Groovy UK Limited, a wholesale and giftware business, has received a £250,000 loan facility from the Midlands Engine Investment Fund (MEIF), managed by Maven Capital Partners.

The business is a developer, wholesaler and distributer of giftware products and will use the funding to accelerate the company’s growth plans and invest in its product portfolio and licensing agreements. 

Groovy sources and designs hard-to-get giftware products and supply them to major high street and online retailers. With experience in both designing and manufacturing a mix of original products, Groovy’s clients include the likes of Argos and Harrods. 

Following recent expansion in Singapore, London based RegTech firm ClauseMatch closed its first venture debt funding round with Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors.

Maven Capital Partners, has led a £500,000 investment in back & posture care product specialist, Handsome Limited. A total of £250,000 was invested by NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund, and £250,000 provided by the GMC Fund, along with the company’s lead China manufacturing partner.. The funding will allow the company to execute its ambitious marketing strategy to expand overseas, invest in product development and will create five new jobs in the region.

IW Capital - the debt, equity and EIS investment specialist based in the heart of Mayfair - has announced its latest milestone of growth with the closure of its first secured debt fund. 

Streamline Press, a leading commercial printer specialising in lithographic, digital and large format print services, has secured £250,000 funding from MEIF Maven East & South East Midlands Debt Finance, managed by Maven Capital Partners.  This funding will support the implementation of Streamline Press’ profit improvement and growth strategy.

Streamline Press is a leading commercial printing company with a diverse range of services split across two sites in Leicester. The company produces lithographic, digital and large format print, with extensive in-house print finishing and mailing capabilities, enabling it to help its customers get the most from their print budgets. 

The Development Bank of Wales’ first full year has helped even more Welsh businesses to grow.  In the financial year ending 31 March 2019 the Development Bank of Wales invested a total of £80m, an increase of nearly 18% on the year before.  420 investments were completed across the whole of Wales during the year – 30% more than the previous 12 months.

The British Business Bank’s ENABLE Guarantee programme is now accepting applications from new types of lenders, with the aim of increasing the diversity of both supplier and type of finance available to smaller businesses.

Cherwell Software a global leader in service management, has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1million research and development (R&D) grant from Scottish Enterprise.

The funding forms part of an overall £22 million investment from Cherwell, £8.9 million of which has been allocated to Scotland, to develop new and cutting-edge technologies at its Dundee R&D facility to allow businesses of all types to automate services across their enterprises, driving efficiency and productivity.

It’s been serving the community of St Clears with traditional, tasty fish and chips for more than 50 years.  And now Neil’s Fish and Chip shop has new owners Ricky and Hanna Jones who, thanks to a loan from Development Bank of Wales, will continue to ensure that the locals and tourists can enjoy top quality fish and chips.

Kantox, a leader in FX management solutions for businesses, has just closed its second venture debt financing deal with Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors. 

The €5 million loan package is the second deal agreed between Kantox and SVB, with the first announced in December 2017. The new financing agreement underscores the appeal of Kantox’s growth story and SVB’s track record of investing in disruptive companies.

Credit Kudos, challenger credit bureau and leader in commercial applications of Open Banking, has raised £2.2m in their latest round of funding.

Funding is led by Ascension Ventures, through its social impact fund Fair by Design, with additional investment from existing investors NFT Ventures and Entrepreneur First’s Next Stage Fund.

New backers include Dragons’ Den star Sarah Willingham; prolific angel investor Charlie Songhurst (investor in Affirm, ClassPass, and Coindesk); and key figures from the credit industry, including both the former CEO and MD of Callcredit, now TransUnion, John McAndrew and Graham Lund. The investment will be used to drive further growth within the UK and support expansion into Europe, alongside further investment into Credit Kudos’ platform. 

Award-winning Mexican quick-service chain Chilango is celebrating one of the most popular alternative investment offers of recent times.  The firm’s Burrito Bond 2^TM, launched in October, quickly smashed its initial £1m target, with over £3.7m invested as the offer closed last Friday; this comfortably surpasses the £2.1m raised by the original Burrito Bond in 2014.