Seventeen projects share £3.6m funding to deliver AI-powered smart glasses, filter apps and XR therapies, supporting NHS mental health services nationwide.
Category: Get Funded
Vimeo accepts $1.38bn takeover bid
Vimeo agrees to be acquired by Bending Spoons for $1.38bn, taking the video platform private with ambitious investment plans in the US and global markets.
Touker Suleyman joins race to rescue Claire’s UK as Modella and HMV owner circle
Dragons’ Den investor Touker Suleyman is a leading contender to buy Claire’s UK out of administration, alongside Modella Capital and HMV owner Doug Putman. Interpath is running the sale.
Companies backed by Sunak’s Future Fund more likely to have failed, report finds
Audit finds Future Fund-backed start-ups more likely to collapse than peers. Was Rishi Sunak’s £1.1bn pandemic scheme value for money?
Hyble secures $2m Virgin Money funding to drive AI-powered platform and U.S. growth
MarTech scale-up Hyble has raised $2m in venture debt financing from Virgin Money to launch its AI-driven Hyble 2.0 platform and expand further into the U.S. beverage market.
British Business Bank backs NRG Therapeutics with £8m investment in £50m Series B round
The British Business Bank has invested £8m into neuroscience company NRG Therapeutics as part of a £50m Series B raise, supporting the development of novel treatments for ALS/MND and Parkinson’s.
Sherbet secures record £40m investment to expand electric London black cab fleet
Sherbet, the UK’s leading electric black taxi company, has raised up to £40m in the largest-ever investment in London’s licensed taxi trade, aiming to scale its fleet from 550 to 3,000 electric cabs and expand internationally.
UK e-motorbike maker Maeving secures £8m to fuel growth and overseas expansion
Coventry-based Maeving, the British electric motorbike manufacturer, has raised £8 million in new funding to expand production, accelerate overseas sales and develop new models aimed at commuters and women riders.
UK AI investment hits record £2.9bn as Britain strengthens global leadership
British AI companies attracted £2.9bn in investment in 2024, putting the UK second only to the US and ahead of China. Government unveils new AI assurance roadmap and funding to boost trust, jobs and growth.
UK creative industries secure record £2.4bn in tax reliefs
HMRC data shows the UK’s creative industries received £2.4bn in tax reliefs in 2023/24, a 10% rise on last year. High-end TV led the way with £1.1bn, while theatre, orchestras and video games all saw sharp increases.
Barclays exits Entercard joint venture with £200m sale to Swedbank
Barclays has sold its stake in Nordic consumer credit group Entercard to partner Swedbank for £200m, releasing £900m of risk-weighted assets as it continues to shed non-core operations.
National Wealth Fund commits £200m to UK battery storage push
The UK’s National Wealth Fund will invest up to £200m in battery storage developer Eelpower, alongside Equitix and Aware Super, to accelerate grid-scale storage and help meet clean power targets.
Starling Bank makes first acquisition in four years with Ember fintech deal
Starling Bank has acquired London-based fintech Ember, the digital tax and bookkeeping platform for SMEs, as it prepares to integrate Making Tax Digital tools ahead of HMRC’s 2026 deadline.
Oxford spin-out OrganOx sold to Japan’s Terumo in $1.5bn deal
Oxford University spin-out OrganOx, developer of pioneering transplant technology, has been sold to Japanese medical giant Terumo for $1.5bn in one of the UK’s biggest medtech deals.
Cambridge unveils first SPARK incubator cohort of 24 startups
King’s College, Cambridge has revealed the 24 startups selected for its first-ever incubator programme, SPARK 1.0, an initiative designed to turn research-backed ideas from students and alumni into investable companies.
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