Fintech company, Growth Capital Ventures (GCV), has secured GBP1 million of growth capital from institutional investors to continue its expansion and fast-track the growth of Britain’s burgeoning tech sector. GCV has now opened up the investment round to new private investors via its online investment platform – growthfunders.com Investment from the current round will enable GCV to support 30 high-growth start-ups and create hundreds of new tech jobs within the North East through its venture builder unit, G-Labs. It will also enable GCV to increase internal headcount from 22 to 40 in the next 12-24 months. The funding announcement comes as

Stemson Therapeutics announced today £6 million seed financing from impact investor Fortunis Capital and Allergan Aesthetics, an AbbVie Company, to advance development of Stemson’s therapeutic solution to cure hair loss. Stemson aims to restore human hair growth with a novel approach using the patient’s own cells to generate new hair follicles. Allergan Aesthetics is a world leading medical aesthetics company. Fortunis Capital, a London-based venture capital firm is committed to continuing support of Stemson’s regenerative cell therapy to treat hair loss. Fortunis Capital’s new Impact Fund intends to invest in companies, such as Stemson, which offer significant social or environmental benefit. 

Ki, a fully digital and algorithmically-driven Lloyd’s syndicate, has raised USD500 million of committed capital from two backers, funds managed by Blackstone Tactical Opportunities (Blackstone) and Fairfax Financial Holdings Limited. The capital commitment will fund Ki’s expansion as it launches in Q4 2020, enabling the business to grow rapidly to significant scale.   Ki is a newly formed follow-only digital business which will write its’ first risk incepting in January 2021. It will underwrite using an algorithm-driven approach and offer instant follow capacity through its proprietary digital platform. Ki will write a broad range of specialty business following selected leaders in

Kbox Global has raised GBP12 million in a funding round led by Balderton Capital, to continue its mission to revolutionise the food delivery market through its unique host kitchen technology. The Kbox model revisits the traditional economics of food delivery by utilising capacity in existing commercial kitchens. Kbox’s technology and menu portfolio mean kitchen owners, from pubs, hotels and restaurants to supermarkets, can establish an agile new revenue stream, that reflects the demographics and taste trends of their area, within days, for no upfront fee, and no additional investment in bricks and mortar. The company has seen exponential growth in the

Praetura Ventures, a VC fund that targets high-value sectors in the north of England, is investing GBP1 million in a tech company that helps businesses defend themselves against customer-focused cyberattacks and improve the digital experience their websites offer to consumers.The funding secured by Leeds-based RapidSpike will allow it to enhance and scale its product and expand its client base to add to its stable of blue-chip customers that includes William Hill, Npower and major US brand retailer Helen of Troy (owner of Revlon, Braun and Honeywell among others).   RapidSpike’s platform monitors websites from a consumer interface, helping to provide

Helsinki-based HappySignals, an Employee Experience Management Platform provider, has announced the successful closure of a EUR4.7 million series A funding round led by Nauta Capital with Vendep Capital also in participation. HappySignals will further its mission of helping enterprise IT leaders identify what needs to change so they can build happy, productive cultures that drive digital transformation by scaling operations in Europe and the US. “We believe happiness and productivity are the keys to transforming business IT culture for the better,” says HappySignals CEO Sami Kallio. “We do this by giving enterprise IT leaders the employee experience data they need to