Tag: invests
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212 NexT invests in advanced chemistry startup Aepnus
Turkish deep-tech fund 212 NexT, focused on advanced materials and industrial technologies, has participated in Aepnus’ pre-Series A funding round. Founded by Lukas Hackl and Bilen Akuzum and headquartered in the US, with additional operations in Canada and Germany, Aepnus is developing a modular alternative to conventional energy-intensive production methods. The company’s technology is designed read more
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British Business Bank invests up to £45M in VC fund targeting consumer brand startups
The British Business Bankis investing up to £45m in a VC fund which makes seed-stage investments in consumer brand startups and B2B tech that supports them. The UK state-backed bank is investing the funds in Redrice Ventures, saying it will help promising startups scale, commercialise research and attract follow-on investment. It is investing in Redrice’s£75m read more
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UK tech startups urged to take bold risks, by AI minister, as chip startup Fractile invests £100M
UK tech startups are being urged to take bold risks, by the UK’s AI minister,saying the government will back them, as a UK chip startup pledges to invest £100m in its business. The call comes as the UK government looks to make the UK an AI superpower, attracting investment from tech giants to build massive read more
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British Business Bank invests £25M in Kraken Technologies
The UK government-backed British Business Bank (BBB) is taking a £25m stake in Kraken Technologies, the software entity being spun out of Octopus Energy, marking the bank’s biggest ever direct investment into a private firm. Octopus Energy sold a $1bn stake inKraken last month to a syndicate of investors, paving the way for its demerger read more
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QuantumDiamonds invests over €150M for quantum chip inspection facility
German quantum sensing company QuantumDiamonds GmbH has announced an investment of more than €150 million to establish a production facility for quantum-based chip metrology systems. The facility, planned for eastern Munich, is expected to receive significant public support from the German federal and Bavarian governments under the European Chips Act. QuantumDiamonds, a spin-off from the read more
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Barclays invests in fintech group United Fintech
Barclays is investing in United Fintech, joining four other big banks, which have invested in the fintech group. Barclays is joiningCiti,Danske Bank, BNP Paribas and Standard Chartered which have invested in United Fintech. London-headquartered United Fintech, founded in 2020,acquires and scales fintechs across commercial banking and capital markets, as it looks to serve the needs read more
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Ball Corporation invests $60m in Indian aluminium packaging plant
US-based aluminium packaging manufacturer the Ball Corporation is investing $60m to expand production capacity at its manufacturing facility in Sri City, in the Indian state of Andhra Pradesh. The latest investment strengthens Ball’s regional supply chain in India. It follows a close-to $55m commitment by the company in 2024 to expand its can manufacturing plant read more
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