Tagged: future fund

Update: Savings App Chip Set to Close Future Fund Round on Crowdcube With More Than £11.3 Million Raised

Savings App Chip is set to close its Future Fund round hosted on Crowdcube with more than 11.3 million raised from 1945 investors. The campaign made its debut on the equity crowdfunding platform earlier this month, originally seeking £2 million, which was raised in under… Read More

British Business Bank Publishes Diversity Data on Future Fund Convertibles

The British Business Bank has distributed some data points pertaining to the Future Fund on the 711 individual companies that have been approved to receive £720 million via convertible securities offerings. The Future Fund is a COVID support program that is seeking to support early-stage… Read More

Savings App Chip Raises £10.7 Million in 48 Hours as Part of Future Fund Round on Crowdcube

Savings App Chip is says it raised £10.7 million in under 48 hours as part of a Future Fund round hosted on Crowdcube. A total of £2 million was raised in under 10 minutes and £4 million in under an hour. The Future Fund is… Read More

Chip Reports Strong Interest in Forthcoming Crowdcube Offering

Chip, a savings app, is reporting solid interest in its forthcoming securities offering on Crowdcube. Accordging to a release, Chip has seen approximately 25,000 individuals pre-register on the upcoming funding round. Chip says this investment interest follows a summer of record growth for the Fintech…. Read More

DLT Firm Billon Group Raises £2 Million Under Future Fund Scheme

Billon Group Ltd. has raised £2 million supported by the Future Fund scheme, a COVID support program designed to help struggling early stage UK firms. According to the company, Billon secured investment commitments from angel investors and VCs of £1 million matched by the UK… Read More

Update: Home Savings App Nude Is Set to Close Seedrs Campaign With More Than £3.53 Raised

  Nude, a home savings app, is set to close its equity crowdfunding campaign on Seedrs with more than £3.53 million raised from over 780 Seedrs investors. As previously reported, Nude describes itself as a savings account and financial friend for first-time home buyers. The… Read More

New Lenders Added for CLBILS While 1.2 Businesses Supported by COVID Schemes, Future Fund Grows Too

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

Overfunding: Home Savings App Nude Surpasses £3.5 Million Funding Target Through Seedrs Campaign

Nude, a home savings app, has successfully secured its initial £3.5 million equity crowdfunding target through its Seedrs campaign. The funding round was launched earlier this month and has attracted nearly 670 Seedrs investors. Founded in 2019, Nude describes itself as a savings account and… Read More

UK COVID-19 Support Programs Update: £47.9 billion to over 1.1 million businesses in Lending Schemes

The UK COVID-19 support programs continue to expand as the banking and finance industry has now approved £47.9 billion to over 1.1 million businesses via government-backed coronavirus lending schemes, HM Treasury reports today. Both traditional finance and Fintechs are supporting these programs. Specifically: Coronavirus Business… Read More

Update: Short-Let Management Company Houst Set to Close Seedrs Round With Nearly £2.5 Million Secured

Houst, a UK-based short-let management company, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £4.5 million raised. The funding round has attracted more than 475 Seedrs investors and was approved from the Future Fund, a UK government initiative to support… Read More

HM Treasury Update Shows Ongoing Rise of COVID-19 Support Schemes, Bounce Back Loans Top One Million, Future Fund at £380 Million

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In… Read More

Get Nude: Offering on Seedrs for Home Purchasing App Goes Public after Raising £3.3 Million in Private Segment, Plans to Apply for Bank License

Nude, a home savings app, quickly raised about 96% of its securities offering goal during the private stage of the listing on Seedrs. According to the company, it raised 96% of its £3.5 million target during the private phase of the campaign over the weekend…. Read More

HM Treasury: Future Fund Extended to Certain Firms that Participated in Non UK Accelerator Programs, Funding Allowed to Surpass Initial £250 Million Amount

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More

Future Fund Has Approved £236 Million in Convertible Loans for 252 Companies

The British Business Bank has distributed data on the Future Fund indicating £236.2 million worth of convertible loans have been approved for 252 companies. Launched on May 20, 2020, the Future Fund is a government plan designed to aid entrepreneurial young firms that did not… Read More

Overfunding: Short-Let Management Company Houst Quickly Secures £1.5 million Through Latest Seedrs Round

Houst- a UK-based short-let management company, has successfully secured its initial £1.5 million through its latest equity crowdfunding campaign on Seedrs. The funding round has attracted more than 250 investors. Founded in 2015, Houst states it partners with homeowners, advertise their properties on platforms like… Read More

Assetz Capital Tops £500,000 on Seedrs, Looks for Matching Money Under Future Fund

Assetz Capital, a secured peer to peer lender operating in the UK, recently launched a securities offer on Seedrs. Assetz Capital claims to be the second-largest peer to peer business lender in the UK. In about a week, Assetz Capital raised its £500,000 minimum target… Read More

As of May 31st, 464 Early Stage Firms Had Applied for the Future Fund

The Future Fund, a UK government initiative to support startups and early-stage ventures – many of which are not profitable, reported 464 applications for the program as of May 31st. As part of a weekly update, HM Treasury quantified the number of applicants – a… Read More

The Future Fund Opens Today

Long-anticipated, the Future Fund opens for applications today. The Future Fund will remain open until September and is delivered in partnership with the British Business Bank. The Future Fund was revealed in April by Chancellor of the Exchequer Rishi Sunak as part of a package… Read More

UK Government Expected to Soon Clarify Crowdfunding Platforms Possible Participation in Future Fund

Earlier this week, HM Treasury announced updated relief programs designed to help early-stage firms that may not have been eligible for previously announced COVID-19 economic support programs. At the time of the announcement, Chancellor of the Exchequer Rishi Sunak said the additions would help power… Read More

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