Former Groupon and Deutsche Bank AG staff at start-up Wefox raise $650 million in Target Global-led funding round.
Insurance technology firm, Wefox was founded by former Groupon Inc. and Deutsche Bank AG staff who raised $650 million in a funding round that values the company at $3 billion today. The investment was preceded by Target Global, a venture capital
It’s a done deal: Morrisons to be acquired for £9.5bn
Only two weeks after Britain’s fourth-largest grocer rejected the spontaneous approach from the private equity group Clayton, Dubilier and Rice. The supermarket giant, Morrisons is set to be acquired by a trio of investment groups, including the Softbank owned Fortress
Mighty, Meet the new generation of Kid CEO’s
Enrichment programmes have just levelled up for children thanks to the thought-leader start-up, Mighty. Kids are no more limited to school, sports, and camps, instead, they are encouraged to be exposed to more money-making prospects in a bid to catapult them
Would you surprise your employees with a week off?
In response to increasing burnout rates, Bumble CEO, and the world’s youngest self-made billionaire acknowledges this by offering all 700 of her employees a fully paid week off from 21st June. Whitney Wolfe Herd, the founder and CEO of bumble was
Morrisons turns down a £5.5bn takeover tactic from US buyout giant Clayton Dubilier & Rice
The supermarket group's shares increased by more than 30%, it was revealed over the weekend. After being presented with the 230p-a share proposal from CD&R, the supermarket’s shares hit a high of 237.5p. CD&R also pledged to deliver Morrisons shareholders
DuckDuckGo injects $100M in secondary investment
The internet privacy company DuckDuckGo has revealed it is injecting $100 million+ in secondary investment last year from a combination of existing and new investors. There is quite an impressive lineup of investors including Omer’s Ventures, Thrive, GP Bullhound, Impact
Virgin Atlantic, places bets on Bristol’s ‘Flying Taxis’ Start-up
Bristol-based flying car company, Vertical Aerospace, has successfully secured one of the largest pre-orders, by American Airlines and Virgin Atlantic, in this new sector of ‘Air Taxi’s’ in the automotive industry. Britain’s first flying taxi is officially called the VA-X4
Apple hires former BMW executive for future Apple car
Ulrich Kranz, a well-respected former senior executive at BMW AG’s electric car division has been hired by the tech giant Apple to help with the development of the company’s newest venture, An apple car! Kranz, who is also co-founder of the
Depop acquired by Etsy for $1.6bn
The handmade goods marketplace is set to grow beyond its means in the e-commerce world, targeting millennial and Gen Z consumers with a new take on social shopping. The $1.6bn deal for the acquisition of Depop is described by Etsy
Meet TechNET Group’s freshest marketing recruit Mahdiyyah Wadud
Excited is an understatement when it comes to kick-starting my week by joining a forward-thinking talent partner across the IT / Digital / Immersive and Executive search sector as part of the marketing team. Specializing in all things public relations from