Tech start-ups that have traditionally relied on deep-pocketed Silicon Valley investors to fund ambitious growth plans are being forced into alternative financing deals to sustain their businesses and avoid drastic cuts in valuation.A sharp decline in venture capital dealmaking, alongside...
More than a dozen leading UK start-ups have appealed to Prime Minister Rishi Sunak to rethink proposed cuts to research and development tax credits, arguing the move will “punish” innovative companies and hurt the UK’s standing as a leading destination...
Sam Bankman-Fried has been accused of engineering “one of the biggest financial frauds in American history” as US prosecutors filed criminal charges against the founder of failed cryptocurrency exchange FTX.In an indictment unsealed on Tuesday, the US Department of Justice...
Aaaaand there it is. The US Securities and Exchange has levelled the first formal charges against Sam Bankman-Fried, and the watchdog doesn’t mince its words.FT Alphaville’s bold emphasis in the painfully stark charge sheet below, and some our comments further...
Europe’s most valuable private tech group Checkout.com has slashed its internal valuation to about $11bn, becoming the latest high-flying start-up forced to respond to the rout in tech stocks and falling investor sentiment.The London-based group told employees last month of the...
Venture capitalists are rushing to invest in artificial intelligence start-ups as growing hype around “generative AI” fills the void left by failing cryptocurrency and blockchain ventures.The recent leap in developments of sophisticated computer programs that can write scripts and create...
Getir, the Istanbul-based online grocery start-up, has closed its acquisition of German rival Gorillas in a deal that values the combined group at $10bn, as consolidation in the rapid delivery app market accelerates. The deal brings together two of Europe’s...
A Labour government would set up a state-backed group to boost small businesses by linking up institutional investors and venture capital firms, shadow chancellor Rachel Reeves will announce on Thursday.Reeves will say that a “British Tibi” — a reference to...
More than $400bn in market value has been wiped from European tech companies since the peak of the 2021 boom, as venture capital dealmaking hit a wall at the end of the summer. The continent’s start-ups were beneficiaries of a...
Singapore and Hong Kong start-ups are sidestepping their home stock exchanges to merge with special purpose acquisition companies (Spacs) in the US, as fundraising vehicles in the Asian financial hubs have yielded little on their exit plans.Information from financial data...
