Screens at Work Limited have been successful in gaining a £200,000 loan from the Regional Growth Loan Scheme (RGLS), managed by Finance East and financed by the East of England Development Agency (EEDA).
Early stage, London based consumer web, health and wellness company, Weight Wins Limited, has successfully closed a significant funding round with the entire investment raised through from London Business Angels (LBA)
Envestors, the private investor network focused on high-growth companies, has again won top prize in its category for the venture capital community being named Private Investor Network of the Year at the Investor Allstars Awards.
Serial entrepreneur Duncan Bannatyne has announced an investment of £50,000 in emerging record label, RKA Records Ltd, which was negotiated on Dragons’ Den.
10 Yetis, the consumer and tech PR Agency based in the South West of the UK has announced that it has invested in the start up web film business; The Online Video Company.
Workbooks.com has secured a total investment of £5.4m from Angel investors. This business was able to raise the additional capital in less than 60 days, in part because Angel investors were able to take advantage of the recent EIS tax relief changes, which makes the investment more tax efficient for private investors.
The UK has been identified as a more dynamic hub than the US for new entrepreneurial investors in technology, so said a line up of some of Europe’s top Super angel investors: Stefan Glaenzer, co-founder of White Bear Yard and new Passion Capital fund, Mattias Ljungman from Atomico Ventures set up by the Skype founders and Alex at the recent British Business Angels Association National Investment Summit.
Innovative and creative digital businesses based in east London are to benefit as funding for a pilot innovation initiative designed to encourage collaboration in the area doubles. The Technology Strategy Board has decided to increase the amount of funding available for the Tech City Launchpad initiative to £2 million, enabling it to provide support in the form of £100,000 grants to twice as many companies.
Merism Capital, the social impact seed fund, has partnered with Crowdcube, which is reported to be the first crowdfunding website in the world to offer ordinary people equity in exchange for investment.
Cloud Accounting software specialist, Liquid Accounts has successfully secured second-round funding in order to develop its sales, coinciding with the release of Version 7 of its award-winning online accounting software. The new version includes many enhancements including a new optional integrated Payroll module.