News
Entrepreneurs have limited access to hard data that could help them make sound decisions when trying to build a successful new company. This is generally due to a fundamental lack of information about the materialised events of previously successful companies.
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A social network that helps new mothers make friends has bagged a £2m cash injection to boost growth and invest in app development, writes Liam Kelly.
Mush was launched in 2016 by Katie Massie-Taylor, 34, a former Citi derivatives broker, and Sarah Hesz, 35, a marketing consultant, after they met at a London playground with their children and talked about how they had struggled to make friends with other new mothers.
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UK smart battery firm Moixa has raised £5m from ITOCHU Corporation, a Japanese trading house, which has also backed other UK firms including Paul Smith and Kwik Fit.
Moixa also received £500,000 from existing shareholders.
Today’s news comes after the firm announced a £2m cash boost last year, saying at the time that it would use the money to expand in the UK and abroad.
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Data engineering tech company Duco has raised $28m in a Series C round.
The company drew investment from Insight Venture Partners, NEX Opportunities and Eight Road Ventures.
Cristobal Conde, the former CEO of SunGard and serial entrepreneur, also participated in the round.
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Duco, a London, UK-based data engineering technology company for the for financial services industry, completed a $28m investment round.
Backers included Insight Venture Partners, NEX Opportunities and Eight Roads Ventures and Cristóbal Conde, former CEO of SunGard.
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Around the same time that Shazam was selling for a fraction of its valuation the last time it was priced, its competitor SoundHound quietly raised a new round of financing that values the company at an estimated $1 billion, Recode has learned. Investors apparently believe that despite the troubles of a similar product, there is value in virtual assistants.
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London-based venture capital firm DN Capital has raised €200 million (£175 million, $248 million) for its fourth investment fund, targeted at early-stage startups.
The fund is DN Capital's biggest to date, with money from a mix of institutional investors, family offices, and high net worth individuals. Europe's fund-of-funds, the European Investment Fund, has also invested.
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Trading statement for the four moths ended 31 December 2017.
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Freeformers, a firm which seeks to digitally transform companies, has raised £1.2m from Impact Ventures UK.
The investment will be used to support the company’s expansion across the UK and abroad.
Set up by Gi Fernando MBE, Freeformers sets out to equip companies and individuals in a bid to prepare them to the changing world of work.
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The first clue that there’s something unusual about Amazon’s store of the future hits you right at the front door. It feels as if you are entering a subway station. A row of gates guard the entrance to the store, known as Amazon Go, allowing in only people with the store’s smartphone app.
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