Cambridge University spin-out Paragraf lands £2.9 million to boost graphene technology development

Paragraf, a UK startup that’s developing atom-layer, two-dimensional materials (starting with graphene), has secured a £2.9 million seed round led by Cambridge Enterprise, the commercialisation arm of the University of Cambridge. Paragraf is a spin-out from the Centre for Gallium Nitride group of Professor Sir Colin Humphreys in the Department of Materials Science at the […]

Nestlé acquires UK-based pet nutrition business

Nestlé’s Purina PetCare has acquired a majority stake in, a direct-to-consumer, personalised dog nutrition business based in the UK and backed by Draper Esprit. Launched in 2014, London-based aims to bring tailored dog nutrition to consumers at competitive prices and by means of a subscription service with home delivery. The company self-reportedly now […]

German fintech startup NDGIT raises €4 million in Series A round

Open banking platform NDGIT has raised €4 million in Series A funding round led by Capnamic Ventures and PROfounders Capital. The Munich-based fintech startup develops APIs for the sharing of financial and customer data in compliance with PSD2 and open banking regulations. Its customers include banks like Hypothekarbank Lenzburg (Switzerland) and Bank für Sozialwirtschaft (Germany). […]

UK fintech firm Revolut raises $250 million at $1.7 billion valuation

Revolut, a digital banking company, has announced a $250 million funding round at a $1.7 billion valuation led by Chinese firm DST Global. Other participants in the Series C round include Index Ventures and Ribbit Capital, bring the fintech company’s total funding to $340 million. The London company develops a mobile-based current account for transferring […]

Fat Lama raises $10 million Series A round for its rental marketplace

Peer-to-peer rental marketplace Fat Lama has raised $10 million led by Blossom Capital, the new VC firm helmed by former LocalGlobe partner Ophelia Brown, with participation from Atomico and Y Combinator. The UK startup’s sharing economy model allows users to rent goods – from cameras to drones to bikes – for a daily fee. It […]