Twitter has a bot problem. At least, it does according to Elon Musk, the billionaire entrepreneur in the midst of a $44bn ($35bn) takeover of the social media platform. Musk has said that if his bid is successful he will “authenticate all real humans”. A London-based startup, called Better Social Media, is building a social ... Read more ›
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Vertice, a startup that manages businesses’ software renewals, has emerged from stealth following a $26m (£20.8m) Series A round led by 83North and Bessemer Venture Partners. London-headquartered Vertice will use the funds for growth, hiring in the engineering and commercial departments and for platform development. Vertice’s platform analyses the software as a service (SaaS) that ... Read more ›
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Children’s bike and scooter subscription service Bike Club has raised £16.75m in a Series B funding round led by Circularity Capital, with the funds to fuel national and European expansion. Bike Club has plans to move to France and Germany in the next one to two years. It currently has a network of 40,000 bikes ... Read more ›
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Swedish fintech giant Klarna is reportedly seeking a new round of funding that would lower its valuation to around $30bn, a significant decrease from the firm’s previous public valuation of $45.6bn, according to a report by The Wall Street Journal. The firm is Europe’s most valuable private fintech, but the proposed down round would put ... Read more ›
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There is no manual for starting your own tech business. But there are many inspirational entrepreneurs forging their own paths to drive tech innovation in the UK. Victoria Edwards, co-founder and CEO of FIDO Tech, is a shining example of the diverse range of backgrounds leading our tech sector. Edwards is a former concert pianist ... Read more ›
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University spinout investment company Northern Gritstone has raised £215m in funding, backed by local pension funds, to invest in British startups. Formed as a joint spinout from three northern universities – Leeds, Manchester, and Sheffield – Northern Gritstone received the funds from the West Yorkshire Pension Fund and the Greater Manchester Pension Fund. Other backers ... Read more ›
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Sachin Raoul is the co-founder of Blueheart, a digital sex therapy app aiming to put relationship health on the public health agenda. The London-headquartered company’s app, which uses “smart algorithms” to create bespoke relationship therapy, has been used by 50,000 couples across more than 150 countries Raoul launched the Blueheart in 2020 after struggling with ... Read more ›
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A fully developed metaverse could be as much as 15 years away, according to a new document written by former Deputy-Prime Minister Nick Clegg, now president of global affairs at Meta. The nearly 8,000-word meta manifesto, published on Medium, outlines the company’s vision for the future of the largely ill-defined and nascent metaverse. Those excited ... Read more ›
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Former US Vice President Al Gore’s Generation Investment Management has launched a $1.7bn (£1.3bn) fund to invest in private sustainability companies. Generation’s Fund IV is its largest fund to date and will see the firm invest between $50m to $150m in “high growth” businesses. Specifically, it is investing in sustainable and environmental, social and governance ... Read more ›
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London-based Seraphim Space Camp, a VC-led accelerator for global space tech startups, has revealed the crew members of its latest programme, Mission 9. Onboard the 11-week programme seven companies will develop relationships with space corporates and agencies and receive support to attract investment. Out of the seven space tech companies selected, four are UK based. ... Read more ›
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The billionaire co-founder and CEO of fintech giant Revolut, Nikolay Storonsky, is launching a new venture fund called the Quantum Light Capital Fund. Storonsky, along with several other investors, will be putting in around $200m (£161m) into the new fund, which has been described as powered by artificial intelligence (AI). With a total amount raised ... Read more ›
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London-based venture capital (VC) firms have come out on top for their ability to spot and invest in technology unicorns at an early stage across Europe, the Middle East and Africa. In an industry often dominated by the US, London-headquartered VC firm LocalGlobe has been identified as the VC backing the most startups at the ... Read more ›
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London-based fintech Thought Machine has doubled its valuation to $2.7bn (£2.2bn) after a $160m funding round featuring institutional investor Morgan Stanley. The Series D round was led by Singaporean investor Temasek, with Italian bank Intesa Sanpaolo and Morgan Stanley participating. Lloyds TSB Group also provided capital. Founded in 2014, Thought Machine is a cloud-based banking ... Read more ›
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Argo Blockchain and other companies specialising in cryptoasset technology are seeing their shares suffer downturns following the recent drop in the value of the global cryptocurrency market. Virtually every major crypto token has fallen in value in a market-wide event dubbed “the cryptocrash”. The most popular cryptocurrencies, Bitcoin and Ethereum, have dropped to pre-2021 values ... Read more ›
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The latest UKTN Podcast is out now. This week’s guest is Brad Goodall, the co-founder and CEO of fintech company Banked. Founded in 2018, Banked provides software that lets consumers make payments without entering bank details. The London-headquartered company provides the open banking infrastructure that connects merchant banks and consumer banks, allowing customers to pay using a ... Read more ›
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Embedded payments platform Modulr has announced £83m in Series C funding led by General Atlantic. The fintech’s customers include Revolut, Wagestream, Sage and BrightPay, processing an annualised transaction value in excess of £100bn. The fintech will use the funds for growing coverage in existing and new market verticals in the UK and Europe. It will ... Read more ›
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Legl, a startup providing software as a service for law firms has closed an $18m (£14.5m) Series B funding round led by existing investor Octopus Ventures. Founded in 2019, Legl works with law firms looking to digitize the workflow processes and automate certain areas including client onboarding, payments and compliance. The new funds will go ... Read more ›
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Manchester-based venture capital firm Praetura Ventures has closed its latest investment round, bringing the total raised by its enterprise investment scheme (EIS) fund to £100m since the first fund’s launch back in 2019. Now the VC wants to invest approximately £15m in 10-15 tech and life science companies within the next six months. The funds ... Read more ›
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Mastercard’s biometric payment method that allows shoppers to pay with a smile could be coming to the UK soon, according to a company spokesperson. The credit card giant believes the next step in cashless payments will remove the need for contactless cards and mobile phone payments. “The next generation of in-person payments will only need ... Read more ›
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AI tech firm Kaizan has raised $1.2m in a pre-seed funding round led by Jigsaw to further the development of its client intelligence platform. Self-described as the “Siri for client success teams”, Kaizan’s AI platform provides tools to client support teams who are increasingly interacting with clients exclusively digitally. Kaizan claims that by using its ... Read more ›
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19.06.2026 09:53
Last update: 09:46 EDT.
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