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20th September 2019

GK8 raised $4 m seed funding led by Check Point

Israeli startup GK8, which provides secure end-to-end management of digital assets, has completed the development of a patented technology for sending transactions to the blockchain without any direct or indirect internet connection. GK8 is now emerging out of stealth mode having completed a seed funding round of $4 million, led by Check Point co-founder Marius Nachtand Israel Discount Capital, Israel Discount Bank Investments Arm, with the participation of investors such as the blockchain VC firm EdenBlock, iAngels, IDEAL-HLS, StratX and Israel Innovation Authority.

20th September 2019

87% of managers fail to acheive work life balance

The workplace is busier than ever before due to an ‘always-on’ culture that is leaving employees and managers with burnout. New research from global health service company Cigna reveals that 87% of managers admit to having their work phone on them outside of office hours and when on annual leave, setting an unhealthy precedent for staff. And holidays appear to be few and far between, with 62% of managers not taking their full annual leave – and over a third (37%) admitting to working whilst on holiday. With this in mind, it comes as no surprise that Cigna’s annual global 360 Global Well-Being Survey revealed that 87% of workers feel stressed and 12% feel their stress is unmanageable.

20th September 2019

Red Sift announces $8.8m funding led by MMC

Red Sift, the cognitive data platform that provides cloud-based email security solutions, has closed a $8.8m investment round from research-led VC  MMC Ventures. New investor In-Q-Tel, Inc. (IQT) the US not-for-profit strategic investor, also invested alongside existing investors, White Star Capital and Oxford Capital. The news of the Series A funding comes as Red Sift plans to expand into the US and makes its latest product, OnINBOX, publicly available.

Founded in 2015 by Rahul Powar and Randal Pinto, Red Sift is a data-driven cybersecurity business that uses machine learning to analyse and synthesise data from core business processes, such as email, to help its global customer base better manage its online security. 

20th September 2019

British Business Investments provides £25m line to NW asset finance provider Kingsway

British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £25m commitment to Cheshire-based asset finance specialist and alternative lender, Kingsway Finance Ltd.

The commitment is a revolving credit facility provided through BBI’s Investment Programme, which is designed to increase the supply and diversity of finance for smaller businesses by boosting the lending capacity of challenger banks and non-bank lenders.

The facility will be used to support Kingsway’s growth plans for the provision of lease finance, commercial loans and professions loans to smaller businesses across the UK.

20th September 2019

Triple Point launches new top-up offer on Triple Point VCT 2011

Triple Point, a leading UK alternative investment manager, today announced a top-up of its Venture Fund, a share class in the successful Triple Point VCT 2011 plc. The fund seeks to raise a further £10 million with an overallotment facility of an additional £10 million.

As Triple Point’s 20th VCT fundraise to date, this share class targets income and capital growth by drawing on its distinctive ‘Challenge-Led’ approach; driving returns for investors while looking to mitigate the risks of traditional venture capital investing.

19th September 2019

Environmental fund manager Earthworm expands client services team

Customers are at the heart of most businesses. With that in mind, environmental fund manager Earthworm has made two key appointments in its client services team: Jenni Howard as Client Services Manager and Michael Thompson as Client Services Specialist.

19th September 2019

Negative economic outlook amongst UK institutional investors, research shows

Negative sentiment towards the economic outlook for the UK over the next 18 to 24 months amongst the UK investment community has increased sharply from 49% in 2018 to 67% in 2019, according to the annual Investment 360 Index by CIL, the leading management consultancy. The Index is based on research amongst private equity investors, business management teams, corporate debt providers and business advisors in the UK and has been running for three years.

19th September 2019

Record number of lenders and borrowers involved in P2P lending

At the end of the second quarter of this year, more than 150,000 lenders were invested in 321,483 loans facilitated by Peer-to-Peer Finance Association (P2PFA) platforms – a record level of involvement in the sector. 

19th September 2019

Car subscription platform Wagonex set for global growth

Wagonex Limited, the car subscription marketplace platform is delighted to announce a significant equity funding round as it looks to bolster growth in the U.K. and beyond.

The investment round was led by the Development Bank of Wales technology ventures team co-investing with US investors and UK-based angels with a final close to complete after the summer.

Wagonex has been a leading name in vehicle subscriptions since its inception and now works closely with several global vehicle manufacturers.

19th September 2019

Snaffling Pig smashes £750k crowdfund target in one week

Snaffling Pig, the category leading porky snack brand, has reached its £750,000 crowdfund target in just seven days.  Hosted by Crowdcube, a total of 821 investors – or “Swine Diners” – have supported the campaign, in exchange for a 7% stake in the business. With a business plan to hit £20m sales in the next three years, a potential overfund will mean the team can bring forward their ambitious five year plan of £30m in sales. 

18th September 2019

GrowthInvest and Partners Wealth Management launch partnership

GrowthInvest and Partners Wealth Management have launched a strategic partnership between the two organisations.

18th September 2019

klarx raises €12.5 million to empower the future of construction

klarx, Europe’s leading online platform for construction machinery rental, has raised €12.5 million in a funding round led by B&C Innovation Investments GmbH (BCII), alongside existing investor Target Global. The funding will facilitate further product development and the company’s expansion into new European markets.  Founded in 2015 by brothers, Matthias and Florian Handschuh, together with Vincent Koch, klarx is a digital platform that seeks to make the supply of construction equipment easier, faster and more cost efficient for its users. 

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