Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year
- 4 years 6 months ago
- Investment
Equity investment in the UK’s tech businesses increased by 27% in 2019 to £4.0bn, the highest amount since the series began in 2011, reveals the British Business Bank’s annual Small Business Equity Tracker report, published today. The UK’s thriving tech sector remains highly attractive to equity investors, accounting for 47% of total equity investment in UK SMEs through 691 deals in 2019.
Connect Ventures announces $80M seed fund to continue backing product-led founders
- 4 years 6 months ago
- Investment
Connect Ventures, the London-based venture capital firm focused on seed-stage technology investments, today announces a new $80M (£65M) fund to support product-led founders across Europe. This third fund was raised from a combination of existing and new LPs including Top Tier Capital Partners, Isomer Capital, British Patient Capital, De Agostini, Big Society Capital, Draper Esprit and Korelya Capital.
MayStreet Raises $21 Million in Series A Financing Round Led By Credit Suisse Asset Management’s NEXT Investors
- 4 years 6 months ago
- Investment, Data
MayStreet today announced the closing of a Series A financing round led by Credit Suisse Asset Management's NEXT Investors, a leading Fintech growth equity group that invests in high-growth private businesses that interact with the financial services industry.
Alibaba Cloud invests USD283 million to accelerate global partner innovations
- 4 years 6 months ago
- Investment, Cloud
Alibaba Cloud, the data intelligence backbone of Alibaba Group, today announced that it will invest RMB2 billion (US$283 million) during this fiscal year to empower global partners and accelerate joint innovations in the post pandemic era. The investment aims to bring its partners up to speed with digitalisation capabilities and create joint products and solutions to benefit even more customers across all sectors.
The 6th China NPL Investment and Restructuring Summit Forum
- 4 years 6 months ago
- Investment
Since the global economy and political environment are currently undergoing deep changes, IMF forecasts that Chinese economy growth in 2020 will keep falling back, and will be still at the bottom of the operating stage. In this year, three goals will be "finished", so keeping stably growth is very important, and it is expected that countercyclical policies will maintain "deterministic growth" in the uncertainty of economic environment.
Appway Announces $37 Million Investment from Summit Partners to Fuel Global Expansion
- 4 years 6 months ago
- Investment
Appway, a leading global provider of business process automation software focused on customer onboarding and customer lifecycle management for financial institutions, today announced a $37 million minority investment from global growth equity firm Summit Partners. This partnership represents Appway’s first external capital raise and will help the company to further expand its product portfolio and accelerate international growth while... more
Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round
- 4 years 7 months ago
- Investment, Payments
Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion.
CoinDCX announces US$2.5 million strategic investment from Polychain Capital and Coinbase Ventures
- 4 years 7 months ago
- Investment, Cryptocurrencies
CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that it has secured a US$2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant
Freetrade closes £7m crowdfunding round that defies Covid-19 lockdown
- 4 years 7 months ago
- Covid-19, Investment, Crowdfunding
Freetrade, the smart app that makes investing easy for everyone, has defied the Covid-19 lockdown to raise £7m from more than 8,000 people. Working with Crowdcube, the company exceeded its £1 million target in just 4:33 minutes from existing shareholders before going on to raise £7m in five days. Freetrade’s fundraise is the largest equity crowdfunding campaign to be completed in the UK this year.
Freetrade raises over £4.5m in biggest equity crowdfund of 2020
- 4 years 7 months ago
- Investment, Crowdfunding
Following 500% growth in the past 12 months, Freetrade, the smart app that makes investing easy for everyone, has raised £4.5m from more than 5,000 people in just four hours. Working with Crowdcube, they exceeded the £1 million target in just 4:33 minutes and raised £3m from existing shareholders before opening the campaign to their customers. Freetrade’s fundraise is the largest equity crowdfunding campaign to be completed in the UK this year... more
Envelop Risk Announces Completion of Series A financing led by Alpha Intelligence Capital
- 4 years 7 months ago
- Investment, Data
Envelop Risk, the leading data-driven underwriting and risk analytics business, today announced a Series A investment of c. $6 million led by AI-specialist investor Alpha Intelligence Capital (“AIC”). AIC will invest as lead with additional support from existing investors including MS Amlin and Dymon Asia Ventures.
Bitcoin Halving to Attract More Investment, Says eToro's Simon Peters
- 4 years 7 months ago
- Investment, Bitcoins, Cryptocurrencies
Bitcoin, the world’s best known and arguably most successful crypto, will undergo a halving on the 12th May. According to Simon Peters, analyst at investment platform eToro, the halving could not only see the price of bitcoin rise, as it has done following previous halvings, but it could also result in a whole new brand of crypto investors. The halving, which will be the third time it has happened on bitcoin, will see the block halve from 12.5... more
TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC
- 4 years 7 months ago
- Investment
TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC. The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.
FIS Accelerates Innovation with $150 Million of New Capital for Venture Investments
- 4 years 7 months ago
- Investment
Financial technology leader FIS™ (NYSE: FIS) announced today that FIS Ventures, the newly created corporate venture investment division of FIS, has launched an effort to invest a target of $150 million in promising fintech startups over the next three years.
