Commercial electric vehicle maker Arrival has appointed Mandeep Bajwa as its chief human resources officer to oversee HR across the company’s distributed micro-factories. Shared exclusively with UKTN, Bajwa joins from Gett, a ground transportation management platform, where she held the role of chief people officer. Bajwa will join Arrival later this month. She has also previously ... Read more ›
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London-based Raylo has raised £6.5m for its tech subscription payment platform in a funding round led by Wayra UK. Raylo offers an alternative way to purchase tech hardware. Consumers lease new and refurbished devices like phones and laptops from the company, paying a monthly fee for the length of the contract. Customers can then either ... Read more ›
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Although VC activity remained strong in the UK during the first quarter of 2022, the same cannot be said everywhere else. Recent data from Pitchbook and the National Venture Capital Association shows that the total value of equity deals in the US in the first quarter of 2022 was lower than in any quarter in 2021. ... Read more ›
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Ask a child what they want to be when they’re older and you’ll receive some pretty outlandish answers. A couple of generations ago, the response might have been a nurse, a train driver or, even more adventurously, an astronaut. Times change. The children of today are more likely to have their sights on being a ... Read more ›
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Capital Pilot has launched its first £5m fund to make automated equity investments into UK startups with high-growth potential. The investment ratings agency uses automation to assess the business model and team of a prospective startup. It combines this with human analysis and identifies flaws to be fixed at early-stage startups, before deciding whether it’s ... Read more ›
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London fintech Currensea has raised £1.35m in capital on the crowdfunding platform Seedrs within the first two hours of it going live, exceeding its target of £1m. Out of the 350 Currensea crowdfunding investors, nearly half are current users of the platform. “There has been phenomenal demand amongst investors, clearly demonstrating the scalability and need ... Read more ›
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UK fintech GoCardless has announced the acquisition of Latvian open banking firm Nordigen, which claims to have the widest open banking connectivity in Europe. GoCardless has not disclosed the acquisition fee, however, Nordigen is estimated by Dealroom to be valued at $9m to $14m. Nordigen provides access to open banking data through a freemium model. ... Read more ›
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Holly Health has raised £1.4m for its digital health coach app and has partnered with charity Age UK to promote healthy ageing. London-based Holly Health is a behavioural change app that helps with issues such as stress, wellbeing, sleep and weight management. The application uses artificial intelligence (AI) to provide a tailored service. Its latest ... Read more ›
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The CEO of London-headquartered fintech Revolut has criticised the approach of UK financial regulation, saying the current “principle-driven” style of regulators is hurting the industry. Nikolay Storonsky, speaking at the CityUK summit, said that while his firm initially admired the “innovative regulatory regime” present in the UK, recent tensions with compliance teams and regulators have ... Read more ›
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Shamus Rae is co-founder and CEO of Engine B, a digital technology company that has developed artificial intelligence (AI)-based tools for auditors. Founded in 2019 by Rae and Donne Burrows, Engine B’s software aims to standardise client data in professional services. The London-headquartered company has raised £3.5m in funding, with £1.7m of that coming from ... Read more ›
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The government has announced a £19.5m interim compensation package for the postmasters that were involved in uncovering the Post Office Horizon scandal. Horizon accounting software was installed by the Post Office in the late 90s and managed by Fujitsu. However, technical faults meant the software incorrectly showed accounting shortfalls. This led to more than 700 ... Read more ›
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Sportlight, a tech startup that provides player performance data to professional football teams, has raised £4m from investors including the owner of Southampton FC. Oxfordshire-based Sportlight tracks athletes’ performances and supplies analytics to clients, including Premier League football clubs, to give them a better understanding of players and their abilities. The startup uses LiDAR (Light ... Read more ›
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PRODA has closed $8m (£6.6m) in its Series A funding round to continue developing its proptech platform, which is used by commercial property industry professionals to help make decisions in real estate deals. The company’s software as a service (SaaS) solution uses machine learning to capture and standardise rent roll data, a metric used by ... Read more ›
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Data analytics platform company Black Swan Data has closed an $18.5m (£15.2m) growth fundraise, which will be used to bring new features to its software Trendscope and further US expansion. Trendscope uses artificial intelligence (AI) to analyse “millions” of online data points to predict consumer behaviour. Its software is used by big companies such as Kraft ... Read more ›
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Distributed, a platform that gives companies access to a pool of freelance software developers, has secured £8m in fresh funding in a follow-on round led by Downing Ventures and Guinness Ventures. Founded in 2017, Distributed matches software developers who want the flexibility of working freelance with larger enterprises seeking teams of engineers to work on ... Read more ›
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London-based buy now, pay later (BNPL) company Zilch has raised an additional $50m (£41.2m) in an extension to its Series C funding, bringing the total amount raised in the round to $160m. “This extension is a great endorsement of our unique model as well as our investors’ belief in our ability to deliver on our ... Read more ›
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Cheshire-based seed-stage investment firm SFC Capital has received a further £5m commitment from British Business Investments (BBI), as part of its Regional Angels programme. Through the programme, BBI wants to reduce “regional imbalances” in UK small business financing. Its investment follows on from an earlier £10m commitment in 2020. SFC Capital plans to use the ... Read more ›
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It’s been a fortnight since London Tech Week offered an exhilarating glimpse into the future of UK tech and the capital’s place at the heart of the sector’s growth. The week kicked off with the Global Leader’s Innovation Summit, which brought together policymakers, sector leaders, entrepreneurs and investors to discuss the challenges facing tech – ... Read more ›
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London-headquartered truck maker Tevva has unveiled its first hydrogen-electric truck, which has a range of 310 miles (499 km). According to the company, the truck will be the first vehicle of its kind to be manufactured, designed and mass-produced in the UK. The 7.5 tonne truck, to be unveiled today at the Road Transport Expo ... Read more ›
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London-based cybersecurity company Torsion Information Security has raised £1.1m in equity funding to roll out its software for businesses to monitor who has access to cloud-based documents. The pre-Series A funding round was co-led by Bayes Entrepreneurship Fund, Juno Capital and The FSE Group. It also attracted investment from several Cambridge angel networks. Torsion told ... Read more ›
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16.06.2026 22:04
Last update: 21:40 EDT.
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