kind of washing machine filter with the aim of reducing the number of pollutants that end up ... Read more ›
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The UK government has unveiled a multi-billion-pound package to cap wholesale energy costs for businesses this winter in a move set to benefit the millions of startups and small businesses facing soaring operational costs. The business energy price cap, which begins on 1 October and lasts for six months, will cut wholesale business energy costs ... Read more ›
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The £9.4bn takeover of London-listed software firm Aveva by France’s Schneider Electric has been officially announced by the two companies. The acquisition was first said to be on the cards in August when Schneider, which already owns a majority stake in Aveva, confirmed to UKTN that a complete takeover was being considered. Schneider acquired its ... Read more ›
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It’s hard to believe, but 2022 is heading into the fourth and final quarter. Schools are back, the weather is cooler, and we’ve seen a few Christmas decorations sneaking into the shops. But before we dive head first into the winter, it’s time for an autumn career audit. September is a great month to reset ... Read more ›
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British fintech company Revolut has confirmed it was the victim of a “highly targeted cyberattack” that resulted in the perpetrator gaining access to tens of thousands of users’ personal data. A spokesperson from Revolut told UKTN that an “unauthorised third party” obtained access to the data of 32,000 customers, which translates to 0.16% of its ... Read more ›
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London-based AI startup NeuralSpace has completed a $2.8m (£2.4m) seed funding round with the addition of a $1.1m (£960,000) add-on investment to support its multi-language speech-to-text platform. Founded in 2019, NeuralSpace specialises in natural language processing (NLP), a subset of AI, to recognise different languages. NeuralSpace offers language recognition, speech-to-text, machine translation, and transliteration as ... Read more ›
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The Financial Conduct Authority (FCA) has issued a warning that Bahamas-based crypto exchange firm FTX is operating unauthorised digital asset services in the UK. Founded in 2018, FTX is one of the largest exchanges of cryptocurrencies in the world, valued at $32bn. “This firm is not authorised by us and is targeting people in the ... Read more ›
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Digital Transformation Capital Partners (DTCP) has closed a $300m (£263m) raise for its latest equity fund, with Japanese conglomerate SoftBank taking a major stake as a limited partner. The fund, which launched in March this year, has a global focus and will invest in UK startups if the “right opportunities come long”, a spokesperson told ... Read more ›
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London-based fintech Sequence has raised $19m (£16.6m) in a seed funding round to develop its financial services and grow its team prior to the launch of its product. Sequence is aiming to provide B2B firms with a data-driven financial operations (FinOps) tech stack to streamline the process of billing and pricing. Sequence claims it can ... Read more ›
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02.07.2026 15:57
Last update: 15:45 EDT.
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