Killing Kittens, the UK-based sex party organiser partly backed by the government, is raising funds to fuel its global expansion and develop new ventures, including a permanent venue, cruise ship events, and a gay male-focused enterprise. KK Group, operating under the Killing Kittens brand, is aiming to meet the growing demand for “meaningful in-person connections” […]
London-based tech firm Goodstack has secured £22 million in venture capital funding, positioning it to facilitate £2.4 billion in employee donations to good causes this year. The company, whose platform is utilised by major corporations such as HSBC, LinkedIn, and design software firm Canva, has been quietly investing the capital raised from San Francisco-based General […]
Kuberno, a global provider of legal entity management software, has closed its Series A funding round with a total of £9.5 million, including a recent £6 million investment from Barclays and Nasdaq Ventures. This capital injection follows Nasdaq Ventures’ initial investment in March 2023, and Kuberno has since achieved impressive growth, tripling its annual revenue […]
Brookfield, chaired by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Orsted for £1.75 billion ($2.3 billion). This significant deal includes the world’s largest single offshore wind farm, Hornsea 2, located 55 miles off the Yorkshire coast with a capacity of 1.32 gigawatts—enough […]
Small businesses in southeast England are benefitting from a strong recovery in bank lending, leaving the rest of the UK trailing behind, according to new research from the British Business Bank. Lending to businesses in the region surged, driving a 21% rise in approved loans and overdrafts across the UK in the first half of […]
Investment in UK start-ups has hit its lowest level in six years, highlighting the growing challenge for the government in stimulating economic growth. In the three months to September, there were just 32 fundraising rounds for early-stage businesses, down from 75 in the previous quarter, according to data provided to The Times. A study commissioned […]
Billionaire retail mogul Mohsin Issa, former CEO and co-owner of Asda, has made his first major investment since stepping down from the supermarket giant, putting £10 million into Liverpool-based sports supplements company, Applied Nutrition. The company is preparing to go public on the London Stock Exchange. Issa’s investment in Applied Nutrition comes through his investment […]
FinTech Monese has been saved by Cardiff-based digital banking provider Pockit after HSBC became the latest investor to write off its investment in the struggling London firm. The acquisition comes after Monese’s failure to raise new funds and pre-tax losses of £30.5 million in 2022, despite revenues climbing to £27.7m. Founded in 2015 as the […]
Perlego, an education technology platform known as the “Spotify for textbooks,” has secured a $20m fundraising round led by Sir Terry Leahy, the former CEO of Tesco. The digital library service, which offers unlimited access to academic titles via subscription, is expected to announce the capital injection this week. The new funding round also includes […]
Private equity firms are circling Evelyn Partners’ accountancy division, which has been put up for sale and is attracting significant interest despite rising regulatory scrutiny. Among the interested parties is Apax, which is reportedly considering a bid for the professional services division that offers accounting and tax services. The unit could be valued at over […]