Budget: Blow to investors and startups ‘hidden’ in small print November 26, 2025 A blow to investors and early-stage businesses has been revealed in the small print of Rachel Reeves‘ Budget. The tax relief available on venture capital trusts has been slashed, according to the full Budget document released by the Treasury following Reeves’s speech in the House of Commons. While the venture capital trusts’ annual and lifetime [...]
Britain is at risk of losing young founders to global rivals October 29, 2025 The UK is at risk of an exodus of entrepreneurial talent as young founders find themselves being lured away by global competitors. According to a new report from the Young Entrepreneurs Forum, Britain is losing its edge as a lucrative destination for young people to launch their startups, due to policymakers failing to address challenges [...]
Waymo founder: ‘I never envisioned a London rollout’ October 22, 2025 As Waymo prepares for its UK launch, founder Sebastian Thrun admitted he “never envisioned” London being home to autonomous cars. The driverless taxis have taken the US by storm, and the company will soon enter Europe, hitting the streets of the capital before the end of the year. The company, owned by Google parent Alphabet, [...]
AI, robot: Tech firm Dexory lands $165m funding round October 14, 2025 Autonomous warehouse intelligence firm Dexory has marked the next phase of its expansion after sealing $165m (£124m) in fresh funding. The firm, which uses autonomous robots, AI and digital twin technology, said the funding comprises $100m in a Series C equity raise alongside $65m in debt. The round was led by LTS Growth and Endeavor [...]
Goodbye Nutmeg, hello Clove: New investing service lands £10m funding October 14, 2025 As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Michael Vaughan issues Autumn Budget plea to Rachel Reeves September 18, 2025 Cricket legend Michael Vaughan has issued a plea to Chancellor Rachel Reeves to help out start-ups and small-to-medium-sized (SMEs) businesses in her Autumn Budget on 26 November. Vaughan, who has recently invested in health and wellness supplement start-up Uthful, hit out at the employers’ National Insurance increase included in last year’s Autumn Budget for causing [...]
Exclusive: FCA licence approvals slump September 15, 2025 As few as six e-money licence applications have been granted by the UK’s financial regulator over the past 9 months, City PM can reveal, underscoring the scale of the regulatory obstacles faced by Britain’s fintech startups. Data obtained by City PM via Freedom of Information request showed that not a single authorised electronic money institution (AEMI) licence [...]
European tech rocketships are taking off, but London is being left behind September 12, 2025 A new generation of tech 'rocketship' companies are giving Europe its mojo back, but London is lagging, writes Christoph Klink.
AI-for-Excel firm Tracelight raises $3.6m to streamline finance work August 6, 2025 UK founded AI company, Tracelight, has raised over $3m in seed funding as it bids to hand laborious finance work over to AI tech. The London based company raised $3.6m (£2.7m) in seed funding from a series of venture capital firms, led by Chalfen Ventures with participation from Acequia Capital, Inovo and EF City PM [...]
Peter Kyle says UK could overtake US in tech amid record startup growth July 15, 2025 Technology secretary Peter Kyle has said the UK is positioned to “overtake America” in key areas of tech, as a new wave of regulatory reforms aims to fast-track innovation and attract investment across AI, fintech and biotech. In an interview on the UKTN Podcast, Kyle argued that the UK is now creating “the best regulatory [...]
