Stripe, the Irish-American payments group, has described a “significant deceleration” in growth after years of rapid expansion. Start-ups face a challenging environment that is “getting harder”, its founders cautioned in their annual letter, after venture capital investments declined by two thirds from the start of 2021 to the end of last year. Based in San […]
Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned. The venture capital sector globally has been buffeted by rapid interest rate hikes and wild market gyrations in the past 12 months, with investors dramatically scaling back investment […]
A London-based corporate intelligence specialist set up by former spies has launched an investment fund to support high-growth companies with the knowledge that it gathers from its network of contacts. Hakluyt has set up a growth fund focusing on Silicon Valley start-ups as it seeks to provide strategic advice to a sector it feels is […]
Start-up organisation Tech Nation said it is in talks to sell its brand to Brent Hoberman’s Founders Forum today as it prepares to wind down at the end of this month. The start-up network, which was launched in 2011 under David Cameron’s coalition government, announced in January that it would shut its doors after ministers […]
Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches. Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at Rothschild on plans to raise new capital or sell the company outright. Snoop was launched […]
BACX, the performance energy drink startup, has announced a £1.2m seed funding round, led by four-time F1 World Champion Sebastian Vettel. Vettel, who retired from F1 last year, exclusively used BACX in fitness training and in the car during the 2022 season, when racing for Aston Martin. Following his experience of using the products, and […]
UK-based Legislate today announced it has added $3.6M in funding in a round led by Parkwalk Advisors, with participation from Oxford Capital and several high-profile angel investors. Using its patented knowledge graph technology, Legislate provides companies with ontologies of legal terms, allowing anyone in the business to semantically search for information across an entire database of contracts. The company, which […]
Bonnet, an electric vehicle charger aggregator in the UK and Europe, is inviting its more than 150,000 strong driver community to join top-flight global investors in taking a stake in the company, as it accelerates its popular service across the continent. This news comes as Bonnet has more than doubled its coverage in Europe in […]
A host of “innovation hubs” are set to be launched in cities across the UK today as part of a Treasury-backed plans to boost the growth of fintech beyond London. The hubs have been announced as part of the launch of the new Centre for Finance, Innovation and Technology (CFIT), a key recommendation of the […]
Start-up group Tech Nation has reportedly lined up a host of potential bidders for its assets as it prepares to close down in March following the government’s controversial move to hand its funding to Barclays. Around 30 buyers have now lined up to potentially swoop on the firm’s assets, including the networking group run by […]