A newly formed community initiative has launched to champion Nottingham’s tech ecosystem.

Built in Notts has been launched by Martin Sandhu alongside research which claims the city’s tech sector is significantly outperforming its level of public investment.

The ‘Potential vs Investment Index’ compares 20 UK cities across Innovate UK funding, startup creation and graduate outcomes. It found that Nottingham is outpacing many of its larger rivals but receives far less Innovate UK support per capita than other major tech hubs.

The city secured just £6.1 million in Innovate UK technology funding in 2024/25, equivalent to £19 per capita, compared with over £45m for York (£225 per capita) and £28m for Cambridge (£188 per capita).

However the city saw 170 new tech businesses formed in the last year, and continues to produce more than 2,000 engineering and technology graduates annually, providing a strong skills pipeline for its digital economy.

At an event last night at Oldknows Factory in Nottingham, local founder and investor Jordan Adams delivered a talk titled ‘The Great London Lie: How Regional Champions Win the Scale Game’.

Azoma, a company pioneering Generative Engine Optimisation (GEO) for eCommerce, has raised £3m in pre-Series A funding.

The platform helps major brands and retailers – including Mars, Colgate, HP, Reckitt, Beiersdorf, Canadian Tire and Zappos – increase their share of visibility in AI search.

The London startup was founded by former Amazon executive Max Sinclair and Timur Luguev, a PhD and postdoc in AI.

The round included Ignite Ventures, Rank Ventures, eBay Ventures x Techstars, Twinpath and MaRS IAF, as well as strategic angel investors such as the chairman & CEO of The Winn-Dixie Company, and senior leadership at Google DeepMind.

Construction tech provider Causeway Technologies has expanded further into Europe with the acquisition of LetsBuild Aproplan.

The Buckinghamshire firm said the deal extends its reach across Belgium, France, the Netherlands and Luxembourg.

This transaction represents the sixth strategic acquisition by Causeway since Five Arrows made a significant investment in Causeway in 2021. 

Causeway was founded in 1999 by chief executive Phil Brown. It now serves over 3,000 customers globally and has 500 employees.

BGF-backed hybrid cloud and IT managed services provider Celerity has appointed Stephen Leonard as advisor to its board.

Leonard will guide Celerity’s expansion into the IBM Power marketplace in the US.

He brings a wealth of experience from senior roles including CEO of IBM UK, General Manager of IBM Americas and IBM Power Solutions globally, and Senior Vice President, Alliances and Partnerships for Kyndryl.

Over his career, he has led large-scale transformation programmes, strengthened strategic alliances, and advanced enterprise cloud adoption across global markets.

Founded in 2002, North West-based Celerity has established itself as a market leader in cybersecurity, data protection, and data visualisation services. Following a £15 million investment from BGF in 2021, the company has continued to grow through service expansion, strategic partnerships, and targeted acquisitions.

In 2024, Celerity appointed Craig Aston as CEO to lead its next phase of growth.

Sustainable Ventures and Barclays Eagle Labs have launched The National Climate Tech Accelerator (NCTA), a new programme designed to rapidly scale high-potential climate tech startups across the UK.

Founders participating in the accelerator programme will benefit from a blended package of commercial and technical support, including access to the Sustainable Ventures Digital Learning Platform, the Eagle Labs Entrepreneur Academy, and up to $250,000 in Google Cloud credits.

Barclays customers will additionally unlock premium, high-impact acceleration tools including funded 1:1 mentoring, pitch events with climate tech investors, dedicated workspace access across the Eagle Labs network or at Sustainable Ventures and enhanced national visibility through the Barclays Entrepreneur Awards and the NCTA Pitch Competition.

BuiltAI, a financial modelling platform for commercial real estate investment, has secured £4.5 million in seed funding.

The firm was co-founded in 2020 by real estate investment banking and private equity veteran Natan Lempert, who previously held roles at Goldman Sachs, Citi and Benson Elliott, and Firoz Noordeen, previously launched and scaled FinTech ventures as Director at Natwest Ventures.

The company has scaled rapidly in the UK and Europe, where investors have used the platform to analyse $70 billion of investment opportunities over the past year.

The round was led by New York City-based VC Work-Bench, with participation from Lerer Hippeau, Timber Grove Ventures, Emerald Pine as well as several angel investors and property sector veterans. This includes current Manet Capital Managing Partner Jeremy Ford, who previously held senior real estate investment roles at The Carlyle Group and REEF.

Curvestone AI, a workflow automation platform for the financial services, legal and insurance sectors, has raised £3 million in seed funding.

