Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates — is announcing a milestone […]
Phew! Kwarteng can breathe again as Meggitt race slims down to one
TransDigm was the more problematic bidder but the UK still needs solid assurances from Parker-Hannifin• Meggitt takeover rival pulls outThat’s a relief – especially for Kwasi Kwarteng, the business secretary. TransDigm, by a distance the more problemat…
Founders Factory and G-Force launch Seed program for climate-focused startups
UK tech accelerator Founders Factory is joining forces with a European counterpart to launch the Founders Factory Sustainability Seed program. Launched in partnership with G-Force (the G is for Green) based out of Bratislava, Slovakia, the program will look to invest in and accelerate climate-tech startups. The program will invest in entrepreneurs with startups that […]
Bidders’ enthusiasm for Morrisons unlikely to be dampened by results
US rivals remain keen, but with profits under pressure, some wonder if the supermarket is really worth a £7bn offerMorrisons’ rollercoaster ride continues this week as the Bradford-based supermarket updates the market, and its suitors, on how business …
Sphere raises $2M to help employees lobby for Green 401(k) plans
In the United States, a 401(k) plan is an employer-sponsored defined-contribution pension account. However, with legacy institutional investing, most of these have at least some level of fossil fuel involvement and let’s face it, very few of us really know. Now a startup plans to change that. California-based startup Sphere wants to get employees to […]
Vista Equity to acquire majority stake in SaaS startup Drift, taking it to unicorn status
Private equity firm Vista Equity Partners announced today that it is taking a majority stake in Drift, a company which aims to be the Amazon of businesses, with a “growth investment” that propels the venture-backed startup to unicorn status. Unfortunately, neither party would disclose the amount of the investment, or Drift’s new valuation. But co-founder […]
Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem
There has been significant hype around Latin America’s startup success. For good reason, too: Startups have raised $9.3 billion in just the first half of 2021, almost double the amount in all of 2020.
Boston’s startup market is more than setting records in scorching start to year
Boston is benefiting from larger changes to the U.S. venture capital market, helping close historical gaps in its startup funding market and access funds that previously might have skipped the region.
Future tech exits have a lot to live up to
Investors appear to be betting that the future IPO market will accelerate at attractive prices. Otherwise, none of what we are seeing regarding the rising price of startups makes sense.
Sainsbury’s could be next in line for private equity interest
With Morrisons already in a bidding war, UK supermarkets are attracting returns-hungry investorsSainsbury’s could be on the shopping list of private equity outfits as the race to buy Morrisons highlights the attractiveness of the big supermarket chains…