JP Morgan has struck a deal worth about £700 million to buy Nutmeg, the digital wealth manager, as America’s biggest bank seeks to kickstart plans to build a consumer business in Britain.
Category: Get Funded
Addison Lee set to acquire black taxi operator ComCab
Addison Lee, London’s leading private hire business, today announces an agreement to acquire black taxi provider ComCab, creating the capital’s largest private hire and taxi company with over 7000 vehicles.
Michelle Mone and husband Doug Barrowman invest £18m in ‘post-Covid workplace concept’
Michelle Mone and her husband Doug Barrowman have announced they are to invest £18 million in a new workspace concept to meet the post-coronavirus demand from businesses.
Dishpatch meal kits heat up with £10m investment for expansion
A finish-at-home meal-kit service used by restaurants including Angela Hartnett’s Cafe Murano has raised £10 million for expansion.
Owners of second-hand clothes app Depop set for huge windfall as Etsy splashes out £1.2bn for site
The wealthy owners of London-based second-hand fashion app Depop are set for a huge cash windfall after US giant Etsy announced it is buying the site for £1.2billion to tap into the growing Generation Z market.
Uber Eats breaks all records generating almost $5B in revenue in 2020
Food delivery services experienced a significant uptick in 2020 due to the Coronavirus pandemic forcing people indoors.
MunchFit fuels up with £1.2M through equity crowdfunder
MunchFit, healthy food provider to luxury gym Equinox and elite studio Barry’s Bootcamp has closed £1.2m through a recent crowdfunding campaign via Crowdcube, after attracting substantial investor interest.
Goldman Sachs invests £50M in Anne Boden founded Starling Bank
Starling Bank, the UK digital bank which is the fastest-growing bank for SMEs in Europe has received £50 million as an extension to the bank’s oversubscribed £272 million Series D funding round last month.
Revolut founder plans pathway to $10bn valuation with new investment round
The founder of Revolut is plotting a new fundraising that will value the company at more than $10bn (£7.2bn) and cement his status as one of Europe’s youngest fintech billionaires.
Investors put £200m into rental homes for retired
Two big investors in British infrastructure have formed a retirement living platform that aims to address an undersupply of rental homes for the elderly.
Seedrs abandons Crowdcube merger after competition watchdog announced deal block
The competition watchdog is set to block the £140m merger between Seedrs and Crowdcube over concerns it would lead to less choice and higher fees.
Angel investor and entrepreneur Spencer Matthews takes bite out of MunchFit as it seeks out “Fitvestors” in crowdfunding round
MunchFit, healthy food provider to luxury gym Equinox and elite studio Barry’s Bootcamp hopes to raise £1m through a crowdfunding round in a bid to satiate the growing appetite for meal plans tailored to fitness goals.
British Business Investments announces new £10m commitment to Co-Fund NI through Regional Angels Programme
British Business Investments, a commercial subsidiary of the British Business Bank, has committed £10m to Co-Investment Fund (Co-Fund) NI helping to provide growth capital to early stage, high potential smaller businesses in Northern Ireland.
Airly secures $3m from angels to tackle air pollution
A start-up that uses artificial intelligence to measure levels of air pollution has raised $3.3 million from angel investors to open offices in the UK.
New payment platform BOPP launches, giving power back to UK businesses and consumers
BOPP, a brand-new payment platform that removes the need for cards, and uses Open Banking to facilitate immediate, secure payments directly from one bank account to another has launched.
