UK‑based B2B software startup Souk secured $1.6 million in pre‑seed financing led by Sure Valley Ventures, with participation from Antler, Fuel Ventures and angel investors. The funds will be used to advance its AI Partner Manager, Coco, which automates partner lifecycle tasks and aims to reactivate dormant B2B relationships into revenue streams.
Backbone, a Belgian food‑industry software startup founded in 2025, secured €4 million in a pre‑seed round led by Pitchdrive. The funding will accelerate its AI‑driven platform that centralises quality and compliance data for food companies and supports its expansion into the UK and the Netherlands.
London‑based Pharosyn, an AI‑powered competitive intelligence platform for biopharma, raised €2.5 million in a round led by Moonfire to expand its product and accelerate adoption among pharmaceutical commercial and portfolio strategy teams.
UK‑based cleantech startup Ki 13 secured $5 million in seed capital, led by HICO Investment Group, to construct an industrial pilot plant for its low‑temperature biomass electrolysis process that simultaneously produces green hydrogen and biogenic CO₂ for synthetic fuels such as e‑SAF, e‑methanol and e‑methane.
Berlin‑based energy platform Cloover, founded in 2023, announced it has become profitable with a $350 million revenue run rate and secured a $100 million financing facility backed by a €350 million European Investment Fund guarantee, expanding its capacity to fund residential solar, heat‑pump and home‑electrification projects in Germany, the UK, France and Poland.
After 3.5 years of strong growth, NORM, the data and insight layer behind RetailMedia.One, is becoming a standalone platform to provide retailers and brands with granular measurement of retail media effectiveness, with plans to expand into the UK, Germany, France and Belgium.
London‑based movement‑intelligence platform HITAI bought the technology and intellectual property of YC‑backed fitness‑gaming studio Quell, adding its camera‑less, real‑time motion‑recognition tech to enhance HITAI’s sports video analytics platform.
Starling Bank, the UK‑based challenger bank, rolled out an artificial‑intelligence platform to automate parts of its workflow. While the move aims to improve efficiency, employees have voiced worries that the technology could replace human roles and affect service quality.
Revolut has launched a new internal AI research division to build its own AI models for the fintech sector, emphasizing in‑house development over third‑party tools.
Ploughshare’s Technology and Growth (TAG) Alliance grew to 19 members, adding major organisations such as Babcock, Frazer‑Nash Consultancy and UKRI, and anticipates three new defence‑technology spin‑outs by year‑end, aiming to bring UK defence IP to wider markets.