Category: VC Funding News

UK private equity deal values double during strong first half

UK companies led European private equity (PE) and venture capital (VC) activity during the first half of 2019, with the value of PE buyouts more than doubling. Overall PE buyout and related deal values for UK firms climbed to €23.3bn (£21.2bn) during the first half, an increase of 124 per cent on the €10.4bn seen …

What We Are Reading: Venture Capital and Funding News

Arctic Shores secures $5.5m Series A Arctic Shores has announced that it has secured a $5.5m Series A investment to accelerate its international expansion. The investment was led by Beringea, the transatlantic venture capital investor, with participation from existing shareholders including Candy Ventures. Arctic Shores was founded in Manchester by Robert Newry and Safe Hammad, …

The biggest players in VC for European Series A

One of the trickiest challenges facing any ambitious fast-growing European startup is how to pick the right VC firm to lead your next funding round. Do you aim for a rockstar US fund, like an Andreessen Horowitz or Sequoia Capital, that bring a lot of kudos and connections? Or do you go for a smaller …

UK Tech Start-ups Score Record Foreign Investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data …

EU Plans to Take on U.S. Tech Firms

European Union officials drafted a plan to launch a sovereign wealth fund to invest in companies that could compete with U.S. and Chinese tech giants, according to reports in the Financial Times and Politico.  The reports, citing an internal document, said EU officials have drafted a document for a “European Future Fund” that would invest 100 billion euros …

Inshur raises an additional $1.5m Series A

Insurtech startup Inshur has raised a further $1.5m to its Series A round from Viola FinTech, a cross-stage venture fund that invests in global FinTech companies. This brings the total investment to $9.6m to date, with a $2 million credit facility. Inshur is a 100% digital provider of commercial auto insurance. The business is powered by data …

Octopus Ventures-backed Systum raises $10.7m

Systum, a provider of a digital operating platforms for small to medium-sized businesses has announced it has raised $10.7 million in its latest round of funding led by London-based venture capital firm Octopus Ventures. Systum combines business operations such as inventory and order management, marketing, CRM and digital commerce into a single platform that delivers …

London startup Koru Kids raises £10m Series A

Koru Kids, the platform for finding and managing childcare, has announced a £10m Series A investment to scale the company’s childcare offering, in keeping with the company’s mission to profoundly improve the well-being of families. The latest investment is led by Atomico with participation from previous investors AlbionVC, Forward Partners, Samos, JamJar, Global Founders Capital, …

Insurtech firm Ethos raises $60m to support business expansion

American insurtech start-up Ethos has raised $60m in a Series C funding round led by Google’s venture capital arm GV and new participation from Goldman Sachs. The funding round was also jointed by the company’s existing investors such as Sequoia Capital and Accel. With the completion of the latest funding, Ethos has raised a total …

How UK VCs are managing the risk of a ‘no deal’ Brexit

Grab your economic zombie mask: A Halloween “no deal” Brexit is careening into view. New prime minister Boris Johnson has pledged that the country will leave the European Union on October 31 with or without a deal — “do or die” as he put it. A year earlier as the foreign secretary, he used an even more colorful …