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Top related persons:
Alberto Nagel - 1 Mediobanca - 1 Nagel - 1 Elvira Pollina - 1 Valentina Za - 1 Gavin Jones - 1
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London Acre
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MILAN - 1 Factory - 1 fintech - 1 Founders Factory - 1 Arma Partners - 1 Thomson - 1

Search resuls for: "Founders Factory"


8 mentions found


☆ Mediobanca teams up with UK's Founders Factory in fintech push
  + stars: | 2023-07-24 | by ( Elvira Pollina | ) www.reuters.com   time to read: +2 min
MILAN, July 24 (Reuters) - Mediobanca (MDBI.MI) will partner with London-based Founders Factory, an early-stage investor in new businesses, to promote fintech start-ups, the two companies said, as the Italian bank works to grow its international and tech footprint. Mediobanca will invest 12 million euros ($13 million) in a joint venture with Founders Factory with a view to building up 35 fintech ventures over the next five years. Founders Factory has invested so far in more than 300 tech companies, including nearly 50 financial technology ventures. "The (Mediobanca-Founders Factory) venture studio will build, finance and launch new fintech ventures that utilise advanced technologies, such as blockchain and artificial intelligence, to innovate the financial services market", the companies said. ($1 = 0.9029 euros)Reporting by Elvira Pollina; editing by Valentina Za and Gavin JonesOur Standards: The Thomson Reuters Trust Principles.
Persons: Alberto Nagel, Mediobanca, Nagel, Elvira Pollina, Valentina Za, Gavin Jones Organizations: MILAN, Factory, fintech, Founders Factory, Arma Partners, Thomson Locations: London, Acre
☆ BLOODBATH AVERTED: Inside the wild weekend that ended in Silicon Valley Bank UK selling for just $1
  + stars: | 2023-03-13 | by ( Callum Burroughs | Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +8 min
The sale means UK startups and investors will be able to access their money. Like its US parent, SVB UK mostly served tech startups and their investors. Insider understands from a person close to SVB UK that there is some internal frustration at the bank run. The feeling is that SVB UK was sold off simply because of groupthink. That evening, it looked feasible that the government would allow SVB UK to collapse.
☆ 'A huge relief': Startups react to Silicon Valley Bank UK's HSBC rescue deal
  + stars: | 2023-03-13 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
An entrance to the Alphabeta Building, which houses the offices of UK unit of Silicon Valley Bank, in the City of London, UK, on Monday, March 13, 2023. LONDON — U.K. startups are breathing a sigh of relief Monday, after HSBC announced it would buy a subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank. "I think I speak on behalf of U.K. start-ups when we say this is a huge relief," he said. "SVB UK has a decent balance sheet which enabled HSBC to do this deal," he told CNBC by phone. SVB UK reported profit before tax of £88 million for 2022.
☆ 75% of LGBTQ+ startup founders hide their identity from investors, UK survey finds
  + stars: | 2023-02-07 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Proud Ventures, with the backing of Founders Factory and Investec Wealth, surveyed 118 founders and 61 investors based in the U.K. for the research. It is the first report of its kind in the U.K. startup community, according to Proud Ventures. A survey from Proud Ventures, a network of LGBTQ+ venture capitalists and angel investors, found that 75% of LGBTQ+ startup founders and 79% of investors conceal their sexual orientation or gender identity. A number of startup founders reported facing discrimination as a result of their LGBTQ+ identity. It is feared the contraction in startup funding, declining technology valuations and a worsening macroeconomic backdrop could worsen the situation for LGBTQ+ founders.
☆ LGBTQ+ founders face extra challenges when fundraising, with 75% hiding their sexual or gender identity, report finds
  + stars: | 2023-02-07 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
LGBTQ+ founders face extra barriers when fundraising, and many feel the need to conceal their identities. A new report tracking the experiences of LGBTQ+ founders and investors in the UK startup and venture capital ecosystem paints a dire picture. LGBTQ+ founders — especially those who identify as women and nonbinary — face additional barriers when fundraising, the report found. Cisgender refers to a person whose gender identity is the same as the sex assigned to them at birth. Funds could also commit a proportion of investment to diverse founders, including LGBTQ+ founders, the report's authors said.
☆ Nesta's VC arm just launched a $60 million fund to back social and climate impact startups. We got an exclusive look at the 13-slide pitch deck it used to sway its board.
  + stars: | 2022-11-30 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
The VC arm of the UK's social innovation agency Nesta just launched a £50 million ($60 million) fund. We got an exclusive look at the 13-slide pitch deck used to convince Nesta's board to launch the fund. While UK-focused, Nesta Impact Investments can invest in any geography as long as the company could have a positive impact on the UK market. In this portfolio, Nesta Impact Investments is running at 71% from minoritized or disadvantaged groups, according to Barclay. We got an exclusive look at the 13-slide pitch deck Nesta Impact Investments used to sell Nesta's board on the new fund.
☆ Gaming startup Eterlast wants to bring boxing and rugby fans into the metaverse through NFTs. Check out the 19-slide pitch deck it used to raise $4.5 million.
  + stars: | 2022-11-08 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +3 min
Gaming startup Eterlast wants to bring NFTs to rugby and boxing fans through branded games. Check out the 19-slide pitch deck it used to raise its $4.5 million seed round. Web3 startup Eterlast has raised $4.5 million in seed funding to level up its gaming studio built to bring sports fans into the metaverse. However, Eterlast sees NFTs built for sports communities as being relatively protected from the bear market. "We are embarked on a mission, building the bridge for the next billion fans to enter Web3," he said.
☆ What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines
  + stars: | 2022-06-30 | by ( Yeji Jesse Lee | ) www.businessinsider.com   time to read: +17 min
In the early days of the industry, nonprofits and scrappy startups made up the psychedelics space. Research on compounds like psilocybin, the active compound found in magic mushrooms, and MDMA is resurfacing after years of neglect amid the war on drugs. Soon, VC firms focused on psychedelics companies began to emerge. Some psychedelics VCs, however, are still wary about entering the newest psychedelics space: Oregon's soon-to-be-legal magic mushroom market. Insider published a list of the psychedelics startups that raised the most cash in 2020.
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