Stormburst Studios, a Birmingham, UK-based startup which develops game-inspired software for business use, raised £150k in seed funding from Mercia Fund Management. Co-founded by Derry Holt and James Heath, Stormburst Studios provides OneUp, which allows sales teams to pit themselves against each other in a fantasy sports competition. By using gaming concepts such as leaderboards and dashboards to replace spreadsheets, OneUp offers a new approach to sales management, helping to motivate and engage employees while allowing managers to gain detailed performance insights. The company will use the funds to further develop
Read more →Specialist direct lender Beechbrook Capital has held a final close of its UK SME Credit fund with commitments in excess of £150m and has completed two new investments. Led by Jon Herbert, Beechbrook managing director, Beechbrook Capital UK SME Credit I backs small and medium-sized businesses in the UK with a turnover of between £10m and £100m and EBITDA of more than £1m. It attracted investors from across the UK, Continental Europe and North America. The fund is already more than 30 per cent committed.
Read more →Raising capital from business angels and private investors isn’t as easy as some people think There’s no question about it: Raising funding for a start-up from angel investors or venture capitalists is hard. Some entrepreneurs seem to think that investors should be falling over each other to fund their project, but the unfortunate truth is that only a small percentage of entrepreneurs are successful in raising capital for their start-up. Unlike venture capitalists who invest other people’s money, angels invest their OWN money. It’s important to put yourself in the
Read more →Asian investors could turn their back on America and channel billions of pounds worth of investment into Britain’s tech sector following the election of US President Donald Trump, according to a leading advisory firm. Europe’s tech sector could see investment from Asia, and in particular China, double to a record £93bn this year, with the UK taking a significant slice of the capital. Trump’s threat of punitive trade tariffs against China, coupled with cheaper UK deals driven by the Brexit-hit pound will drive the trend, analysts say. Much of the sentiment and
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