NavLive, which has newly developed an AI-powered, handheld scanning tool offering architects and construction professionals the ability to create high precision building site scans in real time, launches today with £3.3m in Seed funding. The round was led by deep tech investor OSE, with participation from SOSV, Oxford Capital Partners, Clearance Venture Partners, AE Works, […]
Swedish startup Alrik has secured new investment to accelerate its mission of transforming construction logistics, raising fresh funding led by Nordic VC People Ventures and with further backing from existing investor Pi Labs. The new capital brings the company’s total raised to €7 million. Alrik is building what it describes as the global construction logistics […]
Oxford Brain Diagnostics (OBD) is preparing to launch its groundbreaking technology for the early diagnosis of dementia across the UK and US healthcare markets, following a wave of key regulatory approvals that mark a major milestone in the company’s growth. Backed by growth capital investor BGF, the Oxford-based medtech firm will begin commercial deployment of […]
Zuber Issa, the billionaire entrepreneur who co-led the £6.8 billion acquisition of Asda in 2021, is investing millions in a new venture — the revival of Duckhams, a storied British motor oil brand once favoured by Formula 1 legends including Nigel Mansell and Ayrton Senna. Issa’s investment, made independently of his brother Mohsin, is set […]
OnlyFans, the content subscription platform best known for its ties to the adult entertainment industry, could soon have new owners. According to reports, a US investor group led by Los Angeles-based Forest Road Company is in talks to acquire the London-headquartered platform for up to $8 billion. The sale would mark a significant exit for […]
Fast-growing self storage operator Pink Storage has completed a £1.5 million investment into a newly acquired site in Nottingham, marking the latest milestone in its ambitious UK expansion strategy. The deal includes the £1.1 million acquisition of StoreWise, a 102-unit storage facility situated on a 1.3-acre site, alongside an additional £370,000 earmarked for upgrades. The […]
ScaleWise, the go-to-market (GTM) and talent partner for scaling B2B tech companies, has announced its role in supporting BGF’s £15 million investment in Cronofy, the fast-growing scheduling infrastructure platform. As part of the deal, BGF enlisted ScaleWise to deliver a practitioner-led commercial due diligence assessment, focusing on Cronofy’s go-to-market capabilities and market positioning. The engagement […]
Strava, the fitness tracking app that has become a lockdown staple for millions of runners and cyclists, has confirmed a new valuation of $2.2 billion following its recent acquisition of Runna, a UK-based running coaching platform. The deal, announced in April and completed on Thursday, marks a major step in Strava’s push to deepen its […]
OpenAI has announced a major strategic move to accelerate its expansion into hardware, with the acquisition of io, the San Francisco-based tech start-up founded by Sir Jony Ive, the former chief design officer at Apple. The merger, valued at $6.5 billion (£4.8 billion), will bring together Ive’s team of engineers, product developers and designers under […]
Artificial intelligence continues to dominate venture capital headlines — and cheques — but a new report from Silicon Valley Bank (SVB) warns the surge in AI investment is masking a growing divide in the startup ecosystem, with many non-AI ventures starved of capital and so-called ‘zombiecorns’ now on the rise. According to SVB’s State of […]