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Category: Get Funded

Socium, an all-in-one HR management platform based in French-speaking Africa, has secured a $5 million funding round to expand its services and become the go-to HR solution for mid-sized companies in the region.

Socium raises $5M to become leading HR solution in Francophone Africa

23 November 2024 Get Funded Jamie Young 0 Comments

Socium raises $5 million to expand its all-in-one HR management platform in Francophone Africa, aiming to become the leading HR solution for mid-sized companies by enhancing services and regional presence.

Ferguson Whisky Limited, a Glasgow-based company specializing in rare whisky investment opportunities, has secured a £450,000 funding package from Virgin Money, backed by UK Export Finance (UKEF).

Ferguson Whisky Secures £450,000 Funding from Virgin Money to Expand Global Reach

21 November 202421 November 2024 Get Funded Jamie Young 0 Comments

Ferguson Whisky Limited secures £450,000 funding from Virgin Money, backed by UK Export Finance, to expand operations and meet growing international demand for rare whisky investments.

Virtue Drinks, the UK's fastest-growing clean energy drink brand, has announced the successful closure of a £2 million investment round.

Virtue Drinks Secures £2 Million Investment from BrewDog Co-Founder and England Footballer

21 November 202421 November 2024 Get Funded Jamie Young 0 Comments

Virtue Drinks secures £2 million investment from BrewDog co-founder James Watt and footballer Eberechi Eze to expand its clean energy drink globally, supporting strategic marketing and distribution efforts.

Sales of vintage teddy bears have surged dramatically as nostalgia grips the collectibles market ahead of the release of Paddington in Peru next month.

Vintage teddy bear sales soar amid Paddington Bear revival

20 November 202420 November 2024 Get Funded Jamie Young 0 Comments

Vintage teddy bear sales double as Paddington Bear fans anticipate the new film. Discover how nostalgia is driving a boom in vintage toy collectables ahead of Paddington in Peru.

killing kittens raise capital

Killing Kittens seeks £10.5m valuation for global expansion of sex party events

18 November 202418 November 2024 Get Funded Jamie Young 0 Comments

Killing Kittens, the UK sex party organiser, seeks £10.5m valuation to fund global expansion, including new events and ventures, aiming to unify the premium adult market.

Goodstack secures £22m funding to expand its corporate giving platform, aiming to facilitate £2.4bn in employee donations to global charities this year. Learn how this London startup is revolutionising workplace philanthropy.

Goodstack raises £22m as corporate giving platform targets £2.4bn in employee donations

18 November 202418 November 2024 Get Funded Jamie Young 0 Comments

London-based tech firm Goodstack has secured £22 million in venture capital funding, positioning it to facilitate £2.4 billion in employee donations to good causes this year.

Fleek raises $20.4 million to create the first online marketplace for wholesale second-hand fashion, connecting thousands of global suppliers with resellers in over 70 countries.

Fleek secures $20.4M to bring global wholesale second-hand fashion market online

12 November 202412 November 2024 Get Funded Jamie Young 0 Comments

Fleek raises $20.4 million to create the first online marketplace for wholesale second-hand fashion, connecting thousands of global suppliers with resellers in over 70 countries.

Fuel Ventures, a prominent UK-based venture capital fund, has led a £1.5 million Seed funding round in Groov, a pioneering embedded lending platform focused on bridging the $1.2 trillion funding gap faced by small and medium-sized enterprises (SMEs). The funding will enable the company to expand its business and bring thousands of global suppliers of second-hand clothing to an online marketplace for the first time The series A round was led by HV Capital with participation from Andreesen Horowitz (a16z), Y Combinator. Prominent founders and operators from Shopify, Depop and Postmates have also invested. The round brings the company’s total funding raised to $20.4 million London, 12 November 2024: Fleek, a wholesale second-hand fashion marketplace, has raised $20.4 million in funding — a $14.8 million Series A and a $5.6 million seed round that it’s announcing for the first time today. The Series A funding round was led by HV Capital, with participation from Andreesen Horowitz (a16z) and Y Combinator. Founders and operators from prominent technology companies like Shopify’s President (Harley Finkelstein), Depop’s ex-CEO (Maria Raga), and Postmates’ CTO (Sean Plaice) have also invested. The previous seed round was led by a16z. Fleek was founded in November 2021 by Abhi Arora and Sanket Agarwal with a mission to enable entrepreneurs in the circular economy to make second-hand first choice. Abhi and Sanket identified one of the major barriers to growth for the second-hand clothing market was how difficult it is for businesses to source inventory - with the offline, global and very fragmented nature of the industry. The founders built a platform that would bring that offline USD 200 billion (as of 2023) industry online for the first time, to make it easier for retailers and wholesalers of second-hand clothing from around the world to transact with each other. The funds raised will allow the company to expand on this vision, by bringing on more suppliers from around the world to help resellers, retailers and even high street retail chains enter the second-hand apparel market through an easy-to-use online marketplace. On Fleek, buyers can access desirable second-hand inventory at profit-driving prices, all with net credit terms, full buyer protection and quality checks guaranteed, enabling businesses to scale their sourcing in a simplified and secure way. Fleek is doubling down on the platform's interactive social features like chat and live video shopping and enabling global payments and logistics to connect buyers and sellers globally. Fleek leverages AI and predictive analytics to forecast what’s selling in the second-hand industry, educates suppliers on these trends, and enables buyers to source across categories such as vintage streetwear, Y2K, and upcycled clothing in bulk. This allows them to capitalize on what is projected to be an industry that will grow three times faster than the overall apparel market by 2028, reaching an estimated $350 billion, all while helping to mitigate the significant environmental impact being created by fast fashion. Abhi Arora, co-founder and CEO of Fleek, said: “Our mission is clear: to make second-hand the first choice and elevate businesses on both sides of the marketplace. While we've made progress, the world we envision—where consumption patterns shift, and a new class of entrepreneurs emerges—is still being built. With this funding, we aim to get more businesses to start selling second-hand clothing and drive the shift toward sustainable shopping." Sanket Agarwal, cofounder of Fleek, said: “The way to bring this very offline industry online is to build a product that has a dynamic social experience, fostering connections through chat and live shopping, and enabling transactions via seamless global payments and logistics. By enabling this new wave of circular economy entrepreneurs around the world to interact directly with each other, we hope to enhance the global trade of used clothing more efficiently.” Felix Klühr, General Partner at HV Capital said: “We are proud to invest in Fleek, a company that is redefining the second-hand fashion landscape. Fleek’s innovative approach to scaling the second-hand market globally reflects tremendous potential for growth. The marketplace not only addresses current industry needs but also paves the way for a more sustainable future in fashion. We’re excited to be part of this journey.” Connie Chan, General Partner at Andreessen Horowitz (a16z) said: “We're thrilled to partner with Fleek - their vision of optimizing the second-hand supply chain and simplifying inventory replenishment for resellers and retailers is impressive. We believe Fleek will bring untapped supply online, fostering trust in the ecosystem and significantly growing the wholesale market. Especially with the new Reworks business line, Fleek is well-positioned to serve a brand new generation of online and offline sellers.” Today, Fleek has empowered 10k+ resellers and retailers from 70 countries to source 2.5million items of clothing from 1k+ wholesale suppliers worldwide. Fleek has offices in the UK, Pakistan and India.

