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18th December 2018

Blend Network secures £10m of seed funding

PEER-TO-PEER development loans platform Blend Network has secured £10m of funding from private investors.  The late-seed round of financing was backed by investors including Cyrus Ardalan, former vice chair of Barclays and current chair of OakNorth Bank and Citigroup Global Markets, the family office of Publicis Group chairman Maurice Levy and Jean-Phillipe Blochet, co-founder of hedge fund Brevan Howard.  The London-based firm said on Monday that the oversubscribed funding round comprises a combination of equity, to scale up the business, and commitments to lend via the platform.

18th December 2018

Foresight backs The Children’s Furniture Company

Foresight Group has made a substantial investment into Caphan Trading Limited, trading as The Children’s Furniture Company, on behalf of the Midlands Engine Investment Fund.

Based in Milton Keynes, The Children’s Furniture Company designs, manufactures and sells a wide range of children’s furniture.

After developing its own e-commerce store, the firm now supplies several national retailers - offering durable furniture at an affordable price point compared to its competitors. 

18th December 2018

Downing Crowd  launches first bond with more upside for investors

Investment platform Downing Crowd has launched its first bond to offer investors an attractive fixed return of 7.5% p.a. plus the potential for added equity upside. 

The Pelham House Bond has a relatively high estimated loan-to-cost (LTC) ratio of 74% and to allow the business to invest in its growth, Downing investors’ interest will be rolled up for the first two years – making it aimed at more sophisticated investors. To reward investors for taking on this higher level of risk, the bond will also give shares to investors in proportion to their debt investment. This equity entitles investors to a share in any potential upside over the term of the investment.

18th December 2018

EBAN Publishes Compendium of European Co-Investment Funds with Business Angels

EBAN has published the latest edition of its Compendium of Co-investment Funds with Business Angels which is now available online. The Compendium is intended to assist business angels, entrepreneurs and other readers interested in the early stage investment market and learning about different forms of collaboration between business angels and public authorities.

This year, EBAN has enriched the publication with two new chapters on the importance of co-investment funds to support angel investing as well as on best practices and FAQs for setting up co-investment funds.

18th December 2018

GP Bullhound: technology predictions  for 2019

Technology’s transformative effect has touched every corner of today’s world. Its commercial, social and political impact has been unprecedented.

 

17th December 2018

Startups pitch to Fortum in a unique taxi ride

Startups had a chance to pitch to clean energy company Fortum on a moving electric vehicle during the Finnish startup event Slush. With Pitchalong Shuttle Fortum seeked for partnerships with sustainable and innovative startups in order to find digital solutions for tackling climate change.

17th December 2018

dott raises ?20 million from EQT Ventures and Naspers Ventures

dott, the European micro-mobility company, announces today a €20 million early stage funding round. The investment has been co-led by the EQT Ventures fund, a leading European multistage VC fund with commitments of just over €566 million, and Naspers, a global internet and entertainment group and one of the largest technology investors in the world, through its Naspers Ventures division. Other investors include Axel Springer Digital Ventures, DN Capital, Felix Capital, FJ Labs, U-Start Club and angel investors. The investment will be used to finance the launch of dott’s uniquely designed eScooters and eBikes across European cities.

17th December 2018

UNCDF and Bamboo launch blended finance initiative

The United Nations Capital Development Fund (UNCDF) and Bamboo Capital Partners, an impact investing platform, are launching a partnership to establish an investment vehicle that will support the UN Sustainable Development Goals in the world’s poorest 47 nations, known as the Least Developed Countries.

17th December 2018

Giles Andrews joins Dynamic Credit to Chair Supervisory Board

Giles Andrews OBE, co-founder of Zopa, the world’s first marketplace lender, will join Dynamic Credit as Chairman of their Supervisory Board, subject to regulatory approval. The Board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of the asset manager and direct lender Dynamic Credit and the investor servicing platform LoanClear.

17th December 2018

YFM Equity Partners sells Mangar Health

YFM Equity Partners has sold its stake in Mangar Health Limited for an undisclosed sum to Winncare Group Ltd, a leading French medical device company, delivering a 2.7x return to investors. 

Mangar Health designs, manufactures and supplies inflatable bathing and lifting devices, which protect carers from injury and promote independence for people with limited mobility. With a global reach into America, Canada and Australia, Mangar Health also offers a wide international distribution network and additional opportunities in healthcare markets such as emergency services.  The Company is led by CEO Simon Claridge and his team of Finance and Operations Director Craig Butcher, Commercial Director Andrew Macphail and Marketing Director Clare Birt.

17th December 2018

Goldex raises over £1m to create marketplace that consolidates the best prices in  gold

Goldex, the first smart trading app that powers ethical pricing for retail gold investments today announced it has raised over £1 million in a pre- series A round led by a group of prominent angel and institutional investors in the financial, payment and technology sectors.

Amongst those participating in the round are Prepaid Financial Services, one of Europe’s largest payment card issuers; Gae?l de Boissard, former Executive Board Member of Credit Suisse; Richard Balarkas, former President and CEO of Instinet and current NED at CBOE Europe and Saxo Capital Markets; Craig James, founder and CEO of Neopay and Chairman of the Board of the Prepaid International Forum, the industry body representing e-money and payment service companies.

14th December 2018

Digital GP service receives £1 million investment from Maven

A Coventry-firm responsible for creating a web platform that provides online services for general medical consultations and prescriptions has received a £1million funding package. This will allow The GP Service (UK) Limited to create over 60 new roles by 2023 - a five-fold increase in the team’s current size.

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