Twig Group, a London-based circular economy fintech company, has acquired mobile phone recommerce firm Mobi Market in a deal valued at more than $10m (£8m). The deal, shared exclusively with UKTN, will bolster the circular economy options available via Twig’s ecosystem. Launched in 2020, Twig provides an e-money account that lets users sell pre-owned fashion items ... Read more ›
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Web3 and decentralised finance (DeFi) startup Argent has raised $40m (£32m) in its Series B funding round led by Fabric Ventures and Metaplanet. The London-based company will use the capital injection for product development and hiring. Argent is also planning to expand internationally, first into Mexico and then South America. Argent’s goal is to build ... Read more ›
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The latest UKTN Podcast is out now. This week’s guest is Matthew Prior, CEO and co-founder of TrustedHouseSitters, a pet-sitting network. Launched in 2010, the Brighton-headquartered company has created a community platform that matches up pet owners going on holiday with pet sitters who want to look after a furry companion. “Increasingly, the idea that people ... Read more ›
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Arbolus, a startup using artificial intelligence (AI) to digitise offline data so that it is easily searchable by businesses, has raised $15m (£12m) in a Series A funding round. The London-headquartered company will use the fresh capital for product development and meet growing customer demand. Founded in 2018, Arbolus uses machine learning and natural language ... Read more ›
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London became the home of more than 18,000 new tech startups in 2021, a 94% increase from 2020 that puts the UK capital at the top of European cities for new tech incorporations. The figures come from tax and consulting firm RSM UK, which analysed the UK government registrar to find an increase from 9,572 ... Read more ›
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The head of the UK’s technology watchdog has warned that the Online Safety Bill could hurt small businesses by hitting them with additional costs. Gill Whitehead, chief executive of the Digital Regulation Cooperation Forum (DRCF) – a tech regulator formed in 2020 as a joint venture of the CMA, ICO and Ofcom – said that ... Read more ›
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Silicon Valley-headquartered investor Plug and Play has launched in the UK, partnering with Jaguar Land Rover and BT Group. Innovation platform and early-stage investor Plug and Play will make up to 30 investments each year into UK early-stage startups. Through its partnerships with Jaguar Land Rover and BT Group, Plug and Play will run innovation ... Read more ›
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Communications platform as a service (CPaaS) is currently one of the most exciting opportunities in the cloud communications space. With businesses increasingly turning to the technology to drive customer experience (CX) transformation and streamline operations, Juniper Research forecasts that the CPaaS industry will generate more than $34 bn in sales by 2026. This remarkable growth ... Read more ›
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Compensation analytics platform Ravio has emerged from stealth with a $10m (£7.9m) seed round led by Northzone. The firm is currently hiring for 15 jobs and wants to strengthen its management team. To begin Ravio is onboarding customers from Europe, with an initial focus on the UK and Germany. Ravio is an analytic platform that ... Read more ›
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Web3 game studio Playmint has raised $4m (£3.1m) in a seed round led by BITKRAFT Ventures. The Brighton-based game developer will use the capital for scaling its team of artists, game designers, and engineers. This will help it release new chapters every month for its game “The Crypt”. Playmint is building games using blockchain and ... Read more ›
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Congratulations! Not only because, you know, you’ve had a child (or, at the very least, preparing for one, which is a major milestone in itself), but also because you’re part of the tech industry. You have the critical skills that businesses want and need, now more than ever. The past year has accelerated digital transformation ... Read more ›
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Pharmacy delivery service PillSorted has raised $6m (£4.7m) in seed funding. Founded in 2019 by pharmacist Zeinab Ardeshir and Mohammad Mohaghegh, PillSorted will use the capital injection for product development, growing its service in London and across the rest of the UK. A new trial will see the service extended to supporting care workers. London-based ... Read more ›
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The chief executive of the UK’s financial watchdog has outlined the challenges of regulating cryptocurrency across international borders and warned that rejected firms can still reach UK customers “from offshore”. “As we have consistently warned, if you invest in crypto, you need to be prepared to lose all your money,” said Financial Conduct Authority (FCA) ... Read more ›
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UK companies attracted 18% of Europe’s cleantech investment amid a record year of funding for the sector, according to new data. The report, compiled by IP and R&D tax credit firm GovGrant, shows that last year investors poured £134bn into cleantech firms across Europe. That’s up by 4.4% from the previous record year, 2018. Over ... Read more ›
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London-listed medtech firm Sensyne Health is set to fire two-thirds of its employees as difficulties for the company continue to pile up. Newly appointed chief executive Alex Snow informed staff yesterday that as many as 80 jobs would be cut, as reported by Sky News. Snow took over at Sensyne Health last month, at a ... Read more ›
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Motion design platform LottieLab has secured $4m (£3.1m) in its seed funding round led by Point Nine. London-based LottieLab will use the fresh capital to triple its headcount over the next year, predominantly on the product development team. Founders Andrew Ologunebi and Alistair Thomson created LottieLab after becoming frustrated by the limitations of the GIF ... Read more ›
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The UK is a nation of inventors. From the telephone to light bulbs, cats’ eyes and most recently vaccine development, innovation is in our DNA. We can look back on a strong track record of changing the world by disrupting the status quo. Looking ahead to the challenges facing the world during the recovery from ... Read more ›
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Medech startup Epitopea has raised $13.6m (£10.3m) in seed funding from a transatlantic syndicate including Advent Life Sciences, CTI Life Sciences, Cambridge Innovation Capital (CIC) and Fonds de solidarité FTQ. Epitopea will use the seed investment to build its executive team, further research on tumour specific antigens and catalyse their translation into novel cancer immunotherapeutics. ... Read more ›
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Employee benefits marketplace Juno has raised $4m (£3.1m) in its latest funding round led by Hoxton Ventures. Juno will use the new capital to refine its product, physical debit cards and integrated marketplace, to create additional services and for further expansion. Juno’s marketplace lets employees choose what benefits they receive using credits issued by their ... Read more ›
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British multinational banking and financial services company Standard Chartered has become the latest major corporation to embrace the metaverse by purchasing a virtual plot of land. A Hong Kong-based subsidiary of the London finance firm has acquired virtual property in a district in The Sandbox, a decentralised metaverse platform, known as Mega City. The move ... Read more ›
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21.06.2026 04:58
Last update: 04:45 EDT.
News rating updated: 11:50.
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