Brothers Dawid and Sebastian Kotur founded the company after running AI automation programmes at PwC, Metro Bank and GKN, and serving as Facebook Developer Circles London Leads for one of the largest AI communities.

Realising GenAI would transform professional services, they shut down their consulting business to build Curvestone AI, which works with law firms, mortgage networks and wealth management firms – including Stephenson Harwood, Browne Jacobson, Walker Morris, and Pivotal Growth, the UK’s leading mortgage and protection advice provider – with insurance expansion underway.

The platform now processes billions of tokens quarterly across legal and financial services workflows. The business has already reached profitability and grew revenue 7x in the last 12 months.

The round was led by MTech Capital, with participation from Boost Capital Partners, D2 Fund, and Portfolio Ventures.

Track Titan has raised a £3.7 million seed round for its AI-powered ‘Strava for motorsport’.

Founded by gamer turned pro-racer Max Teichert – who made the transition following success in the Gran Turismo Academy – the London startup aims to make elite-level coaching and insights accessible to gamers and drivers of all abilities.

Having launched in 2021, the platform already has more than 200,000 users and the company has seen ten-fold growth in ARR over the last two years.

The seed round was co-led by Partech and Game Changers Ventures, the fund led by Alpine F1 co-owner Roger Ehrenberg. They are joined by a raft of high-profile investors including: Colton Parayko, Stanley Cup-winning NHL star; Trevoh Chalobah, Chelsea and England footballer; Sequel, the digital family office for athletes; On CEO Martin Hoffmann; and Third Bridge Founder Emmanuel Tahar.

Existing investor APX, a joint venture by Axel Springer SE and Porsche AG, has also invested again.

A company named Abby Connect has launched a worldwide warning about the irresponsible development of – and broken conversation around – AI.

The campaign, which has begun with billboards in San Francisco, is a response to the approach of companies such as Artisan AI – which went viral with its own West Coast adverts urging companies to stop hiring humans and instead adopt autonomous agents.

Abby Connect says its own campaign is also intended to be provocative and designed to expose the risks of reckless AI.

The virtual receptionist service has been built with humans in mind, it says, and has 20 years of operation ‘serving the frontlines of human connection’.

Now it says it has had enough of attention-grabbing headlines touting the removal of humans from the workplace – a narrative it describes as “dangerous”.

 

Author: Chris Maguire

A beauty technology firm, which won record investment on Dragons’ Den, has today closed a £9.5m ($12m) Series A funding round.

yuv, a London-based company transforming professional hair colour, set an all-time record for both the amount of financing offered and the valuation achieved in the show’s 22-season history when the show was aired in October.

Steven Bartlett and Sara Davies offered a combined £500,000 for 2 per cent equity – valuing the company at £25m.

The latest $12m Series A investment was led by Nineyards Equity, a Sweden-based growth equity firm focused on companies delivering both financial returns and positive ESG impact, with strong participation from yuv’s founder Francisco Gimenez, existing investor VNV Global, and a network of strategic angels.

Millions of crypto owners have gained stronger legal protection as the Property (Digital Assets etc) Act received Royal Assent this week.

England, Wales and Northern Ireland are among the first countries in the world to confirm in law that digital assets – such as cryptocurrency or non-fungible tokens – can now be recognised as personal property. 

This will provide greater protections and ensure they are treated like traditional assets.  

FTSE 100 firm Halma has acquired E2S Group Ltd for £230 million.

Founded in 1992, E2S designs and manufactures notification, initiation and detection devices primarily used in highly hazardous environments in heavy industries and complex manufacturing. 

Headquartered in London, it also has operations in the USA and France.

 

SkinBioTherapeutics plc, a life science group focused on skin health, has reported a 284% increase in full-year revenues to £4.6m.

The Newcastle firm said adjusted EBITDA was a £400k loss, narrowed from £2.1m in 2024, with an operating loss improvement of 61% to £1.1m (2024: £2.9m loss).

Market expectations for the year ending 30th June 2026 are revenue of £6.2m and adjusted EBITDA of £700,000.

Simon Hewitson, who only joined the company in April, stepped down as COO for personal reasons following the year-end period.

Emily Bertram, who was appointed group finance director in April, is to be promoted to CFO and also to the board.

The Information Commissioner’s Office has provided an update on its action to tackle cookie compliance, which has brought the vast majority of the UK’s most used websites into compliance with rules on the use of advertising cookies.

This has given an estimated 80% of UK internet users over the age of 14 – equating to around 40 million people – greater control over how they are tracked for personalised advertising, it said.

