Magnitude Biosciences raises funding to scale platform
Magnitude Biosciences has raised £1.3m to scale its drug discovery platform and expand its existing work with pharmaceutical companies. The life sciences company, which was…
Finance
Bank lending to small businesses falls
Lending from high street banks to small and medium-sized businesses has fallen across Great Britain. Research from UK Finance into postcode specific lending shows that…
Steven Bartlett backs creators
Steven Bartlett has teamed with Authentic Brands Group to launch OBSN, an investment venture aimed at creator businesses. The new venture combines Steven.com, Bartlett’s global…
Sheffield startup raises £3.9m from NPIF II fund
Tickets for Good, a ticketing startup based in Sheffield, has secured nearly £4m from the Northern Powerhouse Investment Fund II. Tickets for Good is a…
Hospitality industry calls for VAT aid
In a letter to the Prime Minister, hundreds of businesses in the hospitality sector have called on Andy Burnham to lower VAT within the trade…
Ultraviolette plans $82m plant as Indian EV demand grows
Indian electric motorcycle startup Ultraviolette Automotive is investing $82m into a new manufacturing plant in Tamil Nadu as it prepares to move into the mass-market…
Lord Somerleyton seeks £10m investment in family estate
Lord Somerleyton is looking for £10m from investors in exchange for a 10% stake in his family’s 5,000-acre Suffolk estate. Hugh Crossley, the 4th Baron…
British founder funds AI startups
Timothy Armoo is investing £5m of his own money into AI startups by minority founders. The man who co-founded FanBytes, and then sold it in…
Finnish firm secures funding for voice AI
Finnish defence technology company Creoir has secured seed investment from Swedish venture capital firm Gungnir Capital, as it looks to commercialise its voice AI technology…
Split Pay raises funds to help households manage bill payments
US fintech startup Split Pay has raised $125m across two funding rounds, as it looks to help renters and mortgage holders manage the gap between…
