LONDON: Oxford Metrics plc (LSE: OMG), the smart sensing and software company announced the acquisition of The Sempre Group Holdings Ltd, a measurement specialist solving manufacturing challenges across multiple industries. The total consideration for the Sempre business of up to £5.5m is subject to customary adjustments for working capital, cash and debt-like items. The consideration…
KSA and UAE lead MENA startup funding with $328.3 million in September
DUBAI: In September 2024, Saudi Arabia and the UAE emerged as the giants of startup funding in the MENA region, according to research by Rasmal, a MENA-focused media agency. The Middle East and North Africa’s burgeoning startup ecosystem secured a substantial $328.3 million across 60 startups, with backing from 36 different investors. This influx of…
COVU Inc. raises $12.5 million in Series A funding round
SAN FRANCISCO: COVU Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million. The funding round attracted investment from prominent investors…
watchTowr announces $19 million Series A funding round led by Peak XV
SINGAPORE: WatchTowr, the cybersecurity startup redefining External Attack Surface Management, today announced a $19 million Series A funding round led by Peak XV, formerly known as Sequoia India & Southeast Asia, with repeat participation from Prosus Ventures and Cercano Management. The company will use the funds to capture market leadership and accelerate global growth by…
Ripple launches bank-grade custody solution to crypto businesses
SAN FRANCISCO: Ripple, the leading provider of digital asset infrastructure, announced the launch of new features and functionality to Ripple Custody, bringing the benefits of its market-leading bank-grade custody technology to fintechs and crypto businesses. The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenizing…
Games Workshop appoints Mark Lam as Non-Executive Chair
LONDON: Games Workshop Group announced the appointment of Mark Lam as Non-Executive Chair of the company with effect from 1 November 2024. Mark has been an independent Non-Executive Director of the Company and the Senior Independent Director since 2023. A formal recruitment process was followed with the Nomination Committee working with a third-party board-level recruiter….
Brookfield Global Asset Management to acquire Tritax EuroBox for £557
LONDON: Brookfield Global Asset Management has reached agreement to acquire Tritax EuroBox plc in a £557 million deal. Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield’s real estate private funds, has reached an agreement with Tritax EuroBox plc for a recommended cash acquisition of the entire issued and to…
UIL Limited to merge Zeta Resources Limited investment platform
LONDON: UIL Limited has announced plans to merge the Zeta Resources Limited (“Zeta”) investment platform into its operations. This follows a sale and purchase agreement with General Provincial Life Pension Fund Limited (“GPLPF”) to acquire all 187,572,396 ordinary shares in Zeta held by GPLPF. This acquisition will result in UIL owning 95.03% of Zeta’s share…
clock.bio raised $5.3 million in seed funding led by LocalGlobe
CAMBRIDGE: clock.bio, a healthspan biotech, raised $5.3 million in seed funding led by LocalGlobe, with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner, the Founder of Abcam. The company has made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an “Atlas of Rejuvenation Factors.” While all…
Letting go of unused gift cards: A lesson in financial self-care
We’ve all done it—received a gift card, felt that initial spark of excitement, and then… promptly forgotten about it. Months later, we stumble across that little piece of plastic, tucked away in a drawer, gathering dust. And then the familiar thought comes creeping in: I’ll use this one day. But here’s the thing: most of…
Purespring Therapeutics has raised £80 million in an oversubscribed Series B financing
LONDON: Syncona Ltd’s portfolio company Purespring Therapeutics, a pioneering gene therapy company focused on transforming the treatment of kidney diseases has raised £80 million in an oversubscribed Series B financing. Syncona has committed £19.9 million as part of a leading Series B syndicate, led by Sofinnova, in collaboration with Gilde Healthcare, Forbion, and British Patient…
Mondi plc agrees to acquire operations of Schumacher Packaging
LONDON: Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition will expand Mondi’s corrugated footprint in Western Europe and add complementary fibre-based products, focused on eCommerce and FMCG, to enhance its existing customer offering. Today’s announcement is in line…