Its assessment focused on three key areas of compliance: whether non-essential advertising cookies were stored on users’ devices before users could exercise their choice to accept or reject them; whether rejecting non-essential advertising cookies was as easy as accepting them; and whether any non-essential advertising cookies were placed even though a user had not consented to them.

The ICO says that as a result of this work, 979 of the top 1,000 websites met the ICO’s compliance checks at the time of their most recent test, with only 21 websites identified as still failing.

Greater Manchester-based Squosh Compacting is set to scale its waste management technology.

The tech cuts carbon emissions, reduces costs and boosts recycling rates for businesses and public sector organisations. 

Its service mounts compactors directly onto collection vehicles, increasing bin capacity by at least 50%, reducing collection frequency and delivering significant carbon savings for clients.

 

Sedulo Group is celebrating a record year after recording revenues of £24.5 million.

The business advisory firm said revenues had grown 20% in the year to 31st October 2025 compared with the previous 12 month-period.

The EBITDA for the same period was £3.2m, an 18% increase on the previous year’s result of £2.6m.  The group is now operating at a run rate approaching £26m, it said.

Two-time Olympic triathlon champion Alistair Brownless OBE has joined Redrice Ventures as associate partner.

He’ll be co-lead of the Redrice Sports Collective, partnering with former tennis star Andy Murray.

Redrice provides capital, advice and connections to early stage businesses.

Brownless said: “As a founder and operator myself I’ve learnt plenty about entrepreneurship. I’ve experienced the challenges that many founders face.

“Redrice now gives me the platform to sharpen and scale that work, and to learn from one of the best teams in the space while backing a new generation of founders who are building companies that genuinely change (and lengthen) people’s lives.

“Teaming up with Andy feels exactly right. Two Olympic champions united by the belief that movement and wellbeing should be accessible to everyone.

“The ambition for the Sports Collective is big, and I can’t wait to get started. Excited for what’s ahead.”

French CRM firm Brevo has become Europe’s newest unicorn after announcing a £438m ($583m) funding round,

Paris-based Brevo is a customer relationship management company that was founded in 2012 by Armand Thiberge in India and France to help businesses of all sizes build stronger customer relationships.

The company, previously known as Sendinblue, has grown to our 600,000 customers around the world and surpassed $233m in ARR this October.

The latest fundraise sees General Atlantic and Oakley Capital join Brevo’s existing investors.

CEO Thiberge said: “Today marks a monumental milestone in Brevo’s journey: I am proud to announce a $583m funding round, officially welcoming Brevo into unicorn territory.

“A warm welcome to our new partners, General Atlantic and Oakley Capital.

“Our commitment remains stronger than ever: Product is our North Star. Every single day, we push ourselves to build a more powerful, intuitive, and impactful Brevo.

“Although we celebrate how far we’ve come… it still feels like day one at Brevo. The real journey starts now.”

Manchester-based eCommerce agency PushON has marked its 20th anniversary by reporting 40 per cent year-on-year revenue growth.

PushOn was originally founded in 2005 by Simon Wharton and Roy Wilding as a specialist SEO agency.

The agency quickly expanded into a full-service eCommerce offering, including website development, maintenance and digital marketing.

A breakthrough contract with Bench Clothing pushed PushON into Adobe Commerce (Magento) development, laying the groundwork for the agency’s eCommerce specialism.

High-profile work followed, including projects for Virgin Credit Cards, Hyundai, Silver Cross, Brandon Hire Station, Ryman, and the development of Nottingham Forest’s official site.

Wharton stepped down as managing director in 2017 to make way for Sam Rutley. Alex Hogan, who began as a PPC executive 10 years ago, is now an associate director.

Wharton said: “When Roy and I started PushON, we had the belief that we could do things differently and better, and that belief still drives the business today.

“Our culture has always been informal, open and collaborative. We give people opportunities, and they grab them.

“That approach has carried us through 20 years, and I’m proud that so many talented people have built long careers with us.”

US tech giant Qualcomm has acquired Elevear, a leader in AI-powered adaptive active noise cancellation and advanced audio technologies.

Elevear is based in Aachen, Germany, although co-founder Elfed Howells works out of the UK and is an alumni of Manchester Metropolitan University.

Howells said: “We are over the moon to become part of Qualcomm. What a journey, what a team, and what a result.”

Qualcomm’s Snapdragon brand is the principal shirt sponsor for Manchester United’s men’s, women’s, and academy teams.

A spokesman for Qualcomm said: “By integrating Elevear’s innovations into our Snapdragon sound platforms, we’re reinforcing our commitment to delivering premium, personalised, and immersive audio experiences for consumers worldwide.”