BT Group has acquired TalkTalk's consumer broadband business and its wholesale arm PXC for £400m in a sale out of administration, five years after the company was taken private at £1.1bn. The Government has issued a Public Interest Intervention Notice, and the Competition and Markets Authority must report by 19 October.
Manchester cyber security startup Ghost Shift has closed a £250,000 pre-seed round backed by four angel groups, unlocking a further £215,000 in matched funding from UK Research and Innovation. The grant means 46 per cent of the £465,000 total arrives without dilution.
London biosensor company Sava Technologies has raised $36m (€32.08m) in a Series B led by Ascensia, taking total funding to $68m (€60.6m). The lead investor has also been appointed commercialisation and distribution partner for Sava's glucose microsensor, starting in Europe.
University of Sussex spinout Universal Quantum has raised $100m (about €89m) in a Series A co-led by DCVC and Firgun Ventures, which it describes as the largest Series A by a UK-headquartered quantum company. The round takes total funding past $125m; the valuation was not disclosed.
London open banking payments company TrueLayer has raised $27m in a round led by CDP Venture Capital, the Italian state-backed investor, which joins the cap table for the first time. The round takes total funding to about $350m; the valuation was not disclosed.
Oxford-headquartered Sensible Biotechnologies has announced $47m (about £35.5m) of financing, pairing a Series A led by Oxford Science Enterprises with up to $20m of non-dilutive funding from the Slovak government and the European Union. In-Q-Tel and OTB Ventures join the cap table; the valuation was not disclosed.
BT Group has acquired TalkTalk's consumer broadband business and its wholesale arm PXC for £400m in a sale out of administration, five years after the company was taken private at £1.1bn. The Government has issued a Public Interest Intervention Notice, and the Competition and Markets Authority must report by 19 October.
ElevenLabs has completed a $300m (about £224m) secondary share sale at a $22bn valuation, double the $11bn price set in its $500m Series D in February. Wellington and T. Rowe Price co-led the tender, which brought six new institutions onto the cap table.
Lime Technologies, the UK subsidiary of the Uber-backed micromobility group, lifted pre-tax profit to £4.7m from £1.7m in 2025 as sales rose by a third to £148m and average monthly riders grew 31% to almost 700,000.
London-headquartered AI infrastructure group Nscale has raised $3.36bn (about £2.5bn) in convertible notes led by hedge fund Third Point, with $2.36bn funded at closing and a further $1bn from Nvidia due in mid-November. The notes convert into equity when the company lists on the New York Stock Exchange.
