Fundraising – Page 32
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NewsCity snapshot: Young’s taps investors for £88m ahead of pub reopenings
Pub group Young’s has raised over £88m from its investors via a share placing to boost its balance sheet ahead of the reopening of its pub estate and “pursue opportunistic acquisitions”. Plus trading updates from Science in Sport, Gusbourne and all the rest of the latest news from the City.
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NewsWooHa Brewing Company embarks on £1.5m rebrand following crowdfunding campaign
The Scottish craft brewery will add five new beers to its core range and aims to expand production by 17 times over the next three years
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NewsSlim Wine turns to the crowd to fund growth push
The business launched a crowdfunding campaign on Seedrs earlier this month, looking to raise £200k in exchange of a 3.2% stake
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NewsServed launches hard seltzer duo infused with wonky fruit
Backed by heavyweight investors, they will hit Selfridges from 22 July
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NewsFine foods wholesaler Hider Foods secures £5m funding
The company will use the money to pursue its ambitious growth plans
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NewsReport urges government support for ‘squeezed middle’ food businesses
Some companies face up to 50% of their customer base delaying payments or not paying outstanding invoices because of the crisis
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NewsBabyfood startup Mia & Ben raises multimillion-pound investment
The London and Berlin-based business raised £2.5m from impact food investor Blue Horizon Ventures
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NewsBuymie targets 15 cities as it secures €5.8m funding
The latest funding round takes Buymie’s total capital raised this year to over €8m
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NewsPerformance nutrition brand ProFoods turns to the crowd for US launch
Performance nutrition business ProFoods Group has launched a crowdfunding campaign to oversee its expansion in the US market.
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Analysis & FeaturesOcado’s £1bn fundraise announcement: What the analysts say
Here’s what the experts have had to say about Ocado’s fundraising plans
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NewsOcado launches £1bn funding drive to capitalise on online shopping boom
Ocado is seeking to raise more than £1bn to capitalise on the boom in online grocery shopping brought about by coronavirus.
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NewsMission Ventures takes on seven startups to tackle childhood obesity
Mission Ventures will help seven brands at different growth stages tackle childhood obesity through an accelerator programme providing support and funding
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NewsWest Berkshire Brewery smashes £750k crowdfunding target
The company raised over £765k from 555 investors, despite the coronavirus pandemic impact on the hospitality industry
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NewsVeganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
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NewsCity News: SSP Group returns to shareholders to ask for more
This week SSP Group pleaded with shareholders to reinvest the dividend payment it was obligated to pay, having already tapped them for £216m in March.
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NewsFood and drink firms tap Bank of England for £1.9bn in coronavirus loans
Compass Group, John Lewis, M&S, Greggs and Brakes Bros are among the firms to raise cash from the Bank of England’s Covid Corporate Financing Facility
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NewsAlcoholic tea startup Noveltea smashes £150k crowdfunding target
The premium low-abv alcoholic tea brand will use the funds to launch in the US later this year and improve sales in its current markets
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NewsWholey Moly closes small funding round to see brand through coronavirus hardship
The company was able to raise the funds from friends and family after a bigger raise with angel investors was postponed
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NewsHonestly Good Smoothie Co smashes crowdfunding target within days
Honestly Good said it aimed to “take the business to the next level”
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NewsScandit secures funding boost amid rising demand for ‘contactless business’ tech
Scandit technology is also used by grocery delivery drivers to ensure the right items are delivered to the correct customer