Fuel Ventures leads £1.5M seed round in Groov to transform embedded lending for SMEs

12 November 202412 November 2024 Get Funded Jamie Young 0 Comments

Fuel Ventures has led a £1.5 million investment in Groov to drive growth in embedded lending, aiming to bridge the $1.2 trillion SME funding gap with flexible capital solutions.

Kuberno, a global provider of legal entity management software, has closed its Series A funding round with a total of £9.5 million, including a recent £6 million investment from Barclays and Nasdaq Ventures.

Kuberno raises £9.5m in series a funding co-led by Barclays and Nasdaq Ventures

1 November 2024 Get Funded Jamie Young 0 Comments

Kuberno, a leader in legal entity management software, raises £9.5M in Series A funding from Barclays and Nasdaq Ventures to drive global expansion and AI innovation. Discover their growth plans and platform advancements.

Brookfield, chaired by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Orsted for £1.75 billion ($2.3 billion).

Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms

31 October 202431 October 2024 Get Funded Jamie Young 0 Comments

Brookfield, chaired by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Orsted for £1.75 billion ($2.3 billion).

Small businesses in southeast England are benefitting from a strong recovery in bank lending, leaving the rest of the UK trailing behind, according to new research from the British Business Bank.

South East leads in bank loans to small businesses as other UK regions lag behind

21 October 2024 Get Funded, In Business Jamie Young 0 Comments

Bank lending to small businesses in the South East has surged, while other UK regions struggle. Find out how British Business Bank’s latest research highlights regional disparities and the impact of permanent government funding.

UK start-up investment has dropped to a six-year low, raising concerns about growth prospects ahead of the Autumn Budget. With funding rounds falling, innovation could be at risk.

Funding for UK start-ups falls to six-year low as investment slows

19 October 202419 October 2024 Get Funded Business Matters 0 Comments

UK start-up investment has dropped to a six-year low, raising concerns about growth prospects ahead of the Autumn Budget. With funding rounds falling, innovation could be at risk.

Asda’s co-owner, Mohsin Issa, is stepping away from his role in the day-to-day management of the UK’s third-largest supermarket, despite the fact that a permanent chief executive has yet to be appointed.

Former Asda boss Mohsin Issa invests £10m in sports supplement firm ahead of London IPO

16 October 2024 Get Funded Jamie Young 0 Comments

Ex-Asda CEO Mohsin Issa invests £10m in Applied Nutrition, a sports supplement company, ahead of its London stock market float.

FinTech Monese has been saved by Cardiff-based digital banking provider Pockit after HSBC became the latest investor to write off its investment in the struggling London firm.

Monese acquired by Pockit as HSBC writes off its investment

10 October 2024 Get Funded Jamie Young 0 Comments

Pockit has acquired FinTech Monese after HSBC wrote off its investment in the app-based bank. The deal creates a combined customer base of 3m and £30m in annual revenue.

Perlego, an education technology platform known as the "Spotify for textbooks," has secured a $20m fundraising round led by Sir Terry Leahy, the former CEO of Tesco.

Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round

7 October 2024 Get Funded Jamie Young 0 Comments

Education tech company Perlego secures $20m investment led by ex-Tesco boss Sir Terry Leahy, aiming to expand its digital library platform globally and develop AI-powered tools.

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Latest Content

HMRC is reviewing around 45 million PAYE accounts to identify people who have paid too much or too little income tax, with P800 tax calculation letters already being issued and checks continuing until November 2026.

HMRC checks 45 million PAYE accounts as P800 letters go out

The HMRC PAYE review covers around 45 million accounts, with P800 tax calculation letters already being issued and checks running until November 2026. Overpayments are being dealt with first, but workers claiming refunds across more than one year will now have to request the money themselves.

London’s female founders pass £100m in Start Up Loans

Caudwell and Rose warn Britain is training entrepreneurs for export

Business rates review to reset how pubs and hotels are valued

Profits almost halve at Britain’s 100 biggest restaurant groups

Britain’s hidden productivity boom masked by ‘flawed’ ONS data

Uber faces €825m GDPR fine over automated driver deactivations

Honnas Veterinary: When Career Values Shape a Business

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