Oxford-based semiconductor company Salience Labs has raised $11.5m (£9.4m) in a seed round to develop a new high-speed multi-chip processor to accelerate advances in AI. The funding round was led by Cambridge Innovation Capital and Oxford University’s venture capital partner Oxford Science Enterprises. Other participants include Oxford Information Consultants, ex-Dialog Semiconductor CEO Jalal Bagherli, Silicon ... Read more ›
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Richard Dana is the co-founder of Tembo, a family-focused digital mortgage broker. The London-headquartered company’s platform advises buyers who are failing traditional affordability tests to work out how to buy their first home. It also provides lending services to increase deposit sizes, including equity loans. Tembo was born out of the Founders Factory accelerator programme ... Read more ›
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SaaS platform Gain.pro which provides investment insights to private firms has raised $10m (£8.1m) in its latest funding round. The new capital has come from previous investors, industry leaders, an investment arm of a European family office, the founders, the management team and employees. Gain.pro will use the funding to grow its coverage of private ... Read more ›
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The Ethos Network, a new social media platform focussing on establishing a community of young activists has announced the closure of a seed funding round of £1.5m. London-based Ethos was founded in 2020 by 21-year-old former Oxford student Alejandra de Brunner, Ethos was inspired by both the current state of economic and political unrest and ... Read more ›
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The Royal Mail has unveiled its plans to take to the skies in a new partnership with Windracers Group for more than 50 new postal drone delivery routes supported by 200 drones in the next three years. The first to receive their post by drone would be the Isles of Scilly, Shetland Islands, Orkney Islands ... Read more ›
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London-based cryptocurrency startup BVNK has closed a $40m (£32.8m) funding round at a $340m (£262m) valuation. The Series A round was led by Tiger Global, with participation from the Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, Base Capital and a host of angel investors. Tiger Global led the round, despite reports earlier this week that ... Read more ›
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Women make up 50% of the population, yet the world around them is often designed for men. Whether it’s medical technology, transportation or consumer gadgets, women are too frequently an afterthought. But with femtech – or female technology – the focus is 100% on creating tech-enabled products and services designed specifically for women. Femtech startups ... Read more ›
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The UK tech industry is in a healthy position. Against the headwinds that have slowed the growth of most other sectors – the Covid-19 pandemic slowing productivity, intersected global markets driving hyper-competition, and a shortage of skilled workers – UK-based tech continues to grow at pace. UK tech has now surpassed a $1tn valuation, becoming ... Read more ›
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There are many careers that have a path clearly mapped out. Starting your own tech business isn’t one of them.   Nicole Lowe, head of KPMG’s Emerging Giants Centre of Excellence in the UK, meets two tech founders and finalists in KPMG’s 2021 Tech Innovator competition, to get their startup advice for growing a successful ... Read more ›
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The latest UKTN Podcast is out now. This week’s guest is Sho Sugihara, co-founder and CEO of Pave, a fintech company that helps people improve their credit score. The London-headquartered company provides a free service that connects with users’ bank accounts to scan for recurring subscriptions and bills. Its app then provides alerts to encourage repayments. ... Read more ›
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London-based Fasanara Capital has launched a $350m (£283m) fund for investing in early-stage fintech and cryptocurrency startups. Launched in 2011, Fasanara Capital is a hedge fund that has more than $3.5bn (£2.8bn) in assets under management. It looks to invest in new technology that is sustainable, scalable and backed by data. “The European asset management ... Read more ›
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London is the top destination for US tech firms expanding internationally and has drawn more tech investment projects from America in the last five years than any other global city. New data shows the UK capital has attracted 251 tech investment projects that have created almost 9,000 new jobs, surpassing cities such as Singapore (154 ... Read more ›
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The Queen’s Speech, which outlines the legislation and policy goals of the government for the next year, has covered a wide range of topics from Brexit to energy to tech. Delivered for the first time by Prince Charles due to the Queen facing ongoing mobility issues, the speech covered a mixture of bills and pledges ... Read more ›
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London-based cleantech firm Carbon Clean has received a $150m (£121m) funding boost, a record figure for a carbon capture company investment. The Series C round for the UK climate company was led by US oil giant Chevron, along with a series of big-name backers, including Samsung Ventures, Saudi Aramco Energy Ventures, and AXA Investment Managers. ... Read more ›
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Corporate mentoring platform Guider has raised $3m (£2.4m) in seed investment from Fuel Ventures. Founded in 2017, Guider is a mentoring platform aimed at helping large companies improve employee retention, staff wellbeing, diversity and inclusion and personal development. Employees at companies such as M&S, Deloitte and The Guardian can also use Guider for sponsorship, buddying ... Read more ›
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When searching for a new job, there are a few key things that you need to consider. Do you want to work remotely? Do you prefer a startup or corporate environment? And, how much compensation do you have in mind? Of course, salary isn’t everything. Sometimes you can be won over by perks, equity, or ... Read more ›
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Lollipop, an online food shopping assistant, has raised £5m in a seed round led by Octopus Ventures. Lollipop will use the capital to continue developing its platform, which lets online food shoppers plan meals and automatically add the necessary ingredients to baskets. The London-headquartered startup has partnered with British supermarket Sainsbury’s. Its platform, which is ... Read more ›
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British software firm Ideagen has agreed to a £1.09bn takeover by London-based private equity firm Hg Capital. Nottingham-based Ideagen provides companies with business and risk management software. Some of the clients served by Ideagen include British Airways, Heineken, and the Bank of New York. The company has described its service to clients as helping “reduce ... Read more ›
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Payments provider Paddle has raised $200m (£162.2m) in a Series D funding round at a valuation of $1.4bn, making it the UK’s latest fintech unicorn. The London-headquartered company will use the extra capital to continue the growth of the platform, which payment infrastructure for software as a service (SaaS) businesses. Its services include payment routing, ... Read more ›
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The UK’s financial regulator has reaffirmed its position on buy now pay later (BNPL) products as it prepares to clamp down on the fast-growing sector with regulation. A spokesperson from the Financial Conduct Authority (FCA) said that soaring inflation in the UK showed how important it is to act quickly and regulate BNPL. “The rising ... Read more ›
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19.06.2026 11:26
Last update: 11:20 EDT.
News rating updated: 18:22.
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