Category: secures
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Evolve Business Group secures multi-million-pound BGF investment to drive ambitious growth
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Evolve Business Group, a Wigan-based company specialising in managed networking and IT solutions, has secured a multi-million pound investment from BGF, a leading growth capital investment firm in the UK and Ireland. Founded in 2005, Evolve has built a reputation for helping companies reduce costs and simplify service management across…
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AI firm secures $300m valuation in major US private equity deal
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Board Intelligence, the leading AI company working to improve board performance, has announced the sale of a majority stake to California-based private equity firm K1, valuing the London-based company at up to $300m (£230m). The major investment will see founders Jennifer Sandberg, 44, and Pippa Page, 40, receive millions of…
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Silicon Valley Bank’s former parent secures approval to end bankruptcy
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Justin Sullivan/Getty Images News SVB Financial Group (OTC:SIVBQ), the former parent company of failed Silicon Valley Bank, received permission from a U.S. judge on Friday to distribute its assets to its creditors and close its bankruptcy, Reuters reported. According to the report, the bankruptcy plan includes: Provides for the establishment…
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Trump Fundraising Secures $25M Boost From Bitcoin Conference
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In a remarkable display of financial muscle, former US President Donald Trump reportedly secured a staggering $25 million in funding from the Bitcoin 2024 conference held in Nashville, Tennessee. The large sum not only highlights the growing support for Trump within the crypto community but also underscores the growing role…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Chainbase Secures $15 Million Series A To Revolutionize Omnichain Data Intelligence
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Credit: beincrypto The cryptocurrency and blockchain landscape is evolving rapidly, creating an unprecedented need for comprehensive, unbiased and transparent data across the entire spectrum of digital assets. Amidst this dynamic environment, Chain ruleChainbase, an innovative multi-chain data network, has emerged as a leader in the space, securing $15 million in…
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Chainbase Secures $15 Million Series A To Revolutionize Omnichain Data Intelligence
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Credit: beincrypto The cryptocurrency and blockchain landscape is evolving rapidly, creating an unprecedented need for comprehensive, unbiased and transparent data across the entire spectrum of digital assets. Amidst this dynamic environment, Chain ruleChainbase, an innovative multi-chain data network, has emerged as a leader in the space, securing $15 million in…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…
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Owlto Finance secures new funding at $150m valuation
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Cross-chain interoperability protocol Owlto Finance has raised fresh funds in a round backed by Matrixport, pushing its valuation to $150 million. Owlto Finance, an interchain interconnection service developed as an Ethereum Layer 2 stacking solution, has raised fresh capital in a funding round backed by Matrixport, raising its valuation to…
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Atos secures funding of $1.82 billion to restructure its debt By Reuters
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French IT company Atos said on Monday it had secured 1.675 billion euros ($1.82 billion) in financing to restructure its debt through a closing agreement with a group of banks and bondholders representing more than 50% of its creditors. Atos said the remaining creditors have until July 22 to participate…
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Mullen Automotive secures additional funding through notes By Investing.com
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Mullen Automotive Inc. (NASDAQ:), a leader in the electric vehicle market, has secured additional financing through the issuance of convertible notes and warrants, as detailed in a recent 8-K filing with the Securities and Exchange Commission (SEC). On Monday, July 9, 2024, the Company entered into agreements with certain investors…
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Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
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Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance Simply Asset Finance’s ability to finance businesses across the UK. The agreement strengthens Bank…
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Israeli startup R2 secures the wireless front
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Among the early-stage startups in Israel’s defense sector is Wireless Sensor R2 wirelessFounded three and a half years ago by Dr. Jephthah Richter, the company has developed a product that provides full-spectrum defense. This means that a hostile entity can be located based on which of its devices is transmitting…
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Fluor secures contract for German battery plant project By Investing.com
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IRVING, Texas – Fluor Corporation (NYSE: NYSE:) has been selected to provide engineering, procurement and construction management services for the first phase of Northvolt’s lithium-ion battery plant in Heide, Germany. The contract is part of a larger $4.8 billion project, with Fluor’s share of the contract value not disclosed but…
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Elon Musk Secures Shareholder Approval for Historic £44bn Tesla Pay Package
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Tesla CEO Elon Musk has won shareholder approval to reinstate his unprecedented $56bn (£44bn) pay package, marking the largest in US corporate history. Tesla confirmed that proposals to ratify Musk’s compensation deal and move the company’s legal headquarters to Texas have been approved by shareholders. Enthusiastic chants of “Elon Musk,…
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WorkL Secures £2M Series A Funding from Calculus Capital to Propel Global Expansion
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WorkL, the organization behind the World’s Happiest Workplaces and Sunday Times Best Workplaces lists, has raised £2 million in a Series A funding round, in partnership with Calculus Capital. This financing aims to accelerate WorkL’s international growth after five successful years of expansion. Founded by Lord Mark Price, former Deputy…
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VC Firm Paradigm Secures $850 Million For Crypto Projects In Latest Fundraise
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Venture capital firm Paradigm has It said It has raised $850 million for its third fund, backing early-stage cryptocurrency initiatives led by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang. Increased interest in venture capital in the industry Paradigm’s previous investments include notable projects such as decentralized…
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Revolut Secures 10-Year Lease in Canary Wharf, Enhancing its Commitment to London
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Leading fintech company Revolut has signed a 10-year lease for office space in the heart of Canary Wharf, marking a major boost to the prestigious financial district. The company will occupy the top four floors of the newly refurbished 30 South Colonnade building, now rebranded as YY London. Subject to…