Chatterbox, an online language learning platform that connects refugees and marginalised groups with businesses, has raised £1.5m in a pre-seed funding round. Chatterbox will use the funding to develop new products and services, as well as hiring employees in product development, learning, sales and marketing. Guardian Media Group Ventures led the Chatterbox funding round, with ... Read more ›
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Digital health company Vira Health has secured $12m (£9.2m) in a funding round to add new services, such as telehealth and prescriptions, to its menopause app. Vira Health, founded in 2020 by Andrea Berchowitz and Dr Rebecca Love, will also use the extra capital to grow its app Stella in the US and to fund ... Read more ›
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OW Smell Digital, a tech company trying to digitise the sense of smell for use in metaverse applications, has raised £1m in seed funding in a round led by Parkwalk Advisors. Founded as a spinout from the University of Sussex and UCL, OW is creating a digitally controlled multi-channel “Scent Delivery Device” and adaptive AI-powered, ... Read more ›
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The UK Space Agency is providing a £2m funding boost for organisations developing space exploration technologies, including a Rolls-Royce space reactor and the Open University’s Mars imaging technology. The 13 projects backed by the government agency aim to accelerate space exploration by improving technology in areas such as energy, communication and resources. Rolls-Royce will receive ... Read more ›
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Fintechs, banks and payment providers have expressed concern that UK merchants are unprepared for new online shopping security checks that come into force today. The Strong Customer Authentication (SCA) rules, implemented to tackle online fraud, mean customers will be required to prove their identity when making an online purchase of £25 or more using a ... Read more ›
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The UK’s financial regulator has warned companies in the crypto sector that it expects them to comply with sanctions imposed against Russia and Belarus, in the Financial Conduct Authority’s (FCA) latest clash with the cryptocurrency industry. “We are working closely with partners in government and law enforcement both here and abroad, including regulatory authorities, to ... Read more ›
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Attracting and retaining staff has become an increasingly acute issue throughout the pandemic, leading to more and more headlines of an intensifying “talent war”. This is particularly true within the technology sector. There are several converging factors at play here. For one, there remains a significant skills shortage; too few people have the training and ... Read more ›
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Crisis response teams in the education sector are the most likely to pay a ransomware demand, according to a recent report from cybersecurity firm Immersive Labs. The study analysed the cyber knowledge, skills and judgment of more than 2,000 organisations during “crisis scenarios” on Immersive Labs’ training platform. Over the course of half a million ... Read more ›
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Virtual events platform Tevent has closed a £1.5m seed funding round from angel investors. Tevent will use the capital to scale its virtual events software, which is used by SMEs that lack the budget and technical skills to build their own from scratch. It will also allocate the seed funding towards product development, building a ... Read more ›
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UK consumer hardware tech company Nothing has closed a $70m (£53.5m) Series B funding round, led by EQT Ventures and C Ventures. The Series B round also includes follow-on investments from GV and Tony Fadell’s Future Shape. The new funds will go towards growing the operations at the company’s London design hub, as well as ... Read more ›
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Dr Tim Guilliams is the co-founder and CEO of Healx, a company using artificial intelligence (AI) to rewrite the economics of drug discovery for the world’s rarest diseases. The Cambridge, UK-based company uses algorithms to find links between diseases that already have treatments and those that do not. Healx can speed up the drug discovery ... Read more ›
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A third of mid-market UK organisations hit by cyberattacks in 2021 suffered outages that disconnected them for over a day, according to research published by cybersecurity firm Censornet. “For the UK mid-market, the cybersecurity situation is serious,” said Ed Macnair, CEO at Censornet, a Basingstoke-based company that provides automated cybersecurity software for companies including Thatchers ... Read more ›
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FOV Ventures has launched its first fund to invest in early-stage startups building the metaverse, closing €16.5m of its targeted €25m. The fund will invest in pre-seed and seed-stage businesses across Europe. FOV Ventures will make investments between €250,000 to €500,000 in up to 25 companies developing products and services for the nascent metaverse – ... Read more ›
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Automated loans company Lendable has raised £210m in its latest funding round, giving it a fresh valuation of £3.5bn. The London-based company said it will use the fresh capital to develop new products and drive international growth. Ontario Teachers’ Pension Plan Board led the funding round through its Teachers’ Innovation Platform (TIP). TIP invests in ... Read more ›
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Northern Triangle tech startups – those based in Manchester, Leeds and Sheffield – raised £1.3bn funding over the last five years, demonstrating the rising appeal among investors to back companies based outside of London. The Northern Triangle is home to nearly 1,500 startups that collectively raised £420m last year. There is a strong ecosystem with ... Read more ›
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French online moderation startup Bodyguard.ai has raised €9m as the company prepares for further international expansion into the UK, Europe and the US. The funding was led by Keen Venture Partners and Ring Capital. Previous seed investors Starquest Capital also participated in the latest fundraise. Bodyguard.ai uses a proprietary AI model to moderate harmful comments ... Read more ›
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London-based Workbounce, a platform for B2B salespeople that bills itself as “Google meets Slack”, has raised $2.7m (£2.05m) in a seed round. Venture capital firm Index Ventures led the investment via its Index Origin fund. Additional investment came from a slew of angel investors hailing from companies including Wise, Snyk and Hubspot. Workbounce will use ... Read more ›
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Episode two of the UKTN Podcast is out now. This week’s guest is Alex Latham, co-founder and CMO of digital savings app Chip. During the show, Latham shares the story behind raising £30m in crowdfunding, earning him the moniker “crowdfunding king” from UKTN Podcast host Mark McDonagh. In September 2020, Chip raised £10.7m in a ... Read more ›
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London-based fintech mmob has closed £5m in a seed round of funding. The embedded finance company raised investment from a group of angel investors, which included senior banking executives and high-net worth individuals. The startup will use the funding to continue developing its technology, expand in the UK and enter new markets including Malaysia. “With ... Read more ›
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UK-based Web3 infrastructure company NexGen Cloud is investing $14m (£10.6m) to develop the “largest” decentralised storage project in Europe. The investment, shared exclusively with UKTN, will see NexGen build two large-scale Filecoin storage operations in Belgium and the Netherlands, with tier III data centres across both sites. Filecoin is an open-source blockchain storage platform created ... Read more ›
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21.06.2026 15:28
Last update: 15:21 EDT.
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