Immigrants are building Britain’s fastest-growing businesses July 11, 2019 Too often, immigrants get a bad press. But we’re trying to change the narrative in today’s report Job Creators: The Immigrant Founders of Britain’s Fastest Growing Businesses. It reveals that – despite just 14 per cent of UK residents being foreign-born – 49 per cent of the UK’s fastest-growing businesses have at least one immigrant [...]
Micro-investment app Moneybox nets a £14m series B fundraising round, led by Alibaba and Treatwell backer Eight Roads July 9, 2018 Spare change investment app Moneybox today announced the close of a £14m series B fundraising round, led by Alibaba investor Eight Roads. Existing investors Oxford Capital Partners and Samos Investments, among others, also participated. The fresh funding takes Moneybox’s total amount raised to date to £21.3m. City A.M. understands that the money will be used [...]
Mayor-backed London venture capital fund has helped create 700 jobs across the capital October 26, 2017 Five years on from when MMC Ventures established its London-focused fund, the venture capital firm has revealed it has pumped more than £100m into businesses and helped create over 700 jobs. The MMC London Fund has invested money into 19 London startups, including short-term retail let marketplace Appear Here, home ingredient delivery service Gousto, and [...]
Recipe box startup Gousto gobbles up millions more in funding November 3, 2016 Food delivery startup Gousto is hungry for growth, landing millions more cash from investors. Unilever and Barclays are among the corporate investors ploughing a further £10m into the company which delivers fresh ingredients and recipes via subscription direct to people's doors. Read more: Antony Jenkins' fintech startup has revealed its first banking client LoveFilm entrepreneur Simon Calver's BGF Ventures, [...]
Meet 26 of the hottest UK startups about to become household names as part of Tech City UK’s Future Fifty February 22, 2017 An innovative flower delivery startup, an online money transfer service and a recipe subscription service are among 26 of the hottest startups in the UK which have been identified as having the potential to become household names and globally recognised companies. Bloom & Wild, Azimo and Gousto are among the up-and-coming names joining the likes of fintech unicorn [...]
There’s a new £260m fund eyeing UK tech startups November 7, 2016 UK-based venture capital fund Scottish Equity Partners has raised £260m for a new fund to invest in high growth tech companies in the UK and Europe. Previous investments include fashion site Matches.com, unicorn startup Skyscanner and language app Babbel. Read more: IG Group boss joins fintech startup board The latest fund, SEP V, is eyeing growth [...]
Five things I learned (and relearned) in my first year as a VC May 31, 2016 1. Time is a brutal taskmaster You want to give everybody a fair crack of the whip but in truth you have to filter fast. The elevator pitch really does matter. If you, as a founder, can't communicate the essence of your proposition and your own skills quickly you won't cut through the noise. This filtering [...]
Forget a tech bubble: This is the start of 50-year Digital Revolution January 29, 2016 The possibility that we are in a “tech bubble” is a hot and much contended issue in both Europe and the US. So why all the concern? Many market analysts and experts, drawing on comparisons with the dot-com crash, are warning of a similar trend in the current tech industry, characterised by inflated company valuations [...]
Any Other Business – 10/12 December 9, 2013 Another Dragons’ Den reject rises to the top – with two ex-City boys riding high. Recipe box delivery startup Gousto has just closed a $2m investment, led by MMC Ventures. Co-founder Timo Schmidt, a former analyst at Rothschild and ex-vice president of hedge fund Petrus Advisers, told The Capitalist how his time in the City [...]