Mental health staff at King’s College Hospital NHS Foundation Trust and Health Education England are amongst those who are taking part in a virtual reality (VR) pilot that uses the technology for diversity and inclusion training. The VR technology comes from researchers at London-based Maudsley Learning and Maudsley NHS Foundation Trust, partnering with Bristol-based immersive ... Read more ›
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The UK’s Ministry of Defence (MoD) has ordered its first quantum computer from London-based ORCA Computing. The two-year-old company has also announced the completion of its $15m (£11.9m) Series A funding round. ORCA’s PT-1 quantum computer will be used by the MoD on-site to develop use cases for the technology as part of a one ... Read more ›
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Ofri Ben-Porat is the CEO and co-founder of Edgify, a company that develops artificial intelligence (AI) technology for self-service checkouts. The retail technology startup’s solutions include product recognition and fraud detection. Founded in 2015, the London-headquartered startup has raised $6.5m in seed funding. In this week’s Founder in Five Q&A, Ben-Porat talks about being a deeptech ... Read more ›
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Bud, an open banking fintech startup used by the likes of HSBC and Credit Karma, has banked $80m (£63.8m) in a Series B funding round. Bud said it will use the capital to continue developing its platform, which uses artificial intelligence (AI) to let financial organisations offer customised products and automate lending decisions. It will ... Read more ›
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UK-based Founders Forum Group has taken a “significant” minority stake in tech-focused law firm Chronos Law to provide legal services to its entrepreneur network. As part of the investment, Chronos will rebrand to Founders Law but will operate as an independent business. The move is aimed at providing legal services to high-growth tech scaleups in ... Read more ›
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Edinburgh-based rocket company Skyrora has appointed a former SpaceX executive as its chief operations officer. During his time as VP of mission and launch operations, as well as customer operations and integration at the US space company, Lee Rosen was involved in over 150 missions. Notably, this included the first astronaut launch from US soil ... Read more ›
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Multiverse, the apprenticeship startup founded by Euan Blair, son of former British prime minister Tony Blair, has become the UK’s first edtech unicorn after its latest funding round gave it a $1.7bn (£1.36bn) valuation. London-based Multiverse said it will use the proceeds of its $220m (£175.9m) Series D round to “accelerate” its US expansion, where ... Read more ›
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Automaker Jaguar Land Rover is integrating what3words’ mapping technology into all new vehicles to help drivers navigate even when they don’t have a GPS or mobile data connection. London-headquartered what3words is mapping software that has labelled every 3m by 3m square of the planet with a unique combination of three words, such as “decorate.harmonica.aware” – ... Read more ›
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London-based VC firm Felix Capital has launched a $600m (£478m) fund to invest in 20 to 25 European and North American early-stage companies focusing on Web3 and sustainability. Founded in 2015, Felix’s fourth fundraise brings its total funds under management to $1.2bn (£957m). The oversubscribed raise, which exceeded its goal of $500m (£399m), will see ... Read more ›
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Online car marketplace Cazoo is cutting 15% of jobs and slowing down short-term growth plans as part of a restructuring plan aimed at reducing costs by £200m. The “business realignment plan” will see UK-founded Cazoo axe 750 jobs in Britain and across Europe. Cazoo founder and CEO Alex Chesterman said the restructuring was necessary because ... Read more ›
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Food industry management software company Fresho has raised £8m to continue expanding in the UK and the US. Fresho is an online B2B marketplace for businesses in the food industry. It lets purchasers see live prices and display orders for merchants on a dashboard. The firm wants to address wastage and make food supply chains ... Read more ›
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The UK’s tech industry is booming. While other sectors have struggled since the Covid-19 pandemic, many tech startups are thriving – and it’s not hard to see why. In recent years, UK tech companies have attracted huge investments. According to government figures, £29.4bn was invested into UK tech in 2021 alone. That is a 2.3x ... Read more ›
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Vehicle leasing and comparison site Moneyshake has received a £1m investment from NPIF Maven Equity Finance. Moneyshake lets users compare lease deals and personal contract purchase (PCP) financing on its website through partnerships with finance businesses. “This exciting, customer-centric business is a great addition to the Maven and NPIF portfolio. The business has great future ... Read more ›
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Challenger bank Zopa is joining the increasingly crowded buy now pay later (BNPL) market, allowing consumers to split up payments from £250 up to £30,000. Zopa said it will run checks and affordability tests for all users before offering credit. The London-based company added that it will share data with credit rating agencies to give ... Read more ›
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Banking as a service provider LHV UK has raised £30m to fund the creation of a new British bank. The funds came through an oversubscribed rights issue organised by parent company LHV Group, which is headquartered in Tallinn, Estonia, and is listed on the Nasdaq Baltic. It is LHV’s latest step towards creating a new ... Read more ›
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Fintech company Liberis has partnered with Barclaycard, the credit card division of highstreet bank Barclays, to offer SMEs personal revenue-based financing. London-based Liberis is an embedded financing platform used by businesses to incorporate financial services into their own products. Liberis will provide the underlying technology for Barclaycard Business Cash Advance, a financing product that provides ... Read more ›
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London-headquartered fitness events platform Let’s Do This, which helps users find running, triathlon, cycling and obstacle experiences, has raised $60m (£48m). The Series B round was led by Craft Ventures and Headline. It also drew capital from Morpheus Ventures and existing investors EQT, NFX and Y Combinator. The endurance events platform has previously attracted investment ... Read more ›
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British cybersecurity company CybSafe has raised $28m (£22.4m) for its platform that uses behavioural science to provide tailored security awareness training for employees. The London-headquartered firm’s technology is used by financial powerhouses such as Barclays Bank, Credit Suisse and HSBC. The company will use the capital injection to hire more behavioural scientists, data scientists and ... Read more ›
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The Post Office and digital identity verification company Yoti have become the first government-approved digital ID providers, allowing UK citizens to prove their identities with an app instead of physical documents when applying for a job or renting a property. Legislation paving the way for employers and landlords to use certified digital identity providers to ... Read more ›
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Bilbao, Spain-based venture capital firm All Iron Ventures has launched a €30m (£25.6m) “fund of funds” to invest in European fund managers. Through its AIV Bilbao FDF I fund, All Iron Ventures has so far backed VC firms including Hoxton Ventures, Left Lane Capital, Speedinvest, Crane Venture Partners and Firstminute Capital. “With the launch of ... Read more ›
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19.06.2026 06:29
Last update: 06:20 EDT.
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