UK’s newest bank Griffin secures £11m in funding round as it plots expansion Griffin Bank Griffin, the UK’s newest bank, has gathered £11m in a fundraising round just a few months after it secured its banking licence. The funding round was led by venture capital firm Mass Mutual Ventures, with existing investors Seedcamp and EQT Ventures participating in the fundraise. Griffin said the funds will go towards leaving the ‘mobilisation’ [...]
Sequoia Capital to carve off China and India units as it faces ‘increasingly complex’ pressures Investing Venture capital behemoth Sequoia Capital has revealed plans to carve up its business into three distinct firms due to the “increasingly complex” pressures on its operations across the US, China and India.
As Russia’s war in Ukraine rages on, venture investors are looking to cash in on ‘defence tech’ Venture capital Russia's invasion of Ukraine brought a sharp close to a decade-long venture capital funding frenzy last year, as soaring inflation, rapid rate hikes and tumbling valuations caused investors to hurriedly tuck away their cheque books.
Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, City A.M. can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
Exclusive: CybSafe’s CEO on tackling VC pattern matching as a black business founder January 14, 2023 When CybSafe CEO Oz Alashe MBE raised his Series B funding round last year, the ambitious London entrepreneur was one of only ten black British founders to have ever done so, or so he was told. While Alashe has not been able to validate that claim, it gives an insight into the stark reality of [...]
London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.
Venture capital to play major role in European private equity December 21, 2022 Go big or go home, there is no time to be risk-averse as venture capital investments are set to play a major role in European deal values throughout 2023. The venture capital (VC) game was primarily played in the US however, since 2013 the European asset class has grown from €60bn (£52.6bn) assets under management [...]
UK startups bag £4.2bn as VCs shrug off recessionary fears November 1, 2022 Venture capital investors in the UK and Ireland shrugged off recessionary fears in the third quarter of the year as they pumped £4.2bn into start-up firms, new research has revealed.
Four venture trusts bag £45m in start-up vote of confidence October 18, 2022 Four venture capital trusts have bagged £45m from investors in just 24 hours in a vote of confidence for the vehicles after ministers reversed a decision to wind them down.
Taxpayer-backed Pollen on the verge of collapse August 9, 2022 An events start-up backed by the British Business Bank's Future Fund is on the verge of collapse just months after it bagged a $150m funding injection, according to reports today.