News
Oval Money, a London, UK-based startup that is building an automated saving and crowd investing marketplace app, raised £594,900 from approx. 650 investors.
The round, which exceeded its crowdfunding target of £500k, on Thursday, 18 January, remains open to the public untile Monday, 29 January. Have a look at the Crowdcube campaign here.
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Ecommerce firm E Fundamentals has closed a £2.5m Series A.
The company, which is headquartered in London but also has a presence in Edinburgh, raised from Downing-managed VCTs and Downing Ventures EIS.
E Fundamentals’ existing shareholders also participated in the round, which brings the company’s total raised to date to £5m.
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YNAP’s chief executive Federico Marchetti said he was receptive to the bid and YNAP has waived a clause in its shareholder documents, which would have prevented Richemont and all its affiliates from purchasing any more shares in the company. Richemont said it plans to continue to operate YNAP as a separate company.
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Cambridge-based agricultural technology firm KisanHub has raised £1.75m in pre-Series A funding.
The crop intelligence platform’s round was led by Notion Capital and IQ Capital.
KisanHub will use the cash to continue developing its proprietary technology, which leverages big data and machine learning to help producers and suppliers within the agricultural industry make decisions.
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More Affluent Consumers have purchased something on their mobiles (59%) than their computer (56%) in the last month. There are regional differences though: m-commerce has made the most headway in APAC, whereas those in Europe remain wedded to their computers. That said, no device is used in insolation in any region, highlighting the importance of a multi-device marketing strategy.
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Verdane Capital has sold its stake in Outnorth, an online retailer of outdoor products and apparel in Scandinavia, to Nordic media group Egmont.
Last year the company had revenues of SEK430m (€38.59m), representing 20x growth compared to 2010.
Verdane made its first investment in Outnorth in 2010 from its seventh flagship fund.
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Last year in 2017, Amazon grocery sales grabbed a market share of 18% of online grocery sales in the US, double the share held by their closest competitor Walmart according to a report by One Click Retail.
The report points out that grocery sales are still largely offline but that Amazon Fresh with their same day delivery is a way that the company is building confidence with consumers. Regardless of consumer’s slowness to move online, Amazon saw 50%+ growth in the US, UK and Germany and One Click Retail suggest this growth trajectory will continue in 2018.
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Entrepreneurship runs through Saul Klein’s DNA. The English literature graduate may not have known it when he first entered the world of employment, but he would go on to build a successful career in business and venture capital investment.
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HubBox, a retail tech startup, has raised $1.6m in pre-Series A funding.
Venture capital fund KM Capital (KMC), Angel Tech Investors (ATI), Nexus Investment Ventures (NIVL) and Alan Halsall, the ex CEO of Silver Cross Prams, are among the startup’s backers.
Founded in 2015, HubBox has created proprietary technology to enable retailers to implement a local Click and Collect option through a network of 3,500 collection points.
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Redwood Technologies Group has received a £25m funding boost from Scottish Equity Partners (SEP) in exchange for a minority stake in the business.
Redwood, a provider of communications technology and cloud contact centre solutions, was founded in Berkshire in 1993 by siblings Sean and Martin Taylor.
This marks the first time Redwood has raised externally and the money will be used to expand across Asia Pacific. The firm is set to open a regional office in Tokyo in Q1.
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