Starting your own business is a brave decision. Not least because it is a challenging, precarious journey. Launching then growing any business takes a lot of discipline, and anyone willing to leave their comfort zone to attempt this feat ought to be commended. However, it is also important to note that the road to becoming ... Read more ›
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James Hadley is the founder and CEO of Immersive Labs, a cybersecurity training platform used by organisations to teach practical IT security skills. The Bristol-based company has raised $123m (£92.5m) in funding, with £53m of that coming in a Series C round last June. Prior to founding Immersive Labs in 2017, Hadley worked as an ... Read more ›
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Manchester-based artificial intelligence startup Sparkbox has announced a £1.5m investment from fellow Manchester resident Praetura Ventures. The funding will be used to double its team and increase the number of retailers it works with. Sparkbox uses artificial intelligence and data to help retailers make choices that improve profitability and reduce waste. The company was founded ... Read more ›
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Silico, an AI-powered decision-making platform has announced the completion of a £3.4m seed round of investments, led by German VC Join Capital. Existing investors Forward Partner also participated in the latest round, along with ‘high-profile’ angel investors from the B2B and enterprise automation space. The funding will be used to build out Silico’s core engineering ... Read more ›
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With the conflict between Russia and Ukraine still ongoing, UKTN has looked to see how UK-based tech businesses are supporting Ukraine. London based fintech Zopa Bank has offered sponsorship of 50 work visas of eligible Ukrainian applicants already in the UK. Applicants must have a background in engineering, technology, and data analytics or have experience ... Read more ›
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Nikolay Storonsky, Russian-born CEO of UK fintech giant Revolut has publicly condemned the Russian invasion of Ukraine. In a blog post published by Revolut, Storonsky, who holds both British and Russian citizenship, described the war as “horrifying” and “impossible to believe”. Storonsky grew up in Russia with a Ukrainian father and believes “Ukrainians and Russians ... Read more ›
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Construction software company BKwai has announced a Seed investment of £2.2m led by Octopus Ventures, with participation from Deeptech labs and Cambridge Enterprise. Founded in 2019, BKwai uses data to provide construction teams with insights during projects. Its software platform uses on-site sensors, environmental data and remote satellite data to help engineers find patterns, predict what ... Read more ›
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The founders of Deliveroo, Zapp and TIER have invested in London-based electric vehicle (EV) charging platform Bonnet in a $5.5m (£4m) funding round. Bonnet provides users with real-time information on EV charging availability and options via an app. It said it will use the additional capital to triple the number of its employees, secure new ... Read more ›
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Helio Display Materials, a digital display company born out of the “first” joint venture between Oxford and Cambridge universities, has raised $4.75m (£3.55m) in Series A finance in a funding round led by Longwall Venture Partners and BGF. Helio will use the fresh funding to drive a significant expansion of the company team and will ... Read more ›
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As one buy now pay later (BNPL) firm closes, another opens. On the same day that Australian BNPL firm Openpay said it was leaving the UK market, Manchester-based PollenPay announced its launch into that same crowded market. The contrasting moves of PollenPay and Openpay reflects the fiercely competitive BNPL market, with established players such as ... Read more ›
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Cambridge-based graphene electronics company Paragraf has secured $60m (£45m) in a Series B round of funding led by New Science Ventures. Paragraf will use the funds to scale up its international growth by increasing sales across the UK, US, EU and Asian markets. The company specialises in graphene-based electronics, a material with highly promising capabilities ... Read more ›
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UK venture capital firm Sure Valley Ventures has raised £85m for a fund to back 25 early-stage British software startups in sectors including the metaverse, artificial intelligence (AI) and cybersecurity. The British Business Bank, a government-owned but independent investment bank, provided £50m to the fund via its Enterprise Capital Funds programme. The remaining £35m came ... Read more ›
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The UK has signed a digital trade deal with Singapore that aims to boost international business expansion and “enhance” the existing Fintech Bridge between the two countries The UK-Singapore Digital Economy Agreement (DEA) is yet to come into effect. It is geared towards increasing trade with Singapore, which in 2020 was worth £16bn. The agreement aims ... Read more ›
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UK tech companies made up 38% of the combined valuation of European unicorns in 2021 – the highest percentage across the continent. That’s according to a report from financial advisory firm i5invest, which showed that the growth rate for European tech unicorns rose to more than twice its US counterpart last year. The US is ... Read more ›
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Fintech startup Nosso has secured £2m in a Seed funding round, continuing the trend of success for London-based fintech firms. Nosso will use the new capital to scale up in the extremely competitive fintech sector. Octopus Ventures and Anthemis led the latest investment round. Additional investors Entrepreneur First, Ventures Together also provided funds, with participation ... Read more ›
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UKTN is excited to announce it has launched a new podcast that explores the business journeys of some of the UK’s most influential tech founders. Hosted by Mark McDonagh, the UKTN Podcast is a weekly candid interview that takes listeners through the experiences of entrepreneurs as they recall the trials and tribulations of turning an ... Read more ›
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London-based tech VC Hiro Capital has launched a €300m (£251m) fund to invest in gaming and metaverse companies in the UK, Europe and North America. The Hiro Capital II fund will invest in companies at Seed, Series A and Series B round. Hiro Capital’s previous €115m fund has made 21 Series A and B investments ... Read more ›
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Solivus, a UK startup that has developed “ultra-thin” solar panels that can be fitted to commercial rooftops, has secured £2.4m in a seed funding round. VC studio and accelerator Founders Factory led the investment via its G-Force programme, which backs climate tech startups. Solivus also received crowdfunding investments from members of the Crowdcube platform. London-headquartered ... Read more ›
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Oxford-based QuantrolOx has raised £1.4m in a seed funding round to develop its artificial intelligence (AI) software that tunes and stabilises quantum computers. The Oxford University spinout is aiming to improve the slow load up time of quantum computers using machine learning. While quantum computers are much quicker at solving certain problems than a traditional ... Read more ›
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One year on from the publication of the Kalifa Review – a government-backed evaluation of the UK fintech sector – industry experts say the government needs to do more to ensure the sector keeps its “crown”. The report was published on 26 February 2021 after the Chancellor of the Exchequer asked Ron Kalifa to conduct ... Read more ›
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21.06.2026 17:44
Last update: 17:35 EDT.
News rating updated: 00:31.
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