US Logistics Firm Launches Accelerator for UK Startups
GXO Logistics, the US logistics company, has announced the launch of a new accelerator for UK and Ireland startups. The “open innovation programme” aims to identify, test and scale new technologies for the logistics sector in both regions. “Supply chains are evolving rapidly, and collaboration with innovative technology partners is essential to staying ahead of […]
UK government-backed “Women Backing Women”fund announces first close at £130m
The “Women Backing Women” fund, which is backed by the UK government, has announced that it has reached the first close of £130 million of its £250 million goal. Bootstrap4F, which is managing the fund of funds, said it received investment from Barclays, the British Business Bank, M&G and Nationwide. Stephanie Heller, managing director at […]
9fin crowned Europe’s newest Black-led unicorn after $170m raise
London-based fintech 9fin has raised $170 million in a Series C round, pushing its valuation to $1.3 billion and officially joining the ranks of unicorn startups. The round was led by HarbourVest, with participation from CPP Investments and existing investors including Highland Europe, Spark Capital, Redalpine, and Seedcamp. CPP’s involvement is notable, not just as […]
UK Small businesses to receive a £7.4bn boost from the government
Small businesses across the United Kingdom are set to receive more than £7.4 billion a year in government spending by 2028, under new targets aimed at boosting growth and creating jobs. New targets published by the government will see its departments delivering on a key commitment in the Plan for Small Business by spending more […]
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