Global investors distanced themselves from purportedly ‘ethical’ funds last year, pulling out over $10 billion amidst allegations of greenwashing. Between 2020 and 2022, investors poured six times more capital into funds purportedly supporting companies with high ethical, social, and governance (ESG) standards compared to traditional equities. However, the tide turned against the sector last year, […]
Spacegoods, a next-generation wellness brand specialising in functional mushrooms and nootropics, has raised a £2.5M seed round. The investment was led by FoodTech specialist venture capital firm Five Seasons Ventures, with participation from Redrice Ventures, Slingshot Ventures, and G-FUND. The investment will enable Spacegoods to solidify its position as the leading mushroom-based wellness brand in […]
Innovate UK has supported the scientific development of meals designed specifically for breast cancer survivors with a near £500k grant. One-in-seven women across the UK will develop breast cancer in their lifetime, with many feeling a sense of ‘abandonment’ once their treatment ends, making this a difficult and emotional time. Field Doctor, the creators of science-led, […]
Rightmove has acquired a platform that displays reviews of property developments by residents for £8m. HomeViews Platform has been snapped up by the London-listed property portal while its chief executive, Rory Cramer, will continue in his role. The London-based company refers to itself as the UK’s biggest community of verified resident reviews of property developments […]
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 […]