This week’s UK tech funding deals include AI scientific research lab Inherent, biomaterials company Mykor and more. UKTN tracked £102.7m worth of UK tech investment this week (25 May to 29 May), a 20% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Inherent – £37.2m Sector: AI ... Read more ›
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Automated roadside quality assurance provider Highway Data Systems (HDS) has secured £1.25m from the Investment Fund for Scotland, managed by Maven Capital Partners and delivered by the British Business Bank. Glasgow-based HDS develops automated quality assurance (QA) technologies for the road construction and asphalt industries spanning production, haulage and laydown. The company provides a combination ... Read more ›
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Christchurch-based Online Oceans has raised £4m to scale its build of autonomous surface vessels and fleet software for defence and maritime security. Online Oceans is building a new model for persistent maritime coverage. Scout, its autonomous surface vessel, and fleet command platform Tether enable operators to deploy dense, always-connected fleets for missions including anti-submarine warfare, ... Read more ›
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The UK boasts one of the world’s best ecosystems for funding early-stage tech companies. But for the scores of startups securing pre-seed and seed investments, the majority seem to struggle to extend beyond that. Much has been said about the UK’s supposed scaleup funding gap, wherein UK-headquartered startups struggle to secure the funding needed to ... Read more ›
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The Crime and Policing Act has become law, bringing in new measures to ensure women and girls are more protected online as new technologies evolve. The wide-sweeping measures cover AI chatbots, non-consensual images published online, image hashing and banning ‘nudification’ apps. The Act means AI chatbots, like X’s Grok, are required to protect users from ... Read more ›
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Each year, UK FinTech Week serves as a useful reminder of just how far the national fintech ecosystem has come. Over a decade ago, the conversation was centred on disruption and novelty. Today, fintech is no longer adjacent to financial services; it is embedded within it. Spending time with founders and investors at the Innovate ... Read more ›
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In-space drug manufacturing company BioOrbit has raised £9.8m in seed funding to accelerate its mission to manufacture pharmaceutical drugs in space at scale. BioOrbit’s solution enables the usage of microgravity to develop crystals of biological drugs at scale that aims to transform how life-saving treatments reach patients worldwide. Currently, 70% of the highest-grossing drugs globally ... Read more ›
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Earlybird VC has closed its eighth early-stage tech fund at €360m (£312m), marking the largest raise in the firm’s history. The Berlin-based VC, which has a central London office, has long invested in promising UK startups including Tilt, Payable and Cerbos. Fund VIII includes support from large institutions and family offices as part of the ... Read more ›
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All3, a company developing robotic tools for the construction industry, has secured a $25m (£18.5m) seed investment. The group has built technologies to work across the construction sector, including an autonomous legged robot (pictured) for on-site assembly, AI design software and robotic factories that produce custom components. The company is based across Europe with locations ... Read more ›
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London-based micromobility company Forest has secured a further £27m in funding, taking its total Series B round to £40m. The round supports the continued expansion of Forest’s e-bike operations as it scales across the capital. The company has invested in 2,600 parking bays to date, and the new funding will enable further investment in the ... Read more ›
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Britain has long been a nation where important technologies begin. From the jet engine to the stored-programme computer, the country has repeatedly produced breakthroughs that shape entire industries. Quantum computing is the next test. The UK government’s recent commitment of up to £2bn to accelerate its development and commercialisation reflects the desire to propel quantum ... Read more ›
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Share scheme and equity management platform Vestd has been granted approval by the Financial Conduct Authority (FCA) to operate the Private Intermittent Securities and Capital Exchange System (PISCES). The PISCES framework was established by the FCA in June 2025 and allows private firms to auction off shares to professional and institutional investors without the need ... Read more ›
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Online education platform Virtual Class Limited – trading as Third Space Learning (TSL) – has raised £4.4m to scale its AI tutoring service. The funding was provided by the British Business Bank’s South West Investment Fund, managed by Maven Capital Partners, alongside Blackfinch Ventures and existing investors Foresight and Nesta. Swindon-based TSL delivers curriculum-aligned, online ... Read more ›
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The UK must “master” AI, the “defining currency of the age” to secure its position in history, according to Technology Secretary Liz Kendall in the announcement for a new AI hardware plan. Speaking at the Royal United Services Institute (RUSI), Kendall warned that if the UK fails to master chips, compute and AI, it will ... Read more ›
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LemFi, the Nigerian-founded remittance fintech, has announced plans to invest £100m in the UK as it moves its global headquarters to London. First founded in 2021, LemFi was launched to offer financial services to immigrant communities. The company entered the UK last year via the acquisition of the London-based fintech Pillar and will now anchor ... Read more ›
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This week’s podcast guest is Rebecca Sykes, a partner at Brandtech, who discusses how AI is being used to transform marketing. The firm has worked with global brands and believes AI-generated content can revolutionise the creative industries. She describes the firm’s system as the nervous system of modern marketing, connecting cultural signals, media performance and ... Read more ›
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Smart money app Plum has announced that the company has reached operational profitability for the first time. Plum has reported strong financial growth of 60%+ year on year, along with making £34m in annual recurring revenue (ARR). The app has multiple income streams spanning customer subscriptions, asset-based revenue and transaction revenue, which have together contributed ... Read more ›
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YFM Equity Partners has invested £7.6m into Swanky, a full-service Shopify Platinum agency headquartered in Exeter. Swanky specialises in helping retailers and brands launch, scale and optimise their ecommerce operations within the Shopify ecosystem. The agency was appointed as one Shopify’s first ‘Plus’ Partners in EMEA in 2016. YFM’s investment will support Swanky’s continued growth, ... Read more ›
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UK-headquartered AI superintelligence company Ineffable Intelligence has secured $1.1bn (£814m) in seed funding. Ineffable is developing a new generation of algorithms that learn through experience. Instead of being trained only on vast amounts of existing data, these systems interact with their environment, test ideas and improve over time, allowing them to discover new solutions and ... Read more ›
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The University of Southampton and biopharma company UCB have launched the Digital Antibody Research Collaboration (DARC) to develop an end-to-end platform for the in-silico design of therapeutic antibodies. In-silico refers to research, modelling or experiments conducted solely on a computer or via simulation. DARC seeks to rapidly develop, implement, test and apply cutting-edge technologies to ... Read more ›
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Reading-based independent power producer Enviromena has signed an £825m senior portfolio financing package to facilitate a major expansion of its renewable energy platform. This milestone represents a significant step forward for Enviromena, strengthening its ability to deliver projects at pace and at scale as demand for clean, domestically generated energy continues to grow. The funding ... Read more ›
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04.06.2026 13:26
Last update: 13:20 EDT.
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