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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Venture capital firm Energy Impact Partners has launched its European fund with €390m (£337m) from backers including Microsoft’s Climate Innovation Fund. The Energy Impact Partners fund is the first of its kind in the region and will invest in energy startups that are working towards a net zero carbon economy. Hans Kobler, Founder and CEO, ... Read more ›
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Hydrogen technology is still very much in its early days but has the potential to be used in day-to-day life, meaning many startups are creating a business around it. Combining hydrogen with oxygen atoms can produce electricity with the only excess products being water and heat. Compared to electricity it is quicker to replace. Like ... Read more ›
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Regtech SteelEye has landed $21m (£18m) in Series B funding for international expansion, with a focus on North America. SteelEye’s software aims to help clients, such as brokers, comply with regulatory requirements in the EU, UK and US markets. It also provides data analytics and communication analysis. Founded in 2017, the company is headquartered in ... Read more ›
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Atom Bank may still IPO on the London Stock Exchange, following reports that a £700m merger with a US-based SPAC had been called off. First reported by Sky News, the Durham-based challenger bank is currently interviewing investment banks about roles relating to an IPO. The UK fintech has been looking to go public for some ... Read more ›
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Investment into the UK fintech industry plummeted in the first half of 2022 compared to the same period last year, new data has shown. Fintech investment reached $9.6bn at the halfway mark of the year, almost three times lower than the $27.8bn seen in the first half of 2021, according to a report from KPMG. ... Read more ›
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Medtech startup Stitch has raised £2.5m in a seed funding round led by Connect Ventures for its clinical trial software. Stitch aims to improve participants’ experience in clinical trials by collecting feedback data. This can then be used to improve future trials. “Patients are the critical participants in clinical trials, but their experience is one ... Read more ›
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During the 18th century Midlands innovators working with steam and iron were at the heart of the Industrial Revolution. Today, the region is forging a new breed of pioneers who are putting technology at the heart of high-growth businesses. Split into the West Midlands and East Midlands, the region spans a combined 28,627 square kilometres. ... Read more ›
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It is expected that the sphere of data feeding the internet of things (IoT) will reach 75 billion devices in the next five years. That’s close to ten connected devices per human, and a threefold increase on the install base of 2018. This growing connectedness naturally feeds anxieties around how this data will be used ... Read more ›
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Virtual Brand company Peckwater has acquired the operations of Honest Food Company in four European countries, expanding as an operator of virtual food brands. Founded in 2019, London-based Peckwater Brands helps develop the virtual brand of restaurant chains operating a delivery-only service without the need for a physical location. Already operating in the UK, France, ... Read more ›
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Venture capital firm Northzone has appointed Anna Skarborg as its first head of sustainability, to push the investor’s sustainability efforts. Skarborg will work with Northzone portfolio founders to incorporate sustainability into their growing businesses and continues to remain a focus. She will also develop the venture capital’s sustainability strategy. Pär-Jörgen Pärson, partner, Northzone said: “Anna ... Read more ›
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Cambridge-based deep tech firm FocalPoint has closed the first stage of its Series C funding round, raising £15m to develop its GPS and navigational technology. FocalPoint was created to increase the accuracy of navigational technology, including GPS, using satellite positioning. The startup is also aiming to boost the security of global positioning by detecting fake ... Read more ›
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Online car marketplace Cazoo has said it will lay off 750 jobs and withdraw its operations from Europe markets. The job cuts add to a previous layoff of 750 employees in June due to a “business realignment plan”. Following its European exit, Cazoo will shift its entire focus to the UK market. Alex Chesterman OBE, ... Read more ›
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UK founders have written a joint letter to new Prime Minister Liz Truss urging her to support a startup competition to drive the growth of UK entrepreneurs. The letter was from a group of entrepreneurs, including Lastminute founder Brent Hoberman, as well as executives from the crowdfunding platform Seedrs – which was recently acquired by ... Read more ›
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Getting recruitment right is challenging for any startup or SME. Throw in an economic downturn, record inflation and a cost-of-living crisis and it can be an overwhelming hiring market to navigate. While some tech companies have been making layoffs, many continue to battle for talent. According to data compiled by Tech Nation, tech job opportunities ... Read more ›
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Matthew Scullion is the CEO and founder of Matillion, an integration platform for cloud data warehouses. Founded by Scullion in 2011, Manchester-based Matillion became a tech unicorn after a Series D funding round last year gave it a $1.5bn valuation. It has a dual headquarters in Colorado, Denver. The company’s platform is used by businesses ... Read more ›
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Venture capital firm Atempo Growth has landed an initial €30m (£26.1m) commitment from British Business Investments (BBI) for its first venture debt fund. Investments will be made by the Atempo Growth venture debt fund into UK and European high-growth technology companies. “We are delighted to have the significant backing of the British Business Bank, further ... Read more ›
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02.07.2026 17:49
Last update: 17:40 EDT.
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