This week’s UK tech funding deals include record-breaking quantum computing group Oxford Quantum Circuits, Newcastle spinout Gnosis Health and more. UKTN tracked £480.1m worth of UK tech investment this week (1 June to 5 June), a 367% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxford Quantum ... Read more ›
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Creator Fund, a London-based pre-seed venture capital group, has secured a close of $41m (£30.3m) for its first European institutional fund. Based in Kensington, Creator Fund works with scientists to turn academic research into deep tech startups, with notable examples including Glasgow spinout Chemify and Imperial College London spinout Recycleye. Its latest fund has already ... Read more ›
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AI hyperscaler company Nscale has closed a $433m (£320m) pre-Series C round just days after securing a record $1.1bn Series B investment. The London-based company has been rapidly growing since its launch in 2023 with its core technology of AI-focused data infrastructure seeing enormous demand globally, with governments and Big Tech firms pouring billions into ... Read more ›
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The idea of a ‘special relationship’ between the US and the UK goes back nearly 100 years. But President Trump’s visit in September, and the accompanying announcement of significant investment from US firms into UK tech, felt like a window into what the future of that relationship will look like – a world class tech ... Read more ›
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Chalkie, an edtech startup that uses AI to help teachers create curriculum-aligned lessons in minutes, has raised £1m in pre-seed funding, UKTN can exclusively reveal. Founded in 2024, Chalkie is a tool to quickly generate lessons based on subject, education level and curriculum. The company claims its platform has already been used by more than 100,000 teachers ... Read more ›
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Bristolian deep tech firm Phasecraft has today launched Mondrian, a quantum software platform backed by the government that it claims allows calculations to be done 1,000 times faster than a classical computer. A first-of-its-kind quantum software platform, Phasecraft described Mondrian as a hybrid technology that demonstrates how quantum and classical computing can be combined to ... Read more ›
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The government-run Regional Tech Booster programme has gotten underway as the projects set to benefit from the scheme have been unveiled. Announced in July, the programme aims to provide financial and entrepreneurial support to tech businesses outside of London. The selected projects will receive targeted training, expert guidance and network building support as part of ... Read more ›
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The majority of UK SMEs are concerned about their data being stored in the US amid a rise in data storage scrutiny, according to a new survey. Research conducted by team.blue and names.co.uk has found that in its survey of UK businesses, 73% were “worried about their data being stored in the US”, due in ... Read more ›
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Lancashire County Council has signed a contract worth £4.3m with software group Netcall to integrate autonomous AI agents into its public services. The multi-year partnership will see Netcall, which specialises in process automation and customer engagement, incorporate a “digital front door platform” for residents and businesses to access local services. The move includes the deployment ... Read more ›
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The British Business Bank has announced a €20m (£17.5m) commitment to the £98.6m Notion Capital Opportunities III fund. The new fund from the GoCardless investor marks the latest support from Notion Capital’s long-term partner, the British Business Bank, which has invested the firm’s last four core venture funds. The latest fund from the fintech and ... Read more ›
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NoBACZ Healthcare, a spinout company from the University of Cambridge developing novel technologies to treat wounds in livestock, has raised £4.8m in a new funding round. The new investment will support the development and commercialisation of the company’s patented “liquid bandage technology”, a new system for treating wounds on animals that it claims are healthier ... Read more ›
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London-based investor Concept Ventures has announced the close of its new $88m (£65.6m) Fund II, targeting UK and European early-stage tech firms. This marks the second institutionally backed fund from the Monzo and ElevenLabs investor. The raise was supported by limited partners including Aldea Ventures, Top Tier Capital Partners, Marktlink Capital, Dominus, and Granite Capital ... Read more ›
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This week’s podcast guest is Richard Jeffery, co-founder and chief executive officer of ActiveOps, who discusses the challenges of managing work productivity in large organisations and the impact of AI on decision intelligence and operational efficiency. ActiveOps is a workflow management software provider founded in 2005, now operating in 40 countries around the world. Listen ... Read more ›
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MyEdSpace, a London-founded edtech platform that hosts live lessons and lectures, has raised $15m (£11.15m) in a Series A funding round. Founded in 2022, MyEdSpace is a digital schooling platform that claims to source teachers from the top 1% educators in the UK. The digitally hosted tutoring sessions have been used by more than 16,000 ... Read more ›
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OXCCU, a University of Oxford spinout developing sustainable aviation fuel (SAF), has secured £20.75m for its Series B funding round. Considered by many in aviation to be the key to ensuring the industry can continue, SAF is a term describing a variety of fuels for aircrafts developed sustainably. While reliable large-scale SAF development has been ... Read more ›
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The latest group of aviation tech projects to be backed by the state-funded Future Flight Programme has been revealed. Innovate UK will deliver an investment of £4.4m across the 14 projects, which will aim to develop commercially viable and scalable use cases for drone and aviation technology. Among the funded projects are the ‘Dragon’s Heart’ ... Read more ›
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Willo, a recruitment technology based in Glasgow, has secured a £3m investment from the founder of cyber giant Mimecast. Founded in 2020, Willo is a candidate screening platform used by clients such as Samsung, DPD, Toyota and the NHS. The platform is used to verify candidate credentials, something particularly necessary, according to the company, amid ... Read more ›
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A new sensor network using technology from Amazon Web Services (AWS) will collect live data to make the Natural History Museum the most intensively studied urban nature site of its kind. The network of 25 sensors have been installed across the Nature Discovery Garden, gathering a range of environmental and acoustic data. This includes temperature ... Read more ›
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This week’s UK tech funding deals include a record funding round by AI infrastructure firm Nscale and finance platform Tide. UKTN tracked £961m worth of UK tech investment this week (22 September to 26 September), a 314% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Nscale – ... Read more ›
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Vet-AI is a Leeds-based pet health tech scale-up making vet care more accessible and affordable through AI-driven virtual consultations. A recent innovation is their own AI triage LLM which aims to transform how pet owners get care. In this week’s Founder in Five Q&A, co-founder Paul Hallett discusses the importance of surrounding yourself with good people, ... Read more ›
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A new digital ID scheme will be rolled out across the UK in an effort to make it easier to use vital government services and help combat illegal working. The scheme will be available to all UK citizens and legal residents and will end the need for complicated identity checks which rely on copies of ... Read more ›
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13.06.2026 20:36
Last update: 20:15 EDT.
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