Day: 17 December 2020

B2B

Wayroo secures £250k Seed investment from Mercia

Auto entrepreneur raises £250k for platform to transform car dealerships An entrepreneur who aims to transform the way car dealerships operate has raised £250,000 to roll out his new software platform to the industry. Sanj Gidda, who founded the Wayroo platform, secured the investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by […]Read More

Original

Kinomica secures £3.9 million Seed investment led by BGF and

KINOMICA SECURES £3.9M INVESTMENT FOR PIONEERING CELL SIGNALLING TECHNOLOGY TO AID PRECISION MEDICINE DEVELOPMENT The deal cements the business’ ambition to become a world-leader in cell signalling bioinformatics by 2022 Proteomic-data science and diagnostics company, Kinomica, has secured £3.9m in funding for pioneering technology that could prove integral to the development of new drug treatments. […]Read More

Original

Greenback Recycling Technologies secures £8 Series A investment

Greenback Recycling Technologies closes £8m series A and convertible loan financing round The funding will enable Greenback to further develop its ecoVeritas certification, data and compliance systems. The successful series A financing of £3.6m was led by a consortium of private investors, with an additional £4.3m in convertible loans provided by investors including the UK […]Read More

Series F

GoCardless secures £71.8 million Series F investment led by Bain

UK fintech GoCardless raises $95m funding Funding round led by Bain Capital Ventures will fuel open banking strategy, accelerating delivery of next-generation bank-to-bank payments LONDON, 17 December, 2020 8AM GMT – GoCardless, a fintech leader in recurring payments supporting more than 55,000 businesses worldwide, today announces it has raised $95m in a Series F funding round. This latest fundraise, […]Read More

AI/ML

Elemendar secures £680k Seed investment led by Newable Ventures

Elemendar has Raised Investment We’ve raised! Despite 2020’s challenges, we are thrilled to announce that we have closed our first institutional funding round, led by Newable Ventures, at £680,000 (over $0.9m). It’s a privilege to receive this vote of confidence and secure the resources to bring our technology to more customers and help to make us all safer. Our mission […]Read More

Original

Cazoo acquires Drover

CAZOO TO ACQUIRE UK’S LEADING CAR SUBSCRIPTION SERVICE, DROVER Drover is the UK’s leading independent monthly car subscription service for consumers Providing fully flexible and hassle-free driving with contracts available from 1 to 24 months Offers single monthly payment to include car, maintenance, service, tax & breakdown cover Cars-as-a-Service is a fast-evolving market and will […]Read More

Market Place

TravelNest secures £1.8 million Series A Follow On investment from

TravelNest secures £1.8m from Silicon Valley Bank and Scottish Enterprise to help drive ‘staycation’ growth at vacation rental platform  TravelNest positioned for strong return to growth in line with significant shift in travel industry dynamics TravelNest improves occupancy rates for vacation rentals by increasing exposure on booking sites and reducing admin time Since lockdown measures […]Read More

Seed

Magdrive secures £1.4 million Seed investment led by Founders Fund

UK’s latest Space Propulsion Startup, Magdrive raises £1.4M to make Interplanetary Space Travel an affordable reality – Magdrive raises £1.4m with backing from SpaceX’s original VC, Founders Fund and Innovate UK– Magdrive is developing a revolutionary plasma thruster for the new space age– Their first mission is to propel small satellites, an industry with 5000 satellites […]Read More