Funding

uMed raises £9.8m to boost participation in clinical trials

uMed, the health and research technology company, has raised £9.8 million in its latest venture capital funding round.

Preparing for a successful funding round during an economic downturn – Part Two

In Part Two of this series, Victor Basta, CEO, DAI Magister continues his masterclass on preparing for a successful funding round during an economic downturn and what companies can learn from trends in the African ecosystem.

Preparing for a successful funding round during an economic downturn – Part One

In Part One of this series, Victor Basta, CEO, DAI Magister gives a masterclass in preparing for a successful funding round during an economic downturn and what companies can learn from trends in the African ecosystem.

Accessing Advice

Founders and entrepreneurs have to have a determination and resilience that often distinguishes them from those that are paid employees. It is not only that they have to find a gap in the market that they feel they can exploit, but they also have to have the confidence to back themselves to do that.

This article is part 1 of 9 in the series Getting funding to scale in 2023
Settly raises €6 million to transform the future of work

Settly, a HR platform for employee relocation, has raised €6 million from the French evergreen impact fund “2050” and Mediahuis Ventures, the Belgian venture capital fund of international publisher Mediahuis. It is Settly’s first investment round after having single-handedly grown to over 50 employees in 7 European countries since its inception in 2019.

Nothing closes $96M financing round

Nothing, the London-based consumer technology brand, announces a $96 million fundraising round led by Highland Europe, with participation from existing investors GV (Google Ventures), EQT Ventures and C Capital, alongside house music supergroup Swedish House Mafia.

Bupa backs startups in sustainability and health drive

A raft of start-ups working at the interface between climate change and human health have received financial backing and commercial support from global healthcare provider Bupa, to focus on the link between the environment and health.

bp invests €7.5m in EV charging service provider Service4Charger
bp invests €7.5m in EV charging service provider Service4Charger

bp ventures has invested €7.5 million in the Service4Charger GmbH, a Berlin-based provider for the planning, installation, operation and maintenance of EV charging infrastructure.

AWS launch global fintech accelerator programme

Amazon Web Services (AWS) has announced the launch of the AWS Global Fintech Accelerator programme.

Quantum scaleup Algorithmiq raises $15m to accelerate drug discovery
Quantum scaleup Algorithmiq raises $15m to accelerate drug discovery

Algorithmiq, a scaleup developing quantum algorithms to solve the most complex issues in life sciences, has raised $15 million. The Series A round was led by Inventure VC, one of the most experienced Nordic venture funds.

Building a team and advisory board
Building a team and advisory board

Getting funding to scale a business in 2023 is certainly more of a challenge than it has been in more recent years. This does not mean that it is not possible.

This article is part 2 of 9 in the series Getting funding to scale in 2023
Medtech Upfront Diagnostics Secures £1.6 Million Funding

Upfront Diagnostics, a healthcare company focused on discovering novel biomarkers that can be applied to medical diagnosis, has announced a seed funding round of £1.6 million. The investment was led by APEX Ventures’ Medical Fund, following grant funding from SBRI Healthcare in partnership with Stroke Association, for Upfront Diagnostic’s patented blood-based diagnostic LVOne.

Dexory raises $19M to give businesses end-to-end visibility over their warehouses

Dexory has secured $19 million in Series A funding led by European VC firm Atomico, with participation from existing investors Lakestar, Kindred, Capnamic, and Maersk Growth, the investment arm of the global logistics and container shipping company, Maersk. As part of this investment Atomico Partner Ben Blume will join Dexory’s board of directors.

Mid-sized businesses struggling to access funds amidst rising interest rates

Over 90% of mid-sized UK businesses are facing challenges accessing funding and financing amidst the wave of interest hikes by the Bank of England, according to research from BDO.

IQ Capital promotes two as it ramps up $400m investment in deeptech startups

IQ Capital, the London-based deep tech venture capital firm, continues to strengthen its senior team with the promotion of two new partners. Archie Muirhead and Alex Wilson join existing general partners Kerry Baldwin, Max Bautin, Simon Hirtzel and Ed Stacey. 

Luxury fashion game DREST accelerates growth with £15m funding round

DREST announces that it raised £15M of funding to continue the genre defining development of its new product proposition, DREST Game 2.0.

Valuing an early-stage business

Valuing any business can be a complicated and often inexact procedure, but arriving at a valuation for an early-stage business is so much more difficult. 

This article is part 3 of 9 in the series Getting funding to scale in 2023
The Fintech founder’s funding guide

The venture capital funding winter has gripped the Fintech startup ecosystem for a year now. But as temperatures in Europe rise, a new season is around the corner for commercially sound businesses too. 

East Midlands NatWest Accelerator is now open for applications

As the UK’s biggest bank for business, NatWest understands that SMEs are the lifeblood of the economy and that the company has a responsibility to help them build back better.

Calculating profit and loss in a new business

The goal of this blog is to help business owners who are starting their own businesses understand how to calculate profits and losses in a new business. This understanding will help them make sound decisions about what to do with their new business, and it will also save them time and money in the long run.