Andreessen Horowitz leads $19m injection into London ‘voice AI’ firm June 20, 2023 Heavyweight Silicon Valley investor Andreessen Horowitz (a16z) has led a $19m funding injection into London-based AI firm ElevenLabs to help accelerate a new wave of “voice AI research”, the firm announced today.
Damp squib? Private equity frenzy fails to materialise as interest rate pain scuppers deals June 20, 2023 A much anticipated take-private frenzy from dealmakers in Europe has failed to materialise this year as rising interest rates dampen the appetite for debt-fuelled takeovers, analysts have said.
FCA restricts Odey’s hedge fund from moving assets June 19, 2023 The Financial Conduct Authority has blocked bosses at Odey Asset Management from withdrawing funds from the firm as it circles the investment firm following allegations of sexual assault against founder Crispin Odey.
Sunak piles pressure on private sector to invest in war-torn Ukraine economy June 19, 2023 The Prime Minister Rishi Sunak is set to pile pressure on UK firms to invest in the Ukrainian war effort this week as Kyiv mounts its own charm offensive on the private sector globally.
F1 star Bottas among big name investors to back wine investment firm Cult Wines June 19, 2023 F1 driver Valtteri Bottas and the former chair of Moet-Hennessy are among the names to have backed a fresh £1.7m funding injection in wine investment firm Cult Wines, the firm announced today. Cult Wines, founded in London in 2007, announced today the seed fundraising round was led by Christophe Navarre, the former Moet-Hennessy chief and chairman [...]
Exclusive: Home REIT shareholder calls for FCA probe into ‘misleading’ statements June 19, 2023 The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City A.M. can reveal.
London investors failing to ‘step up’ in fight for IPOs, says WE Soda chief June 18, 2023 The boss of WE Soda has taken aim at the “commitment” of London and European investors today after the soda ash maker ditched its listing plans last week due to the meagre valuation mooted by the market.
Could private equity be low-cost air travel’s unlikely saviour? June 15, 2023 Air fares for passengers in Europe have spiked 23 per cent over the last year, propelled by lack of competitiveness in the sector and issues regarding the supply of new aircraft from major manufacturers Boeing and Airbus. In what were well-publicised comments at the time, budget airline Ryanair’s CEO Michael O’Leary proclaimed in August that [...]
‘US investors back themselves’: Why WE Soda will be heading to New York after snubbing London June 15, 2023 London was dealt a fresh blow yesterday when soda ash firm WE Soda revealed it had scrapped its plans to float in London just one week after making the announcement.
Odey Asset Management set to be broken up in the wake of sexual assault allegations June 15, 2023 Beleaguered hedge fund Odey Asset Management is set to be broken up after being hit by an exodus of investors in the wake of sexual assault allegations against its founder Crispin Odey.