Oto, a startup developing digital solutions to help with tinnitus, has closed an oversubscribed seed investment of $3.3m (£2.78m). Tinnitus is a medical condition affecting the ears. The main symptom of tinnitus is a persistent ringing or buzzing sound that comes from within the ears. While the condition affects one in seven people globally, Oto ... Read more ›
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Scotland-based Integrated Graphene is investing £8m to scale up its manufacturing process for the commercial production of graphene. Graphene, often described as a wonder material, has the potential to replace silicon in electronics – a crucial material for making semiconductors. It is stronger than steel, thinner than hair as well as a conductor of electricity ... Read more ›
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Advanced materials company Hypetex has raised £1.25m in an equity investment to support its carbon colourisation technology. Based in London, Hypetex manufactures coloured carbon fibre using sustainable colourisation materials. The company says its approach removes the need for paint and improves the performance properties of carbon fibre. Hypetex’s technology has applications for a range of ... Read more ›
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African fintech company SendSprint is launching its money transfer platform in the UK to help the country’s African diaspora send money back to Nigeria, Kenya and South Africa for a flat fee. “The UK launch represents a significant step for SendSprint as we look to expand and connect people across the globe to their homes ... Read more ›
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London-based events platform Hopin has cut 29% of its workforce, its second round of layoffs in five months. The latest job cuts will see 242 direct employees leave Hopin, a company spokesperson told UKTN. Most of the layoffs are in roles supporting its events business and follow preventative efforts by the startup, such as a ... Read more ›
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In an effort to boost its digital transformation plans, telecom giant BT has announced a plan to nearly double its digital skills team across the UK and India. BT is looking to grow its digital talent staff to 6,300 people in just two years. The new staff will all be filling high-skill digital positions for ... Read more ›
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Mapping platform what3words has currently raised over £5m in its crowdfunding campaign, surpassing its original goal of £1m. The London-headquartered firm’s Crowdcube campaign has received backing from over 7,300 investors, who will become shareholders in the private company. Founded in 2013, what3words has created mapping software that divides the planet into 3m by 3m squares ... Read more ›
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Workplace management software provider Incident.io has raised an additional $28.7m (£24.15m) in a Series A funding round that has brought the total of funds raised by the company to $34.2m. Taking a slightly different approach to remote working management software, Incident.io’s platform is run entirely through the US unicorn Slack’s flagship software. By integrating Incident.io ... Read more ›
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The UK has a thriving spinout ecosystem. Innovative technologies cultivated in academia have gone on to raise millions in capital and exit in blockbuster IPOs. But who is the most active investor in UK university spinouts? According to a recent report by data platform Beauhurst, that accolade is shared by London-based Parkwalk Advisors and Scottish ... Read more ›
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Digital mapping startup Spinview has raised £5.5m in a pre-Series A funding round to develop its data visualisation platform. The company, which is headquartered in London, is looking to capitalise on the much-hyped metaverse. Spinview combines data from a variety of sources and visualises it, allowing clients to understand and observe their data as part ... Read more ›
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British consumer tech company Nothing has launched its first smartphone, the “Phone (1)”, at an event in King’s Cross, London, as it looks to take on Apple and Samsung. Ahead of the launch, 200,000 people paid a non-refundable deposit before knowing any of the Phone 1’s specifications. After much hype and rumoured leaks, the London-based ... Read more ›
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Travel platform Holibob has raised $12m (£10.1m) in its Series A investment round, led by previous investor Ryan Howsam, the founder and CEO of travel insurance provider Staysure. Founded in Scotland but now London-based, Holibob is a business-to-business marketplace that uses artificial intelligence (AI) to find activities for tourists while on their travels. It partners ... Read more ›
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Tech industry workers account for 6.3% of the total UK workforce, with nearly 15,000 new tech jobs projected this year, according to a new report. The data, which was gathered by the Computer Technology Industry Association (CompTIA) for its State of the Tech Workforce UK report, shows that organisations employed approximately two million tech workers ... Read more ›
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Bristol-based fintech Penny has raised £4m in seed funding, with contributions coming from Google’s Gradient Ventures and Monzo co-founder Tom Blomfield. First reported by TechCrunch, Penny is a mobile app that tracks people’s pensions and uses automation to combine them all into one account. “The average, hard-working person doesn’t have a clue who their pension ... Read more ›
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British Business Investments (BBI) is investing £20m in Manchester-based Tosca Debt Capital, which invests in small businesses. “The recent pandemic has adversely impacted every sector of the UK economy and there is no question that smaller businesses have been hit the hardest,” said Gary Davison, founding partner, Tosca Debt Capital. The investment was made in ... Read more ›
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Uber secretly lobbied government ministers when the ride-hailing giant was looking to ramp up its expansion in the UK market, leaked files show. Between 2014 and 2016 at least six Conservative ministers did not declare that they attended meetings with Uber, the leaked documents show, including then chancellor George Osborne. The revelations come through a ... Read more ›
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Cathay Innovation, an international venture capital firm, has announced a new €1bn (£847m) fund to invest in sustainable startups across the software, AI, fintech, digital health, and consumer tech spaces. The Cathay Innovation Fund III is the firm’s third venture capital fund and is backed by institutional investors and multinational corporations including Sanofi, Total Energies, ... Read more ›
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GoGetters, self-styled as the “Waitrose of delivery apps”, has secured £350,000 of its £500,000 target raise to take on the likes of Deliveroo, Just Eat and Uber Eats. GoGetters has already received a six-figure investment from London-based private hire cab and courier company Addison Lee CEO Liam Griffin. According to GoGetters, it is now valued ... Read more ›
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Subprime money lender Amigo has announced it plans to re-join the loaning market two years after the company was banned from lending. The London-listed company was told in 2020 to stop its lending after it was found it had acted irresponsibly in its loans to financially at-risk consumers. Following a boom in profits in 2017, ... Read more ›
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London-based Pario Ventures has launched a £45m fund to back early-stage startups and scaleup businesses in the UK or US amid the economic downturn. “The current changes to the financial markets will have an impact on companies that had planned funding to break even. Dotcom and GFC in 2008 show that funding becomes increasingly harder ... Read more ›
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16.06.2026 19:13
Last update: 19:05 EDT.
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