Guild Esports, the David Beckham-backed gaming group, is teetering on the brink of collapse less than four years after its high-profile listing on the London Stock Exchange. The company, which competes in video game tournaments for titles like Fortnite and Tekken, has warned shareholders of its dire financial straits, with only £25,000 left in its […]
The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10 million in private investment and grants, with nearly £20 million in total commitments. This initiative is fostering innovation in various fields, from AI efficiency to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second cohort of ChipStart, a programme launched in […]
Cardiff-based travel platform Lovetovisit, specialising in local attractions, experiences, and events, has successfully raised £3.2 million in venture capital to expand its operations. The funding round was led by Venrex and Redrice Ventures, with participation from Active Partners, Velocity Partners, and a network of angel investors. Established in 2021 by twin sisters Georgia and Alice […]
Golf technology firm, Shot Scope, has raised $8.5m in a Series B funding round led by Guinness Ventures which invested $4m. The funding round also included investment from key participants; Scottish Enterprise, Growthdeck, The SideBySide Partnership, and Edinburgh based Equity Gap, alongside Virgin Money providing $1.9m debt finance as part of the funding round. David […]
The financial technology powerhouse Revolut has finally obtained a long-anticipated banking licence from the Bank of England’s Prudential Regulation Authority (PRA), enhancing its capability to compete with traditional high street banks and providing improved consumer protections for millions of UK customers. Revolut’s pursuit of this licence spanned three years, significantly longer than usual due to […]
The UK Space Agency has awarded a £1.3 million Major Project grant to Orbit Fab under the National Space Innovation Programme, marking a significant step towards pioneering sustainable space operations. This funding will support the development of a high-pressure variant of the RAFTI (Rapidly Attachable Fuel Transfer Interface) refuelling port, slated for release in 2025. […]
GrowUp, the UK’s best-selling vertical farm, announced a substantial £38 million investment from Generate Capital, a prominent sustainable infrastructure investment and operating company This investment aims to meet the growing demand for GrowUp’s ready-to-eat salads, renowned for being locally grown and pesticide-free. Generate Capital’s investment will primarily support the expansion of GrowUp’s Kent vertical farm, […]
Xapien, a leading provider of AI-driven due diligence solutions, has announced the successful completion of an £8M ($10M) Series A funding round, led by YFM Equity Partners. This brings the company’s total funding to £14M ($17.8M). The fresh capital will be used to revolutionise how businesses conduct due diligence, allowing organisations to perform comprehensive checks […]
Steven Bartlett, renowned for his role on BBC’s Dragons’ Den and as host of the Diary of a CEO podcast, has announced his investment in Chapter 2, a tech-enabled recruitment and talent company. This move aims to transform the outdated recruitment industry and deliver faster, more cost-effective hiring solutions for businesses globally. Founded by Leo […]
The space industry is projected to be worth $1.8 trillion globally by 2035, up from $630 billion in 2023, according to McKinsey. In the UK, satellite navigation and communication underpin an estimated 17.7% of the nation’s GDP. While billion-dollar rocket companies like SpaceX and Blue Origin capture headlines, the UK’s space sector consists predominantly of […]