Category: VC Funding News

British Smaller Companies VCT Hires Two New Non-Executive Directors

British Smaller Companies VCT Hires Two New Non-Executive Directors. British Smaller Companies VCT PLC said Wednesday it appointed two new non-executive directors at the venture capital trust.Adam Bastin joined British Smaller Companies with immediate effect. He currently serves as vice president of corporate development at ARM Ltd, a semiconductor intellectual property firm owned by SoftBank …

British Business Bank puts €100m into European VC fund of funds

British Business Bank has committed up to €100m (£90.4m) to the first European venture capital fund being raised by a San Francisco-based financier. British Business Bank puts €100m into European VC fund of funds. It is understood that Top Tier Capital Partners is raising e300m in total for its first European fund of funds. The fund …

Investment in UK AI companies hits all-time high

Investment in the UK’s artificial intelligence (AI) companies has reached record levels after the first six months of 2019 saw more investment than the entirety of last year. Venture capitalists had ploughed $1.63bn (£1.32bn) into UK projects by June, surpassing the $1.21bn raised by the end of 2018 and marking a record year for AI …

East Anglian businesses set for £100m cash injection

Businesses in the East of England are set to land a £100m windfall. The Foresight Group is looking for 20 Small and medium enterprises in the region with which to invest £5m.  The group is a London-based private equity investment manager and has launched its fifth regional fund in East Anglia highlighting the region’s thriving …

Europe raises record-breaking €10.6bn venture capital

European companies raised a record-breaking €10.6bn of venture capital during the first six months of 2019. Europe raises record-breaking €10.6bn venture capital. The total raised between January and June was 61pc up year on year. Despite the record-breaking deal values, deal volumes continued to decline with only 683 rounds completed in the first half. This …

Investors shun UK funds and seek safety in bonds

UK equity funds remain deeply out of favour with investors, who pulled £1.2bn out of the asset class in July, spooked by the rising prospect of a no-deal Brexit, the change in government and weak sterling. The sell-off was the biggest since May 2018, according to statistics from the Investment Association, the trade body that …

Personalised video firm used by Vodafone secures £6m investment

A personalised video advertising company based in London has secured £6m Series A investment from Smedvig Capital to expand their services. Spirable, which specialises in video marketing technology, has secured the funding from the venture capital firm in order to enhance its proposition. Smedvig Capital join existing investors Frontline Ventures, Downing Ventures, and 24 Haymarket …

British Business Bank puts €100m into European VC

British Business Bank has committed up to €100m (£90.4m) to the first European venture capital fund being raised by a San Francisco-based financier. It is understood that Top Tier Capital Partners is raising e300m in total for its first European fund of funds. The fund will invest in technology and healthcare. Top Tier was unavailable for …

Blockchain is reportedly raising $50 million for a venture capital fund

Blockchain looks to be expanding its business lines, which could help diversify its current mainly ad-driven revenue. The firm makes “six figures a month in advertising revenue” alone from its Blockchain Explorer tool, Blockchain CEO, Peter Smith, recently told Fortune. Back in July, the firm launched a cryptocurrency exchange called The Pit, claiming to be one of the …

EU considers using disaster fund for no deal Brexit

The European Commission is considering allowing EU countries to apply for cash to cope with a no-deal Brexit using a special emergency fund. Officials are working on a plan to classify no deal as a “major disaster”, a category normally used to describe destructive natural events such as earthquakes or major floods. The move would …