Nearly a quarter of UK tech companies made it to Series C or exit stage in 2021 but the UK must do more to nurture earlier stage startups, according to Tech Nation. The tech entrepreneur organisation said that 50% of earlier-stage startups were struggling to scale beyond the seed and pre-seed stage. Tech Nation said ... Read more ›
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Bristol-based startup LettUs Grow is trialling its vertical farming technology in UK prisons with the goal of teaching prisoners skills for rehabilitation. To begin the trial will start at HM Prison Hewell based in Worcestershire, where LettUs Grow has delivered one of its “DROP & GROW” aeroponic container farms. Aeroponic farming removes the need for ... Read more ›
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Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly. The advertising watchdog first raised the issue in 2021, when the Premier League team wrote in a post on Facebook “$AFC in now live $CHZ” and “What song do you want ... Read more ›
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London-based virtual reality (VR) startup FundamentalVR has secured $20m (£16.3m) in funding for its immersive medical training tech. Founded in 2012, FundamentalVR has developed a medical simulation platform that combines VR and haptic feedback to give training surgeons a way to practice procedures. FundamentalVR claims its tech can accurately mimic the sights, sounds, and physical ... Read more ›
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Buckinghamshire energy company GRIDSERVE has raised £200m for its electric vehicle (EV) infrastructure from Infracapital. GRIDSERVE provides infrastructure for solar farms, energy storage, electric car leasing and highway charging. The £200m will be used by the firm to roll out more than 5,000 of its EV chargers before 2025. It will also invest in its ... Read more ›
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Sales software platform Jiminny has closed $16.5m (£13.5m) in Series A funding to fuel product development and international growth. Jiminny’s “conversational intelligence” software uses AI to transcribe and analyse sales conversations with customers. It then provides coaching to the salesperson, which Jiminny says can be used to drive more sales. The platform also provides customer ... Read more ›
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The UK government needs to properly acknowledge and address digital poverty if it wants to resolve the growing skills gap and support economic growth, according to charity group the Digital Poverty Alliance (DPA). Elizabeth Anderson, COO of the DPA, told UKTN the charity’s data shows that 82% of jobs in the UK require digital skills. ... Read more ›
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London-based events startup Pollen has entered administration after failing to find a buyer. The collapse of Pollen comes just months after it raised $150m (£124) in funding. The business, which has received taxpayer funding via the government’s Future Fund, had been seeking a buyer for the whole business. But according to an email sent by ... Read more ›
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The former chair of the UK’s Competition and Markets Authority (CMA) has filed a £10bn lawsuit against crypto companies, including Binance and Kraken, which are being accused of “anti-competitive behaviour”. Lord David Currie, who chaired the UK’s competition watchdog from 2012 to 2018, has accused the two cryptocurrency exchanges, along with Bittylicious and ShapeShift, of ... Read more ›
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Digital health service provider Babylon Health and the NHS have terminated multi-year contracts in the UK due to “challenging global and macroeconomic conditions”. Babylon Health has reached an agreement to end its 10-year partnership with the Royal Wolverhampton NHS Trust just two years after penning the deal. The British health tech company has also ceased ... Read more ›
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Deliveroo said it plans to pull out of the Netherlands as the British food delivery company reported widening pre-tax losses compared to a year ago. The London-headquartered firm reported a loss of £147m in the first half of 2022, a 54.7% increase on the £95m lost in the same period last year. The widening losses ... Read more ›
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Venture capital firm Balderton Capital has appointed former Deloitte manager Elodie Broad as its first head of impact and sustainable future goals. Broad joins Balderton Capital from Deloitte’s sustainable finance team, where she managed environmental, social and governance (ESG) in the investment management division. “I’ve long been passionate about the role of investors and corporates ... Read more ›
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Patchwork Health has raised £20m in a Series B funding round for its digital platform that lets NHS teams recruit, manage and dispatch both temporary and permanent healthcare workers. Founded in 2016 by medics, Patchwork aims to relieve the strain on health and care workers in the NHS, which has one of the worst rates ... Read more ›
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The West Midlands Combined Authority (WMCA) has partnered with technology giant Microsoft to bring digital skills to the region with financial backing. Microsoft and Mayor Andy Street made the announcement at a West Midlands Growth Company event celebrating the Commonwealth Games. It will further advance the work of WMCA’s digital skills bootcamps and Microsoft’s campaign ... Read more ›
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Auddy, a London-based startup that provides producing, advertising and comms podcasting solutions for businesses, has secured £2.5m in funding. Early-stage venture capital trust Pembroke VCT led the funding round with a £1.8m investment. The remaining capital came from existing investors Haatch Ventures and Brick Capital Ventures. Auddy was founded in 2020 by former executives from ... Read more ›
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The UK’s lack of a microchip strategy will leave it in a disadvantaged position in semiconductor research and supplies, according to Intel’s European boss. US-based Intel, one of the biggest players in the semiconductor industry, announced earlier this year a major investment of €33bn (£27.8bn) into research and development and manufacturing in the EU. The ... Read more ›
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Manchester-based risk management platform RiskSmart has launched in the UK following a £1m investment from NPIF Maven Equity Finance alongside institutional investors. Founded earlier this year by Ryan Swann and Michael Aldred, the regtech company has built a risk management platform for small to medium-sized businesses. “RiskSmart’s mission is to help businesses succeed through simple, ... Read more ›
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Former Chancellor Lord Philip Hammond has been appointed to the advisory board of the provisionally named Fintech Growth fund, a £1bn venture to invest in financial technology startups, according to reports. Sources told Sky News on Monday that Lord Hammond, who served as chancellor under former Prime Minister Theresa May from 2016 to 2019, would ... Read more ›
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Drone delivery company Windracers has landed a third round of funding from the Future Flight challenge at UK Research and Innovation (UKRI), a government-backed organisation. The London-based startup will use the investment to continue testing its drones and autopilot tech, as well as extending trials to more areas across Scotland. Furthermore, it will work with ... Read more ›
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Electric vehicle charging app Zap-Map has secured £9m in Series A funding to grow its development team and fund international growth. Headquartered in Bristol, Zap-Map’s app lets users find and pay for public EV charging points. Zap-Map also publishes data analytics on the UK’s electric vehicle sector. “This fundraising round allows us to accelerate Zap-Map’s ... Read more ›
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02.07.2026 22:59
Last update: 22:50 EDT.
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