Soft toy brand Jellycat will pay £110m to its owners after pre-tax profits more than doubled to £139m in 2024, driven by viral popularity, global demand and experiential retail.
Category: Get Funded
Nivoda secures $60m financing facility to ease jewellery retailers’ working capital crunch
Diamond and gemstone marketplace Nivoda has secured a $60m facility from i80 Group to offer embedded trade credit to 10,000+ jewellery retailers, tackling a long-standing industry liquidity gap.
Spotify founder Daniel Ek to step back as CEO, handing reins to co-leaders
Spotify founder Daniel Ek will step back from day-to-day leadership in January to become executive chairman, as Gustav Soderstrom and Alex Norstrom take over as co-CEOs.
British Business Bank backs Notion Capital with €20m for new €114m growth fund
The British Business Bank commits €20m to Notion Capital’s €114m Opportunities III fund, supporting UK and European software and fintech scaleups at the growth stage.
SeaWarm raises £550,000 to deliver renewable heating and cut emissions by 90% in Scotland’s coastal communities
University of Edinburgh spinout SeaWarm secures £550,000 to scale its modular water-source heating technology, aiming to slash CO₂ emissions by up to 90% and reduce fuel poverty across Scotland.
Growth Lending launches £150m push into UK healthcare
Growth Lending has unveiled a £150 million strategy to support the expansion of healthcare and social care providers across the UK, pledging to deliver flexible capital to a sector grappling with rising demand and tight access to finance.
Willo raises £3M to launch ‘blue tick’ verification for job candidates amid AI hiring surge
Cybersecurity legend Peter Bauer backs Glasgow recruitment platform in record investment round
Revolut commits £3bn UK investment, creating 1,000 jobs in major fintech expansion
Revolut has pledged a £3bn UK investment over five years, creating 1,000 jobs and expanding its London HQ. Chancellor Rachel Reeves hailed the move as a vote of confidence in Britain’s financial sector.
Nvidia to invest $100bn in OpenAI, cementing landmark AI partnership
Nvidia will invest up to $100bn in OpenAI and supply its data centre chips from 2026, in a landmark partnership between two of the world’s AI leaders.
Yaso raises £8m to expand beyond beauty with new products in China
Yaso, a UK ecommerce firm that helps British beauty brands sell in China, has raised more than £8 million to expand into new consumer sectors including supplements, fashion and food.
Shawbrook backs Fenyx Bridging with £10m facility to fuel launch and growth
Shawbrook has provided a £10m block facility to Fenyx Bridging, supporting the new specialist lender’s launch and expansion in the UK bridging finance sector.
Nvidia to invest $500m in UK self-driving start-up Wayve
Nvidia will invest $500m in UK-based Wayve, boosting AI mobility innovation as part of wider funding pledges including Revolut and Synthesia during Trump’s UK visit.
Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms
Deliveroo founder Will Shu to leave after pocketing nearly £200m from the £2.7bn sale to DoorDash, ending the food delivery app’s turbulent four years on the LSE.
Octopus Energy spins off Kraken as $500m AI platform targets 1bn users
Octopus Energy has spun off its AI-powered tech arm Kraken, now serving 70m accounts worldwide with $500m annual revenues. The move will fast-track global growth and boost the energy transition.
Forester de Rothschild to sell £400m stake in The Economist in biggest ownership shake-up in a decade
Lynn Forester de Rothschild is preparing to sell her 20% stake in The Economist, worth up to £400m. Lazard has been appointed to manage the process in the biggest ownership shake-up at the 182-year-old title since Pearson’s exit in 2015.
