The UK Space Agency has provided a £15m investment for the MicroCarb satellite, a joint initiative from Britain and France to monitor climate data. Launched over the weekend via the Vega-C rocket from French Guiana, the MicroCarb has become Europe’s first dedicated carbon dioxide monitoring satellite in what the UK Space Agency has described as ... Read more ›
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Cura Terrae, an environmental services company backed by private equity group Palatine, has ramped up its expansion plans with the acquisition of Scottish climate consultancy EnviroCentre. Founded in 2022, Sheffield-based Cura Terrae works with corporate clients to ensure they are meeting environmental requirements. The acquisition of EnviroCentre, with locations in Glasgow, Edinburgh, Inverness and Aberdeenshire, ... Read more ›
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This week’s UK tech funding deals include solar panel subscription service Sunsave, stock trading app Lightyear and more. UKTN tracked £179.3m worth of UK tech investment this week (21 July to 25 July), a 131% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Sunsave – £113m Sector: Energy/climate ... Read more ›
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Fuse Energy, a power provider founded by a former executives at Revolut, has secured a new £7.4m investment as it enters the gas market. Launched in 2022 with a focus on low-carbon energy sources such as solar and wind, Fuse grew rapidly, adding 50,000 homes to its customer base since launch. Though it has historically ... Read more ›
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Wype is revolutionising the personal hygiene category by redefining how people think about and care for their health, starting with what they call “bottom care.” The firm was co-founded by Giorgia Granata and Eli Khrapko as they sought an eco-friendly solution to wet wipes to give, as they describe, a “bidet-clean feeling on the go”. ... Read more ›
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A long-running public sector data scheme has received a £168m funding boost via UK Research and Innovation (UKRI). Administrative Data Research (ADR) UK is a project that first launched in 2018 with the goal of using data to gain insights on a wide range of policy topics from the cost of living to cancer diagnostic ... Read more ›
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Spaceflux, a satellite tracking startup from London, has closed a £5.4m funding round as it works towards growing its global telescope network. Founded in 2022, Spaceflux develops surveillance and tracking technology for satellites and in-orbit debris, most notably its AI-powered optical sensor system. Originally launched to work with the UK Space Agency and the Ministry ... Read more ›
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New laws determining the responsibility of digital platforms to protect vulnerable users under the Online Safety Act come into force today. The act, which received Royal Assent back in October 2023, has been phasing in the enforcement of its new requirements. In the spring, the portion of the act that requires digital platforms to take ... Read more ›
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A vast proportion of the British crypto and blockchain industry remains shut out of traditional banking, despite the drive to establish the UK as a leading hub. The Treasury, Bank of England and the Financial Conduct Authority (FCA) have all, to varying degrees, acknowledged the UK’s leadership in digital finance and have expressed intentions that ... Read more ›
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New analysis from Innovate Finance, revealed that in a backdrop of stabilised global fintech investment, UK fintech companies continue to outperform on core business metrics. The latest data from the industry body representing UK fintech, revealed that following a prolonged period of contraction, the global fintech sector is stabilising – marking the end of the ... Read more ›
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The British Standards Institute (BSI), a Royal Charter organisation that issues technical standards for businesses and professionals, has published what it describes as the “world’s first international standard” for the use of AI in audits. The advent of generative AI technology has presented accounting professionals with a powerful tool that, when deployed well, can massively ... Read more ›
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London-based investment platform Lightyear has closed a $23m (£17m) Series B round as it confirms it has reached $1bn in customer assets. Founded by Martin Sokk and Mihkel Aamer, two early employees of cross-border payment company Wise, Lightyear is a platform offering access to investments such as stocks, ETFs and money market funds. It also ... Read more ›
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Alpha Group, a London-listed fintech, has agreed terms on a cash acquisition that will see it acquired by Atlanta-based financial services group Corpay for £1.8bn. The takeover agreement, which will see Corpay purchase Alpha shares for £42.50 each represents a significant premium, worth 55% more than Alpha’s undisturbed share price of £27.45 as of May ... Read more ›
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Nottingham-based agtech group NZN – short for NetZeroNitrogen – has secured a $6.6m (£4.8m) seed investment to fuel its mission to reduce reliance on harmful fertilisers. Founded in 2022, NZN is developing a biofertiliser that uses endophytic bacteria to replace the agricultural industry’s reliance on synthetic nitrogen fertilisers, a commonly used product that has been ... Read more ›
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Wise’s plans to switch its primary public listing to the US have been thrown into doubt as multiple advisory firms have expressed concern over the terms of the move. Earlier this week Wise co-founder Taavet Hinrikus – via Skaala Investments OÜ, a company he owns that holds significant shares in Wise – said he was ... Read more ›
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The UK’s competition regulator is targeting the duopoly in the mobile app market held by Apple and Google with new proposals aimed at spurring on competitive practices. The Competition and Markets Authority (CMA) on Wednesday proposed that both Apple and Google be designated as having strategic market status (SMS) in the app store industry – ... Read more ›
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Vicebio, a London-based biotech firm specialising in the development of respiratory virus vaccines, has been acquired French pharma giant Sanofi in a deal potentially worth over £1bn. The Parisian group intends to expand the capabilities of its vaccine design and development team by incorporating the British firm’s “molecular clamp” technology, a process that stabilises viral ... Read more ›
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Inforcer, a management solution for managed service providers (MSPs) specialising in enterprise-grade Microsoft products, has raised $35m (£25.8m) in a Series B round. Based in London, Inforcer launched in 2022 with the goal of supporting small businesses in the adoption of Microsoft technologies. The firm’s software product allows MSPs to standardise, roll out, back up ... Read more ›
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Connectd, a platform connecting startups and scaleups with “fractional” executives and advisors, has raised £5.5m in new funding. Originally launched with a focus on connecting investors with startups, the business has rebranded, concentrating on suppling fractional talent – executives and advisors that can provide support for businesses on a temporary or freelance basis. According to ... Read more ›
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The early-stage startup investment landscape in Scotland has proven to be attractive to new international investors, demonstrating consistent year-on-year growth, according to new research. According to a report from Scottish investment analyst YCF that tracked investors making their first investment in Scottish businesses, the amount of newcomers rose 12% last year, reaching 73. The figure ... Read more ›
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13.05.2026 23:27
Last update: 23:20 EDT.
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