Climate tech startup 51-0 has raised £400,000 to develop its platform that automates data collection and administration for clients looking to decarbonise their business. The London-based company aims to reduce the time an enterprise spends on carbon administration so that they can instead focus on decarbonisation efforts. According to 51-0, companies – particularly those with ... Read more ›
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Cornerstone VC has reached the first close of its £20m fund to invest in UK tech startup founders from diverse backgrounds. Founded from the angel group Cornerstone Partners, the venture capital firm will focus on early-stage startups, providing seed and pre-seed funding. The fund will initially invest in sums of between £250,000 and £1m. Cornerstone ... Read more ›
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Nottingham-based Cheesecake Energy has raised £3.5m in a pre-series A round to begin pilot deployments of its green energy storage technology. Cheesecake Energy is developing modular energy tech that stores electricity as heat and compressed air, which the startup claims can “displace” lithium-ion batteries in applications such as agriculture and transport. To store electricity, electric ... Read more ›
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It was a chance encounter with a model rocket in Edinburgh that led to Lee Rosen switching California’s SpaceX for Scotland’s Skyrora. Rosen, a US Air Force veteran, had been strolling down Princes Street visiting his daughter, who attends university in Scotland. The model rocket that caught his eye was in the headquarters window of ... Read more ›
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Digital marketing platform Growth Intelligence has secured £1.5m in funding from Shard Credit Partners’ new UK tech fund. Specialising in digital campaigns for B2B marketers, Growth Intelligence uses an AI platform to help clients target their respective markets. The platform stores marketing data and combines the successes and failures of previous campaigns to determine the ... Read more ›
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The UK’s financial regulator is opening an office in Leeds and hiring more than 100 new staff as part of a regional expansion. This September the Financial Conduct Authority (FCA), which oversees fintechs such as Monzo and Wise, will open an office at 6 Queen Street in Leeds’ business district to home its Digital Delivery ... Read more ›
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London-based companies received 80.6% of all venture capital investments last quarter in a sign that regional hubs continue to be overlooked by investors. Data released by KPMG’s Venture Pulse report shows that £5.8bn of VC investments between April and June went to companies based in London, while £1.4bn was invested across all the other regions ... Read more ›
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Instagram head Adam Mosseri is set to move to London as part of a strategic change by the US social media platform. Following the move, Instagram’s base of operations will be the British capital, a major hub for Instagram parent Meta’s operations outside of the US. Instagram opened its UK office in King’s Cross, London ... Read more ›
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Drone infrastructure startup Skyports has closed its Series B funding round with a $3.13m (£2.56m) investment from ST Engineering’s venture capital arm, ST Engineering Ventures. It brings Skyports’ Series B to a total of $26.13m (£21.4m). The company announced its first close back in March with a £23m raise. Headquartered in London, Skyports builds landing ... Read more ›
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The safety tech sector has been named one of the fastest growing sectors in the UK by a government-backed independent report published today. According to the UK Safety Tech sectoral analysis report, the safety tech sector’s revenue has increased by 21% in the last year, topping £381m. The safety tech sector includes firms specialising in ... Read more ›
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Food tech startup Clean Food Group has raised £1.65m to develop a yeast-based lab solution to replace palm oil, a substance widely used in food manufacturing and the beauty industry but is a major driver of deforestation. Clean Food Group has acquired intellectual property from the University of Bath for the lab alternative, where more ... Read more ›
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Chancellor Nadhim Zahawi has picked up the ongoing effort to persuade Cambridge semiconductor designer Arm to list in London. According to The Times, Zahawi has reportedly been in touch with Masayoshi Son, chief executive of Japanese conglomerate SoftBank, the parent company of Arm. The lobbying campaign to entice SoftBank to list Arm in the capital ... Read more ›
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The thriving life sciences industry in Oxford and Cambridge is at risk of experiencing a growth slowdown as laboratory space becomes increasingly hard to find, according to new data. The ‘Oxford-Cambridge’ arc has become a global hub for life science investment and innovation, due in part to the prestigious universities in the area. However, data ... Read more ›
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BP has announced it will invest up to £50m in an electric vehicle (EV) battery research and development facility in Pangbourne, Berkshire. Research at the Berkshire facility will focus on engineering, battery technology and fluid technology. It will contain an analytical lab. “We’re backing Britain. We’re fully committed to the UK’s energy transition. This additional ... Read more ›
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The Financial Conduct Authority (FCA) is cracking down on misleading marketing for high-risk investments, but is unable to include cryptoassets in the regulatory shake-up. The financial watchdog announced today it has finalised stronger rules to tackle high-risk investments that target low-income investors. The new FCA rules include a ban on referral bonuses for investments, a ... Read more ›
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Proptech startup Built AI has closed a £2m seed round for its commercial real estate analytics platform. Built AI uses natural language processing – a subset of AI – to extract key data from property brochures uploaded by users. The startup says this information can help commercial real estate investors save time when assessing properties. ... Read more ›
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Anti-money laundering platform Credas Technologies has been given government certification to provide digital identity checks. It is the latest indication that the UK is moving away from physical documents checks for processes such as renting a property or applying for a job. The Digital Identity and Attributes Trust Framework (DIATF) aims to give a trustmark ... Read more ›
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Training centre Oxfordshire Advanced Skills is to undergo a £13m extension ahead of launching a range of new apprenticeship programmes. On offer will be apprenticeships in space, robotics, data science, energy storage, power engineering and cybersecurity. “The new courses will empower UK manufacturers to adopt transformative technology in space and robotics, helping businesses to better ... Read more ›
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From flying taxis whizzing passengers across cities to autonomous drones zooming medical supplies to patients, the urban air mobility sector is full of promise. According to Morgan Stanley, that potential market could be worth $1tn by 2040. Across Europe, urban air mobility startups have been scooping up investor cash in the hope of capitalising on ... Read more ›
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A social app that wants to encourage people with shared interests to meet up for real-world activities has raised $540,000 (£450,000) in pre-seed capital ahead of its launch later this year. The Linkup app connects people based on shared interests, then suggests social activities such as going for a drink or a workout. Users apply ... Read more ›
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03.07.2026 00:47
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