The Development Bank of Wales has confirmed its third equity investment in Wagonex, the UK’s leading mobility subscription platform provider – just one week after the announcement of a first strategic investment by Admiral Pioneer. Launched in 2016, Wagonex designs, builds, and manages flexible, all-inclusive technology automotive subscription platforms, which enable vehicle suppliers to offer […]
An investment vehicle designed to pump cash into agricultural land has shelved plans for an initial public offering in London due to “high levels of market volatility and uncertainty”. The Sustainable Farmland Trust, which announced plans for an IPO last month, has now withdrawn the plans and said it will published a revised timetable in […]
Shares, Europe’s first social and community-based investing app, has announced that international tennis champions, Venus and Serena Williams, have been appointed the first ambassadors of Shares as they become shareholders in the company. This news comes shortly after Shares has closed on its $40 million Series B funding round led by Peter Thiel Fund, Valar […]
‘Women drive innovation’ was the motto at the German ‘Tech Oscars’, The Tech Awards Gala 2022 by WLOUNGE in Berlin. This is one of the largest and most prestigious award ceremonies of the German technology industry, focusing on the innovation strength of women and diverse teams in the tech ecosystem regarding its impact, influence, sustainability […]
A group of the UK’s leading entrepreneurs have urged the Prime Minister to back a new entrepreneurship competition in a push to get British startups back on track. In a letter to Liz Truss, the group, which include senior management from crowdfunding firm Seedrs and food-sharing app Olio, called on the government to fill the […]
Oxford University’s start-up incubator, opened by the Apple chief executive Tim Cook, has closed its doors to students after only five years and even though it received £3.2 million in launch funding. High-profile donors to the centre, called the Oxford Foundry, included Reid Hoffman, the LinkedIn founder, who gave £1 million, as well as Biz […]
Bristol-based Anaphite, which is developing new technology to improve batteries for electric vehicles, has raised just under £1 million from Wealth Club clients under the Enterprise Investment Scheme (EIS). The funding was part of Anaphite’s latest £4.1 million funding institutional round, with Wealth Club taking 20% of the raise. Blue Wire Capital, OION, Zero Carbon […]
Manchester-based risk management platform RiskSmart has launched in the UK following a £1m investment from NPIF Maven Equity Finance alongside institutional investors. Founded earlier this year by Ryan Swann and Michael Aldred, the regtech company has built a risk management platform for small to medium-sized businesses. “RiskSmart’s mission is to help businesses succeed through simple, […]
Auddy, a London-based startup that provides producing, advertising and comms podcasting solutions for businesses, has secured £2.5m in funding. Early-stage venture capital trust Pembroke VCT led the funding round with a £1.8m investment. The remaining capital came from existing investors Haatch Ventures and Brick Capital Ventures. Auddy was founded in 2020 by former executives from […]
London-based events startup Pollen has entered administration after failing to find a buyer. The collapse of Pollen comes just months after it raised $150m (£124) in funding. The company, which has received taxpayer funding via the government’s Future Fund, had been seeking a buyer for the whole business. But according to an email sent by […]