15th February 2019
General Motors is taking a 35% stake in wejo, a Chester based 'connected car' start-up, originally backed by regional SME specialist, Seneca Partners.
The investment from GM makes wejo the most valuable British start-up in the connected car space. The landmark deal with GM includes a $25 million cash injection in addition to a long-term data-sharing agreement between the two companies. In total, the deal values wejo at $275 million.
14th February 2019
Award winning, social enterprise Memory Matters CIC, which runs the Moments Café in the heart of Plymouth, has received investment of £100,000 to franchise its innovative training package enabling it to be delivered to more people. The investment came from the Health & Wellbeing Challenge Fund (South West) (H&WCF), managed by social impact investment company Resonance.
14th February 2019
Kuber Ventures, the alternative investment platform specialising in EIS and SEIS, is announcing the addition of three new funds available to individual investors and advisers building diversified tax efficient portfolios on behalf of their clients.
13th February 2019
Par Equity has been awarded ‘Best EIS Investment Exit’ at the EIS Association Awards 2019. The win completed a hat-trick of awards recognising the firm’s 76x return on investment turnaround of online educator ICS Learn.
The EIS Association Awards 2019 were announced at the trade body’s Chairman’s Reception event held at the House of Lords. Entries to the prestigious awards are judged by a panel of independent industry experts
The firm also won both “Exit of the Year” at the Growth Investor Awards and “Best Exit of the Year” at Investment Week’s Tax Efficiency Awards in November of last year.
11th February 2019
Kuber Ventures, one of the UK’s most innovative fintech platforms used by financial advisers has been shortlisted for the WealthBriefingEuropean Awards 2019.
Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to recognise companies, teams and individuals which the prestigious panel of judges deemed to have ‘demonstrated innovation and excellence during 2018’.
8th February 2019
Newquay Community Orchard, which was built by the community for the community in the heart of Newquay, has received £100,000 investment from the Resonance managed Health & Wellbeing Challenge Fund (South West) to help further grow the social impact of this highly successful organisation.
7th February 2019
The Midlands Engine Investment Fund (MEIF) has provided two debt packages, committing a total of £410,000 to support local Nottinghamshire businesses. The £200,000 loan to Optimise Accountants and the £210,000 provided to Renato Software will give the businesses’ capital to invest in and expand product lines as well as investing in several key functions in the business.
7th February 2019
The SidebySide Partnership, the London venture capital firm founded by technology veteran John Bailye, has launched a technology EIS fund to support “scale-up” businesses. The fund will not charge performance fees until investors have made their money back and an extra 60% on top – a market-leading threshold.
6th February 2019
Vala Capital, the UK venture capital firm, is looking to shake-up fees in the EIS industry with the launch of its ground-breaking EIS fund.
31st January 2019
This 4th episode of Series 3 of The GrowthInvest Adviser Hour explores the wider drivers behind the growing popularity of “alternatives”,
28th January 2019
EIS & VCT specialist Calculus Capital has invested £2.5m in fintech company Essentia Analytics (see photo), a leading provider of behavioural data analytics and consulting for professional investors. The investment by Calculus will be used to further develop Essentia’s services as it scales its client base of investment management institutions around the world.
24th January 2019
London-based Newable Private Investing (NPI) has announced the launch of its first evergreen fund. With an initial raise of £10 million in the first year, the Newable Scaleup Fund 3 addresses the investment gap between seed stage and Series A, targeting high-growth early-stage companies that have moved from concept to a working business model but don’t yet have the numbers to attract VC or private equity money.
NPI aims to invest in seven to ten such businesses operating in knowledge-intensive industries through the EIS fund, with particular emphasis on the specialist areas of electronics, automation, medtech, and spacetech.