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2nd June 2020

Tech Nation appoints Stephen Kelly as Chair

 

Tech Nation, the UK’s leading growth platform for tech companies and leaders, has appointed Stephen Kelly as the new Chair.  Stephen Kelly succeeds Eileen Burbidge MBE who has served as Chair since 2015.

2nd June 2020

MEIF Debt Fund announces new team for £40 million

Following the launch earlier this year of a further £40million MEIF Debt Fund by the British Business Bank, appointed fund manager, The FSE Group, is revealing the team managing the fund.

2nd June 2020

Service Robotics eyes growth with £300k equity support from CIOSIF

Service Robotics Limited, a health and wellbeing business focusing on supporting the vulnerable and elderly through innovative technology, has raised £600,000 in their latest funding round. The funding includes a £300,000 equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF) and investment from Britbots and the Enterprise 100 Angel Investment Club.  The company has created an intelligent companion robot that will assist the elderly via patient-centred interactions. GenieConnect® helps users by providing companionship and support by offering services such as prescription management, medication reminders, daily welfare checks, video calls and music entertainment.

2nd June 2020

Agxio secures £750,000 to scale AgriTech innovation and AI across UK

 Aberystwyth based Agxio has completed a £750,000 equity investment round to support the development of advanced data science and AI solutions in agri-tech and agri-fintech.

The £750,000 investment comes from a mix of existing investors and the Development Bank of Wales plus match funding from new professional investors.

2nd June 2020

Inflexion exits investment in Glide

Inflexion has sold Glide, the UK’s leading provider of infrastructure to difficult to serve markets, like high-density accommodation, to US infrastructure investor Alinda Capital. The sale follows a six-year period of transformational growth for the business, which became the clear UK market leader during its partnership with Inflexion.

1st June 2020

Lenders fund £27.5bn of coronavirus business support

Lenders have approved £27.5bn of emergency finance to businesses during the coronavirus crisis with most coming from the bounce back loans scheme, government figures show, according to a report by Peer2Peer Finance News. Treasury data as of 24 May showed more than 650,000 businesses have accessed coronavirus-linked finance schemes. The coronavirus business interruption loans scheme (CBILS), which launched in April offering loans worth up to £5m, has provided £8.1bn of finance to 43,045 businesses out of 84,607 applications. This is an approval rate of 50.8 per cent.

1st June 2020

DSW Angels targets £10m investment as BBI increases funding

DSW Angels - the business angel network focused on UK regional scale-up companies - is planning  £10m of new investment over the next 12 months to help support the post-Covid recovery.

The network – which closed its largest investment at the start of the lockdown with a £1.7m funding round for One Utility Bill - has since seen an enhanced flow of new enquiries from quality businesses and has a strong pipeline of new investments.

1st June 2020

R&D in the Oxford-Cambridge arc provides hope for science & tech

Delving into how the Oxford-Cambridge Arc is performing during the current climate, Sue Foxley, Research Director at Bidwells shares insight into how R&D collaboration in the arc offers hope after the crisis is over.

1st June 2020

BGF donates £100,000 to charities impacted by coronavirus

BGF is to make donations totalling £100,000 to support local community-based charities across the UK & Ireland following the onset of Coronavirus. Covid-19 has created immense challenges, especially for vulnerable groups. As a regional business, active in different local economies, BGF recognises the need for increased support to local charities, many of whom are operating without the safety nets of their broader networks. It is estimated that fundraising for UK charities may fall as much as 40% in 2020.

1st June 2020

What is new and how does that affect my investment strategy and portfolio?

In my annual review of my portfolio last month, I focussed on an analysis of what had happened in "normal time" any effects of current, more challenging times, had not yet come through. But what is the risk to companies and to my portfolio strategy and is it worth continuing to invest in this sector? More generally what are the lessons of this stress test for the future?

29th May 2020

Fuel Ventures leads $2.1m fundraising in AR platform Poplar

Poplar has closed a $2.1million investment, led by Fuel Ventures, to push its ambition to become the world’s leading augmented reality (AR) creative platform. This seed round, which sees Haatch Ventures, Ascension Ventures and Super Ventures also invest, will help Poplar deliver on-demand creation of premium AR and 3D experiences to accommodate the growing demand for branded AR campaigns. Since the pandemic lockdown in March, AR engagement has spiked by 19% as consumers turn to social, web and mobile for alternative ways to engage with retailers and brands.

29th May 2020

Development Bank of Wales backs X4 Software with £175,000 investment

Caerphilly based X4 Software Limited has secured follow-on investment of £175,000 from the Development Bank of Wales and the backing of business angel investors.  X4 Software trades as SourceMogul. Introduced by Angels Invest Wales, David James is the latest investor to support the business. He previously led Hudman Solutions, an award winning software development business, through two funding rounds as an investor and Managing Director before successfully selling to Advanced in 2017.

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