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21st February 2019

MMC continue to back Gousto as the business announces another £18m funding

UK-leading meal kit company, Gousto, has raised another £18m in equity funding, bringing the total raised since launch to £75m. Attracting new investment from global health influencer, Joe Wicks, along with all existing shareholders: MMC Ventures, Unilever Ventures; Hargreave Hale; BGF Ventures and Angel CoFund.

21st February 2019

GC Angels back GradTouch in £150K funding boost

Gradtouch, a Manchester Based job matching business, has received a funding boost of £150K from GC Angels, the angel investment arm of the Growth Company.

21st February 2019

Taking the financial headache away from SMEs

A recruitment business specialising in the financial sector has experienced rapid growth after developing a solution to a classic problem for SMEs.

The Finance People help small and medium sized enterprises to scale up by providing them with senior financial expertise often on flexible working contracts.

It takes a headache away from small business owners who often struggle to cope with the financial requirements that come with growing a business.

21st February 2019

ClearlySo makes new board appointments as it prepares for growth

 

ClearlySo, Europe’s leading impact investment bank, has announced that it has appointed Gillian Wilmot as chairman. 

21st February 2019

Octopus Investments becomes first manager to reach £1bn AUM

Octopus Investments “Octopus”, part of Octopus Group and the largest provider of venture capital trusts (‘VCTs’) in the UK1 has today announced it has passed the £1 billion milestone in VCT assets under management.

 

Octopus is the first and only investment manager to reach this milestone, which comes after recent fundraising. The assets are spread across Octopus’ four VCTs, which are currently supporting more than 200 portfolio companies.

20th February 2019

Jenson backs comms company FrontM

FrontM, which provides business ICT applications for enterprises operating in areas with little or no standard telecommunication infrastructure, such as Airplanes, ships and remote areas that rely on satellite network infrastructure to meet their operational and communication needs, has raised money from Jenson Funding Partners.

20th February 2019

Small businesses cautious ahead of Brexit says Small Business Finance Markets report

The British Business Bank’s 2019 Small Business Finance Markets report finds that some businesses expect an impact from Brexit, but many remain optimistic about growth.

An increasing proportion of smaller businesses expect Brexit to have a negative impact on their business (29%, up from 22% in 2017). Over one in three (34%) expect access to finance to become more difficult after departure, with only 3% expecting finding finance to become easier.

Overall, the demand for external finance has continued to fall, with just 36% of smaller businesses using external finance in 2018 (versus 44% in 2012). Despite these concerns, however, just over half (50.4%) still aspire to grow over the next 12 months.

20th February 2019

MMC backs AI-powered Growth Intelligence again with £1.7m

MMC-backed Growth Intelligence has raised £1.7m funding, led by 24Haymarket, to help marketers and sales leaders drive faster growth with AI.

Founded in 2013, Growth Intelligence helps high profile brands, including American Express, FedEx, Western Union, iZettle and Vitality Health, target their direct marketing activity to businesses that are most likely to buy. 

20th February 2019

British Business Investments commits £20m to ThinCats

ThinCats, the fintech lender for mid-sized SMEs, today welcomes a new £20 million funding commitment from British Business Investments, a commercial subsidiary of the British Business Bank.

British Business Investments is making the new commitment under its Investment Programme, which supports the development of more diverse debt finance markets for small and medium sized businesses. The commitment will provide ThinCats with additional capital to make term loans which will support the growth of businesses across the UK.

20th February 2019

Equity Gap invests £575,000 in Spoonfed

Catering management software company Spoonfed is planning major expansion in the US, following £575,000 of development funding from Equity Gap.  

Aimed specifically at contract catering firms and restaurants supplying catering to businesses, universities, hospitals and many other institutions, Spoonfed’s SaaS (Software as a Service) platform creates real efficiencies for caterers and provides a straightforward ordering system for their customers. 

19th February 2019

Jenson makes investment in tech company Col8 Ltd

Jenson Funding Partners has announced an investment in Col8 Ltd, a technology company that provides video management services through its proprietary platform. Their solution allows users to intuitively navigate video footage to quickly find points of interest.

19th February 2019

Deepbridge confirms funding boost  for North West firms in 2018

Deepbridge, the Chester-based tax-efficient investment manager, has announced a further increase in its yearly funding to an increased range of companies based in the North West.

Over the course of 2018, the growth capital provided over £12.5 million in funding to 33 companies, in addition to £12 million provided to 22 companies in the previous year, via its Enterprise Investment Scheme (EIS) and Seed EIS (SEIS) funds.

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