Staffordshire-based ecommerce platform Moot has raised $18m (£13.8m), led by Espresso Capital, for its online sales unification service. Moot’s platform allows companies to manage sales across different channels in a single place. It was founded in 2019 by ecommerce brand owners who had struggled to scale with the limited technology services provided by the likes ... Read more ›
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FLOWN, a platform supporting hybrid offices, has raised £2.5m in seed funding for its virtual business environment. Described by lead investor Pi Labs’ head Hugo Silva as “taking the playbook of Peloton and applying it to a workspace”, FLOWN is a startup addressing the problems some employees faced after the pandemic ushered in the age ... Read more ›
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Episode seven of the UKTN Podcast is out now. This week’s guest is Asha Haji, co-founder of on-demand business school Framework, which provides lifelong learning for employees as their company scales. During the show, Haji explains why the skills needed for an early-stage startup are often completely different to one that has scaled to a much ... Read more ›
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The Joy Club, an online community platform tackling loneliness among retirees, has raised £1.1m in a funding round from VC firms and several notable angel investors, including Google Maps co-founder Lars Rasmussen. Co-designed by a team of retirees, the Joy Club aims to tackle an epidemic of loneliness among elderly people. The Campaign to End ... Read more ›
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London is one of the world’s great cities, and it reigned supreme as the top European city in the fDi x TNW Tech Cities of the Future 2021, beating out close competitors Paris and Dublin. It’s no surprise then that employees and employers flock to the capital. Long established as a financial centre, the city ... Read more ›
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The government will launch a Digital Growth Grant of “up to” £12.09m to “boost the growth” of technology startups in the UK. The Digital Growth Grant will focus on skills training and advice, as well as providing support services to the digital and tech sectors over the next two years. The competition will run this ... Read more ›
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London-based investment firm D2 has launched a $20m (£15.3m) fund to offer startups an alternative route to funding than the traditional venture capital funding process. In addition to straight equity funding, D2 is offering a hybrid financing option for startups using what they call a flexible hero (hybrid equity or revenue option). This option allows ... Read more ›
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German multinational engineering company Bosch has acquired self-driving software company Five AI for an undisclosed amount. Cambridge-headquartered Five AI builds self-driving software components and development platforms to combat the biggest problems in the self-driving car space. It currently focuses on its modular cloud platform for system development and assurance for self-driving software. This gives engineers ... Read more ›
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Digital financing platform Stenn has completed a $50m (£38.4m) equity funding round from a single investor, the US firm Centerbridge. The Series A round has given the fintech a valuation of $900m (£691m). London-based Stenn provides invoice financing to small and medium-sized enterprises (SMEs). It uses data and tailored algorithms to analyse credit, fraud, and ... Read more ›
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Proptech investment platform IMMO has closed $75m (£57.5m) in a Series B funding round led by Oak HC/FT. IMMO will use the capital to purchase 10,000 homes across Europe backed by $2.5bn (£1.91bn) in commitments from leading institutional investors. It will also fund talent acquisition in technology and operations in all offices. The London-headquartered company’s ... Read more ›
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Electric four-wheel drive manufacturer Munro Vehicles has raised a £750,000 pre-seed investment from Elbow Beach Capital. Munro will use the pre-seed funds to hire key personnel, develop its order book, expand its sales network and continue developing its prototype vehicle. Munro is making the first fully electric 4×4 vehicle designed and built in the UK. ... Read more ›
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The amount of money raised through initial public offerings (IPOs) via the London Stock Exchange in the first three months of 2022 has plummeted compared to last year. Data compiled by accountancy firm EY showed that between January and March this year, a total of £397m was raised across the London market. For the same ... Read more ›
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Motoring fintech Carmoola has raised £27m in a seed round, including capital from Jaguar Land Rover’s investment fund. London-based Carmoola will use the seed round investment to develop its product and launch the initial stages of the business, which provides an automated finance check for purchasing a car. Its motoring finance app lets users find ... Read more ›
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Digital healthcare startup GripAble has raised $11m (£8.4m) in a Series A funding round led by IP Group and Parkwalk Advisors. London-based GripAble provides rehabilitation programmes for patients with both neurological and musculoskeletal conditions. The startup provides digital, personalised therapy for use both in hospitals and at home and is focused on upper limb rehabilitation. ... Read more ›
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Regulatory Genome Development, a University of Cambridge spinout, has completed a seed funding round of $6m (£4.6m) led by Evolution Equity Partners. RegGenome uses machine learning to sequence regulatory content and turn it into a structured, machine-readable format that can be accessed via a data repository. The aim is to give regulatory authorities and businesses ... Read more ›
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The co-founder and CEO of Weavr has said the embedded finance company isn’t competing directly with banking as a service firms and instead plans to “increase the size of the cake”. Weavr CEO Alex Mifsud told UKTN: “We’re not suggesting that we are going to go and eat the lunch of the bank as a ... Read more ›
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Broadband infrastructure provider Netomnia and ISP YouFibre have secured £295m in funding to roll out a “multi-gigabit” broadband network across the UK. The funding was led by DigitalBridge Investment Management, with additional capital provided by previous investors Soho Square Capital LLP and Advencap Limited. Founded in 2019, Netomnia is building full-fibre infrastructure to deliver broadband ... Read more ›
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Gaming technology company Improbable has raised $150m (£115m) to build a metaverse network and ecosystem that lets organisations create their own virtual worlds and Web3 businesses. Improbable’s metaverse network, M², will provide interoperability between existing blockchains. Founded in 2012, Improbable is a London-headquartered company that partners with game developers, entertainment companies, defence organisations and academia ... Read more ›
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The head of the Financial Conduct Authority (FCA) has warned Meta that it must take greater action to combat investment scam ads on its social media platform Facebook. FCA head Nikhil Rathi called out both Meta and Twitter for allowing unregulated investment scam adverts to be shown to users on social media, increasing the risk ... Read more ›
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A government minister has confirmed that a security review into the sale of a British semiconductor firm to a Chinese company is “taking place”. Last year Nexperia, understood to be owned by a company backed by the Chinese government, announced it was acquiring Welsh semiconductor factory Newport Wafer Fab. The strategic importance of semiconductors and ... Read more ›
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21.06.2026 08:58
Last update: 08:50 EDT.
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