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Brent Hoberman has raised another $25 million for his European startup fund

9 monthes ago   |   By Business Insider

Firstminute Capital, the startup investment fund from Lastminute.com founder Brent Hoberman and former Goldman Sachs analyst Spencer Crawley, has raised another $25 million .
The money will be used to back startups across Europe, particularly those operating in industries like medtech, robotics, fintech, and artificial intelligence.
Firstminute Capital announced a first close of $60 million in June but a final close of $85 million was declared on Thursday.
New investors include Chinese tech giant Tencent, BlaBlaCar cofounder Frederic Mazella, Sir Paul Ruddock, who is the chair of the...
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Fintech DueDil lost £6.6 million last year as it chased growth - and the firm is raising more money

Fintech DueDil lost £6.6 million last year as it chased growth - and the firm is raising more money

9 monthes ago   |   By Business Insider

LONDON - Financial information startup DueDil lost £6.6 million last year on revenues of £2.2 million, new accounts show.
The startup has raised £900,000 through convertible loans so far this year and plans to raise a further £1.1 million using these loans for "working capital" until it raises more equity funding, accounts filed with Companies House this week show.
DueDil has raised $30 million to date from investors including Oak Investment Partners, Notion Capital, and Passion Capital.
The startup was in negative shareholder equity at the end of last year, with reserves down from £1...
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