Investing in SPACs
- 2 years 3 months ago
- Investment, Cloud
Along with tech stocks, another thing that’s been hot on Wall Street over the past couple of years is the listing of special purpose acquisition vehicles, otherwise known as SPACs. According to analysts at Renaissance Capital, there were around 200 SPACs that went public in 2020 raising a total of $64 billion between them. But what exactly is a SPAC and how can ordinary investors get involved?
Multimillion Pound Broadband Boost to Tackle Digital Inequality
- 2 years 3 months ago
- Investment, Banking
The Scottish National Investment Bank has committed £20 million of cornerstone funding to Lothian Broadband Group (LBG) to help tackle digital inequality in rural communities and small towns in Scotland. The Bank’s funding commitment is in addition to £5 million of new investment from the company’s current shareholders and is part of Lothian Broadband Group’s plans to invest £75 million to connect over 70,000 new premises in rural communities... more
Verofax Secures $1.5M in pre-Series A to Expand its Traceability as a Service Offering
- 2 years 3 months ago
- Investment
Verofax Limited, an Asset Digitization and Traceability solutions provider, today announced closing a $1.5M pre-Series A round by international investors led by Benson Oak Ventures, with 500 Startups, Wami Capital and Vernalis Capital completing the group.
Outdated Housing Estate to be Bulldozed and Redeveloped Following £1m WMCA Investment
- 2 years 3 months ago
- Investment
The demolition and redevelopment of an outdated housing estate in north Coventry is underway following the completion of a £1 million investment by the West Midlands Combined Authority (WMCA). Houses off Milverton Road on the Wood End estate are being knocked down in order to pave the way for developer Keepmoat Homes to build 94 high quality new homes on the 5.5 acre site, of which 20 will be available for social rent in partnership with Citizen... more
Tinkoff Investments Launches Online Stock Gifting Service
- 2 years 3 months ago
- Investment
Tinkoff Investments has become the first Russian broker to offer a fully online service for gifting stock. Tinkoff customers can send a stock gift to another customer or to a person who has no account with Tinkoff Investments. Eligible financial instruments include those that are available to non-qualified investors who have not yet passed the Bank of Russia’s mandatory test for trading complex financial instruments, including: ● stocks... more
Robocash Achieved 227% Annual Growth in Attracted Funds
- 2 years 3 months ago
- Investment
This year, Robo.cash platform attracted € 42M of investments, exceeding last year's figures by more than 3 times. The growth was also strengthened by several milestones that the company hit throughout the year. Over the past year, the Robo.cash platform has grown significantly in a number of ways. Thus, since January, net deposits have increased more than 5 times and amounted to record 4 M euros in November. According to the latest survey among... more
Croda International Dips on Sale of its bio-based Business but Still Rides High for 2021
- 2 years 4 months ago
- Investment
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: ‘’Croda International’s share price has dipped on the news that it’s selling its bio-based industrial business to US firm Cargill Velocity Holdings for £778m. Given the review of this part of the business, a sale had been on the cards, so rather than the strategic direction of the Yorkshire based company, it may have been the price tag which disappointed some... more
24Haymarket Secures £10m Commitment from British Business Investments
- 2 years 4 months ago
- Investment
Funds will be deployed alongside 24Haymarket’s Enterprise Investment Scheme (EIS) fund and Investor Network British Business Investments’ commitment, made through its Regional Angels Programme, will support early-stage businesses across the UK 24Haymarket, the London and Edinburgh-based private capital group, today announces that it has secured a £10m commitment from British Business Investments, a wholly-owned commercial subsidiary of the... more
ASA Blows Whistle on Arsenal in High Stakes Game of NFTs
- 2 years 4 months ago
- Investment
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown ‘’The Advertising Standards Authority has taken on the role of referee in the high stakes game of crypto trading, with the whistle blown on Arsenal football club, the latest in a string of rulings against companies which are flogging coins or tokens without high risk warnings.
Monster.com Raises INR 137.5 crore; Firm Valued at Around USD 100 Million
- 2 years 4 months ago
- Investment
Monster.com, a Quess company, and one of the India’s leading online talent platform, today announced that it has raised INR 137.5cr in a funding round led by prominent industry leaders – Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments) with participation from Quess. Post the funding round the company is valued at close to USD 100 million. The current close has been done at INR 112.5 crore with an option built-in... more
ACE & Company Closes its Fourth Buyout co-investment Fund with Total Commitments of Over $240 Million, Exceeding its Target
- 2 years 4 months ago
- Investment
ACE & Company (ACE), a Geneva based global investment group specializing in private investments, has announced the closing of its fourth private equity co-investment fund ("ABO IV") at $244 million in commitments, surpassing its $200 million target. It is the largest fund raised to date across ACE's investment strategies. The ACE Buyout program has completed over 70 co-investments since 2011, establishing a reputation as a preferred partner... more
Korify Capital Launches $100M Venture Fund for Breakthrough Investments in the Biotech Sector
- 2 years 4 months ago
- Investment, Fund Management
Korify Capital, with its core mission of contributing to advancing the rollout of paradigm-shifting biotech companies, has announced the launch of its first venture fund, Korify Capital Fund ONE. It aims to raise up to $100m for breakthrough investments in biotech platform companies with a focus on longevity and mental health. Investing in breakthrough technologies
FICO Predictions: Pressure Mounts on Banks to Exceed Customer Demand in Evolving Industry
- 2 years 4 months ago
- Investment, Infrastructure
Darryl Knopp, Senior Director of Global Marketing at analytics company FICO is looking ahead at how customer expectations of financial services are likely to change in 2022 and what this means for banks. 1 – Creating a Unified Experience: Mapping out the Entire Customer Journey
African Development Bank Board Approves $170 Million for Investment in Nigeria’s Digital and Creative Start-ups
- 2 years 4 months ago
- Investment, FinTech StartUps
The investment in Digital and Creative Enterprises Program (i-DICE) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries
EIB-supported Gender Lens Investment Fund Alitheia IDF Announces Final Close at $100 Million
- 2 years 4 months ago
- Investment
The fund has a mandate to plug the over $42 billion investment gap between male and female entrepreneurs as a means of catalysing the economic power of African women
