Deals of the week May 4 to May 7 – a GrowthBusiness roundup 7 May 2021
Growth Business roundup of Deals of the Week, May 4 to May 7, listing seed funding, venture capital and crowdfunding deals of note
Octopus wraps around £8m insurtech Series A
Octopus Ventures has a led a £8m Series A round for Sprout.ai, the insurtech which enables insurers to settle claims within 24 hours. Other investors in the round were Amadeus Capital Partners, Playfair Capital and Techstars. Sprout.ai clients include insurance giant Zurich.
Fixr boogies with £6.5m investment
Fixr, the digital events and ticketing platform, has raised £6.5m from investors for its white-label advance ticketing service. Investors include FSE Group, Armajaro Holdings, Smith & Williamson and Carlisle Commerce Group. Rekom UK, Britain’s biggest nightclub operator in terms of floorspace, has signed up for Fixr’s ticketing solution as the country prepares for nightclubs to reopen.
ITV injects GBP2 million into Respoke via IT AdVentures Invest
Tue, 4th May 2021 16:38
(Alliance News) - ITV PLC on Tuesday said it will subscribe for up to GBP2 million of convertible notes into Respoke Ltd, a menswear clothing firm behind the brand SPOKE.
This deal marks the second investment made by ITV AdVentures Invest, which is the FTSE 250 broadcaster s media for equity initiative, and will be made alongside the British Growth Fund, Oxford Capital and 24Haymarket.
Respoke will use the investment for television advertising purposes. For the year ended October 31, 2019, Respoke s gross assets were GBP8.1 million, up from GBP3.2 million.
Second Transaction under New Media For Equity Programme ITV AdVentures Invest, ITV s new media for equity initiative, has concluded its second investment in Respoke Limited, the company behind the premium custom-fit menswear brand SPOKE. ITV Adventures Invest s first investment, in the location service what3words, was concluded last month. ITV has agreed to subscribe for up to £2m of convertible loan notes in Respoke Limited in three tranches. ITV joins a respected group of shareholders, including the British Growth Fund, Forward Partners, Oxford Capital and 24Haymarket. SPOKE will use ITV s media investment to bring its brand message to British men through the power of TV advertising, embracing high style, smart functionality and perfect fit. SPOKE has combined extensive tailoring experience with the power of digital technology to offer a bespoke experience previously only reserved to tailor-made fashion and has already acqui
It s now ten years ago that Telefónica announced plans to launch a startup incubator and youth apprenticeship program across its European and Latin American footprint.
In the intervening decade, the Spanish telco s Wayra division has invested almost 50 million (US$60 million) in 800 startups and helped create more than 10,000 jobs. Telefónica also noted that the investment has appreciated by more than 70% over this period, while 75 startups have now exited the Wayra portfolio.
Irene Gómez, director of Connected Open Innovation, the Telefónica unit that integrates Wayra, said more than 250 startups have also been able to work directly with Telefónica, thus achieving one of Wayra s main objectives, that startups can scale their businesses with Telefónica.
Developers include Hunter Pasteur Homes, Oxford Capital Group and Forbes Co.
First Community Benefits Ordinance meeting scheduled for March 11
Elkus Manfredi Architects
Developers envision 188 apartments in a seven-story building on Michigan Avenue in Detroit s Corktown neighborhood, in addition to seven townhomes, 12,451 square feet of retail and a 401-space parking deck.
A three-headed joint venture is proposing a new apartment and townhouse development that would also add more retail space and parking to Detroit s Corktown neighborhood.
The additional development plans emerge as Ford Motor Co. continues its work on Michigan Central Station nearby, the planned anchor of a $740 million autonomous and electric vehicle hub that is slated to bring 5,000 jobs to the enclave west of downtown. It has also spurred developer interest in the area, seeking to capitalize on the influx of new workers.