Utopi, the ESG technology specialist, has announced that it is well into its high-growth phase following its recent investment; as it looks to expand to the US market, secure strategic partnerships and customers, and grow its team across the UK and abroad. Founded in 2019 by a team of four, Utopi has since expanded to […]
The Government has today launched the Research Ventures Catalyst fund, injecting £50 million to bolster cutting-edge research in tech and science. The fund, based on partnerships with private and philanthropic investors, is set to unlock tens of millions of GBP and drive new discoveries across the health, tech and science sectors. The launch of the […]
BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, has invested £3.4 million in Nuada (formerly MOF Technologies), a UK-based company that is redefining the capture of carbon dioxide from foundational and hard-to-abate industries. Carbon capture is an essential climate technology that is required to meet global climate […]
UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten €781m of financing – equivalent to £680m – to support construction of a 286km high-speed electrified railway across southern Turkey. With financing provided through UKEF’s Buyer Credit Facility, Rönesans Holding will finish construction of the Mersin-Adana-Gaziantep High Speed Railway on behalf of the […]
As European startup funding experiences a pullback by investors, it’s more important than ever for VCs to collaborate and support emerging managers. Denis Shafranik, Co-founder, and Managing Partner of Concentric, the pan-European VC, discusses why Funds of Funds are a great way of doing that. As we settle into the second half of 2023, a […]
Dame Jayne-Anne Gadhia, one of Britain’s most prominent businesswomen, is in advanced talks to sell her money-saving app to Vanquis Banking Group, the consumer lender. It is understood that Dame Jayne-Anne is nearing a deal with Vanquis – formerly known as Provident Financial – with an announcement possible in the coming weeks. The former Virgin […]
Birmingham-based healthcare technology company Medmin Group Ltd (Medmin) has secured a £750,000 investment, as part of a larger £1,450,000 funding round. This £750,000 will come from two different funds: £500,000 will come from the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, and the remaining £250,000 from the West Midlands Co-Investment […]
London startup BoxxDocks, whose world-first tech logistics boxes offer a smart solution to improving efficiency and reducing carbon footprints in shipping, has hit £250,000 in pre-seed funding, following an investment from British Design Fund. Unlike traditional fixed-size packing boxes currently used in warehouses and delivery vans across the world, BoxxDocks’ patent-pending smart logistics boxes can […]
UK FinTech funding has dipped in the first half of 2023, as total cash raised by UK fintech firms reached $2.9 billion in the first six months, showing a 37 per cent decrease compared to the later half of last year, according to new figures from industry body Innovate Finance. Investment has also appeared to […]
A health technology business co-founded by Daniel Ek, the chief executive of Spotify, has raised €60 million to open clinics throughout Europe and Britain that aim to pick up serious diseases early. Neko Health has developed a body-scanning technology that it is claimed can give patients a full check-up in about ten minutes. Seventy different […]