Online accountant Crunch.co.uk is gearing itself up for a period of rapid expansion as it continues to consign the traditional accountant-model to the history books with its innovative service.
Karen Hanton, who was inspired to start the restaurant booking website toptable.co.uk in 1999 out of frustration at the sight of empty places in her London restaurant, has served up £35million after agreeing to sell to US firm OpenTable. The deal will see the Scottish entrepreneur receiving a £16million windfall for her majority stake.
The business angel network Beer & Partners have helped entrepreneur Sally Chamley secure £300,000 from angel investors for her luxury furniture design business, Black Orchid Interiors.
Intellectual property (IP) has become the genie in the lamp of the 21st century business landscape; an overblown smokescreen that entrepreneurs and businesses are afraid to release in fear of idea theft.
Over 175 guests gathered together in the contemporary surroundings of the Lowry Hotel, Manchester to celebrate the achievements of the angel and early stage investment industry at the British Business Angels Association 6th Annual Awards Gala Dinner.
A new online service has launched, into the fairly crowded space, to connect investors with businesses looking for funding.
Octopus Ventures has announced an investment of £1.3m into Gymbox, a highly distinctive London based health club business. The deal with Gymbox represents the tenth deal Octopus has completed this year, heralding a clear resurgence in venture funding.
Four London Business Angels investors actively participated in the most recent £580k round of funding for London based AudioBoo with the lead angel from the syndicate joining the Board as Chairman. Coined as the Twitter-for-audio, LBA investors now join Channel 4’s media 4iP and Imagination Technologies (supported by both Apple and Intel) in backing this early stage business.
Anyone with a good idea and adequate common sense can start a business, but establishing and growing it is another matter.
In the current climate, where money lending has all but dried up, orders are falling, and firms are trimming all the fat possible by cutting costs, the hard part is often working out how to grow your business.