London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
Gousto becomes latest UK tech ‘unicorn’ after lockdown surge November 2, 2020 Recipe box firm Gousto has become the UK’s latest tech “unicorn” after raising £25m in a new funding round. The new investment, which came from existing partners Perwyn and BGF, means that the company is now achieved a valuation of over $1bn. It is the fourth tech firm to gain the mantle this year. Gousto, [...]
City Moves: Who’s switching jobs in the Square Mile? August 18, 2022 A roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Allen & Overy Law firm Allen and Overy has announced a new partner to lead its India Corporate practice. Harsh Pais joins A&O after an 11-year stint as a partner at Indian firm Trilegal, where he co-headed the [...]
Recipe box firm Gousto expects to report first annual profit in 2020 July 27, 2020 Recipe box company Gousto announced today that it expects to turn a profit for the first time this year due to a surge in demand created by the coronavirus pandemic. Gousto, which reported an operating loss of £12.5m in 2019, said it expects to announce a “significant, maiden profit” in 2020. Revenues for the first [...]
As our economy is squeezed from all sides, profit must not be a dirty word September 2, 2022 Over the last few weeks of the leadership election, we’re in danger of making profit a dirty word, as a myriad of problems threaten to engulf us. Recent figures have suggested the UK is headed for a chilling contraction; it is clear just how dangerous it would be if we failed to get growth back [...]
Shakespeare: Gousto set to deliver on consumer hunger post-lockdown June 10, 2020 At the start of the coronavirus pandemic in March, supermarket shelves were emptied as Britons around the country stockpiled and prepared for a lockdown. As shoppers looked for alternative ways to do their weekly food shop, recipe box provider Gousto saw record levels of orders for its meal kit products and were eventually forced to [...]
Recipe box firm Gousto secures £33m investment as coronavirus boosts business April 16, 2020 Recipe box firm Gousto has secured £33m in new funding from investors including celebrity fitness coach Joe Wicks, as growth in the meal-kit market has been accelerated by the coronavirus outbreak. The funding round was led by Perwyn, BGF, and MMC Ventures and Joe Wicks, taking the total funds raised to more than £130m in [...]
The latest British unicorn? Insurtech Marshmallow is waiting in the wings August 11, 2021 Marshmallow Financial Services is soon to announce its latest fundraising round that will bring its valuation to $1.2bn (£869m), joining the ranks of other recent UK unicorns Starling Bank, Gousto and Zego. Its latest cash injections is fuelled largely by existing investors, according to reports in Sky News citing “city insiders” with knowledge of the [...]
Databricks racks up $38bn valuation after catching fresh investor eyes September 1, 2021 Data and artificial intelligence firm Databricks has racked up an eyewatering $38bn valuation after a fresh bout of investors piled into its latest fundraiser. Databricks, which offers data platforms that business heavyweights like Shell, HSBC, T-Mobile, Rolls-Royce, Gousto, and Autotrader rely on, has been channelling its recent efforts into ‘data architecture’ or massive-scale data engineering. [...]
Gousto investor MMC Ventures reveals £100m scaleup fund November 18, 2019 MMC Ventures has today revealed the close of its first fund for re-investing in its own portfolio of mature companies at £100m. The Scaleup Fund will provide capital to current firms in MMC’s roster that have outgrown the firm’s other funds, such as Interactive Investor and Safeguard Global. MMC, which was an early investor in [...]