16th August 2018
Electric autonomous vehicle company, the Academy of Robotics, has closed its latest funding round in under six hours. Investment came in so quickly that founder William Sachiti turned down an additional £500,000 that was offered.
The Academy of Robotics is currently developing Kar-Go, the autonomous delivery vehicle. Kar-Go hopes to shake-up the delivery market by removing 90% of the costs involved in making a delivery – helping to increase profits for logistics companies and decrease costs for consumers.
By using a combination of advanced robotics and driverless vehicle technology, Kar-Go is designed to autonomously drive on unmarked roads such as residential areas. Unlike many driverless vehicles that are best-suited to main roads and highways, Kar-Go is specifically designed with small, residential side-streets in mind.
10th August 2018
OurCrowd, a leading global equity crowdfunding platform has been named the most active venture capital investor in Israel in a ranking published by Seattle-based market research company PitchBook Data, Inc.
9th August 2018
OurCrowd Labs/02, a leading seed stage incubator focused on deep tech innovation has signed a collaboration agreement with two of South Korea’s leading venture capital firms: DTNI and Yozma Group Korea. These agreements, facilitated by the Korea-Israel Industrial R&D Foundation (KORIL-RDF), are aimed at strengthening bilateral strategic collaboration, investments, as well as promoting partnerships between companies within the two countries. The areas of collaboration specifically identified are focusing on rapidly growing deep-tech startups.
8th August 2018
Crowd investors who invested in Revolut, Britain’s first digital banking unicorn, via Crowdcube, the world’s first and largest crowdfunding platform, have now realised returns of ~19x on their original investments.
Crowd investors took the opportunity in July 2016 to invest as little as £10 or as much as £5000 via Crowdcube’s platform into Revolut, at the time a promising early-stage fintech company. In April this year, Revolut received a $250m investment led by DST Global, setting a valuation for the company of ~£1.2 billion, making it one of the first crowdfunded unicorns.
3rd August 2018
Oddbox, London’s biggest independent wonky fruit and veg box scheme, reached its crowdfunding target in record time to enable it to expand its unique service to even more customers. It initially hoped to raise £350,000 but investors saw the huge potential offered by the business and it over-funded to a tune of £520,000.
3rd August 2018
Crowdcube, the world’s first and largest equity crowdfunding platform, has had its strongest quarter ever in Q2 2018. The unprecedented 58 businesses securing finance on the platform (Q2 2017: 318 businesses) led to a record £47.4 million invested and took the total pledged on the platform to over £490 million.
Revenues of £1.46 million were up 43% on Q2 2017. Coming after a record Q1, this takes H1 revenue to £2.67 million, up 32% on H1 2017. This rapid revenue growth was achieved while maintaining costs at 2017 levels.
1st August 2018
The Financial Conduct Authority has published the next stage of the post-implementation review of peer-to-peer lending regulation.
30th July 2018
CrowdProperty, the property specialist peer-to-peer lender today funded a £925,000 residential property development project in 9 minutes and 51 seconds with 113 lenders. The project, in Plymouth, is the development of 11 houses on the site of a former hotel.
26th July 2018
Dudley-based Carbon Fibre Preforms has raised £1.078m via the private investor network Growthdeck to fund the expansion of production to meet predicted global demand from end users across the train, aeronautical and shipbuilding industries as well as oil and gas drilling sectors.
23rd July 2018
Bean-to-bar chocolate company MIA is celebrating after exceeding its crowdfunding target of £100,000 on the Seedrs platform.
20th July 2018
Movebubble, London’s number one property rental platform, has raised just under £825,000 in funding, thanks to its successful equity crowdfunding campaign on Seedrs.