GraphEnergyTech, a Cambridge spin-out pioneering alternative electrodes for solar panels, has secured £1 million in funding from an investment round led by Aramco Ventures, the venture capital arm of Saudi Aramco. The company has developed a novel conductive graphene ink for solar panel electrodes, offering a more sustainable and cost-effective alternative to the silver traditionally […]
Board Intelligence, a leading AI-driven firm enhancing boardroom performance, has sold a majority stake to Californian private equity house K1, valuing the London-based business at up to $300 million (£230 million). This significant investment will see multimillion-pound payouts to founders Jennifer Sundberg, 44, and Pippa Begg, 40. The founders plan to leverage K1’s investment to […]
Britain’s battery industry, once in decline, could see a resurgence with the introduction of locally produced lithium iron phosphate (LFP), a critical component in electric vehicle (EV) batteries. Behnam Hormozi, founder of Integrals Power, believes that producing a cleaner, higher-quality version of LFP in the UK could reduce dependence on Chinese imports and revitalise the […]
Guild Esports, the David Beckham-backed gaming group, is teetering on the brink of collapse less than four years after its high-profile listing on the London Stock Exchange. The company, which competes in video game tournaments for titles like Fortnite and Tekken, has warned shareholders of its dire financial straits, with only £25,000 left in its […]
The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10 million in private investment and grants, with nearly £20 million in total commitments. This initiative is fostering innovation in various fields, from AI efficiency to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second cohort of ChipStart, a programme launched in […]
Cardiff-based travel platform Lovetovisit, specialising in local attractions, experiences, and events, has successfully raised £3.2 million in venture capital to expand its operations. The funding round was led by Venrex and Redrice Ventures, with participation from Active Partners, Velocity Partners, and a network of angel investors. Established in 2021 by twin sisters Georgia and Alice […]
Golf technology firm, Shot Scope, has raised $8.5m in a Series B funding round led by Guinness Ventures which invested $4m. The funding round also included investment from key participants; Scottish Enterprise, Growthdeck, The SideBySide Partnership, and Edinburgh based Equity Gap, alongside Virgin Money providing $1.9m debt finance as part of the funding round. David […]
The financial technology powerhouse Revolut has finally obtained a long-anticipated banking licence from the Bank of England’s Prudential Regulation Authority (PRA), enhancing its capability to compete with traditional high street banks and providing improved consumer protections for millions of UK customers. Revolut’s pursuit of this licence spanned three years, significantly longer than usual due to […]
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, […]