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 This move aims to transform the outdated recruitment industry and deliver faster, more cost-effective hiring solutions for businesses globally.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 […]
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 […]