The UK’s recently appointed information commissioner has said he intends to put consumers’ rights to algorithmic transparency above the intellectual property (IP) concerns of companies. Information commissioner John Edwards said in an interview with Sky News that he is “very much in favour of algorithmic transparency”. It comes as the UK government has proposed loosening ... Read more ›
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Ecommerce company The Mothership has secured £16.7m of funding from a series of private entrepreneur investors. The London-based company buys up independent ecommerce firms and sellers on online marketplaces such as Amazon and brings them onto the ‘Mothership’. By centralising these independent sellers, Mothership creates a large network of online sales to boost the reach ... Read more ›
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There’s been a lot of optimism around increasing the number of women in business in recent years. Particularly in the tech industry, where initiatives like Women in Technology aim to get an increasing number of women into STEM by offering career advice and guidance. However, a recent survey revealed some stark findings about women in technology roles. When asked ... Read more ›
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UK technology leaders and entrepreneurs have called for more “concrete” support from the government following the Chancellor’s Spring Statement. Chancellor Rishi Sunak delivered his Spring Statement on Wednesday afternoon, outlining his plans to support the UK economy amid soaring inflation, the cost of living crisis and slowing growth. The focus of the statement was largely ... Read more ›
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The number of jobs in London’s green sector is expected to more than double by the end of the decade and continue to quickly grow thereafter, according to data from Central London forward and WPI Economics. The report, which was originally shared with City A.M., predicts that London will see an increase in the number ... Read more ›
3
Personalised workplace mental health startup Oliva has raised £4.84m in a seed funding round. Founded in 2020, Oliva says it is the answer to the “wave of pseudo-scientific practices and half-baked, unproven solutions” that have sprung up with the rise of online mental healthcare. The London-based startup provides bespoke support to employees for dealing with ... Read more ›
3
London-based esports advertising startup Aggero has raised $2m (£1.5m) in a seed funding round led by LAUNCHub Ventures. The company operates within the professional gaming industry, connecting brands and advertisers to leading figures in esports and video game streaming. The new funds will support Aggero’s scaling goals of international expansion, as well as its R&D ... Read more ›
2
London-based startup Climate X has completed a £4.1m seed funding round, led by CommerzVentures and A/O PropTech. Climate X, which has created a platform showing the risk posed by extreme weather events to physical assets, will use the funding to expand its product offering and scale to meet growing customer demand. The tech firm projects ... Read more ›
2
Workspace software as a service provider Omnipresent has closed a ($120m) £90.7m Series B funding round in a sign of continuing investor interest in remote working tools. The latest round was led by Swedish investment firm Kinnevik and Chinese tech giant Tencent. San Francisco-based Uncorrelated Ventures also participated. Founded in 2019, Omnipresent provides a platform ... Read more ›
1
British biotech firm Oxford Nanopore Technologies saw its losses widen by £106m despite revenue increasing by nearly £20m in its first full-year results since becoming a public company. Oxford Nanopore – which sells portable and industrial-sized products to sequence DNA and RNA – attributed the losses to growth investments, share-based payouts and costs associated with ... Read more ›
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Episode four of the UKTN Podcast is out now. This week’s guest is Emilie Vanpoperinghe, co-founder and CEO of Oddbox, a company fighting food waste with a subscription service for ‘wonky’ fruit and veg. During the show, Vanpoperinghe tells UKTN Podcast host Mark Mcdonagh how Oddbox grew from just 20 subscriptions in 2016 to three million ... Read more ›
0
Methane detecting drone company Flylogix has received a £3m equity investment from BP Ventures, the investment firm from British oil and gas company BP. The cash injection from BP is the latest part of Flylogix’s current funding round, led by Amati Global, which has now reached a total of £6m. The new funding will be ... Read more ›
2
Livestock data platform Breedr has raised £12m in a funding round led by Investbridge Capital via its AgTech Fund. Additional investment came from previous backers LocalGlobe and Forward Partners, as well as its recent crowdfunding. Breedr is a data analysis tool for farmers to record animal information using their phone. The data collected can then ... Read more ›
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London-based AI company Gensyn has closed a $6.5m (£4.92m) seed round of funding led by Web3 infrastructure VC Eden Block. The funding will go towards the launch of Gensyn’s decentralised computer network for training AI models. Gensyn harvests the computing power of idle GPUs by connecting them to a larger network, while providing a financial ... Read more ›
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UK industry body Innovate Finance is launching a spinoff group to promote the country’s booming fintech sector globally. The International FinTech Group will provide support to British financial technology companies on trade agreements and frameworks. It will also promote the country’s fintech success stories and aim to “solidify” the UK’s strong global position in the ... Read more ›
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UK-based insurtech Ondo has completed its public listing on the London Stock Exchange following a takeover by a special purpose acquisition company (SPAC). The acquisition by listed shell company Spinnaker Acquisitions and Labs, a subsidiary of HomeServe PLC, resulted in the formation of Ondo Insurtech PLC. The company said it is the first insurtech to ... Read more ›
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Silicon Valley giant Sequoia Capital has launched a seed-stage investment and mentorship programme called Arc, initially based in London. Described by the firm as a catalyst for the growth of the “outliers” of the tech industry, it will select 15 European startups to take part. Those accepted on the Arc programme will receive an initial ... Read more ›
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British embedded banking platform ClearBank has raised £175m in a funding round led by Apax Digital. Further investment came from previous investors CFFI UK Ventures and PPF Financial Holdings BV. London-based ClearBank will use the equity funding for international growth, first in Europe then in North America and Asia Pacific. ClearBank will introduce direct API-based ... Read more ›
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Interactive entertainment metaverse company Oorbit has raised $5m (£3.8m) in a seed round of funding. Oorbit’s investors included Shark Tank investor Mark Cuban, Pixelynx (deadmau5) and HOF Capital. The funding will be used by Oorbit to build its software for connecting different virtual worlds, which it will launch later this year. Oorbit’s software will aim ... Read more ›
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The UK government is proposing new legislation to make digital identities “as trusted and secure” as physical official documents, such as passports and driving licences. The move is being welcomed by digital identity companies, which would need to gain government accreditation – or a “trustmark” – to show they can handle identity data safely. However, ... Read more ›
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21.06.2026 13:08
Last update: 13:00 EDT.
News rating updated: 20:02.
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