Startups founded during the pandemic are forecast to contribute more than £20bn to the UK economy, according to new data. A joint report from NatWest Group and CBI Economics has revealed that in the first year of the pandemic alone, around 800,00 new companies were registered in the UK, an increase of 22% from the ... Read more ›
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Cambridge-based health tech startup CardiaTec has secured a £1.4m pre-seed investment to further develop its AI-driven cardiovascular disease treatment. Founded at the University of Cambridge, CardiaTec is developing a target discovery platform that uses AI to analyse large-scale cardiovascular data. Its platform crunches data across different fields of biology, such as genomics, microbiomics and epigenomics, ... Read more ›
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In 2021, Swedish fintech company Klarna became Europe’s most valuable private startup with a staggering valuation of $45.6bn. Now, just one year later, the firm is in talks for a new equity round that would see its valuation drop to as low as $6bn (£5bn). It has been known for several months that the fintech ... Read more ›
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Data centres produce a lot of heat – so much so that Microsoft has trialled deploying them in containers on the seafloor. Keeping them cool, which is often done using noisy fans, guzzles lots of energy. Sheffield-based Iceotope has taken a different approach, using liquid immersion cooling technologies that it claims is a low-cost approach that ... Read more ›
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Innovation, investment, and overall growth of UK businesses could be stifled if the government goes ahead with the plan to grant new regulatory powers to the Digital Markets Unit (DMU), a new report has claimed. The DMU currently operates on a non-statutory basis within the Competition and Markets Authority (CMA). However, the plan is to ... Read more ›
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Climentum Capital is launching a €150m (£128.45m) fund to invest in 25 startups across Europe that are developing technologies that “drastically” cut CO2 emissions. The newly launched venture capital firm plans to make investments ranging between €1m to €5m in return for equity of between 10% to 25%. It will reserve half of the capital ... Read more ›
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The conclusion of the government investigation into the sale of semiconductor plant Newport Wafer Fab to Chinese-owned chip company Nexperia has been delayed by Business Secretary Kwasi Kwarteng. A final decision was expected to be made on Tuesday after the Nexperia boss was questioned by parliament. Kwarteng has instead delayed the decision by 45 working ... Read more ›
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In the last few years, a swathe of financial influencers and bloggers have become venture capitalists (VCs). Harry Stebbings, the 24-year-old London-based creator and host of The Twenty Minute VC, is launching a micro fund of $8.3m. Ben Gilbert and David Rosenthal of Acquired Podcast set up an investment firm. Not Boring newsletter writer Packy ... Read more ›
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The NHS is launching a trial to deliver chemotherapy medication via drone in a trial with drone startup Apian. Initially, the drones will transport the medication from Portsmouth Hospitals University NHS Trust to the Isle of Wight’s St Mary’s Hospital starting in the “coming weeks”. “I want England to become a world leader in cancer ... Read more ›
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The UK government has launched the country’s first data analysis centre to track the supply of critical minerals amid global supply chain problems that have blighted sectors ranging from automotive to consumer electronics. The Critical Minerals Intelligence Centre (CMIC), based in Nottingham, has been founded to support the UK’s mineral independence as the demand for ... Read more ›
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Birmingham-based EV company We Are Universal (WAU) has raised £650,000 in a pre-seed funding round with Angel Investment Network. WAU, which was founded in 2018 by Crystal Drury and Linas T. Pozerskis, has created an electric bike that collects mapping data for autonomous vehicles. The company also sells a powerwall, which converts the bikes into ... Read more ›
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Zeed, a new platform that combines TikTok-style video content with financial investments, has raised £205,000 in pre-seed funding. London-based Zeed is looking to bring investing to a younger audience with a platform that hosts short-form video content alongside its more traditional stock trading service. Financial content on social media platforms such as TikTok has risen ... Read more ›
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Insurtech company Konsileo has raised £4.7m in a Series A funding round, with £3.2m provided by previous investors Committed Capital. London-based Konsileo is a commercial insurance broker and risk management adviser. It has created a broker platform that checks compliance and manages policy admin, with the goal of saving time for brokers. “Konsileo’s model is ... Read more ›
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Oxford Quantum Circuits has closed a $46.4m (£38m) funding round, making it the largest Series A fundraise for a UK quantum computing company. The Reading-based company will use the new funds to accelerate its research and development as it looks to expand into Asia. Oxford Quantum Circuits, or OQC, specialises in quantum computer hardware. Its ... Read more ›
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Richard Branson’s satellite launch company Virgin Orbit has said it will have its first international launch from Spaceport Cornwall later this year. The launch will follow in the footsteps of Virgin Orbit’s fourth mission “Straight Up”, which launched from Mojave, California on Saturday Virgin Orbit is competing with the likes of SpaceX to send small ... Read more ›
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Edinburgh-based health tech company PhysioMedics has secured an additional £1.5m in funding to expand commercial operations for its muscle and joints online self-assessment tool. The Scottish company’s triage platform, called PhysioWizard, has been clinically validated and matches patients with advice and treatments once they’ve completed a 10-minute online assessment. PhysoMedics said it plans to use ... Read more ›
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London-headquartered WeWALK has secured £1.7m funding from UK Research and Innovation (UKRI) for its “smart cane” that uses computer vision to help people with visual impairments move around busy spaces. The capital was awarded as part of the as part of UKRI’s Healthy Ageing Challenge. It will see WeWALK partner with the Imperial College London ... Read more ›
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Asset management company UBS and property developer Reef have partnered to invest up to £900m in a bid to create one of Europe’s largest life sciences hubs in Stevenage. The new facilities will be built across 33 acres of land owned by UK pharmaceutical giant GSK in Hertfordshire, resulting in an estimated 1.4 million square ... Read more ›
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Technology giant Amazon has unveiled its first UK “micromobility hub” in central London to house its e-cargo bikes, walkers and its existing electric vehicles. The Hackney-based hub will deliver over one million parcels each year, Amazon said, with the bikes and walkers replacing vans on the road. “Our new e-cargo bikes, walkers and growing electric ... Read more ›
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One in three businesses are looking into investing in automation as a top priority as staff shortages continue to slow company activity, according to a new study. The survey, conducted by retail bank HSBC, found that 40% of UK companies had negative feelings about the level of recruitment and staff. “The research shows that infamous ... Read more ›
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16.06.2026 20:46
Last update: 20:40 EDT.
News rating updated: 03:40.
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