The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more cautious about using AI. “Investment is something that’s very serious, it affects people and their long-term life […]
A venture capital firm backed by Sir Richard Branson has raised $250 million to invest in technology businesses in Britain, the United States and the Nordic region. The fund will base its global headquarters in London and has brought in Lord Browne of Madingley, the former BP chief executive, David Miliband, the former foreign secretary, […]
YouLend has announced the completion of a private securitisation transaction with global financial services firm J.P. Morgan as a senior lender and Castlelake, L.P. providing subordinate debt. The deal will enable YouLend to extend £4 billion in additional revenue-based financing to SMEs. This will be accessible via partnered global e-commerce sites, tech companies, and payment […]
Monta, the operating platform powering the EV charging ecosystem, today announced the close of its €80M Series B round, bringing the company’s total funding to €130M in just three years. Energize Capital led the round with participation from returning investors Headline, byFounders, AENU and Creandum. New investors include GreenPoint Partners, Quantum Light and Denmark’s state-backed […]
Concrete4Change (C4C), an advanced materials company that permanently captures and utilises CO2 by mineralising it in concrete, has raised £2.5 million in seed funding. The round was led by Zacua Ventures, an early-stage venture fund focused on the built environment and Counteract, a carbon removals focused venture fund, with participation from the family office of […]
Frasers Group has snapped up luxury clothing website Matches Fashion for £52million. The company, which is controlled by billionaire Mike Ashley, will buy Matches from private equity firm Apax Partners, its owner since 2017. It marks a further expansion of Ashley’s empire, with Frasers owning retailers including Sports Direct, House of Fraser and Flannels as […]
The number of entrepreneurs under the age of 40 selling their businesses has increased by 23% in the last year, rising from 4,719 in 2019/20 to 5,803 in 2020/21, new research shows. Recent years have seen significant success stories for young UK tech company entrepreneurs selling their businesses to PE/VC funds, alongside consolidation across various […]
Harriet, the first full-stack AI solution designed to get companies’ internal data ready for the AI revolution, relieve People teams of their daily admin burden, and give every staff member their own HR assistant, has raised a £1.2m pre-seed round led by Concept Ventures and joined by Frontline Ventures, Portfolio Ventures, and Notion Capital. Poor […]
A new partnership between the University of Liverpool’s VEC (Virtual Engineering Centre), Liverpool John Moores University (LJMU) and Edge Hill University has launched to support business innovation across the Liverpool City Region (LCR). The new £5.1m Horizons programme, funded by the Liverpool City Region’s £44m UK Shared Prosperity Fund (UKSPF) allocation, will support more than […]
Maison Sport, the leading online platform connecting ski enthusiasts with professional instructors, has announced the successful completion of an ambitious £3.1 million investment round, bolstering its position as a trailblazer in the ski tech industry. The investment will be instrumental in expanding the platform’s lesson offerings, accommodating the surging demand for personalised and professional skiing […]