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 […]
Prime Minister Rishi Sunak and Chancellor Jeremy Hunt should cut companies’ national insurance contributions and make the temporary business investment tax relief permanent, an influential think tank has argued in a radical blueprint to overhaul the UK’s tax regime. Employers’ should be subjected to a 12.8 per cent national insurance levy, one percentage point lower […]
Healthy foods business Foodhak is successfully designing nutritious meals by using generative AI to process the results of more than 200,000 clinical health trials, it has announced. In a world first, the trailblazing company is now at the forefront of utilising state-of-the-art artificial intelligence techniques to perfect its foods which have medicinal benefits. It has […]