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Oxwash’s disruptive laundry service gets GBP1.4m investment from Twitter’s Biz Stone and TrueSight Ventures

Oxwash, a laundry and dry-cleaning startup aiming to disrupt the traditional laundry service sector, has secured a GBP1.4 million investment from TrueSight Ventures, Biz Stone (co-founder of Twitter), Paul Forster (founder of Indeed.com), Founders Factory and other angel investors. Oxwash’s service is taking medical-grade laundry technology typically used in spaceship and

KPS Capital Partners to acquire Lufkin Rod Lift Solutions from Baker Hughes

KPS Capital Partners (KPS) has signed a definitive agreement to acquire the Lufkin rod lift solutions business (Lufkin) from Baker Hughes (NYSE: BKR).  Lufkin was founded in 1902 and acquired in 2013 by General Electric’s (NYSE: GE) Oil & Gas division. The division subsequently merged with Baker Hughes, Inc in 2017. 

Helsinki

Verso Capital launches new EUR100m sector agnostic fund

Verso Capital, a growth stage buyout investor with a special focus on carve-out situations, has launched a new EUR100 million sector agnostic fund.  The first investors in Verso Fund III are KRR III, Tesi, pension funds Ilmarinen, Varma and Elo, as well as Nokia, Valeado AB and Etrisk Oy, with

Mumbai skyline

Investing in India: How addressing corruption and fraud risks creates higher value

By Mini vandePol, Asia Pacific Head of the Compliance and Investigations Practice, Anna Lamut, Registered Foreign Lawyer (New York, USA), and Claire Chen, Associate, Baker McKenzie – India is forecast to be the fastest growing economy among the G20 countries in 2020 despite the Covid-19 pandemic. Foreign companies and private

Bitcoin

Bitcoin May ‘halving’ could cause price spike

More than 80 per cent of equity funding for UK blockchain startups has taken place since 2017, according to a new report by MMC Ventures, with bitcoin’s recent price rises reflecting increased adoption. MMC’s newly released report on blockchain and crypto revealed that 60 per cent of UK blockchain companies have raised

TransFICC secures new investment from AlbionVC, ING Ventures and HSBC 

TransFICC, a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for GBP5.75 million.  Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC.

The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the

WorldGBC and GRESB join forces to drive net zero carbon buildings

World Green Building Council, a global network of around 70 Green Building Councils, has announced a collaboration with GRESB, the leading global sustainability benchmark for real estate portfolios, to recognise companies that make a Net Zero Carbon Buildings Commitment.The Commitment, which recognises businesses committed to ensuring their portfolio of buildings

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