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 […]
Octopus Energy Group has strengthened its global presence with the addition of world-class investors Galvanize Climate Solutions and Lightrock. This follows a significant investment boost from Generation Investment Management and Canada Pension Plan Investment Board (CPP Investments) last month, reaffirming Octopus’ valuation at $9bn (£7.2bn), a 15% increase since December 2023. Galvanize Climate Solutions, a […]
Fuuse, the UK’s leading electric vehicle charge point management platform, has secured substantial funding to propel its next phase of growth in the UK and Ireland. Investment has come from lead investor YFM Equity Partners, and existing investors Par Equity and an angel syndicate. Based in Lancaster and employing over 60 staff, Fuuse has grown […]
Software company ClearWatt provides transparency to the second-hand electric car market by measuring and certifying EV battery health. Its EV Health Checker app provides consumers and dealers with critical information needed to make more informed purchase decisions. As part of its latest funding round, Prova Investments took an equity stake in ClearWatt, adding the software […]