British anti-fraud startup Quantexa nears unicorn status after $153m funding round July 13, 2021 Quantexa, a British tech startup specialising in anti-fraud software, is closing in on unicorn status after raising $153m (£110m) in fresh funding. The Series D funding round, led by private equity firm Warburg Pincus, values Quantexa at more than $900m. Existing investors including Dawn Capital, Albion VC, HSBC, and ABN AMRO Ventures also contributed to [...]
Football NFT platform Sorare raises $680m in Series B funding round September 21, 2021 Sorare, an NFT-based fantasy football game, has raised $680m (£497m) in Europe’s biggest ever Series B funding round. On the Sorare platform users buy, sell and exchange digital football cards, representing players, to build a fantasy team. Each card is an NFT meaning that it is unique and ownership is verifiable on a blockchain. “Sorare’s [...]
London’s Signal AI raises $50m to hire UK talent and ramp up international expansion December 15, 2021 Signal AI, a British startup that is trying to solve the “information overload” faced by business decision makers with its artificial intelligence and machine learning technology, has today closed a $50m Series D funding round. Its latest round was led by growth-stage investors Highland Europe, who have previously backed ContentSquare and Matches Fashion, and brings [...]
From Abramovich to the Saudis: Football clubs have become the laundry for muddy reputations March 4, 2022 In 2003, Roman Abramovich bought Chelsea Football Club. In the years thereafter, a perennial underachiever became one of the most successful clubs in English football, a five-times Premier League champion and twice winner of the Champions League, the pinnacle of European football. Today, they are the reigning European and world club champions. Results on the [...]
Bitcoin mining booms in US, crypto bank sues Federal Reserve, while ‘hodler’ losses mount June 14, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week testing the resistance at $30,000 but fell sharply.
City Moves: Who’s switching jobs in the Square Mile today? October 14, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. McDermott Will & Emery Law firm McDermott Will & Emery has poached the new Head of its London Corporate Tax practice from Deloitte. Kevin Cummings makes his return to the legal market after being a Partner at [...]
Credit Suisse delays publishing Greensill failings report a week after police raid October 11, 2021 Credit Suisse has pushed back on publishing a report that details its own failings around the collapse of $10bn of investment funds it ran with Greensill Capital, a week after Swiss police raided its headquarters for related documents. Findings from the probe, which was carried out by Deloitte and Swiss law firm Walder Wyss, had [...]
Tales from the Crypto: Will digital assets save sport sponsorship or prove a horror story? March 21, 2022 When you think of US cable TV giant HBO, blockbuster drama series like Game of Thrones, The Sopranos and The Wire immediately spring to mind. One of the first major triumphs for the network, though, was Tales from the Crypt, a horror anthology inspired by a cult 1950 comic book series. The series was successful [...]
Top finance bosses expect home working and taxes to increase following Covid-19 January 8, 2021 Top chief financial officers expect flexible and home working to increase post-pandemic – with a five-fold increase in home working expected by 2025, according to a survey by Deloitte. More than three-quarters (78%) of top CFOs expected Covid-19 restrictions on movement and activity to continue through the first half of 2021, but more than half [...]
Reopening of showrooms boosts new car sales in April May 5, 2021 The reopening of England’s car showrooms boosted sales of new vehicles in April, prompting the car industry to hail the “light at the end of the tunnel” after lockdown. In total, 141,583 new vehicles were registered last month, a thirty-fold jump on the same month a year ago, when the initial coronavirus lockdown all but [...]