This week’s UK tech funding deals include AI material discovery company CuspAI, biomaterial developer Ponda and more. UKTN tracked £565.3m worth of UK tech investment this week (20 July to 24 July), a more than 400% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. CuspAI – £334m ... Read more ›
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Spirit Health, a UK healthcare services and products provider, has secured a £2m debt finance package from the British Business Bank’s Midlands Engine Investment Fund II (MEIF II). Spirit Health works with the NHS, patients and healthcare providers to improve access to care, enhance efficiency and reduce costs across the healthcare system. The firm provides ... Read more ›
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Marker, an AI-assisted writing tool, has raised a $13m (£9.7m) seed round led by Index Ventures, with participation from LocalGlobe. Marker is a writing tool for ‘people who believe in writing’. The startup describes the tool as a reimagined word processor, built to support writers and designed with AI tools that write with you, not ... Read more ›
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The UK government has announced £500m in new funding to support innovative SMEs and scale ups grow, invest and create jobs across the country. The gap between the SME demand for finance and the amount available is estimated to be between £1.6bn to £4.1bn per year. The government says improving this access is key to ... Read more ›
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Wherever you go in the UK technology industry right now, one word comes up again and again: sovereignty. It is a priority for government, and increasingly a focus in boardrooms. For good reason. The world has become more uncertain. Geopolitics, trade tensions and security concerns are starting to shape how organisations think about their technology ... Read more ›
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Pixel-Flo, a University of Sheffield spinout, has secured a £5.25m seed round led by Northern Gritstone with additional investment from SCVC, the Parkwalk Northern Universities Venture Fund and HTGF. The startup is developing a cost reduction breakthrough that it says is ‘critically needed’ for microLED display manufacturing. Pixel-Flo says microLED is the next wave of ... Read more ›
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SFC Capital has received a further £10m from the British Business Bank under the Regional Angels Programme, extending the Bank’s total commitment to £35m. The Regional Angels Programme is designed to reduce regional imbalances in access to early-stage equity finance. Following previous commitments of £25m across three tranches, this fourth tranche of funding reflects the ... Read more ›
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This week’s UK tech funding deals include maritime defence firm Kraken Technology, fintech startup Stoa and more. UKTN tracked £238.75m worth of UK tech investment this week (6 July to 10 July), a 297% week-on-week increase across 10 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Kraken Technology – £130m Sector: ... Read more ›
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Cambridge Innovation Capital (CIC) has appointed Dr Ilana Wisby, the founding CEO of deep tech scaleup Oxford Quantum Circuits (OQC), to its Entrepreneurs in Residence (EIR) programme. Wisby joins the Cambridge-based venture capital firm’s deep tech team, where she will focus on identifying and translating breakthrough quantum computing research into commercially viable spinouts. During her ... Read more ›
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London-based fintech ClearBank has announced the appointment of Ken Johnstone as its new chief product officer to drive its product strategy across the UK and Europe. Johnstone will join ClearBank’s group executive team, where he will oversee the expansion of the firm’s real-time clearing and embedded banking platform. His role will focus on accelerating product ... Read more ›
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London-based autonomous driving firm Wayve has completed the first-ever transaction on the London Stock Exchange’s (LSE) Private Securities Market, letting current employees cash out $85m (£66.7m) in vested equity. The transaction marks the first major real-world test for the UK government’s new Private Intermittent Securities and Capital Exchange System (PISCES) regulatory framework. The platform allows ... Read more ›
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Kuba Fast, the former chief executive of Chase UK, has been appointed by Revolut to lead its European banking entity. Fast spent almost seven years at JPMorgan Chase and in that time helped to launch its international consumer banking offering. In 2024 he became the CEO of Chase UK, the Britain-based digital banking entity of ... Read more ›
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The rapid rise in prominence of cloud services and now, AI, despite the obvious economic advantages, is rightly inextricably linked with serious concerns about the UK’s energy capacity. According to Richard Schomberg, the special envoy for smart electrification at the International Electrotechnical Commission (IEC), UK grid connection requests for data centres have surged from 41 ... Read more ›
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The government’s sixth Investing in Women Code annual progress report shows that signatories are more likely to back women founders than the wider market for the sixth consecutive year. Launched in 2019, the Investing in Women Code is a commitment to support the advancement of women entrepreneurs in the UK by improving access to the ... Read more ›
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Security and AI operations company Rubrik has announced plans to invest more than £375m in the UK over the next five years and name London as its EMEA headquarters. Rubrik now serves 2,000 customers across EMEA, and establishing London as the company’s headquarters in the region will help the firm scale its regional operations, access ... Read more ›
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Alchemab Therapeutics has extended its Series A financing with £25m from the British Business Bank, marking the Bank’s largest investment in a life sciences company to date. Founded in 2019, Alchemab is a clinical-stage biotechnology company that discovers and develops novel antibody therapeutics by identifying naturally occurring protective antibodies in individuals who show resilience to ... Read more ›
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The UK life sciences sector has attracted more than £3bn in new public-private investment in the past 12 months, marking the first year of a government plan for the industry. The Life Sciences Sector Plan was launched by the government in July of last year. Backed by significant funding, the plan served as a 10-year ... Read more ›
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Kraken Technology, a Fareham-based maritime defence technology company that specialises in uncrewed autonomous maritime platforms, has raised a $175m (£130m) Series B round. The funding will support Kraken’s continued development of its uncrewed surface vessels and payload capabilities, in addition to expanding localised manufacturing facilities around the world. The Series B round follows a successful ... Read more ›
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UK fintech Kord has raised £6.4m in a Series A round led by Guinness Ventures with participation from Beringea, SFC Capital and angel investors. Kord strives to make onboarding clients, identity verification and payment processing simpler and more secure across regulated industries. Its end-to-end platform is regulated by the FCA and used by estate agents ... Read more ›
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London-based Axle Energy has raised $25m (£18.7m) in a Series A funding round to scale its virtual power plant (VPP) software platform across the UK and international markets. Founded in 2023 by former Bulb executive Karl Bach and data scientist Archy de Berker, Axle Energy develops a software platform that integrates distributed home energy assets ... Read more ›
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Fleek, the company building AI infrastructure to power the global secondhand clothing industry, has raised $25m (£18.7m) in Series B funding. Every year, up to 24 billion items travel from donation bins in London, Paris and New York to textile sorting and grading centres across the world. Despite demand for secondhand fashion growing three times ... Read more ›
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28.07.2026 10:16
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