Funding

GoJoe announces a £1.2M investment from Superbet Ventures, Animoca Brands, and Michael Carrick

GoJoe, the first social fitness app for work and play, has announced its most recent investment of £1.2 million, led by Superbet Ventures.

Investing in the startup stars of tomorrow

Investing in Britain’s most promising young businesses has become increasingly popular, resulting in record years for venture capital fundraising.

Google’s Black startup fund

Recently, Google unveiled a new fund of $4 million to support Black entrepreneurs across the EMEA region.

British FinTech SteadyPay has closed a $3 million seed round

N1 fintech fund invested in SteadyPay, a British progressive lending platform with a Co-founder from Ukraine. European venture funds such as Ascension, The Future Fund, and others have already invested in this fintech.

Convincing investors to say ‘yes’ in this current climate

Given that we might have officially entered a recession by the time you read this article, and with other global economies also on the brink of recession, when I think about the issues that women in tech are facing, raising funds in this climate seems high up on the agenda.

How to secure European Grant Funding for UK companies

For a lot of founders, startups and scale-ups, funding is going to be a key priority. Yet many UK startups are unaware of the types of funding that can be secured from across the channel. This article will help to explain about European R&D Grant Funding opportunities and how UK-based businesses can access them. Let’s jump right in.

Startup accelerator opens to support aspiring entrepreneurs in Northern England & Northern Ireland

The Royal Academy of Engineering’s Enterprise Hub has opened a new round of applications for its Regional Talent Engines programme to support entrepreneurial mid-late career engineers with an innovative concept to bring to market.

Foundamental, the world’s only global construction-focused VC firm, closes its second fund at $85m

Today Foundamental, the global early-stage construction-tech investor, can announce that it has closed its second Fund II, taking its total AUM to over $150m.

One million euros for startups in myEUspace competition

As part of the EU’s space policy, the European Union is developing two major space programmes: the Galileo Global Navigation Satellite System (GNSS) and the Copernicus Earth observation system

Apheris raises €8.7m to power development of smarter AI and collaboratively solve the world’s biggest challenges

Apheris, the platform for creating collaborative data ecosystems, has raised €8.7m to further develop its unique technology and build on its growing list of customers and partners, including BASF, Boston Consulting Group, BMW Group and JLABS, Johnson & Johnson’s innovation division. The platform enables organizations to extract value from each other’s decentralized data sets in a way that helps them overcome regulatory, technical, and commercial challenges because the data never moves from the owner’s secure environment.

Virgin Money teams up with UK Government to support more small businesses

Samir Parkash, interim CEO of UKEF, has today announced that Virgin Money is the latest financial institution to be onboarded onto the General Export Facility (GEF), opening up access to financial support to their business customers.

‘constellr’ secures $10M in Seed financing to scale its space-based water monitoring system and safeguard global food supply

constellr, a space data and services company building the world’s first globally scalable crop water monitoring system to help ensure global food security, today announces $10M in seed funding. Lakestar and VSquared co-led the financing round, with participation from early and new supporters FTTF, IQT, Amathaon Capital, Natural Ventures, EIT Food, OHB Venture Capital, Next Humanity, and Seraphim. With this investment, constellr will develop its first two satellites, conclude its existing pilot programs and develop its processing platform.

Looking for Ways to Fund Your Startup? Here are Your Options

If you’re like most startup founders, you’re always on the lookout for ways to fund your business. Several options are available to help you finance your business growth, whether you need seed money to get started or need ways to finance expansion. In this post, you will discover some of the most common funding options for startups, including traditional options like angel investors and government grants, as well as some more innovative options.

Businesses set to innovate out of looming recession, reveals research from ForrestBrown

With many experts predicting that the UK economy is on course to enter a recession before the end of the year, research from ForrestBrown, the UK’s leading R&D tax credit consultancy, has found that businesses will turn to innovation to weather the economic downturn.

Silveray announces £2.2M seed round for ultra-efficient X-ray detector technology

Silveray, an X-ray technology spin-out from the University of Surrey, has raised £2.2M in a seed funding round led by the UK Innovation & Science Seed Fund (UKI2S). ACF Investors, R42 Group, UK Future Tech Investment (UKFTI), InnovateUK, Cambridge Angels, and SyndicateRoom’s Access fund were also involved in the funding round.

What does revenue-based finance mean for startups within this macro environment?

As interest rates increase and tech stock multiples come down, accessing growth capital is becoming more expensive for startup founders.

Optellum, AI lung cancer diagnosis innovator, secures $14M Series A funding to accelerate expansion
Optellum, AI lung cancer diagnosis innovator, secures $14M Series A funding to accelerate expansion

Optellum, an Oxford-based medtech company that provides a breakthrough AI platform to diagnose and treat early-stage lung cancer, has raised $14 million in a Series A funding round. The investment will enable the company to scale its base, operations and commercial launches in the UK and USA, accelerate its research and development, and expand its platform into personalized therapy decisions, integrating imaging with molecular data, robotics, and liquid biopsies.

Cello raises €2.3m to build the world’s first User-Led Growth platform for SaaS

Cello’s pioneering product, backed by byFounders, TinyVC, Possible Ventures, and Notion Capital enables SaaS businesses to make word-of-mouth their
most valuable growth channel.

Supply chain risk intelligence platform Prewave raises €11m Series A

Prewave, the AI platform that helps businesses predict, find, understand and categorise the risks affecting their suppliers, has raised €11m in Series A funding. The round was co-led by KOMPAS and Ventech, who renewed its support after the company’s Seed round, with participation from early-stage investors aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest and Working Capital Fund. The investment follows a strong year for Prewave with ten-fold revenue growth over the last ten months, a team that has tripled in size and an impressive roster of clients including ABinBev, AUDI, BMW, Porsche, PWC, Toyota and Zurich Insurance.

How to raise capital during a crisis

Alarm bells are ringing. We’re heading for another financial crisis. Geopolitical tensions and fluctuating markets have led to a soaring cost of living in Ireland, a threat of recession, and a slowdown in investment. Early-stage investors have pivoted from the bull run of 2020 and 2021 to a bearish approach to funding in 2022.