This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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Tech Climbers has revealed its latest shortlist of the best performing product-led tech businesses in Greater Manchester that are making an impact. This week, the tech community gathered at the Cloud 23 cocktail bar in the heart of Manchester’s city centre as journalist Peter Stojanovic unveiled the 11 companies that made the official list and ... Read more ›
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Bolt Insight, the London-based market research company helping brands unlock consumer insights through AI-moderated research, has closed its £7m funding round led by Pembroke VCT with participation from 212, Active Partners, Velocity and TIBAS Ventures. The new funding will help to scale its BoltChatAI tool globally, in addition to funding the company’s next ambition to ... Read more ›
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EpilepsyGTx has closed a £24.8m series A round to advance the development of its single dose gene therapy for focal refractory epilepsy. The funding will enable the delivery of first-in-human phase 1/2a clinical trials to establish the safety and efficacy of the company’s lead gene therapy programme EPY201 in a broad population of patients with ... Read more ›
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Nu Quantum has closed its £45m series A funding round, signifying the largest ever series A in the quantum sector in the UK. The funding will accelerate Nu Quantum’s mission to reach fault tolerance by interconnecting quantum processors into a more powerful distributed quantum computer, driving the next phase of product development and deployment, and ... Read more ›
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The UK allocated £61.4B to defence tech investment in 2025, maintaining one of Europe’s largest defence budgets with a focus on naval and air upgrades, cyber capabilities and nuclear deterrence. A new report by Tracxn titled “European Defence Tech Report 2025: Is Europe’s Defence Tech Entering its Most Compelling Phase for Investors?” shows that the ... Read more ›
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Bristol-headquartered quantum algorithms company Phasecraft has been named as a finalist in the $5m (£3.75m) XPRIZE Quantum Applications challenge backed by Google. The XPRIZE Quantum Applications challenge was launched in March last year as a global competition funded by Google Quantum AI and the Geneva Science and Diplomacy Anticipator (GESDA) to generate quantum computing algorithms ... Read more ›
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Bristol-based battery tech startup Anaphite has raised £1.4m to boost its mission to decarbonise electric vehicle (EV) battery production by accelerating the industry’s shift to dry electrode coating. The sum is a combination of £700,000 in grant funding from the Innovate UK Investor Partnerships: Clean Energy and Climate Technologies competition, plus £700,000 of aligned investment ... Read more ›
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The UK’s trade association for the blockchain and cryptoasset industry has announced it will formally join its US counterpart as part of an expanded global network. CryptoUK said on Tuesday that it will join Washington DC-based The Digital Chamber to form an expanded global policy group under the US organisation’s umbrella. The two groups hope ... Read more ›
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Genomics in simple terms is the study of the genetic information of an organism or cell, but for those in the medical tech industry, it is a fundamental shift in the very concept of medicine. Where genetics may examine variations in a single gene to determine the cause of medical conditions, genomics looks at all ... Read more ›
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Scottish renewable energy tech firm Orbital Marine Power has secured a £7m investment to advance its international commercial projects. Headquartered in the Orkney Islands, Orbital Marine Power has developed technology to harness tidal energy along the UK coast to use as a source of renewable power. Designed to withstand the harshest of conditions, the company ... Read more ›
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The British Business Bank has agreed to invest £30m to the Invest in Women Taskforce’s Women backing Women fund. The taskforce was formed following the landmark Rose Review, which found that putting serious funding behind women entrepreneurs could not only help reduce the inequality female founders face, but also add significantly to the UK economy. ... Read more ›
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An international coalition of AI Safety Institutes coordinated by the UK is rebranding itself to reflect its focus on measurement and evaluation of AI models. The International Network of AI Safety Institutes, which includes Australia, Canada, the EU, France, Japan, Kenya, South Korea, Singapore, the UK and the US, will transition to the International Network ... Read more ›
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This week’s podcast guest is Catherine Lenson, chief operating officer of Phoenix Court, who discusses why well-defined corporate and investment culture supports a cohesive strategy, how different stages of investment come with drastically different needs and why sticking with a founder long-term is both rewarding and satisfying. Phoenix Court is a venture capital firm that ... Read more ›
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ONEHEALTH, a new cross-border health tech project run by Catalyst has been launched, backed by €10m (£8.7m) in funding. Led by Northern Irish startup supporting non-profit Catalyst, ONEHEALTH will bring together research organisations from both sides of the Irish border to address critical public health challenges through the development of pioneering technology. With a focus ... Read more ›
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Cases of fraud linked to open banking payments remain well below the wider industry average, despite the technology’s increased use and the rising rates of scams, new research has found. In its latest report on financial crime, Open Banking Limited (OBL) has found that fraud affecting open banking payments accounted for just 0.013% of transactions ... Read more ›
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The Financial Conduct Authority (FCA) has announced a package of measures aimed at establishing a greater “investment culture” among UK consumers. In the government’s efforts to improve the UK public markets, it has noted that there is a significantly smaller investment culture in Britain than in the US, which it believes limits the availability of ... Read more ›
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The Information Commissioner’s Office (ICO) has criticised the Home Office for failing to inform it about historical bias in the facial recognition algorithms used within the Police National Database. Last week the National Physical Laboratory published a report of its independent testing of facial recognition algorithms commissioned by the Home Office. In its report it ... Read more ›
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The British Business Bank has agreed to back a new biotech fund from SV Health Investors to the tune of $100m (£75m), the largest commitment in the bank’s history. The investment will back the SV8 Biotech Fund, a new flagship vehicle from SV Health Investors, one of the UK’s most prominent backers of the health ... Read more ›
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The Office for Students (OfS), a public body within the Department for Education, has granted edtech unicorn Multiverse new powers in awarding degrees. The upskilling platform has been granted the power to award degrees within the Digital, Business and Administration standards. For Multiverse, this move will enable it to progress on its stated goal of ... Read more ›
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A new climate tech accelerator has been launched as a joint programme from Barclays Eagle Labs and Sustainable Ventures. The initiative will see the climate conscious investor and the entrepreneurial network deliver support for UK-registered startups developing technology with sustainability at its core, or with a clear aspiration to grow into a more climate-focused enterprise. ... Read more ›
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15.06.2026 04:37
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