StandardsAboutContact

Traction

Breaking News

DataVita's £25m OakNorth Loan Was a BridgeThe Raise

DataVita's £25m OakNorth Loan Was a Bridge

DataVita's £25m OakNorth loan is not fresh growth capital - it's a bridge that kept contractors on site at its flagship Scottish data centre while HFD Group closed a much larger £300m package, £202m of it under a National Wealth Fund guarantee, announced six days earlier. The story is how long state-backed debt takes even with CoreWeave's lease already signed.

Read More
Venture & Funding

Loughborough Outsources Its Spinout Funding Gap to Haatch

Loughborough University's new venture network, LVIN, hands deal curation to Haatch, a venture capital firm that says it has deployed over £50 million into more than 100 B2B SaaS companies, rather than building an in-house alumni syndicate. No fund size or deployment timeline is disclosed, making the model's real test whether interest converts into wired pre-seed cheques.

Read More
The Raise

Wayve's $8.6bn Round: Why Three Automakers Bought

Wayve raised $1.2bn in a Series D announced 25 February 2026, reaching an $8.6bn valuation and $1.5bn in total capital secured, including an undisclosed milestone-based tranche from Uber. Mercedes-Benz, Nissan and Stellantis all took direct equity stakes rather than licensing deals, after Wayve said its software drove zero-shot across more than 500 cities in a year.

Read More
The Raise

Revolut's $115bn Repricing: What a UK Bank Licence Buys

Revolut's valuation jumped from $75bn to $115bn in eight months via a July 2026 employee share sale priced at $2,017 a share, per Bloomberg — a 53% rise with no new capital raised. The lift tracks a full UK banking licence secured in March 2026 and a $2.3bn 2025 pretax profit on $6bn revenue, per the company.

Read More

Featured Stories

SVC Backs SEEDRA Ventures' Oversubscribed Fund II — the

SVC Backs SEEDRA Ventures' Oversubscribed Fund II — the

The Raise

This is not a startup funding round — it is the fund-of-funds mechanism that produces one. Saudi Venture Capital has invested in SEEDRA Ventures' oversubscribed second fund, which will write early-stage checks to Saudi founders in AI, fintech, proptech, SaaS and logistics. Fund size and SVC's ticket are undisclosed; oversubscription is the only quantified fact in the deal.

SILQ Raises $20M From Gemcorp

SILQ Raises $20M From Gemcorp

The Raise

SILQ, the Saudi-Bangladeshi B2B commerce group formed from Sary and ShopUp, raised $20 million from Gemcorp Capital on July 13, 2026 and $75 million from Fasanara Capital nine days later — both Shariah-compliant debt facilities routed through its embedded-finance arm Fina, which lends against the SAR 10 billion in B2B commerce SILQ ran through 2026.

Egypt's Kuadra Raises Again From Edafa

Egypt's Kuadra Raises Again From Edafa

The Raise

Kuadra raised a new round led by Edafa Venture Capital — the same investor that bought into the Egyptian construction-tech startup for six figures earlier this year — but neither round discloses a size. The real signal is Kuadra's claimed advanced talks with one of Egypt's five largest contractors, not the raise itself.

Syria's Startup Scene Gets Its First Confirmed Foreign

Syria's Startup Scene Gets Its First Confirmed Foreign

The Raise

Labby, a Syria-based super app founded in 2024 by Mohammad Fawaz, has raised $10 million from a consortium of UAE and Saudi investors — the first direct foreign investment in a Syrian tech startup, per Syrian officials. The round funds product development and market expansion. Investor names, valuation, and user metrics remain undisclosed, per Wamda's July 22, 2026 report.

DataVita's £25m OakNorth Loan Was a Bridge

DataVita's £25m OakNorth Loan Was a Bridge

The Raise

DataVita's £25m OakNorth loan is not fresh growth capital - it's a bridge that kept contractors on site at its flagship Scottish data centre while HFD Group closed a much larger £300m package, £202m of it under a National Wealth Fund guarantee, announced six days earlier. The story is how long state-backed debt takes even with CoreWeave's lease already signed.

Loughborough Outsources Its Spinout Funding Gap to Haatch

Loughborough Outsources Its Spinout Funding Gap to Haatch

Venture & Funding

Loughborough University's new venture network, LVIN, hands deal curation to Haatch, a venture capital firm that says it has deployed over £50 million into more than 100 B2B SaaS companies, rather than building an in-house alumni syndicate. No fund size or deployment timeline is disclosed, making the model's real test whether interest converts into wired pre-seed cheques.

Wayve's $8.6bn Round: Why Three Automakers Bought

Wayve's $8.6bn Round: Why Three Automakers Bought

The Raise

Wayve raised $1.2bn in a Series D announced 25 February 2026, reaching an $8.6bn valuation and $1.5bn in total capital secured, including an undisclosed milestone-based tranche from Uber. Mercedes-Benz, Nissan and Stellantis all took direct equity stakes rather than licensing deals, after Wayve said its software drove zero-shot across more than 500 cities in a year.

Revolut's $115bn Repricing: What a UK Bank Licence Buys

Revolut's $115bn Repricing: What a UK Bank Licence Buys

The Raise

Revolut's valuation jumped from $75bn to $115bn in eight months via a July 2026 employee share sale priced at $2,017 a share, per Bloomberg — a 53% rise with no new capital raised. The lift tracks a full UK banking licence secured in March 2026 and a $2.3bn 2025 pretax profit on $6bn revenue, per the company.

UK Company Formation Fell 5.7% in H1 2026 Even as Active

UK Company Formation Fell 5.7% in H1 2026 Even as Active

Data

UK company formation is slowing for a structural reason, not a cyclical one: 402,000 businesses incorporated in H1 2026, down 5.7% year-on-year and the second straight half-year decline, while the active business base still hit a record 5.66 million. NatWest and Beauhurst's index points to mandatory identity verification, not doubled filing fees, as the bigger drag.

AILA Raises $3M Pre-Series A

AILA Raises $3M Pre-Series A

The Raise

AILA closed a $3 million pre-Series A led by Rua Growth Fund in August 2026, 20 months after a $1.15 million pre-seed — a normal-paced Saudi edtech raise, not a breakout one. The round funds regional expansion and AI development for its assessment platform, but neither AILA nor its investors disclosed valuation, revenue, or student-count figures.

Prevalent AI Raises £16.1m After Nine Debt-Free

Prevalent AI Raises £16.1m After Nine Debt-Free

The Raise

Prevalent AI raised £16.1m ($22m) from Integrity Growth Partners, its first outside capital in nine years, after annual recurring revenue more than doubled in the past 12 months on founder-led sales alone. The London firm, founded by ex-GCHQ operators, was already profitable; the round funds US expansion and a push beyond cybersecurity into financial-crime and compliance data.

View More Posts

Sign up for the Newsletter

The week in the field, weighed — what ships and where it slips.

Today's brief