A guarantee from UK Export Finance (UKEF) has provided Northern Ireland-based bus manufacturer Wrightbus with £50 million in financing to support its ambitious exporting strategy. This Export Development Guarantee sees the UK’s export credit agency guarantee 80 percent of the loan from Barclays Bank. This financing builds on previous government support announced last year, helping […]
Spinout About:Energy has successfully closed a seed investment round with funding of £1.5 million. The rounds had participation from HighSage Ventures, Vireo Ventures, Rishi Khosla, Plug & Play Ventures, and Electric Revolution Ventures. The funding will enable the battery software company, which started trading in 2022 after spinning out of the University of Birmingham and […]
Software as a Service (SaaS) developer, Ringover, has announced the completion of a €20 million financing round. The round led by Orange Ventures and Bpifrance’s Large Venture and accompanied by historical investor Expedition Growth Capital. This new round of funding will enable Ringover to significantly step up its investment in research and development, particularly in […]
A new online marketplace, dedicated to buying and selling pre-loved clothing for children, has received an investment of £150,000 to unlock its plans for growth. Just three months since launch, Cress is expanding to create more opportunities for customers to buy and sell pre-loved, with new categories being launched for accessories and premium brand clothing. […]
A tech start-up launched by TV couple Ferne McCann and Lorri Haines has partnered with private investment platform Seedrs to raise £250,000. Mental health and wellbeing app Shoorah is set to provide more on-the-go wellness tools than any other wellbeing app. The platform has already been downloaded by thousands of users – with 6,000 downloads […]
The Development Bank of Wales has confirmed its support for vegan beauty brand Mallows Beauty with a six-figure funding package including a mix of debt and equity that will help to fund product development and export growth. It’s the second investment in the fast growth business by the Development Bank since 2021. Based in Pontyclun, […]
New figures released by HRMC today show a 39% year-on-year increase in EIS funding in 2021/22, with total investment through the scheme reaching £2.3 billion – the highest since the scheme began. The scheme, which brings together private investors with companies that need funds to scale up operations, supported 4,480 companies in the year, a […]
Brompton, maker of the iconic folding bike, has partnered with BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, to further accelerate its growth. Since 1975, Brompton has been independent, owned by the founder Andrew Ritchie, the current CEO Will Butler-Adams, their friends, family, and its staff. This […]
Cybersecurity services specialist RiverSafe has unveiled its expansion plans, including a string of new hires and investment in staff training, following a record year of trading. RiverSafe, founded in 2010 by cybersecurity experts Suid Adeyanju and Oseloka Obiora, has seen a surge in demand for its services with revenue increasing 395 per cent in the […]
Hands In, the innovative payments start-up, has completed a $550k funding round to accelerate the commercialisation of its group payment services. Attracting investment from leaders in key payment corporations, including GoCardless, Thredd (formerly GPS), Elavon, FIS, Pay.com, PayU, Curve, and Free Trade, Hands In is set to revolutionise the way groups pay together online by […]