Zopa, the world’s oldest P2P lending platform, is in a race against time to secure an investment of between £100m and £150m or face losing its banking licence.
Read more →Access to capital continues to be a barrier to success with just over two thirds of tech entrepreneurs seeking to raise investment in the coming months.
Read more →4 Oceans Capital has teamed up with Capital on Tap to offer our growing network of small businesses fast access to additional working capital as and when they need it most.
Read more →Investment Growth in Q1 The first quarter of 2017 was strong in terms of investment rounds announced by UK tech companies. A total of £576.85m ($719.27m) in funding was recorded on the Tech City News Investment Tracker in the first three months of the year. This represents a 142.8% increase on the £237.56m announced in Q4 2016 and an 80.2% increase on the £320.14m raised in Q1 2016. March was the month that saw the most investment activity, with £239.82m recorded across 30 rounds. The largest round recorded in this
Read more →Yieldify, a London, UK-based marketing experience company, raised $6m in its second funding round. The round was led by Binomial Ventures with participation from John Giuliani, CEO of digital marketing leader Conversant, who has also joined the Yieldify board as Chairman, Tom Singh, founder of fashion chain New Look, and existing investors GV (formerly Google Ventures), SoftBank Capital, Hoxton Ventures and Data Point Capital. The company intends to use the funds to continue to scale in the e-commerce market. Launched in 2013 and led by Jay Radia, Chief Executive Officer,
Read more →Struggling technology firm Ve Interactive, once thought to be worth at least £1bn, was bought by its new management team for just £2m, in what is thought to be a pre-packed administration. The AdTech firm also made headlines last month after it surfaced that its former CEO and founder David Brown had stepped down and had been replaced by Morten Tonnesen. It’s believed Brown continues to act as an adviser. The management buyout was reportedly backed by a consortium of existing significant shareholders and creditors who provided the funds to
Read more →Barclays has opened its flagship FinTech open innovation site, Rise London, in Shoreditch. Rise is Barclays’ programme which aims to combine a curated community of FinTech startups , corporate clients and other experts from across the world, to work on Barclays’ customer and business opportunities and to shape innovative financial services. At Rise, Barclays co-creates new products, services and platforms along with startups and corporates, investors and industry experts across seven sites internationally in New York, Manchester, Mumbai, Cape Town, Vilnius, London and Tel Aviv. In each location, the banking
Read more →Congratulations to Sebastian Lewis and the team at Mettrr Technologies which has become the first company to provide financial returns for its crowd investors through a secondary share sale on Crowdcube. Investors, who backed the tech startup in 2012, received a 9x return on their original investment after angel investors acquired a stake in the company. Following the transaction, 10 investors collectively realised £50,000 in Mettrr Technologies, previously soletrader.com. Two further investors realised £250,000 in an off platform transaction. Since raising £100,000 on Crowdcube in March 2012 from 25 crowd investors, the company has
Read more →The Angel CoFund, a London, UK-based venture capital fund launched with an initial Government-backed funding of £50m has announced its main results culminating with the celebration of its fifth birthday. With its mandate remaining to back the best UK-based high potential and high growth early stage companies and to partner with business angels via co-investment, the fund has hit several milestones, including: more than £33m invested which leveraged £175m of co-investments from angels and angel networks 71 companies funded Four successful exits Three IPOs And an ROI of 3x on average
Read more →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
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