Eco-smart home technology manufacturer, myenergi, has secured a £30m funding package from HSBC UK to support the development and production of innovative smart home energy products. This significant investment will allow myenergi to continue to innovate and grow, underlining its position as a leader in the smart home technology industry. The funding will be used […]
Skarper, the London-based start-up backed by Olympic legend Sir Chris Hoy, with patented technology that transforms regular bikes into high performing eBikes in seconds, has secured an additional £4 million in funding. This is the second funding round in less than 12 months for the business, bringing the total amount invested to £8m, supporting the […]
A UK agritech specialising in the next generation of green insecticides has secured a further round of investment totalling £4 million to scale up the development of its unique nature-inspired pesticides, the first of their kind to be developed worldwide. Investment in this pre-Series A funding round was led by Yield Lab Europe. Other investors […]
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 […]