Funding
Rayan Jawad is Co-Founder of Growth Studio. The business has 20 years combined experience helping startups around the world commercialise technology, secure investment through accelerator programmes and grow with customised support.
Harriet, the groundbreaking full-stack AI solution designed to ready companies’ internal data for the AI revolution, relieve People teams of their daily administrative burdens, and provide personalised HR assistance to every staff member, has successfully raised a £1.2 million pre-seed funding round.
Klarytee, a software platform dedicated to embedding security within data for large organisations handling sensitive information, has successfully completed a £700,000 pre-Seed funding round.
As interest rates are expected to decline, personal savers have been advised to capitalise on the remaining high rates. Which begs the question: is it now time for the population of UK small businesses to follow suit?
Data has shown that female-led startups tend to outperform their male counterparts, triggering a shift in VC funding patterns.
Scotland’s premier impact investor, SIS Ventures, has unveiled its first impact report, showcasing the positive effects on people and the environment made by its investee companies.
The year 2023 marked a challenging yet resilient phase for the European tech ecosystem. Facing tough macroeconomic conditions, Europe saw a significant reduction in funding levels, reaching just over half of 2022’s levels at $45 billion. Large funding rounds and the creation of new billion-dollar companies slowed down, testing the venture asset class’s strength and resilience. Startups Magazine looks at the Atomico State of European Tech Report 2023.
The slowdown in venture capital-led tech sector investment hasn’t proven to be a setback for Cloudsmith, a Belfast-headquartered software supply chain management firm, which has announced $11 million (£8.8 million) in Series A2 financing.
Failup Ventures, an emergent venture capital fund operating globally, recently announced the initial closing of €30 million for its new early-stage fund, which has a total size of €50 million. This fund was established by three Finnish entrepreneurs – Jesse Heikkilä, Topias Soininen, and Oscar Andersin.
HumanForest, the parent company of Forest – London’s most affordable and environmentally responsible eBike operator – has raised a £5 million extension to its Series A after securing investment from two venture capital firms and further funding from sustainable finance specialist, Triodos Bank UK.
When a startup or growth company is looking to raise investment, the choices can seem quite slim.
FundOnion has officially launched its AI-backed business finance comparison site for small business loans.
Lynx, an AI software provider specialising in fraud detection and prevention, announced a €17 million (£15 million) Series A funding round led by Forgepoint Capital, a venture capital firm focused on cybersecurity and digital infrastructure software.
YouLend, a company in global embedded financing, and Plaid, renowned for its data network facilitating consumer banking connectivity, have disclosed in their recent whitepaper that their collaboration has significantly increased SME lending approval rates to 90%.
Securing investments as a startup can take many different routes. The funding process is not a one-size-fits-all process, and needs to be treated as such.
Since the onset of the full-scale invasion by Russia on 24 February 2022, the Kyiv-based venture capital fund u.ventures has committed $4 million to eight Ukrainian startups and one Moldovan startup.
Aikido Security, the developer-first software security app for growing SaaS companies, announces it has raised €5 million in a Seed round co-led by Notion Capital and Connect Ventures; with investment from Inovia Capital Precede Fund I, led by partners Raif Jacobs and former Google CFO Patrick Pichette; as well as an impressive roster of angel investors including Christina Cacioppo, CEO of Vanta.
Glox Therapeutics, a firm creating precision antibiotic therapies from natural bacteriocins, has secured £4.3 million in seed funding.
The Venture Capital Trust Association (VCTA) released a new report, offering insights into the challenges, limitations, and prospects for the UK’s most promising scaleups.
Photonic, a company in quantum computing, has successfully secured an investment of $100 million. The funding was contributed by a range of investors including the British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners. This investment elevates Photonic’s total funding to $140 million.
