Funding Announcements

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The latest funding rounds from the UK tech ecosystem. Updated 31 July 2026.

Growth
£85.2M

Hyundai and Kia led the investment round to support the joint development of commercial electric vehicles.

"Arrival has created a game changing product category – Generation 2 Electric Vehicles. Hyundai and KIA make world-class vehicles with uncompromising quality. This strategic partnership will empower our companies to scale Generation 2 Electric Vehicles globally"
— Denis Sverdlov, Founder and CEO
Growth
£45.0M

Aviva Investors backed the network operator with £45m to accelerate full fibre deployment across the UK.

"I took over the reins of the business in early 2018 and focused on reshaping the business; strengthening all aspects of our operations and strategic approach. This has created a strong foundation for this next phase of our growth."
— Daren Baythorpe, CEO
Growth
£2320M

Blackstone takes a majority position in the dating app owner as founder Andrey Andreev steps down.

"Blackstone presented MagicLab with a great opportunity to further develop the brands and platform, and I am confident Blackstone will take MagicLab to the next level in terms of growth and expansion. I am incredibly proud of the company, and of how we have connected millions of people around the world. At MagicLab, I have had the pleasure of working with some of the best and most talented entrepreneurs. My aim now is to ensure a smooth and successful transition before I embark on a new business venture in search of innovative leaders with new and exciting ideas. I am grateful for all the support of my partners and employees over the years as we couldn’t have gotten to this point without them. I wish MagicLab and Blackstone every success."
— Andrey Andreev, Founder
Growth
£10.4M

SmartSearch has received a growth equity investment from Marlin Equity Partners to scale its compliance platform.

"We first met Marlin through an investment process we ran to find a partner; the high degree of interest in our business impressed everyone and Marlin stood out from the crowd. It was clear from our first meeting that Marlin has a deep understanding of our sector, our business model and they had done their homework. They quickly demonstrated how they could add value to our business, and we had a strong meeting of minds with a common goal."
— John Dobson, CEO