UK Tech Roundup — 2026-06-29
The British Business Bank has deployed over £600M into 50+ UK tech companies, while Osney Capital closed the UK's first dedicated cyber seed fund at £60M. Meanwhile, £166.65m in tech funding flowed through nine rounds this week—a 49% surge—as the government backs fintech innovation and AI infrastructure through Oxford and UCL labs.
UK Tech Roundup — 2026-06-29
💷 Funding & Deals
British Business Bank reaches £600M tech portfolio milestone
The British Business Bank has deployed over £600M across 50+ UK tech companies, backing autonomous vehicle leader Wayve, crypto exchange Kraken, and quantum computing startup Quantum Motion. The bank is now pushing pension funds to join its scale-up investment strategy.
Osney Capital closes £60M debut cyber seed fund
Osney Capital has closed an oversubscribed £60M debut fund to back early-stage UK cybersecurity startups, backed by the British Business Bank, the National Security Strategic Investment Fund (NSSIF), and Imperial College London. It becomes the UK's first dedicated cyber seed fund.
UK tech funding hits £166.65m across nine rounds
UK Tech News tracked £166.65m in tech investment this week (22–26 June), a 49% week-on-week increase across nine funding rounds including deals for HR and workplace software platforms.
🏦 Fintech Focus
Top five fintech stories headline June's banking tech momentum
June 2026 saw fintech innovation accelerate across London, with stories spanning neobank onboarding compliance, payments modernization, and the Bank of England. Fintech Awards London 2026 winners including Iwoca, Zilch, and Tunic Pay demonstrated the capital's market resilience and scaling momentum.
UK fintech vacancies surge 14% as hiring shifts to payments
UK fintech job vacancies are projected to rise nearly 14% in 2026, following a strong 28% rise in 2025. Payments roles are leading demand as London retains its position as a global fintech hub.
🏛️ Policy & Regulation
UK government invests £60M in open-source AI labs at Oxford and UCL
The UK can't outspend Big Tech on AI, so it's outsmarting it. A new £60M public investment will fund research labs at Oxford University and UCL to build efficient, open-source AI models, underpinning the government's strategy to develop homegrown AI capability.
📊 Week in Numbers
- £600M deployed by British Business Bank into 50+ UK tech companies
- £166.65m tracked in UK tech funding this week across nine rounds — a 49% week-on-week increase
- £60M Osney Capital's debut cyber seed fund, the UK's first dedicated to early-stage cybersecurity
- 14% projected rise in UK fintech job vacancies in 2026, driven by payments sector growth
👀 What to Watch Next Week
No confirmed upcoming events or policy deadlines were found in the research results for the week ahead. Monitor UKTN, Tech Funding News, and gov.uk for announcements on AI regulation updates, new grant rounds from Innovate UK, or further fintech regulatory guidance.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
