Sustainable Ventures, Europe’s leading climate tech hub, has committed nearly a quarter (23%) of its investments to entirely female founders, a figure 12 times higher than the global industry average of 1.8% for female-founded teams in Europe in 2023. This significant milestone was disclosed as Sustainable Ventures celebrated its 50th investment. Notably, two-thirds (65%) of […]
Cheyne Capital and Liam Griffin, the owners of Addison Lee, have engaged investment bank Jefferies to explore a possible sale of the well-known London minicab firm. Addison Lee, which has been a fixture on London’s roads since its founding in 1975, is now being considered for sale by its majority shareholder, Cheyne Capital’s Strategic Value […]
London-based DNEG, renowned for its work on films like Dune: Part Two and Oppenheimer, has achieved a valuation exceeding $2 billion following a significant fundraising round backed by a leading Abu Dhabi investor. The DNEG Group secured a $200 million investment from United Al Saqer Group, an Abu Dhabi-based conglomerate supported by a member of […]
Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with the potential to expand to £120 million, will significantly enhance Simply Asset Finance’s capacity to fund businesses across the UK. The agreement strengthens Bank of America’s position as […]
Used car search platform MOTORS has acquired the Cazoo brand, announcing plans to transform it into a cutting-edge, mobile-first digital marketplace. This strategic move aims to leverage MOTORS’ extensive 15-year experience to provide a fresh and innovative car buying experience. In the coming weeks, MOTORS will unveil an all-new Cazoo app, followed by a revamped […]
Lord Alan Sugar has officially invested in R Nation, the company run by Rachel Woolford, the latest winner of BBC One’s The Apprentice. Woolford secured the £250,000 investment after defeating Phil Turner in the show’s final, which aired in April. According to documents filed with Companies House, Lord Sugar’s investment firm, Amsvest Limited, has acquired […]
Cardiff-based start-up Space Forge, aiming to launch robotic factories into space, has secured funding from Nato’s $1.1bn (£870m) investment fund. Space Forge plans to utilise low-gravity conditions in space to manufacture crystals for advanced microchips, new medicines, and super-alloys. These satellites, designed to be the world’s first reusable orbiting factories, will return to Earth using […]
Octopus Energy, the UK’s largest electricity supplier, has announced plans to invest $2 billion in renewable energy projects across the United States by the end of the decade. The company has initiated its expansion by acquiring two solar farms from Vesper Energy, a US-based renewable energy developer, located in Pennsylvania and Ohio. These projects boast […]
WorkL, the organisation behind the World’s Happiest Workplace List and The Sunday Times Best Places to Work, has successfully raised £2 million in a Series A funding round, in partnership with Calculus Capital. This funding aims to expedite WorkL’s international growth following five successful years of expansion. Founded by Lord Mark Price, former Deputy Chairman […]
Gener8 – a free-to-use app empowering people to control and be rewarded from their data – has announced a £2m funding round, valuing the company at £39m. A consortium of investors participated in the round and joined past investors including musician Tinie Tempah, legendary football manager, Harry Redknapp, and Dragons’ Den stars, Peter Jones, Touker […]