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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Employee benefits platform Epassi Group has expanded its UK presence with its latest strategic acquisition of Zest. Founded in 2004, Zest is a SaaS platform that helps employers manage, communicate, and expand their employee benefits offering. Zest complements Epassi’s existing operations in the UK and will expand the product suite available to existing and new ... Read more ›
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Revolut will open dozens of physical ATM cash machines in a pilot programme to expand its use in cash-reliant markets. The London-headquartered fintech will launch an initial 50 machines distributed between Madrid and Barcelona, with an additional 150 units to be deployed in other major hubs including Valencia and Málaga. Revolut chose to start its ... Read more ›
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Shares in London-listed fintech group CAB Payments surged around 10% on Wednesday morning after the company was granted a licence to establish a representative office in the US. The cross-border B2B payments firm was granted approval from the Board of Governors of the Federal Reserve System and The New York State Department of Financial Services. ... Read more ›
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Healthcare marketplace platform HealthKey has acquired personal health assessment and recommendation platform Syndi Health. The acquisition, which was finalised on 1 May, will see HealthKey take on a number of Syndi Health’s customers, and will look to combine HealthKey’s due diligence and marketplace capabilities with Syndi Health’s patented and medically-approved clinical assessment technology. “This acquisition ... Read more ›
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Legal tech startup Valla has secured a seed investment of £2m. The Edinburgh firm’s platform offers guidance on staff dealing with workplace disputes, including letter and document templates, tribunal claim assistance and a toolkit explaining the process. The Valla platform also offers coaching and access to webinars and other educational events. Employment tribunals can often ... Read more ›
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London-listed clothing vendor NEXT is bolstering its customer security processes through a new partnership with cloud communications platform Infobip as retailers in the UK and beyond face a barrage of cyber-attacks. NEXT will incorporate Infobip’s AI solution designed to target and combat artificially inflated traffic to prevent phishing attacks and attempted fraud. According to the ... Read more ›
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The new chief executive of the British Computer Society, the chartered institute for the IT industry, will make digital skills a “significant priority” during her tenure. Speaking exclusively to UKTN, Sharron Gunn, who was recently named the new permanent boss of the Royal Charter-backed group following the departure of Rob Deri, laid out her vision ... Read more ›
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ThreatSpike, an end-to-end cybersecurity provider, has raised $14m (£10.35m) in a Series A funding round that will see Darktrace co-founder Emily Orton join its board. Founded in 2011, Adam and Kate Blake, a former Deloitte and Accenture analyst and former Morgan Stanley IT associate respectively, ThreatSpike provides firms with a unified platform to replace fragmented ... Read more ›
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Two British military veterans have secured a $20m (£14.8m) investment led by Plural for their startup Labrys, used for managing teams operating in high-risk environments. Royal Marine veteran August Lersten and former army officer Luke Wattam founded Labrys in 2020, inspired by their frontline experience. The company aims to provide humanitarian organisations, defence forces, crisis ... Read more ›
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Treefera, a startup using AI to map supply chain conditions, has raised $30m (£22.2m) in a Series B round a year after raising £9m. Environmental volatility has added significant new difficulties in maintaining reliable supply chains. Treefera’s tech is implemented at the first mile, the point at which commodities and raw materials are first sourced. ... Read more ›
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London-based fintech group Zilch will launch its first-ever physical payment card in a new partnership with Visa. The provider of advertising-subsidised buy now, pay later services will work with Visa to develop new financial products as it looks to capture a greater share of customer wallet spend. Zilch, which recently surpassed five million customers, will ... Read more ›
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New research has revealed that, for the first time, the proportion of startups measuring their carbon footprint has fallen, declining from 28% in 2023 to 23% in 2024. ESG_VC and the BVCA analysed ESG data from 711 startups backed by leading venture capital firms. According to the data partners, the drop could be explained – ... Read more ›
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AI experts have called for the development of regulation to have a greater focus on the technology’s use by children, the demographic likely to be most affected by the technology over their lifetimes. New research published by the Alan Turing Institute has found that almost a quarter (22%) of children aged 8-12 are regularly using ... Read more ›
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This week’s podcast guest is Ed Bussey, CEO of Oxford Science Enterprises, who discusses why time is running out to solve British tech’s scaleup funding gap, why the potential for the UK tech industry is so much greater than its current performance and an out-there idea to improve the competitiveness of the London public markets. ... Read more ›
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Vodafone and Three have completed a merger to create ‘VodafoneThree’, the UK’s largest mobile provider serving almost 30 million customers. The new combined business is 51% owned by Vodafone and 49% by CK Hutchison Group Telecom Holdings, the parent company of Three. VodafoneThree will be run by Max Taylor, currently serving as the UK chief ... Read more ›
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Manchester-based investor Palatine has taken a majority stake in fulfilmentcrowd, a cloud-based logistics firm from Lancashire. Fulfilmentcrowd has developed a platform for omnichannel retailers to outsource their end-to-end logistics and fulfilment processes to. This includes the receiving of goods, packing, dispatching and delivery. “The fulfilmentcrowd platform enables ambitious omnichannel brands to simplify and scale their ... Read more ›
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The upcoming launch of PISCES, the new investment framework allowing intermittent share auctions from private companies, risks encouraging a culture of “FOMO investing”, warned Carrie Osman, head of PE advisory firm Cruxy. The Private Intermittent Securities and Capital Exchange System, also known as PISCES, is a new scheme aimed at encouraging capital investments in companies ... Read more ›
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Literal Labs, a logic-based AI algorithm company led by former Arm VP Noel Hurley has raised £4.6m in a pre-seed investment. The Newcastle-based startup is developing logic-based AI models that aim to be faster and more energy efficient than modern neural networks. The company was spun out of Newcastle University by AI researchers Dr Alex ... Read more ›
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Pre-tax profits surged in Monzo’s latest annual results as the London challenger bank reported major growth in its business-facing offerings. The group reported profit of £113.9m for the year, up more than eight times from the previous year’s £13.9m. Growth has come fast in the past 12 months for the fintech, which in April surpassed ... Read more ›
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The UK’s data regulator has announced plans to relocate its national headquarters to Manchester in what the city has described as a landmark move. The Information Commissioner’s Office (ICO) has agreed a lease for a 20,000 sq ft facility at No.3 Circle Square in Manchester’s city centre. The site is owned by Bruntwood SciTech, a ... Read more ›
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14.06.2026 18:58
Last update: 18:50 EDT.
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